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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 635M | 13.3% |
Gross Profit | 467M | 19% |
Cost of Revenue | 168M | 0.1% |
Operating expense | 48M | 1.1% |
Net Income | 210M | 60.3% |
EBITDA | 447M | 19.9% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 6.66B | 4% |
Total Liabilities | 2.81B | 4.2% |
Total Equity | 3.84B | 3.9% |
Shares Outstanding | 114M | 0.8% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 476M | 72.6% |
Cash from investing | -323M | 2.9% |
Cash from financing | -70M | 30.7% |
EPS
Financial Highlights for SM Energy Co in Q2 '24
SM Energy Co reported a revenue of 635M, which is a 13.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 467M, marking a 19% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 168M, a 0.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 48M, showing a -1.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 210M, showing a 60.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 447M, showing a 19.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for SM Energy Co with growth in revenue, gross profit, and net income.