SM (SM Energy Co) Long-Term Debt: $6,741 Mil (As of Mar. 2026)

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SM SM Energy Co SM
73 GF Score
Price $31.63
GF Value $52.26
Valuation Possible Value Trap
! 10 Warning Signs
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What is SM Energy Co Long-Term Debt?

SM Energy Co SM -0.28% 73 Long-Term Debt is $6,741 Mil as of Mar. 2026. GuruFocus rates SM with a GF Score™ of 73/100 and a GF Value™ of $52.26 (Possible Value Trap). The stock has 10 warning signs investors should review.

SM Energy Co's Long-Term Debt for the quarter that ended in Mar. 2026 was $6,741 Mil.

SM Energy Co's quarterly Long-Term Debt increased from Sep. 2025 ($2,294 Mil) to Dec. 2025 ($2,296 Mil) and increased from Dec. 2025 ($2,296 Mil) to Mar. 2026 ($6,741 Mil).

SM Energy Co's annual Long-Term Debt increased from Dec. 2023 ($1,575 Mil) to Dec. 2024 ($2,777 Mil) but then declined from Dec. 2024 ($2,777 Mil) to Dec. 2025 ($2,296 Mil).

SM Energy Co  (NYSE:SM) Long-Term Debt Explanation

Long-Term Debt is the sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer. Long-Term Debt includes notes payable, bonds payable, mortgage loans, convertible debt, subordinated debt and other types of long term debt.

SM Energy Co Long-Term Debt Related Terms

SM Energy Co Long-Term Debt Historical Data

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The historical data trend for SM Energy Co's Long-Term Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SM Energy Co Long-Term Debt Chart

SM Energy Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Long-Term Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,081.16 1,572.21 1,575.33 2,777.00 2,296.00

SM Energy Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Long-Term Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,747.08 2,711.15 2,294.12 2,296.00 6,741.00
SM
73GF Score
SM Energy Co SM
Long-Term Debt is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Long-Term Debt →
What does a Long-Term Debt of $6,741 Mil mean?
SM Energy Co (SM) has a Long-Term Debt of $6,741 Mil as of Mar. 2026.
Is SM Energy Co's Long-Term Debt too high?
SM Energy Co's current Long-Term Debt is $6,741 Mil. Overall, SM Energy Co has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SM Energy Co's Long-Term Debt compare to CHRD and RRC?
SM Energy Co's Long-Term Debt of $6,741 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Long-Term Debt for an Oil & Gas company?
A good Long-Term Debt depends on the Oil & Gas industry context. However, Long-Term Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Long-Term Debt mean?
A high Long-Term Debt can signal that a stock is expensive relative to its fundamentals. SM Energy Co's current Long-Term Debt is $6,741 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SM Energy Co stock overvalued right now?
Based on GuruFocus' analysis, SM Energy Co (SM) is currently considered Possible Value Trap. The stock's GF Value™ is $52.26, compared to a current price of $31.63 — trading 39.5% below its estimated fair value. The current Long-Term Debt is $6,741 Mil. SM Energy Co's overall GF Score™ is 73/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Long-Term Debt calculated?
Long-Term Debt is calculated from a company's financial statements. For SM Energy Co (SM), the current Long-Term Debt is $6,741 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SM Energy Co (SM) Overvalued in 2026?

Based on GuruFocus' analysis, SM Energy Co stock appears to be undervalued. The current stock price of $31.63 is trading 39.5% below its estimated GF Value™ of $52.26. GuruFocus considers SM Energy Co to be Possible Value Trap.

Key valuation signals for SM:

  • Long-Term Debt: $6,741 Mil
  • GF Value™: $52.26 vs. price of $31.63 (39.5% below fair value)
  • GF Score™: 73/100 with 10 warning signs

No single metric tells the full story. See the SM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SM Energy Co Business Description

Industry EnergyOil & Gas
Other Exchanges 0KZA:UKSJL:Germany
Address 1700 Lincoln Street, Suite 3200, Denver, CO, USA, 80203
SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas, and NGLs in Texas and Utah. The Company operates in the oil and gas extraction industry, focused on exploration and production activities, onshore in the United States. Its portfolio is comprised of assets in the Midland Basin of West Texas, the Maverick Basin of South Texas, and the Uinta Basin of northeastern Utah.
73GF Score

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Long-Term Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$31.63
Price
$52.26
GF Value