SM Energy: Fourth Quarter Financial Overview

SM Energy Announces Fourth Quarter Financial Results

SM Energy Co., headquartered in Denver, revealed on Wednesday that it achieved a net profit of $109 million for the fourth quarter.

The company reported earnings of $0.95 per share, with adjusted earnings—excluding one-time items—coming in at $0.83 per share.

These figures surpassed the expectations of Wall Street analysts, who, according to a Zacks Investment Research survey of four experts, had anticipated earnings of $0.73 per share.

During the quarter, the independent oil and gas producer generated $705 million in revenue, which was below the $765.6 million forecasted by three analysts polled by Zacks.

For the full year, SM Energy posted a total profit of $648 million, translating to $5.64 per share, and reported annual revenue of $3.15 billion.

Financial data for this article was sourced from Zacks Investment Research and compiled by Automated Insights.