$SM
SM Energy Co Stock $sm

$sm Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000089353817000124 Filed on August 04, 2017

Income Statement

Concept	2017 Q2	2016 Q2
Revenue	$120.7M	$341.8M
YoY Change	-64.68%	-33.78%
Cost Of Revenue	$124.4M	$148.6M
YoY Change	-16.29%	-14.45%
Gross Profit	$163.5M	$143.2M
YoY Change	14.18%	-47.08%
Gross Profit Margin	135.44%	41.89%
Selling, General & Admin	$28.20M	$28.20M
YoY Change	0.0%	-33.8%
% of Gross Profit	17.25%	19.69%
Research & Development	$13.00M	$13.20M
YoY Change	-1.52%	-48.24%
% of Gross Profit	7.95%	9.22%
Depreciation & Amortization	$153.2M	$211.0M
YoY Change	-27.39%	-3.96%
% of Gross Profit	93.7%	147.35%
Operating Expenses	$198.7M	$260.3M
YoY Change	-23.67%	-11.37%
Operating Profit	-$147.3M	-$230.5M
YoY Change	-36.1%	353.13%
Interest Expense	$44.60M	$34.04M
YoY Change	31.03%	10.58%
% of Operating Profit
Other Income/Expense, Net	$953.0K	$5.000K
YoY Change	18960.0%	-80.0%
Pretax Income	-$191.0M	-$264.6M
YoY Change	-27.82%	169.4%
Income Tax	-$71.06M	-$95.90M
% Of Pretax Income
Net Earnings	-$119.9M	-$168.7M
YoY Change	-28.91%	193.32%
Net Earnings / Revenue	-99.33%	-49.35%
Basic Earnings Per Share	-$1.08	-$2.48
Diluted Earnings Per Share	-$1.08	-$2.48
COMMON SHARES
Basic Shares Outstanding	111.3M shares	68.10M shares
Diluted Shares Outstanding	111.3M shares	68.10M shares

Balance Sheet

Concept	2017 Q2	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$559.5M	$0.00
YoY Change		-100.0%
Cash & Equivalents	$559.5M	$18.00K
Short-Term Investments
Other Short-Term Assets	$104.1M	$160.5M
YoY Change	-35.14%	-43.8%
Inventory
Prepaid Expenses
Receivables	$105.7M	$144.0M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$769.3M	$304.5M
YoY Change	152.67%	-42.08%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.346B	$4.601B
YoY Change	16.19%	-16.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$14.68M	$25.55M
YoY Change	-42.53%	-64.22%
Total Long-Term Assets	$96.88M	$138.7M
YoY Change	-30.14%	-31.64%
TOTAL ASSETS
Total Short-Term Assets	$769.3M	$304.5M
Total Long-Term Assets	$96.88M	$138.7M
Total Assets	$6.213B	$5.044B
YoY Change	23.16%	-18.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$311.5M	$257.3M
YoY Change	21.06%	-39.24%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$347.8M	$320.8M
YoY Change	8.39%	-38.55%
LONG-TERM LIABILITIES
Long-Term Debt	$2.902B	$2.603B
YoY Change	11.48%	5.3%
Other Long-Term Liabilities	$45.10M	$44.84M
YoY Change	0.57%	21.4%
Total Long-Term Liabilities	$3.363B	$3.375B
YoY Change	-0.35%	-3.66%
TOTAL LIABILITIES
Total Short-Term Liabilities	$347.8M	$320.8M
Total Long-Term Liabilities	$3.363B	$3.375B
Total Liabilities	$3.711B	$3.696B
YoY Change	0.41%	-8.19%
SHAREHOLDERS EQUITY
Retained Earnings	$786.6M	$1.040B
YoY Change	-24.38%	-45.25%
Common Stock	$1.730B	$322.5M
YoY Change	436.46%	7.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.502B	$1.349B
YoY Change
Total Liabilities & Shareholders Equity	$6.213B	$5.044B
YoY Change	23.16%	-18.82%

Cashflow Statement

Concept	2017 Q2	2016 Q2
OPERATING ACTIVITIES
Net Income	-$119.9M	-$168.7M
YoY Change	-28.91%	193.32%
Depreciation, Depletion And Amortization	$153.2M	$211.0M
YoY Change	-27.39%	-3.96%
Cash From Operating Activities	$107.1M	$138.6M
YoY Change	-22.73%	-47.82%
INVESTING ACTIVITIES
Capital Expenditures	-$225.4M	-$171.9M
YoY Change	31.12%	-59.62%
Acquisitions
YoY Change
Other Investing Activities	$24.90M	$10.00M
YoY Change	149.0%	-96.81%
Cash From Investing Activities	-$200.4M	-$162.0M
YoY Change	23.7%	44.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-3.800M	23.30M
YoY Change	-116.31%	-115.21%
NET CHANGE
Cash From Operating Activities	107.1M	138.6M
Cash From Investing Activities	-200.4M	-162.0M
Cash From Financing Activities	-3.800M	23.30M
Net Change In Cash	-97.10M	-100.0K
YoY Change	97000.0%	-150.0%
FREE CASH FLOW
Cash From Operating Activities	$107.1M	$138.6M
Capital Expenditures	-$225.4M	-$171.9M
Free Cash Flow	$332.5M	$310.5M
YoY Change	7.09%	-55.08%

Facts In Submission

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	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-06-30
	dei	Document Type DocumentType	10-Q
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	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	SM Energy Co
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CY2017Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.08
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.41
CY2016Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.362
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.360
CY2017Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.372
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.369
CY2016Q2	us-gaap	Exploration Expense ExplorationExpense	13187000	USD
	us-gaap	Exploration Expense ExplorationExpense	28460000	USD
CY2017Q2	us-gaap	Exploration Expense ExplorationExpense	13072000	USD
	us-gaap	Exploration Expense ExplorationExpense	25050000	USD
CY2016Q2	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-163351000	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-149123000	USD
CY2017Q2	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	55189000	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	169963000	USD
CY2016Q2	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	50046000	USD
	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	-18975000	USD
CY2017Q2	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	-167133000	USD
	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	-129670000	USD
CY2016Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	15722000	USD
CY2017Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-35000	USD
CY2016Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	28200000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	60438000	USD
CY2017Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	28460000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	57684000	USD
CY2016Q2	us-gaap	Impairment Of Leasehold ImpairmentOfLeasehold	38000	USD
	us-gaap	Impairment Of Leasehold ImpairmentOfLeasehold	2349000	USD
CY2017Q2	us-gaap	Impairment Of Leasehold ImpairmentOfLeasehold	157000	USD
	us-gaap	Impairment Of Leasehold ImpairmentOfLeasehold	157000	USD
CY2016Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-264579000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-806664000	USD
CY2017Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-190968000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-72028000	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-95898000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-290773000	USD
CY2017Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-71061000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-26555000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-4564000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	8220000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-61727000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-8973000	USD
CY2017Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6212605000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	415172000	USD
CY2016Q2	us-gaap	Interest Expense InterestExpense	34035000	USD
	us-gaap	Interest Expense InterestExpense	65123000	USD
CY2017Q2	us-gaap	Interest Expense InterestExpense	44595000	USD
	us-gaap	Interest Expense InterestExpense	91548000	USD
	us-gaap	Interest Paid Net InterestPaidNet	63590000	USD
	us-gaap	Interest Paid Net InterestPaidNet	83493000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6393511000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	11220000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-46993000	USD
	us-gaap	Increase Decrease In Derivative Assets And Liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities	-14117000	USD
	us-gaap	Increase Decrease In Derivative Assets And Liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities	517000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-8487000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	9321000	USD
CY2016Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2017Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2017Q2	us-gaap	Liabilities Current LiabilitiesCurrent	347772000	USD
CY2016Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3481206000	USD
CY2017Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3363005000	USD
CY2016Q4	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	0	USD
CY2017Q2	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	0	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	94381000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-6330000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-351254000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	314364000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	256873000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	242115000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1 NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1	733000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1 NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1	279750000	USD
CY2016Q2	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	148591000	USD
	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	293134000	USD
CY2017Q2	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	124376000	USD
	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	262422000	USD
CY2016Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	2836532000	USD
CY2017Q2	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	3117983000	USD
CY2016Q2	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	291142000	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	502965000	USD
CY2017Q2	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	284939000	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	618137000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-230549000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-757274000	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-147638000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	17955000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	19940000	USD
CY2017Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	14683000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	11000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-269000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-505000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	124000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-443000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	269000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	505000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-124000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	443000	USD
CY2016Q2	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	7976000	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	13648000	USD
CY2017Q2	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	445000	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	5304000	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	47244000	USD
CY2017Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	45098000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-2517000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-2267000	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	5000	USD
CY2017Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1265000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1600000	USD
CY2016Q2	us-gaap	Other Operating Income OtherOperatingIncome	626000	USD
	us-gaap	Other Operating Income OtherOperatingIncome	900000	USD
CY2017Q2	us-gaap	Other Operating Income OtherOperatingIncome	2915000	USD
	us-gaap	Other Operating Income OtherOperatingIncome	4992000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	900000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-3000000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	3132000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	3404000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5563000	USD
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	17751000	USD
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	88140000	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	345570000	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	366743000	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	8799000	USD
CY2017Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	18121000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	2354000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1738000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	585000000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	406000000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-33000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-161000	USD
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	12967000	USD
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	766247000	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	-168681000	USD
	us-gaap	Profit Loss ProfitLoss	-515891000	USD
CY2017Q2	us-gaap	Profit Loss ProfitLoss	-119907000	USD
	us-gaap	Profit Loss ProfitLoss	-45473000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	6081354000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5346411000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	47737000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	137753000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	108976000	USD
CY2016Q4	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	5700418000	USD
CY2017Q2	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	5631013000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	456500000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	406000000	USD
CY2016Q2	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	211020000	USD
	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	425227000	USD
CY2017Q2	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	153232000	USD
	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	291044000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	794020000	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	786608000	USD
CY2016Q2	us-gaap	Revenues Revenues	341814000	USD
	us-gaap	Revenues Revenues	484890000	USD
CY2017Q2	us-gaap	Revenues Revenues	120721000	USD
	us-gaap	Revenues Revenues	493459000	USD
CY2016Q4	us-gaap	Senior Long Term Notes SeniorLongTermNotes	2766719000	USD
CY2017Q2	us-gaap	Senior Long Term Notes SeniorLongTermNotes	2767030000	USD
	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	1738000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	9813000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2497133000	USD
CY2017Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2501828000	USD
CY2016Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	2471947000	USD
CY2017Q2	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	2418984000	USD
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	68102000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	68090000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	111277000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	111274000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	68102000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	68090000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	111277000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	111274000	shares
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Note 1 - The Company and Business</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SM Energy Company, together with its consolidated subsidiaries (“SM Energy” or the “Company”), is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids (also respectively referred to as “oil,” “gas,” and “NGLs” throughout this report) in onshore North America.</font></div></div>
	us-gaap	Property Plant And Equipment Impairment PropertyPlantAndEquipmentImpairment	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Proved and Unproved Oil and Gas Properties and Other Property and Equipment</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font><font style="font-family:inherit;font-size:10pt;">The Company did not have property and equipment measured at fair value within the accompanying balance sheets as of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">. Property and equipment, net measured at fair value totaled </font><font style="font-family:inherit;font-size:10pt;">$88.2 million</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">, and primarily consisted of the Company’s Powder River Basin assets, which were impaired at year-end as a result of downward performance reserve revisions. </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">    </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Proved oil and gas properties.</font><font style="font-family:inherit;font-size:10pt;"> Proved oil and gas property costs are evaluated for impairment and reduced to fair value when there is an indication the carrying costs may not be recoverable. The Company uses Level 3 inputs and the income valuation technique, which converts future amounts to a single present value amount, to measure the fair value of proved properties through an application of discount rates and price forecasts representative of the current operating environment, as selected by the Company’s management. The calculation of the discount rates are based on the best information available and the rates used ranged from </font><font style="font-family:inherit;font-size:10pt;">10 percent</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">15 percent</font><font style="font-family:inherit;font-size:10pt;"> based on the reservoir specific weightings of future estimated proved and unproved cash flows as of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">. The Company believes the discount rates are representative of current market conditions and consider estimates of future cash payments, reserve categories, expectations of possible variations in the amount and/or timing of cash flows, the risk premium, and nonperformance risk. The prices for oil and gas are forecast based on NYMEX strip pricing, adjusted for basis differentials, for the first </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> years, after which a flat terminal price is used for each commodity stream. The prices for NGLs are forecast using OPIS Mont Belvieu pricing, for as long as the market is actively trading, after which a flat terminal price is used. Future operating costs are also adjusted as deemed appropriate for these estimates. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company did not recognize any material impairment of proved properties expenses for the three or </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, or for the three months ended </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">. The Company recorded impairment of proved properties expense of </font><font style="font-family:inherit;font-size:10pt;">$269.8 million</font><font style="font-family:inherit;font-size:10pt;"> for the six months ended June 30, 2016, primarily related to the Company’s outside-operated Eagle Ford shale assets and the decline in expected cash flows driven by commodity price declines during the first quarter of 2016. </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Unproved oil and gas properties.</font><font style="font-family:inherit;font-size:10pt;"> Unproved oil and gas property costs are evaluated for impairment and reduced to fair value when there is an indication that the carrying costs may not be recoverable.  To measure the fair value of unproved properties, the Company uses a market approach, which takes into account the following significant assumptions: remaining lease terms, future development plans, risk weighted potential resource recovery, estimated reserve values, and estimated acreage value based on price(s) received for similar, recent acreage transactions by the Company or other market participants. </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There were no material abandonments or impairments of unproved properties expenses for the three or </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, or </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Oil and gas properties held for sale.</font><font style="font-family:inherit;font-size:10pt;"> Proved and unproved properties and other property and equipment classified as held for sale, including the corresponding asset retirement obligation liability, are valued using a market approach based on an estimated net selling price, as evidenced by the most current bid prices received from third parties, if available, or by recent, comparable market transactions. If an estimated selling price is not available, the Company utilizes the various income valuation techniques discussed above. When assets no longer meet the criteria of assets held for sale, they are measured at the lower of the carrying value of the assets before being classified as held for sale, adjusted for any depletion, depreciation, and amortization expense that would have been recognized, or the fair value at the date they are reclassified to assets held for use. </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There were no assets held for sale that were recorded at fair value as of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">. However, for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company recorded a </font><font style="font-family:inherit;font-size:10pt;">$526.5 million</font><font style="font-family:inherit;font-size:10pt;"> write-down on its Divide County assets previously held for sale, of which </font><font style="font-family:inherit;font-size:10pt;">$359.6 million</font><font style="font-family:inherit;font-size:10pt;"> was recorded in the first quarter of 2017 based on an estimated fair value less selling costs and </font><font style="font-family:inherit;font-size:10pt;">$166.9 million</font><font style="font-family:inherit;font-size:10pt;"> was recorded in the second quarter of 2017 based on market conditions that existed on the date the Company decided to retain the assets. Certain assets held for sale as of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, were written down by </font><font style="font-family:inherit;font-size:10pt;">$68.3 million</font><font style="font-family:inherit;font-size:10pt;"> during the first quarter of </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and subsequently written up by </font><font style="font-family:inherit;font-size:10pt;">$49.5 million</font><font style="font-family:inherit;font-size:10pt;"> in the second quarter of 2016 due to an increase in estimated selling prices, as evidenced by bid prices received from third parties. Certain of these assets were subsequently sold in the third quarter of 2016 for a small net gain due to successful marketing efforts. Please refer to </font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:normal;">Note 3 - Divestitures, Assets Held for Sale, and Acquisitions</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">for additional discussion</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

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$SM
SM Energy Co Stock $sm

2017 Q2 Form 10-Q Financial Statement

#000089353817000124 Filed on August 04, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SM SM Energy Co Stock $sm

2017 Q2 Form 10-Q Financial Statement

#000089353817000124 Filed on August 04, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SM
SM Energy Co Stock $sm