SM Energy Company (SM)

Solvency & Capital Structure

Total Debt

$7.98B

Net Debt

$7.53B

SM Energy Company currently has $7.98B in total debt. Net debt is $7.53B after cash offsets.

Financial Fundamentals

SM • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	7.98	0.45	7.53	19.14	41.7%
2025-12-31	2.30	0.37	1.93	9.25	24.8%
2025-09-30	2.71	0.16	2.55	9.09	29.8%
2025-06-30	2.71	0.10	2.61	8.99	30.1%
2025-03-31	2.75	0.00	2.75	8.79	31.3%
2024-12-31	2.84	0.00	2.84	8.58	33.1%
2024-09-30	2.71	1.74	0.97	8.03	33.7%
2024-06-30	1.58	0.49	1.09	6.66	23.7%
2024-03-31	1.58	0.51	1.07	6.40	24.6%
2023-12-31	1.58	0.62	0.96	6.38	24.7%
2023-09-30	1.57	0.40	1.17	6.08	25.9%
2023-06-30	1.57	0.38	1.20	5.99	26.3%
2023-03-31	1.57	0.48	1.10	5.87	26.8%
2022-12-31	1.57	0.44	1.13	5.72	27.5%
2022-09-30	1.57	0.50	1.07	5.65	27.8%
2022-06-30	1.57	0.27	1.30	5.34	29.4%
2022-03-31	1.98	0.42	1.56	5.40	36.7%
2021-12-31	2.08	0.33	1.75	5.23	39.8%
2021-09-30	2.08	0.03	2.05	5.06	41.0%
2021-06-30	2.19	0.00	2.19	5.05	43.4%
2021-03-31	2.26	0.00	2.26	5.02	45.1%
2020-12-31	2.21	0.00	2.21	4.98	44.5%
2020-09-30	2.35	0.00	2.35	5.12	45.9%
2020-06-30	2.46	0.00	2.46	5.27	46.6%
2020-03-31	2.65	0.00	2.65	5.62	47.1%
2019-12-31	2.73	0.00	2.73	6.29	43.4%
2019-09-30	2.74	0.00	2.74	6.45	42.4%
2019-06-30	2.72	0.00	2.72	6.39	42.6%
2019-03-31	2.65	0.00	2.65	6.29	42.1%
2018-12-31	2.60	0.08	2.52	6.35	40.9%
2018-09-30	2.59	0.18	2.42	6.27	41.3%
2018-06-30	2.92	0.62	2.30	6.74	43.3%
2018-03-31	2.91	0.64	2.27	6.66	43.7%
2017-12-31	2.91	0.31	2.59	6.18	47.1%
2017-09-30	2.91	0.44	2.46	6.18	47.0%
2017-06-30	2.90	0.56	2.34	6.21	46.7%
2017-03-31	2.90	0.66	2.24	6.40	45.3%
2016-12-31	2.90	0.01	2.89	6.39	45.3%
2016-09-30	2.89	0.98	1.91	5.79	50.0%
2016-06-30	2.60	0.00	2.60	5.04	51.6%
2016-03-31	2.56	0.00	2.56	5.21	49.2%
2015-12-31	2.52	0.00	2.52	5.62	44.8%
2015-09-30	2.53	0.00	2.53	6.21	40.8%
2015-06-30	2.47	0.00	2.47	6.21	39.8%
2015-03-31	2.62	0.00	2.62	6.60	39.6%
2014-12-31	2.37	0.00	2.37	6.52	36.3%
2014-09-30	1.99	0.00	1.99	5.66	35.2%
2014-06-30	1.60	0.16	1.44	5.00	32.0%
2014-03-31	1.60	0.24	1.36	4.69	34.1%
2013-12-31	1.60	0.28	1.32	4.71	34.0%
2013-09-30	1.63	0.00	1.63	4.74	34.4%
2013-06-30	1.63	0.00	1.63	4.59	35.5%
2013-03-31	1.53	0.00	1.53	4.29	35.6%
2012-12-31	1.44	0.01	1.43	4.20	34.3%
2012-09-30	1.33	0.00	1.33	4.12	32.2%
2012-06-30	1.16	0.00	1.16	4.00	29.0%
2012-03-31	1.01	0.00	1.01	3.85	26.3%
2011-12-31	0.99	0.12	0.87	3.80	25.9%
2011-09-30	0.63	0.03	0.60	3.46	18.3%
2011-06-30	0.63	0.10	0.53	3.22	19.6%
2011-03-31	0.63	0.19	0.44	3.05	20.6%
2010-12-31	0.32	0.01	0.32	2.74	11.8%
2010-09-30	0.28	0.01	0.27	2.52	10.9%
2010-06-30	0.27	0.06	0.22	2.42	11.2%
2010-03-31	0.27	0.04	0.23	2.39	11.3%
2009-12-31	0.45	0.04	0.41	2.36	19.3%
2009-09-30	0.50	0.02	0.48	2.34	21.3%
2009-06-30	0.54	0.08	0.46	2.40	22.4%
2009-03-31	0.56	0.12	0.44	2.49	22.5%
2008-12-31	0.59	0.12	0.47	2.70	21.8%
2008-09-30	0.46	0.01	0.45	2.87	15.9%
2008-06-30	0.58	0.04	0.54	2.92	19.9%
2008-03-31	0.56	0.01	0.56	2.67	21.1%
2007-12-31	0.57	0.04	0.53	2.57	22.3%
2007-09-30	0.44	0.02	0.42	2.29	19.4%
2007-06-30	0.38	0.03	0.36	2.13	18.0%
2007-03-31	0.35	0.01	0.34	1.97	17.8%
2006-12-31	0.44	0.00	0.44	1.90	23.1%
2006-09-30	0.17	0.00	0.16	1.54	10.7%
2006-06-30	0.15	0.00	0.15	1.40	10.8%
2006-03-31	0.10	0.06	0.04	1.35	7.4%
2005-12-31	0.10	0.02	0.08	1.27	7.9%
2005-09-30	0.15	0.03	0.12	1.22	12.4%
2005-06-30	0.15	0.01	0.14	1.08	14.0%
2005-03-31	0.15	0.02	0.13	1.03	14.3%
2004-12-31	0.14	0.01	0.13	0.95	14.5%
2004-09-30	0.10	0.03	0.07	0.84	11.9%
2004-06-30	0.10	0.03	0.07	0.78	12.7%
2004-03-31	0.13	0.03	0.10	0.77	17.1%
2003-12-31	0.11	0.03	0.08	0.74	15.0%
2003-09-30	0.11	0.01	0.10	0.69	16.3%
2003-06-30	0.14	0.01	0.13	0.69	21.0%
2003-03-31	0.17	0.02	0.15	0.69	24.6%
2002-12-31	0.11	0.01	0.10	0.54	21.1%
2002-09-30	0.10	0.06	0.04	0.50	19.7%
2002-06-30	0.10	0.06	0.04	0.49	20.3%
2002-03-31	0.12	0.06	0.06	0.50	24.1%
2001-12-31	0.06	0.00	0.06	0.44	14.6%
2001-09-30	0.01	0.01	0.01	0.37	3.8%
2001-06-30	0.01	0.01	0.01	0.35	3.8%
2001-03-31	0.00	0.00	-0.00Net Cash	0.35	0.0%
2000-12-31	0.02	0.01	0.02	0.32	6.8%
2000-09-30	0.00	0.01	-0.00Net Cash	0.28	1.1%
2000-06-30	0.01	0.00	0.01	0.26	5.4%
2000-03-31	0.01	0.01	0.01	0.24	6.0%
1999-12-31	0.01	0.01	-0.00Net Cash	0.23	5.6%
1999-09-30	0.03	0.01	0.02	0.19	13.0%
1999-06-30	0.02	0.01	0.01	0.18	11.0%
1999-03-31	0.02	0.01	0.01	0.18	9.9%
1998-12-31	0.02	0.01	0.01	0.18	10.5%
1998-09-30	0.03	0.00	0.03	0.21	15.8%
1998-06-30	0.03	0.00	0.02	0.22	12.3%
1998-03-31	0.02	0.00	0.02	0.21	10.0%
1997-12-31	0.02	0.01	0.02	0.21	10.7%
1997-09-30	0.01	0.02	-0.01Net Cash	0.20	3.9%
1997-06-30	0.01	0.02	-0.02Net Cash	0.19	3.9%
1997-03-31	0.01	0.03	-0.02Net Cash	0.18	4.4%
1996-12-31	0.04	0.00	0.04	0.14	30.2%
1996-09-30	0.04	0.00	0.03	0.13	27.4%
1996-06-30	0.04	0.01	0.03	0.12	28.7%