For the quarter ended September 2026, SM Energy (SM Quick QuoteSM - Free Report) reported revenue of $2.17 billion, up 167.4% over the same period last year. EPS came in at $1.95, compared to $1.33 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.97 billion, representing a surprise of +10.24%. The company delivered an EPS surprise of -3.94%, with the consensus EPS estimate being $2.03.

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 - Equivalent: 433.1 millions of barrels of oil equivalent per day versus the six-analyst average estimate of 434.69 millions of barrels of oil equivalent per day.
• Average net daily production - Oil: 230.2 millions of barrels of oil per day versus 235.7 millions of barrels of oil per day estimated by six analysts on average.
• Average net daily production - Gas: 917 millions of cubic feet per day versus 891.47 millions of cubic feet per day estimated by five analysts on average.
• Average net daily production - NGLs: 50.1 millions of barrels of oil per day versus the five-analyst average estimate of 52.89 millions of barrels of oil per day.
• Realized sales price (including the effect of net derivative settlements) - Oil: $73.92 versus $74.67 estimated by two analysts on average.
• Realized sales price (including the effect of net derivative settlements) - Gas: $2.99 versus $2.49 estimated by two analysts on average.
• Net production volumes - Oil: 21.20 MBBL versus 21.63 MBBL estimated by two analysts on average.
• Net production volumes - Equivalent: 39.80 MBOE versus the two-analyst average estimate of 40.01 MBOE.
• Net production volumes - NGLs: 4.60 MBBL versus 4.48 MBBL estimated by two analysts on average.
• Realized sales price (before the effect of net derivative settlements) - Gas: $2.48 versus the two-analyst average estimate of $1.64.
• Realized sales price (before the effect of net derivative settlements) - Oil: $85.76 versus $85.80 estimated by two analysts on average.
• Net production volumes - Gas: 84.40 Bcf versus the two-analyst average estimate of 83.39 Bcf.

View all Key Company Metrics for SM Energy here>>>

Shares of SM Energy have returned +6.8% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.