SM

DENVER, July 8, 2026 /PRNewswire/ -- SM Energy Company (the "Company" or "SM") (NYSE: SM) today announced that it plans to release second quarter 2026 financial and operating results after market close on August 5, 2026. The Company will hold a conference call to discuss results on August 6, 2026, at 8:00 a.m. MT (10:00 a.m. ET). To join the live conference call, register at: SM Energy 2Q 2026 Earnings Call Registration. Dial-in for domestic toll-free/international is 877-407-6050 / +1 201-689-8022. To access the live webcast and view the related earnings presentation, visit the Company's website at www.sm-energy.com/investors. The replay will also be available on the Company's website under the "Investor Relations" section. About SM Energy Company SM is a premier, scaled operator of top-tier oil and gas assets across four leading U.S. shale basins: the Permian Basin, DJ Basin, South Texas, and Uinta Basin. SM is focused on operational excellence, disciplined capital allocation, and delivering growing returns to stockholders. SM routinely posts important information about the Company on its website. For more information, visit www.sm-energy.com. Investor Relations Megan Hays, Vice President, Investor Relations, [email protected] Dack, Director, Investor Relations, [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/sm-energy-schedules-second-quarter-2026-conference-call-for-august-6-2026-302821168.html

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering SM Energy (SM), which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry. This independent oil and gas company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 16.93%. For the last reported quarter, SM Energy came out with earnings of $1.55 per share versus the Zacks Consensus Estimate of $1.29 per share, representing a surprise of 20.16%. For the previous quarter, the company was expected to post earnings of $0.73 per share and it actually produced earnings of $0.83 per share, delivering a surprise of 13.70%. For SM Energy, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. SM Energy currently has an Earnings ESP of +4.43%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss. Many companies end up beating the consensus EPS estimate, but that may not...

It has been about a month since the last earnings report for SM Energy (SM). Shares have added about 16.7% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is SM Energy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers. SM Energy reported first-quarter 2026 adjusted earnings of $1.55 per share, which topped the Zacks Consensus Estimate of $1.29 by 20.16%. The figure declined 11.9% from the year-ago quarter’s $1.76. Total revenues of $1.48 billion increased 75% year over year and beat the consensus mark of $1.44 billion by 2.99%. The quarter reflected SM’s first full reporting period after the Civitas merger, with average net daily production of 371.2 thousand barrels of oil equivalent per day (MBoe/d) providing a larger base for cash generation alongside cost and capital efficiency improvements. Better-than-expected quarterly results can be attributed to the increase in oil-equivalent production volumes. Management framed 2026 around “Integrate, Execute and Bolster,” and the early integration cadence is translating into a higher synergy outlook. SM raised its annualized run-rate synergy target to $375 million, with about $300 million already actioned. The updated synergy plan spans interest savings, overhead and operational efficiencies. Interest savings are now targeted at $75 million, with full actioning achieved. Meanwhile, overhead and G&A synergies were lifted to $100 million, with most of the organizational structure already in place. The remaining upside is concentrated in drilling, completions and operations. The new $200 million target reflects changes such as completion design optimization, simul-frac adoption in the DJ Basin and broader procurement and scheduling leverage. Beyond scale, the merged portfolio is showing how basin diversity can influence realized pricing and margins. In the quarter, SM’s total production mix was 51% oil and the overall realized price averaged $44.22 per Boe before hedges. The average net daily production was up 88% compared to the prior-year quarter. Realizations varied by commodity and basin, underscoring the value of market optionality. SM’s realized oil price (before the effect of de...

Image source: The Motley Fool. Feb. 26, 2026 10 a.m. ET President and Chief Executive Officer — Elizabeth McDonald Executive Vice President and Chief Financial Officer — A. Pursell Need a quote from a Motley Fool analyst? Email [email protected] Elizabeth McDonald: Thanks, Pat, and good morning, everyone. It's an exciting day as we provide our first release of the new SM Energy. 2025 was a pivotal year for our company, and it set the stage for 2026 in this transformational moment. We improved on every part of our investment thesis, including returns to stockholders, operational execution, financial strength and increasing the scale and quality of our portfolio. With the full details in our posted materials, I will quickly hit some highlights from 2025. We delivered record operating cash flow, adjusted EBITDAX, production and oil volumes. Importantly, oil was 53% of the total. Our teams found new ways to rapidly apply best practices and increase operational efficiencies through longer laterals and development of deeper zones. We integrated our oil-weighted Uinta assets. Since late 2024, we have applied our proven technical capabilities to unlock greater value from this high-quality oil basin and its multiple stack pays. We strengthened our financial position by reducing net debt by $437 million, ending the year at roughly 1x leverage. As a result, we returned capital to stockholders distributing $104 million through dividends and share repurchases. Lastly, we expanded our scale and inventory across the top U.S. basins through organic reserve growth and our announced merger with Civitas. Now let's turn to 2026. We have 3 strategic objectives that you will continue to hear throughout the year: integrate, execute, bolster. First, Integrate. We are focused on integrating Civitas and capturing $200 million to $300 million in synergies. To date, we have already actioned $185 million of our target, which is close to $1 billion in present value and just under 20% of our market cap. Total synergies could unlock up to $1.5 billion in present value or nearly 30% of our market cap. Next, Execute. Our plan maximize sustainable free cash flow. By investing in our high-return opportunities, we can continue to strengthen the balance sheet while accelerating the return of capital to stockholders. We will execute with a safety-first mindset and seek new ways to efficiently develop o...

Image source: The Motley Fool. Thursday, May 7, 2026 at 10 a.m. ET Chief Executive Officer — Elizabeth McDonald Executive Vice President & Chief Financial Officer — A. Pursell Chief Operating Officer — Blake McKenna Senior Vice President, Investor Relations — Megan Hays Need a quote from a Motley Fool analyst? Email [email protected] Elizabeth McDonald: Thanks, Megan. Good morning, everyone. The first quarter validates what we've set out to build with the new SM. We closed the Civitas merger on January 30 and, in just 2 months of operating as a combined company, we delivered production over the top end of the guidance, capital below guidance and synergy capture that is tracking nearly 2x our original target. That doesn't happen without an exceptional team. So let me tell you what we built SM to do. We have been deliberate and disciplined in assembling this platform. And today, SM is better positioned than at any point in our history. We have scale across 4 premier basins, a high-quality inventory that spans multiple years of high-return development and a team that has proven it can execute. That platform exists for one purpose: to put capital to work in the highest-returning opportunities available and with the technical and operational excellence SM is known for. Execution compounds value for stockholders over time. This is our North Star, and it drives and guides every decision we make. Our 2026 plan is clear: Integrate, Execute, Bolster. Integrate relates to the synergies that make us more efficient. Execute means operational excellence across every basin. And Bolster means strengthening our financial position and leaning into the evolution of our stockholder return framework. After 100 days into the Civitas integration, I can tell you we are executing ahead of plan on all 3 fronts. Our first quarter results are proof positive and allow us to strengthen our full year outlook. On Integrate, we've actioned approximately $300 million in merger synergies, and we have raised our target to $375 million by year-end 2026. That is nearly 2x our original target with a present value of approximately $1.8 billion, up from our prior estimate of $1 billion to $1.5 billion, further evidence that the organizational capability we brought to this merger is real. On Execute, we delivered higher production for less capital. Production was above expectations at 371,000 barrels of o...

DENVER, May 26, 2026 /PRNewswire/ -- SM Energy Company (the "Company" or "SM") (NYSE: SM) today announced that its Board of Directors approved the quarterly cash dividend of $0.22 per share of common stock outstanding. The dividend will be paid on June 22, 2026, to stockholders of record as of the close of business on June 8, 2026. About SM Energy Company SM is a premier, scaled operator of top-tier oil and gas assets across four leading U.S. shale basins: the Permian Basin, DJ Basin, South Texas, and Uinta Basin. SM is focused on operational excellence, disciplined capital allocation, and delivering growing returns to stockholders. SM routinely posts important information about the Company on its website. For more information, visit www.sm-energy.com. Investor Relations Megan Hays, Vice President, Investor Relations, [email protected] Dack, Director, Investor Relations, [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/sm-energy-declares-quarterly-cash-dividend-302782174.html

SM Energy's first quarter performance outpaced Wall Street’s expectations, underpinned by a surge in oil production following its recent merger with Civitas. Management credited the strong start to successful operational integration, improved well productivity, and early realization of cost synergies. CEO Elizabeth McDonald highlighted, “We delivered production over the top end of guidance, capital below guidance and synergy capture that is tracking nearly 2x our original target.” Despite these achievements, operating margins declined sharply, reflecting the impact of merger-related costs and commodity hedging. Is now the time to buy SM? Find out in our full research report (it’s free). Revenue: $1.48 billion vs analyst estimates of $1.40 billion (75.1% year-on-year growth, 5.8% beat) Adjusted EPS: $1.55 vs analyst estimates of $1.13 (37.8% beat) Adjusted EBITDA: $944 million vs analyst estimates of $899.6 million (63.8% margin, 4.9% beat) Operating Margin: -20.1%, down from 32.7% in the same quarter last year Oil production per day: up 83.5% year on year Market Capitalization: $7.52 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Zachary Parham (JPMorgan): Asked about the potential for increased activity if oil prices remain high. CEO Elizabeth McDonald responded that 2026 priorities remain unchanged, citing a preference to return capital over adding near-term activity. Phu Pham (ROTH Capital Partners): Inquired about well productivity and costs in the Uinta Basin. COO Blake McKenna explained that recent results were strong and the area benefits from integrated operations and new technology deployment. Gabe Daoud (Truist): Questioned the company’s confidence in U-turn wells in the Permian and technical differentiation in Howard County. McKenna described recent success with these well types and ongoing efforts to access challenging acreage. Jack Kindregan (BMO Capital Markets): Sought clarity on inventory runway and how higher oil prices affect resource economics. McDonald noted that higher prices extend economic inventory, with technical teams continuing to identify new opportunities. Michael Scialla (Steph...

SM Energy (SM) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. Analysts' growing optimism on the earnings prospects of this independent oil and gas company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For SM Energy, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: The company is expected to earn $1.83 per share for the current quarter, which represents a year-over-year change of +22.0%. Over the last 30 days, the Zacks Consensus Estimate for SM Energy has increased 8.67% because two estimates have moved higher while two have gone lower. For the full year, the earnings estimate of $6.86 per share represents a change of +26.6% from the year-ago number. The revisions trend for the current year also appears quite promising for SM Energy, with four estimates moving higher over the past month compared to one negative revision. The consensus estimate has also received a boost over this time frame, increasing 8.34%. Thanks to promising estimate revisions, SM Energy currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. Investors have been betting on SM Energy because of its solid estimate revisions, as evident from the stock...

SM Energy Company SM reported first-quarter 2026 adjusted earnings of $1.55 per share, which topped the Zacks Consensus Estimate of $1.29 by 20.16%. The figure declined 11.9% from the year-ago quarter’s $1.76. Total revenues of $1.48 billion increased 75% year over year and beat the consensus mark of $1.44 billion by 2.99%. The quarter reflected SM’s first full reporting period after the Civitas merger, with average net daily production of 371.2 thousand barrels of oil equivalent per day (MBoe/d) providing a larger base for cash generation alongside cost and capital efficiency improvements. Better-than-expected quarterly results can be attributed to the increase in oil-equivalent production volumes. However, higher operating expenses partially offset the positives. SM Energy Company price-consensus-eps-surprise-chart | SM Energy Company Quote Management framed 2026 around “Integrate, Execute and Bolster,” and the early integration cadence is translating into a higher synergy outlook. SM raised its annualized run-rate synergy target to $375 million, with about $300 million already actioned. The updated synergy plan spans interest savings, overhead and operational efficiencies. Interest savings are now targeted at $75 million, with full actioning achieved. Meanwhile, overhead and G&A synergies were lifted to $100 million, with most of the organizational structure already in place. The remaining upside is concentrated in drilling, completions and operations. The new $200 million target reflects changes such as completion design optimization, simul-frac adoption in the DJ Basin and broader procurement and scheduling leverage. Beyond scale, the merged portfolio is showing how basin diversity can influence realized pricing and margins. In the quarter, SM’s total production mix was 51% oil and the overall realized price averaged $44.22 per Boe before hedges. The average net daily oil-equivalent production was up 88% compared to the prior-year quarter. Realizations varied by commodity and basin, underscoring the value of market optionality. SM’s realized oil price (before the effect of derivatives) averaged $73.69 per barrel, compared with $70.56 in the year-ago quarter. The realized natural gas was $1.72 per thousand cubic feet (Mcf) and NGLs were $21.58 per barrel, lower than $3.30 per Mcf and $25.86 per barrel, respectively, in the first quarter of 2025. Unit ope...

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. SM Energy (SM) just posted first quarter 2026 results that combined higher production, merger synergies and a headline GAAP net loss, while also tightening its balance sheet and outlining new capital return plans. See our latest analysis for SM Energy. SM Energy’s recent earnings beat and updated capital return plans come after a strong run, with a 52.12% year to date share price return and a 95.64% five year total shareholder return. However, the 30 day share price return decline of 7.18% suggests some momentum may be cooling in the short term. If this kind of earnings driven story has your attention, it can be useful to see what else is moving in related areas by checking out 91 nuclear energy infrastructure stocks With SM Energy trading at $29.10, showing an intrinsic discount flag and a 29% gap to the average analyst target, the key question is whether recent momentum and merger progress indicate a genuine value gap or if markets already reflect expectations for future growth. The most followed narrative puts SM Energy’s fair value at $28.82, just below the last close at $29.10. This frames the current price as slightly rich on that view while still within touching distance of the modelled value. Read the complete narrative. Curious what justifies paying close to this modelled value for an oil and gas producer that has seen earnings move around. The narrative leans heavily on faster top line growth, a reset margin profile and a richer future earnings multiple to support that fair value. Result: Fair Value of $28.82 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this hinges on Uinta keeping production and well results on track, and on concentrated shale exposure not leading to volatile earnings if regional issues occur. Find out about the key risks to this SM Energy narrative. While the popular narrative sees SM Energy as 1% overvalued at $28.82, the SWS DCF model paints a very different picture. On that view, the stock trades at $29.10 versus an estimated fair value of $132.84, which flags a very large potential upside gap. The real question is which framework you trust more when cash flows and multiples disagree this much. Look into how the SWS DCF model arri...

Accelerated synergies and higher production drive enhanced full-year outlook Company reaffirms full-year capital expenditure plan DENVER, May 6, 2026 /PRNewswire/ -- SM Energy Company (the "Company" or "SM") (NYSE: SM) today reported financial and operating results for the first quarter 2026. Accompanying slides can be found on the Company's website at https://www.sm-energy.com/investors/news-events/presentations. A conference call is scheduled for 8 a.m. MT/10 a.m. ET on May 7, 2026. Participation details are included in this release. SM enters 2026 transformed into a scaled, multi-basin operator with a high-quality oil portfolio built to deliver differentiated returns to stockholders. With the Civitas Resources, Inc. ("Civitas") merger (the "Merger") closed on January 30, 2026, SM's focus is squarely on three strategic priorities: Integrate, Execute, and Bolster. First quarter 2026 performance against each of these priorities is summarized in the highlights below. First Quarter 2026 Highlights Integrate – Raised total synergy target to $375 million in annualized run-rate savings – up from the initial $200–$300 million target – with approximately $300 million actioned to date. Execute – Average net daily production totaled 371.2 MBoe/d, including 190.3 MBbl/d of oil, compared to mid-point guidance of 350 MBoe/d (182 MBbl/d of oil). Strong first quarter results led to a raise in full-year 2026 production guidance to 410–430 MBoe/d (222–228 MBbl/d of oil), compared to previous guidance of 400–420 MBoe/d (216–226 MBbl/d of oil). Reflecting strong first quarter execution, SM increased its second-half 2026 average production run rate to approximately 430 MBoe/d, including approximately 238 MBbl/d of oil. Maintained full-year 2026 capital expenditure guidance of $2.65–$2.85 billion. Net loss was $1.68 per diluted share, primarily related to a non-cash mark-to-market loss on the Company's commodity derivatives at period end due to a sharp rise in forward oil prices; adjusted net income1 was $1.55 per diluted share. Generated operating cash flow of $640 million, or $692 million before net change in working capital, including certain long-term prepayments.1 Capital expenditures totaled $555 million, or $672 million before changes in accruals.1 Delivered adjusted free cash flow1 of $20 million after one-time integration and transactions costs and one-time capital cos...

SM Energy (SM) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.76 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +20.53%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.73 per share when it actually produced earnings of $0.83, delivering a surprise of +13.7%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. SM Energy, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $1.48 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.96%. This compares to year-ago revenues of $844.54 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. SM Energy shares have added about 66.9% since the beginning of the year versus the S&P 500's gain of 6%. While SM Energy has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for SM Energy was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete...