SM Energy (NYSE:SM) Issues Earnings Results

SM Energy (NYSE:SM) announced its earnings results on Tuesday. The energy company reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.06), FiscalAI reports. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the firm earned $1.33 EPS. The firm’s revenue for the quarter was up 167.2% compared to the same quarter last year.

SM Energy Price Performance

SM Energy stock opened at $36.71 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. SM Energy has a 52-week low of $17.45 and a 52-week high of $41.56. The firm has a market cap of $8.73 billion, a PE ratio of 7.23 and a beta of 0.80. The company’s 50 day moving average is $37.15 and its two-hundred day moving average is $30.40.

SM Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Monday, September 7th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 2.4%. SM Energy’s dividend payout ratio is 17.32%.

More SM Energy News

Here are the key news stories impacting SM Energy this week:

• Positive Sentiment: Revenue rose about 167% year over year to $2.16 billion, topping analyst estimates of $2.04 billion. Operating cash flow was $1.1 billion, and the company said merger synergies reached $400 million. SM Energy Reports Third Quarter 2026 Results SM Energy Q3 cash flow more than doubles as merger synergies hit $400 million
• Positive Sentiment: Cash generation funded $417 million of debt redemption and $133 million returned to stockholders, supporting balance-sheet improvement and shareholder distributions. SM Energy Reports Third Quarter 2026 Results
• Negative Sentiment: Adjusted earnings were $1.95 per share, below consensus estimates of roughly $2.01–$2.03, although above $1.33 a year earlier. The miss could weigh on sentiment despite the revenue beat. SM Energy Q3 Earnings Lag Estimates
• Negative Sentiment: One recent article questions whether SM remains a bargain after a 103% rally, raising the possibility that some positive expectations are already reflected in the shares. Can SM Energy Still Be A Bargain After A 103% Run?

Insider Buying and Selling at SM Energy

In other SM Energy news, Director Ashwin Venkatraman sold 3,650 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $38.28, for a total value of $139,722.00. Following the completion of the transaction, the director owned 12,525 shares in the company, valued at $479,457. The trade was a 22.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP James Barker Lebeck sold 17,500 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $37.02, for a total value of $647,850.00. Following the sale, the executive vice president directly owned 14,705 shares in the company, valued at $544,379.10. This represents a 54.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on SM shares. KeyCorp raised their price target on SM Energy from $39.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 15th. Wells Fargo & Company upgraded SM Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $32.00 to $47.00 in a report on Thursday, August 13th. Weiss Ratings raised SM Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 16th. Seaport Research Partners assumed coverage on SM Energy in a research note on Thursday, September 3rd. They set a “sell” rating and a $35.00 target price on the stock. Finally, Wall Street Zen upgraded SM Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, SM Energy has an average rating of “Moderate Buy” and a consensus price target of $40.59.

About SM Energy

SM Energy Company is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its activities include acquiring prospective acreage, drilling and completing wells, and managing producing properties in U.S. onshore oil and gas basins.

The company’s operations are primarily concentrated in Texas, including the Midland Basin in West Texas and the Eagle Ford shale region in South Texas. SM Energy focuses on development of unconventional resources and uses horizontal drilling and hydraulic fracturing technologies to produce hydrocarbons from shale and other tight-rock formations.

Founded in 1908 as St.