$SM
SM Energy Co Stock $sm

$sm Overview Financials Valuation SEC Filings Company Website

2018 Q2 Form 10-Q Financial Statement

#000089353818000106 Filed on August 02, 2018

Income Statement

Concept	2018 Q2	2017 Q2
Revenue	$443.9M	$120.7M
YoY Change	267.72%	-64.68%
Cost Of Revenue	$117.4M	$124.4M
YoY Change	-5.63%	-16.29%
Gross Profit	$326.5M	$163.5M
YoY Change	99.7%	14.18%
Gross Profit Margin	73.55%	135.44%
Selling, General & Admin	$28.90M	$28.20M
YoY Change	2.48%	0.0%
% of Gross Profit	8.85%	17.25%
Research & Development	$14.10M	$13.00M
YoY Change	8.46%	-1.52%
% of Gross Profit	4.32%	7.95%
Depreciation & Amortization	$151.7M	$153.2M
YoY Change	-0.98%	-27.39%
% of Gross Profit	46.46%	93.7%
Operating Expenses	$194.8M	$198.7M
YoY Change	-1.96%	-23.67%
Operating Profit	$56.15M	-$147.3M
YoY Change	-138.11%	-36.1%
Interest Expense	$41.65M	$44.60M
YoY Change	-6.59%	31.03%
% of Operating Profit	74.19%
Other Income/Expense, Net	$1.802M	$953.0K
YoY Change	89.09%	18960.0%
Pretax Income	$16.30M	-$191.0M
YoY Change	-108.53%	-27.82%
Income Tax	-$901.0K	-$71.06M
% Of Pretax Income	-5.53%
Net Earnings	$17.20M	-$119.9M
YoY Change	-114.34%	-28.91%
Net Earnings / Revenue	3.87%	-99.33%
Basic Earnings Per Share	$0.15	-$1.08
Diluted Earnings Per Share	$0.15	-$1.08
COMMON SHARES
Basic Shares Outstanding	111.7M shares	111.3M shares
Diluted Shares Outstanding	113.6M shares	111.3M shares

Balance Sheet

Concept	2018 Q2	2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$615.9M	$559.5M
YoY Change	10.08%
Cash & Equivalents	$615.9M	$559.5M
Short-Term Investments
Other Short-Term Assets	$160.6M	$104.1M
YoY Change	54.27%	-35.14%
Inventory
Prepaid Expenses
Receivables	$178.7M	$105.7M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$955.2M	$769.3M
YoY Change	24.16%	152.67%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.718B	$5.346B
YoY Change	6.96%	16.19%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$31.67M	$14.68M
YoY Change	115.72%	-42.53%
Total Long-Term Assets	$62.83M	$96.88M
YoY Change	-35.15%	-30.14%
TOTAL ASSETS
Total Short-Term Assets	$955.2M	$769.3M
Total Long-Term Assets	$62.83M	$96.88M
Total Assets	$6.736B	$6.213B
YoY Change	8.43%	23.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$446.3M	$311.5M
YoY Change	43.27%	21.06%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$342.3M
YoY Change
Total Short-Term Liabilities	$1.048B	$347.8M
YoY Change	201.33%	8.39%
LONG-TERM LIABILITIES
Long-Term Debt	$2.573B	$2.902B
YoY Change	-11.32%	11.48%
Other Long-Term Liabilities	$45.91M	$45.10M
YoY Change	1.79%	0.57%
Total Long-Term Liabilities	$2.952B	$3.363B
YoY Change	-12.22%	-0.35%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.048B	$347.8M
Total Long-Term Liabilities	$2.952B	$3.363B
Total Liabilities	$4.000B	$3.711B
YoY Change	7.79%	0.41%
SHAREHOLDERS EQUITY
Retained Earnings	$997.6M	$786.6M
YoY Change	26.83%	-24.38%
Common Stock	$1.755B	$1.730B
YoY Change	1.45%	436.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.737B	$2.502B
YoY Change
Total Liabilities & Shareholders Equity	$6.736B	$6.213B
YoY Change	8.43%	23.16%

Cashflow Statement

Concept	2018 Q2	2017 Q2
OPERATING ACTIVITIES
Net Income	$17.20M	-$119.9M
YoY Change	-114.34%	-28.91%
Depreciation, Depletion And Amortization	$151.7M	$153.2M
YoY Change	-0.98%	-27.39%
Cash From Operating Activities	$171.4M	$107.1M
YoY Change	60.04%	-22.73%
INVESTING ACTIVITIES
Capital Expenditures	-$446.4M	-$225.4M
YoY Change	98.05%	31.12%
Acquisitions
YoY Change
Other Investing Activities	$251.4M	$24.90M
YoY Change	909.64%	149.0%
Cash From Investing Activities	-$195.0M	-$200.4M
YoY Change	-2.69%	23.7%
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	-3.800M
YoY Change	0.0%	-116.31%
NET CHANGE
Cash From Operating Activities	171.4M	107.1M
Cash From Investing Activities	-195.0M	-200.4M
Cash From Financing Activities	-3.800M	-3.800M
Net Change In Cash	-27.40M	-97.10M
YoY Change	-71.78%	97000.0%
FREE CASH FLOW
Cash From Operating Activities	$171.4M	$107.1M
Capital Expenditures	-$446.4M	-$225.4M
Free Cash Flow	$617.8M	$332.5M
YoY Change	85.8%	7.09%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	sm	Cash Portion Of Gain Loss On Derivative Instrument CashPortionOfGainLossOnDerivativeInstrument	16310000	USD
	sm	Cash Portion Of Gain Loss On Derivative Instrument CashPortionOfGainLossOnDerivativeInstrument	-61193000	USD
	sm	Change In Capital Expenditures Incurred But Not Yet Paid ChangeInCapitalExpendituresIncurredButNotYetPaid	44770000	USD
	sm	Change In Capital Expenditures Incurred But Not Yet Paid ChangeInCapitalExpendituresIncurredButNotYetPaid	62167000	USD
CY2017Q2	sm	Derivativesettlementgainorloss Derivativesettlementgainorloss	16303000	USD
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	sm	Derivativesettlementgainorloss Derivativesettlementgainorloss	-61193000	USD
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	sm	Gains Losseson Extinguishmentof Debt Non Cash Portion GainsLossesonExtinguishmentofDebtNonCashPortion	0	USD
CY2017Q2	sm	Impairmentof Proved Oiland Gas Properties ImpairmentofProvedOilandGasProperties	0	USD
	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	2018
	dei	Document Period End Date DocumentPeriodEndDate	2018-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000893538
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	dei	Entity Registrant Name EntityRegistrantName	SM Energy Co
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CY2017Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.08
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.41
CY2018Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.15
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.00
CY2017Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.08
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.41
CY2018Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.15
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.95
CY2017Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.372
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.369
CY2018Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.055
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.227
CY2017Q2	us-gaap	Exploration Expense ExplorationExpense	12983000	USD
	us-gaap	Exploration Expense ExplorationExpense	24800000	USD
CY2018Q2	us-gaap	Exploration Expense ExplorationExpense	14056000	USD
	us-gaap	Exploration Expense ExplorationExpense	27783000	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
CY2018Q2	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-63749000	USD
CY2017Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-190968000	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-71278000	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
CY2018Q2	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	39501000	USD
	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	424870000	USD
CY2017Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-35000	USD
CY2018Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2017Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	28237000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	57054000	USD
CY2018Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	28920000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	56602000	USD
CY2017Q2	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	USD
CY2017Q2	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	157000	USD
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	157000	USD
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	USD
CY2018Q2	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	11935000	USD
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	17560000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-72028000	USD
CY2018Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	16296000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	432688000	USD
CY2017Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-71061000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-26555000	USD
CY2018Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-901000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	98090000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-8220000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	207000	USD
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	-28182000	USD
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	21722000	USD
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
CY2018Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1929000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1569000	shares
CY2017Q2	us-gaap	Interest Expense InterestExpense	44595000	USD
	us-gaap	Interest Expense InterestExpense	91548000	USD
CY2018Q2	us-gaap	Interest Expense InterestExpense	41654000	USD
	us-gaap	Interest Expense InterestExpense	84739000	USD
	us-gaap	Interest Paid Net InterestPaidNet	83493000	USD
	us-gaap	Interest Paid Net InterestPaidNet	77803000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6176776000	USD
CY2018Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6736485000	USD
CY2017Q4	us-gaap	Liabilities Current LiabilitiesCurrent	559212000	USD
CY2018Q2	us-gaap	Liabilities Current LiabilitiesCurrent	1047957000	USD
CY2017Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3222956000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	242128000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	311518000	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	-119907000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-45473000	USD
CY2018Q2	us-gaap	Net Income Loss NetIncomeLoss	17197000	USD
	us-gaap	Net Income Loss NetIncomeLoss	334598000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1 NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1	0	USD
CY2018Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2951901000	USD
CY2017Q4	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	0	USD
CY2018Q2	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	0	USD
CY2017Q2	us-gaap	Natural Gas Production Revenue NaturalGasProductionRevenue	101740000	USD
	us-gaap	Natural Gas Production Revenue NaturalGasProductionRevenue	202921000	USD
CY2018Q2	us-gaap	Natural Gas Production Revenue NaturalGasProductionRevenue	84064000	USD
	us-gaap	Natural Gas Production Revenue NaturalGasProductionRevenue	163173000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-6343000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-3836000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	311364000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-5719000	USD
CY2017Q2	us-gaap	Oil And Condensate Revenue OilAndCondensateRevenue	54325000	USD
	us-gaap	Oil And Condensate Revenue OilAndCondensateRevenue	118718000	USD
CY2018Q2	us-gaap	Oil And Condensate Revenue OilAndCondensateRevenue	52344000	USD
	us-gaap	Oil And Condensate Revenue OilAndCondensateRevenue	95061000	USD
CY2017Q2	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	124376000	USD
	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	262422000	USD
CY2018Q2	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	117400000	USD
	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	238279000	USD
CY2017Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	3171575000	USD
CY2018Q2	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	3041653000	USD
CY2017Q2	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	284939000	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	618137000	USD
CY2018Q2	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	402558000	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	785444000	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-147326000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	18835000	USD
CY2018Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	56148000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	515216000	USD
CY2017Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	32507000	USD
CY2018Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	31674000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent	-124000	USD
	us-gaap	Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent	443000	USD
CY2018Q2	us-gaap	Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent	-198000	USD
	us-gaap	Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent	-458000	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
CY2018Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	198000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	458000	USD
CY2017Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	48400000	USD
CY2018Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	45906000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-4464000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	2302000	USD
CY2017Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	953000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	720000	USD
CY2018Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1802000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	2211000	USD
CY2017Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-4251000	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-9110000	USD
CY2018Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	57000	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-4555000	USD
CY2017Q2	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	2915000	USD
	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	4992000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	406000000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-161000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-133000	USD
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	766247000	USD
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	742215000	USD
CY2018Q2	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	1857000	USD
	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	3197000	USD
	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	13000	USD
	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	0	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5563000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5584000	USD
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	88140000	USD
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	24615000	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	366743000	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	723319000	USD
CY2017Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	10752000	USD
CY2018Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	14293000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1738000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5554792000	USD
CY2018Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5718450000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	49985000	USD
CY2018Q2	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	53483000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	106738000	USD
CY2018Q2	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	102986000	USD
CY2017Q4	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	6139379000	USD
CY2018Q2	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	6372956000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	406000000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2017Q4	us-gaap	Restricted Cash RestrictedCash	0	USD
CY2018Q2	us-gaap	Restricted Cash RestrictedCash	0	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
CY2018Q2	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	151765000	USD
	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	282238000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	665657000	USD
CY2018Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	997641000	USD
CY2018Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	0	USD
CY2017Q2	us-gaap	Revenues Revenues	120721000	USD
	us-gaap	Revenues Revenues	493459000	USD
CY2018Q2	us-gaap	Revenues Revenues	443916000	USD
	us-gaap	Revenues Revenues	1213511000	USD
CY2017Q4	us-gaap	Senior Long Term Notes SeniorLongTermNotes	2769663000	USD
CY2018Q2	us-gaap	Senior Long Term Notes SeniorLongTermNotes	2429994000	USD
CY2017Q4	us-gaap	Senior Notes Current SeniorNotesCurrent	0	USD
CY2018Q2	us-gaap	Senior Notes Current SeniorNotesCurrent	342301000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	9813000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	10676000	USD
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	6800000	shares
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2394608000	USD
CY2018Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2736627000	USD
CY2017Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	2047203000	USD
CY2018Q2	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	1917883000	USD
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
CY2018Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	113630000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	113267000	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
CY2018Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	111701000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	111698000	shares
	us-gaap	Property Plant And Equipment Impairment PropertyPlantAndEquipmentImpairment	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;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%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><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 cash flows 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 is 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, 2018</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;">. The Company believes the discount rates are representative of current market conditions and considers 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 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. There were </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> material impairments of proved properties during the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June 30, 2018</font><font style="font-family:inherit;font-size:10pt;">, or 2017.</font></div><div style="line-height:120%;padding-bottom:16px;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.  Lease acquisition costs that are not individually significant are aggregated by prospect and the portion of such costs estimated to be nonproductive prior to lease expiration are amortized over the appropriate period. The estimate of what could be nonproductive is based on historical trends or other information, including current drilling plans and the Company’s intent to renew leases. 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. During the three and </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, 2018</font><font style="font-family:inherit;font-size:10pt;">, the Company recorded </font><font style="font-family:inherit;font-size:10pt;">$11.9 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$17.6 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, in abandonment and impairment of unproved properties expense related to lease expirations. There were </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> material abandonments or impairments of unproved properties expenses for the three or six months ended </font><font style="font-family:inherit;font-size:10pt;">June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:16px;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 oil and gas properties 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. If an estimated selling price is not available, the Company utilizes the various income valuation techniques discussed above. Any initial write-down and subsequent changes to the fair value less estimated cost to sell is included within the net gain (loss) on divestiture activity line item in the accompanying statements of operations. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There were no material assets held for sale that were recorded at fair value as of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2018</font><font style="font-family:inherit;font-size:10pt;">, or as of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;">. For the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> June 30, 2017, 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 assets previously held for sale. Please refer to </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 3 - Divestitures, Assets Held for Sale, and Acquisitions</font><font style="font-family:inherit;font-size:10pt;"> above as well as in the 2017 Form 10-K for more information regarding the Company’s oil and gas properties held for sale</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font></div></div>

Files In Submission

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0000893538-18-000106-index.html	Edgar Link	pending
0000893538-18-000106.txt	Edgar Link	pending
0000893538-18-000106-xbrl.zip	Edgar Link	pending
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sm-20180630_pre.xml	Edgar Link	unprocessable
sm-63018x10q.htm	Edgar Link	pending
smenergylogohorizontala.jpg	Edgar Link	pending

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$SM
SM Energy Co Stock $sm

2018 Q2 Form 10-Q Financial Statement

#000089353818000106 Filed on August 02, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SM SM Energy Co Stock $sm

2018 Q2 Form 10-Q Financial Statement

#000089353818000106 Filed on August 02, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SM
SM Energy Co Stock $sm