The Market Fieldbook

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The Market Fieldbook

Company Observatory

SM

SM Energy Company

Energy · Oil & Gas Exploration & Production

Overall research band Weak
Quality Weak
Valuation Very weak
Balance sheet Very weak
Market confirmation Exceptional

One-minute company read

What this report can tell you now

What the company does

SM Energy Company is an independent energy firm focused on the exploration, development, acquisition, and production of oil, natural gas, and natural gas liquids, with all operations located in Texas. The company holds working interests in 825 active oil wells and 483 active gas wells, primarily in the Midland Basin and South Texas regions. As of February 24, 2022, SM Energy reported estimated proved reserves of 492.0 million barrels of oil equivalent. Its revenue model is based on the sale of oil, natural gas, and natural gas liquids produced from its wells. The company, founded in 1908 and headquartered in Denver, Colorado, adopted its current name in May 2010.

The current research profile is Mixed Setup, with elevated leverage. This is a starting point for investigation, not a forecast or recommendation.

Strongest visible signal

Recent market behavior is the strongest visible confirmation. Check whether it agrees with the underlying business evidence.

What to investigate next

Read the latest filing or company update, check the period behind the metrics, and investigate the dimension with the weakest band above.

Before you draw a conclusion

  • Read the latest filing or company update.
  • Check the financial period behind each metric.
  • Investigate the weakest score band and any missing evidence.

Headline fundamentals

A small set of signals worth checking

ROIC1.9%Model input; read with the evidence status and period context.
Operating margin6.5%Model input; read with the evidence status and period context.
Revenue CAGR · 4 years5.0%Model input; read with the evidence status and period context.
FCF margin-5.9%Model input; read with the evidence status and period context.

Go deeper when you need to

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Evidence detailSee exact inputs, source context, and model-aware metrics.
HistoryReview score and research changes over time.
MonitoringKeep the questions, risks, and changes that matter in view.

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