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SM Energy Company Earnings Calls
| Release date | May 06, 2026 |
| EPS estimate | $1.13 |
| EPS actual | $1.55 |
| EPS Surprise | 37.17% |
| Revenue estimate | 1.418B |
| Revenue actual | 1.479B |
| Revenue Surprise | 4.29% |
| Release date | Feb 25, 2026 |
| EPS estimate | $0.83 |
| EPS actual | $0.83 |
| EPS Surprise | 0.242% |
| Revenue estimate | 764.555M |
| Revenue actual | 705M |
| Revenue Surprise | -7.79% |
| Release date | Nov 04, 2025 |
| EPS estimate | $1.25 |
| EPS actual | $1.33 |
| EPS Surprise | 6.40% |
| Revenue estimate | 833.683M |
| Revenue actual | 811.009M |
| Revenue Surprise | -2.72% |
| Release date | Jul 31, 2025 |
| EPS estimate | $1.25 |
| EPS actual | $1.50 |
| EPS Surprise | 20.00% |
| Revenue estimate | 824.224M |
| Revenue actual | 785.076M |
| Revenue Surprise | -4.75% |
Last 4 Quarters for SM Energy Company
Below you can see how SM performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 31, 2025 |
| Price on release | $27.59 |
| EPS estimate | $1.25 |
| EPS actual | $1.50 |
| EPS surprise | 20.00% |
| Date | Price |
|---|---|
| Jul 25, 2025 | $27.57 |
| Jul 28, 2025 | $28.76 |
| Jul 29, 2025 | $28.86 |
| Jul 30, 2025 | $27.71 |
| Jul 31, 2025 | $27.59 |
| Aug 01, 2025 | $26.66 |
| Aug 04, 2025 | $27.03 |
| Aug 05, 2025 | $27.41 |
| Aug 06, 2025 | $26.81 |
| 4 days before | 0.0725% |
| 4 days after | -2.83% |
| On release day | -3.37% |
| Change in period | -2.76% |
| Release date | Nov 04, 2025 |
| Price on release | $18.69 |
| EPS estimate | $1.25 |
| EPS actual | $1.33 |
| EPS surprise | 6.40% |
| Date | Price |
|---|---|
| Oct 29, 2025 | $20.62 |
| Oct 30, 2025 | $20.54 |
| Oct 31, 2025 | $20.89 |
| Nov 03, 2025 | $19.35 |
| Nov 04, 2025 | $18.69 |
| Nov 05, 2025 | $17.85 |
| Nov 06, 2025 | $17.91 |
| Nov 07, 2025 | $18.28 |
| Nov 10, 2025 | $18.44 |
| 4 days before | -9.36% |
| 4 days after | -1.36% |
| On release day | -4.49% |
| Change in period | -10.60% |
| Release date | Feb 25, 2026 |
| Price on release | $22.05 |
| EPS estimate | $0.83 |
| EPS actual | $0.83 |
| EPS surprise | 0.242% |
| Date | Price |
|---|---|
| Feb 19, 2026 | $23.48 |
| Feb 20, 2026 | $23.66 |
| Feb 23, 2026 | $22.75 |
| Feb 24, 2026 | $22.46 |
| Feb 25, 2026 | $22.05 |
| Feb 26, 2026 | $21.13 |
| Feb 27, 2026 | $23.13 |
| Mar 02, 2026 | $24.19 |
| Mar 03, 2026 | $24.09 |
| 4 days before | -6.09% |
| 4 days after | 9.25% |
| On release day | -4.17% |
| Change in period | 2.60% |
| Release date | May 06, 2026 |
| Price on release | $28.55 |
| EPS estimate | $1.13 |
| EPS actual | $1.55 |
| EPS surprise | 37.17% |
| Date | Price |
|---|---|
| Apr 30, 2026 | $31.03 |
| May 01, 2026 | $30.47 |
| May 04, 2026 | $31.38 |
| May 05, 2026 | $31.21 |
| May 06, 2026 | $28.55 |
| May 07, 2026 | $29.10 |
| May 08, 2026 | $29.44 |
| May 11, 2026 | $30.67 |
| May 12, 2026 | $31.35 |
| 4 days before | -7.99% |
| 4 days after | 9.81% |
| On release day | 1.93% |
| Change in period | 1.03% |
SM Energy Company Earnings Call Transcript Summary of Q1 2026
SM Energy closed the Civitas merger (Jan 30) and reported a strong Q1 2026: production beat the top end of guidance at ~371,000 BOE/d (190,000 bbl/d oil) while capital spending was below guidance ($672M). Management has captured ~ $300M of merger synergies to date and raised the full-year synergy target to $375M (present value ~ $1.8B). They raised 2026 production guidance (midpoint up to ~420,000 BOE/d and oil to ~225,000 bbl/d) while keeping full-year capex guidance unchanged ($2.65B–$2.85B). SM closed a South Texas divestiture (~$900M net proceeds) directed to debt reduction and has reduced absolute debt by ~ $700M since the merger, moving pro forma leverage into the low-1x area sooner than expected. Adjusted EBITDAX was $970M and adjusted net income was $309M ($1.55/sh); adjusted free cash flow was modest in Q1 ($20M) despite ~$180M of one-time integration costs, and management expects FCF to accelerate meaningfully through the year. Credit agencies have reacted positively (S&P/Fitch upgrades, Moody’s positive outlook). The company plans to begin share buybacks in Q2, intends to run a disciplined hedging program (roughly 50% of volumes on a rolling basis at current leverage), and emphasizes a multi-year view: 2026 focused on Integrate, Execute, Bolster, with 2027 expected to show the combined platform’s full earnings power.
