# SM Energy's operating margin went from 30.3% to 10.9% as revenue rose 167.2%

![SM Energy's operating margin went from 30.3% to 10.9% as revenue rose 167.2%](https://aiswingx.com/static/covers/sm-2026q3_cover.jpg?v=1793809307)

**The operating margin went from 30.3% in the same period a year earlier to 10.9%. Revenue rose 167.2%.**

SM Energy (SM) filed its quarterly report (10-Q) for fiscal Q3 2026 on November 4. The operating margin went from 30.3% in the same period a year earlier to 10.9%. Revenue rose 167.2%.

- 종목: SM (SM Energy)
- 분기: 2026Q3 · 10-Q
- 작성: 2026-11-04 16:22 UTC
- 원문: https://aiswingx.com/p/sm-2026q3

## 숫자 하나
The operating margin went from 30.3% in the same period a year earlier to 10.9%.

## 비유 하나
(구독자 전용)

## 출처 하나
SM Energy Form 10-Q (fiscal Q3 2026, filed 2026-11-04): inline XBRL in the consolidated financial statements, SEC EDGAR accession 0000893538-26-000147

## 다음 분기에 볼 것
(구독자 전용)

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## What happened

SM Energy (SM) filed its quarterly report (10-Q) for fiscal Q3 2026 with the SEC on November 4. It covers July 1 to September 30, 2026. The cash flow statement covers nine months from the start of the fiscal year (January 1 to September 30, 2026).

The operating margin went from 30.3% in the same period a year earlier to 10.9%. Revenue rose 167.2%.

The figures are exactly as stated in the filing. Comparisons with the past use the company data the SEC publishes. Each item is sourced at the end.

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## FAQ

**Q. Where can I check these figures myself?**

On SEC EDGAR, in SM Energy's 10-Q (accession 0000893538-26-000147). The same values appear on the corresponding lines of the consolidated statements.

**Q. Are the ratios figures the company reports?**

No. They divide two figures stated in the filing for the same period. The working is in the arithmetic table in the subscriber section.

**Q. Are figures from different periods mixed?**

No. Income and cash items are divided only by items covering the same length of time, and balances are always stated against the previous fiscal year-end.