Filing Flows › Comparisons › SM vs PR
SM Energy vs Permian Resources: SM and PR compared
SM Energy is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $2.0B for Permian Resources (Q3 2026). SM Energy is growing faster (+167% against +48% a year earlier). Permian Resources is more profitable, with an operating margin of 45.4% against 10.9%.
Where the money goes: SM and PR
SM Energy (SM) · Q3 2026
SM Energy, Q3 2026: revenue $2.2B (+167% year over year), operating margin 10.9%, net earnings $93.0M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
Permian Resources (PR) · Q3 2026
Permian Resources, Q3 2026: revenue $2.0B (+48% year over year), operating margin 45.4%, net earnings $420M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| SM Energy (SM) | Permian Resources (PR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.2B | $2.0B |
| Revenue growth, Y/Y | +167% | +48% |
| Operating margin | 10.9% | 45.4% |
| Net earnings | $93.0M | $420M |
| Net margin | 4.3% | 21.5% |
| Operating cash flow | $1.1B | $1.3B |
| Free cash flow | $411M | $590M |
| Market value | $7.2B | $18.6B |
| P/E | 7.3× | 11.3× |
| Analysts’ mean target | $45.39 | $28.86 |
Where the revenue comes from
SM Energy
- Crude Oil: $1.8B (84%)
- Natural Gas: $209M (10%)
- Natural Gas Liquids (NGL): $135M (6%)
- Other revenues: $10.0M (0%)
Permian Resources
- Oil sales: $1.6B (84%)
- NGL sales: $264M (13%)
- Natural gas sales: $52.0M (3%)
Questions
Which is bigger, SM Energy or Permian Resources?
SM Energy is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $2.0B for Permian Resources (Q3 2026).
Is SM Energy or Permian Resources growing faster?
SM Energy is growing faster (+167% against +48% a year earlier).
Which is more profitable, SM Energy or Permian Resources?
Permian Resources is more profitable, with an operating margin of 45.4% against 10.9%.
More: SM Energy earnings · how SM Energy makes money · Permian Resources earnings · how Permian Resources makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.