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SM Energy (SM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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SM Energy (SM - Free Report) reported $2.5 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 215.3%. EPS of $2.19 for the same period compares to $1.50 a year ago.
The reported revenue represents a surprise of +24.54% over the Zacks Consensus Estimate of $2.01 billion. With the consensus EPS estimate being $1.93, the EPS surprise was +13.47%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how SM Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average net daily production - Gas: 953.7 millions of cubic feet per day compared to the 890.79 millions of cubic feet per day average estimate based on five analysts.
Average net daily production - Equivalent: 439.7 millions of barrels of oil equivalent per day versus 444.94 millions of barrels of oil equivalent per day estimated by five analysts on average.
Average net daily production - Oil: 229.8 millions of barrels of oil per day versus the five-analyst average estimate of 234.21 millions of barrels of oil per day.
Average net daily production - NGLs: 51 millions of barrels of oil per day versus 60.08 millions of barrels of oil per day estimated by four analysts on average.
Realized sales price (including the effect of net derivative settlements) - Oil: $96.85 compared to the $79.09 average estimate based on two analysts.
Realized sales price (including the effect of net derivative settlements) - Gas: $1.54 versus the two-analyst average estimate of $2.16.
Net production volumes - NGLs: 4.60 MBBL compared to the 4.80 MBBL average estimate based on two analysts.
Realized sales price (before the effect of net derivative settlements) - NGLs: $24.69 versus the two-analyst average estimate of $25.58.
Realized sales price (before the effect of net derivative settlements) - Gas: $0.17 versus the two-analyst average estimate of $-0.39.
Net production volumes - Oil: 20.90 MBBL versus 21.22 MBBL estimated by two analysts on average.
Realized sales price (before the effect of net derivative settlements) - Oil: $96.85 compared to the $94.01 average estimate based on two analysts.
Operating revenues and other income- Oil, gas, and NGL production revenue: $2.16 billion compared to the $2.03 billion average estimate based on two analysts. The reported number represents a change of +174.6% year over year.
Shares of SM Energy have returned +11.2% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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SM Energy (SM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
SM Energy (SM - Free Report) reported $2.5 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 215.3%. EPS of $2.19 for the same period compares to $1.50 a year ago.
The reported revenue represents a surprise of +24.54% over the Zacks Consensus Estimate of $2.01 billion. With the consensus EPS estimate being $1.93, the EPS surprise was +13.47%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how SM Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for SM Energy here>>>
Shares of SM Energy have returned +11.2% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.