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SM Energy Co (SM) stock

SMNYSECrude Petroleum & Natural GasFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 13/3011% below fair value
$40.38+0.80 (+2.02%)

Close on Oct 30, 2026Market cap $9.60BP/E 7.9Yield 1.98%

Earnings

SM Energy's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Feb 24, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q2 FY2026
$2.50B
+215.3% on a year earlier
adjusted net income, Q2 FY2026
$2.19
$1.50 a year earlier
Latest guidance
Raised
Aug 5, 2026 · 29 items

Quarterly results

Revenue and earnings per share from each of SM Energy's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Dec 31, 2026Feb 24, 2027Expected–––––
Q3 FY2026ended Sep 30, 2026Oct 14, 2026after the close––––Filing
Q2 FY2026ended Jun 30, 2026Aug 5, 2026after the close$2.50B+215.3%$4.46$2.19Release
Q1 FY2026ended Mar 31, 2026May 6, 2026after the close$1.48B+75.1%-$1.68$1.55Release
Q4 FY2025ended Dec 31, 2025Feb 25, 2026after the close$705.00M–$0.95$0.83Release
Q3 FY2025ended Sep 30, 2025Nov 3, 2025before the open––––Release
Q2 FY2025ended Jun 30, 2025Jul 31, 2025after the close$792.94M+25.0%$1.76$1.50Release
Q1 FY2025ended Mar 31, 2025May 1, 2025after the close$844.54M+50.8%$1.59$1.76Release
Q4 FY2024ended Dec 31, 2024Feb 19, 2025after the close––$1.64$1.91Release
Q3 FY2024ended Sep 30, 2024Oct 31, 2024after the close$643.61M+0.4%$2.09$1.62Release
Q2 FY2024ended Jun 30, 2024Aug 7, 2024after the close$634.56M+15.2%$1.82$1.85Release
Q1 FY2024ended Mar 31, 2024May 2, 2024after the close$559.87M-2.4%$1.13$1.41Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

SM Energy's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Capital Expendituresnon-GAAPQ3 FY2026$740.00M – $790.00M–NewAug 5, 2026
Net Wells DrilledQ3 FY202655–NewAug 5, 2026
Net Wells Turned-In-LineQ3 FY202685–RaisedAug 5, 2026
Oil Production (MBbl/d)Q3 FY2026230 – 240–LoweredAug 5, 2026
Total Production (MBoe/d)Q3 FY2026430 – 440–RaisedAug 5, 2026
Total Production (MMBoe)Q3 FY202639.5 – 40.5–NewAug 5, 2026
Capital Expendituresnon-GAAPFY2026$2.65B – $2.85B$2.65B – $2.85BReaffirmedAug 5, 2026
DC&EFY2026$2.30B – $2.50B–NewMay 6, 2026
Ad Valorem TaxesFY20260.5–LoweredAug 5, 2026
Ad Valorem TaxesFY2026$1–LoweredMay 6, 2026
Avg. Well Cost ($/lateral ft)FY2026710–RaisedAug 5, 2026
Avg. Well Cost ($/lateral ft)FY2026$710–NewMay 6, 2026
Cash Taxes: $75–$80/Bbl (WTI)FY2026$20.00M – $30.00M$20.00MLoweredAug 5, 2026
DC&EFY2026$2.30B – $2.50B–RaisedAug 5, 2026
DD&AFY202614 – 15–RaisedAug 5, 2026
DD&AFY2026$13 – $15–RaisedMay 6, 2026
Exploration ExpenseFY2026$100.00M$100.00MRaisedAug 5, 2026
Facility, Land, and OtherFY2026$280.00M–LoweredAug 5, 2026
Lease Operating ExpenseFY20266.5 – 6.8–LoweredAug 5, 2026
Lease Operating ExpenseFY2026$7 – $7–LoweredMay 6, 2026
Net Wells DrilledFY2026245245LoweredAug 5, 2026
Net Wells Turned-In-LineFY2026295295RaisedAug 5, 2026
oilFY2026238–LoweredAug 5, 2026
Oil Production (MBbl/d)FY2026223 – 225222 – 228LoweredAug 5, 2026
One-Time Capital CostsFY2026$70.00M–LoweredAug 5, 2026
One-Time Integration & Transaction — CashFY2026$160.00M$150.00MLoweredAug 5, 2026
One-Time Integration & Transaction — Non-CashFY2026$20.00M$30.00MLoweredAug 5, 2026
productionFY2026435 – 440–RaisedAug 5, 2026
Production Taxes (% of oil, gas and NGL revenue)FY20266%5.5%RaisedAug 5, 2026
Recurring G&AFY2026$230.00M – $250.00M$280.00M – $300.00MRaisedAug 5, 2026
Total Production (MBoe/d)FY2026418 – 423410 – 430RaisedAug 5, 2026
Total Production (MMBoe)FY2026152.5 – 154.5150 – 157LoweredAug 5, 2026
TransportationFY20263.6 – 3.75–LoweredAug 5, 2026
TransportationFY2026$4 – $4–LoweredMay 6, 2026

Guidance history

Every forecast SM Energy put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Aug 5, 2026Capital ExpendituresFY2026$2.65B – $2.85BReaffirmed
Aug 5, 2026Capital ExpendituresQ3 FY2026$740.00M – $790.00MNew
Aug 5, 2026Net Wells DrilledQ3 FY202655New
Aug 5, 2026Net Wells Turned-In-LineQ3 FY202685Raised
Aug 5, 2026Total Production (MMBoe)Q3 FY202639.5 – 40.5New
Aug 5, 2026Total Production (MBoe/d)Q3 FY2026430 – 440Raised
Aug 5, 2026Oil Production (MBbl/d)Q3 FY2026230 – 240Lowered
Aug 5, 2026Net Wells DrilledFY2026245Lowered
Aug 5, 2026Net Wells Turned-In-LineFY2026295Raised
Aug 5, 2026Total Production (MMBoe)FY2026152.5 – 154.5Lowered
Aug 5, 2026Total Production (MBoe/d)FY2026418 – 423Raised
Aug 5, 2026Oil Production (MBbl/d)FY2026223 – 225Lowered
Aug 5, 2026Avg. Well Cost ($/lateral ft)FY2026710Raised
Aug 5, 2026Lease Operating ExpenseFY20266.5 – 6.8Lowered
Aug 5, 2026TransportationFY20263.6 – 3.75Lowered
Aug 5, 2026Ad Valorem TaxesFY20260.5Lowered
Aug 5, 2026DD&AFY202614 – 15Raised
Aug 5, 2026productionFY2026435 – 440Raised
Aug 5, 2026oilFY2026238Lowered
Aug 5, 2026Production Taxes (% of oil, gas and NGL revenue)FY20266%Raised

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases SM Energy filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
  2. Results
  3. Results
  4. Update
  5. Update
  6. Update
  7. News
  8. News
  9. News
  10. News
  11. Results
  12. Results
  13. Update
  14. Update
  15. Update