SM Energy (NYSE:SM) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Posted by Brenda Bartman on Nov 3rd, 2026

SM Energy (NYSE:SM – Get Free Report) issued its earnings results on Tuesday. The energy company reported $1.95 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.06), FiscalAI reports. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.04 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.

SM Energy Trading Down 2.0%

Shares of SM Energy stock traded down $0.73 during mid-day trading on Tuesday, hitting $36.71. The stock had a trading volume of 2,983,853 shares, compared to its average volume of 4,790,915. The firm has a 50-day moving average of $37.15 and a two-hundred day moving average of $30.31. The firm has a market cap of $8.73 billion, a P/E ratio of 7.23 and a beta of 0.95. 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 12-month low of $17.45 and a 12-month high of $41.56.

SM Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Monday, September 7th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 2.4%. SM Energy’s dividend payout ratio is 17.32%.

Analyst Upgrades and Downgrades

SM has been the subject of several recent research reports. Weiss Ratings raised SM Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 16th. KeyCorp upped their target price on SM Energy from $39.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, September 15th. Susquehanna raised their target price on SM Energy from $32.00 to $44.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 20th. Zacks Research upgraded SM Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Finally, Wall Street Zen upgraded SM Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, SM Energy presently has a consensus rating of “Moderate Buy” and an average price target of $40.59.

Check Out Our Latest Report on SM Energy

Insider Activity at SM Energy

In related news, Director Ashwin Venkatraman sold 3,650 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $38.28, for a total value of $139,722.00. Following the completion of the transaction, the director directly owned 12,525 shares in the company, valued at approximately $479,457. This represents a 22.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James Barker Lebeck sold 17,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 14,705 shares of the company’s stock, valued at $544,379.10. The trade was a 54.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.45% of the stock is currently owned by insiders.

About SM Energy

(Get Free Report)

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.