SM Energy Reports Q3 Revenue Beat Amid Non-GAAP EPS Miss
SM Energy (NYSE: SM) reported third-quarter financial results characterized by a significant year-over-year revenue surge to $2.16 billion, exceeding analyst expectations by $110 million. This represents a 166.1% increase compared to the same period last year. Despite the top-line strength, the company's Non-GAAP earnings per share (EPS) of $1.95 fell slightly short of estimates by $0.03. Looking ahead, SM Energy provided production guidance for the fourth quarter of 2026, forecasting between 435 and 445 MBoe/d, supported by an estimated capital expenditure of approximately $610 million.
Tickers: $SM
Topics: capital expenditure earnings miss production guidance revenue beat