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Recap: SM Energy Q3 Earnings

Benzinga Insights
·1 min read

Shares of SM Energy (NYSE:SM) rose 6% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 54.55% over the past year to ($0.05), which beat the estimate of ($0.28).

Revenue of $281,015,000 declined by 28.00% year over year, which missed the estimate of $309,910,000.

Outlook

SM Energy hasn't issued any earnings guidance for the time being.

View more earnings on SM

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

Company's 52-week high was at $12.40

Company's 52-week low was at $0.90

Price action over last quarter: down 49.83%

Company Profile

SM Energy is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.

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