SM Energy Co
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
SM$29.52+1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets March, and December 31,
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in thousands, except share data)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $506,252 | $616,164 |
| Accounts receivable | 241,731 | 231,165 |
| Derivative assets | 33,913 | 56,442 |
| Prepaid expenses and other | 11,149 | 12,668 |
| Total current assets | 793,045 | 916,439 |
| Property and equipment (successful efforts method): | ||
| Proved oil and gas properties | 11,756,523 | 11,477,358 |
| Accumulated depletion, depreciation, and amortization | (6,994,005) | (6,830,253) |
| Unproved oil and gas properties, net of valuation allowance of $34,934 and $35,362, respectively | 335,755 | 335,620 |
| Wells in progress | 380,419 | 358,080 |
| Other property and equipment, net of accumulated depreciation of $60,606 and $59,669, respectively | 34,905 | 35,615 |
| Total property and equipment, net | 5,513,597 | 5,376,420 |
| Noncurrent assets: | ||
| Derivative assets | 7,198 | 8,672 |
| Other noncurrent assets | 84,618 | 78,454 |
| Total noncurrent assets | 91,816 | 87,126 |
| Total assets | $6,398,458 | $6,379,985 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $496,361 | $611,598 |
| Derivative liabilities | 24,108 | 6,789 |
| Other current liabilities | 15,615 | 15,425 |
| Total current liabilities | 536,084 | 633,812 |
| Noncurrent liabilities: | ||
| Revolving credit facility | — | — |
| Senior Notes, net | 1,576,115 | 1,575,334 |
| Asset retirement obligations | 124,085 | 118,774 |
| Net deferred tax liabilities | 397,296 | 369,903 |
| Derivative liabilities | 1,369 | 1,273 |
| Other noncurrent liabilities | 65,258 | 65,039 |
| Total noncurrent liabilities | 2,164,123 | 2,130,323 |
| Commitments and contingencies (note 6) | ||
| Stockholders’ equity: | ||
| Common stock, $0.01 par value - authorized: 200,000,000 shares; issued and outstanding: 115,036,144 and 115,745,393 shares, respectively | 1,150 | 1,157 |
| Additional paid-in capital | 1,536,929 | 1,565,021 |
| Retained earnings | 2,162,771 | 2,052,279 |
| Accumulated other comprehensive loss | (2,599) | (2,607) |
| Total stockholders’ equity | 3,698,251 | 3,615,850 |
| Total liabilities and stockholders’ equity | $6,398,458 | $6,379,985 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.