Core Viewpoint - SM Energy is expected to show significant earnings growth in its upcoming release, with a projected EPS of $1.93, reflecting a 23.72% increase year-over-year, and a revenue forecast of $868.32 million, indicating a 42.64% rise compared to the same quarter last year [2]. Company Performance - SM Energy's stock closed at $39.61, down 1.1% from the previous session, underperforming the S&P 500's daily gain of 0.53% [1]. - Over the past month, SM Energy shares have appreciated by 3.33%, which is below the Oils-Energy sector's gain of 5.88% but above the S&P 500's gain of 1.24% [1]. Analyst Forecasts - Recent revisions to analyst forecasts for SM Energy are being closely monitored, as positive changes in estimates indicate optimism regarding the company's business and profitability [3]. - The Zacks Consensus EPS estimate for SM Energy has increased by 12.09% over the past month, reflecting positive sentiment among analysts [5]. Valuation Metrics - SM Energy is currently trading at a Forward P/E ratio of 4.95, which is a discount compared to the industry average Forward P/E of 9.39 [6]. - The Oil and Gas - Exploration and Production - United States industry, to which SM Energy belongs, holds a Zacks Industry Rank of 57, placing it in the top 23% of over 250 industries [6]. Zacks Rank System - SM Energy currently holds a Zacks Rank of 1 (Strong Buy), which has historically generated an average annual return of +25% since 1988 [5].

Core Insights - The article introduces a new contributing analyst to Seeking Alpha, emphasizing the opportunity for individuals to share investment ideas and get published [1] Group 1 - The focus is on long-term and medium-term value investing, targeting companies with strong fundamentals across various sectors [2] - The analyst has passed CFA Level 1 and has prior experience as an equity research intern, indicating a foundation in financial analysis [2] Group 2 - The article clarifies that the analyst has no current stock or derivative positions in any mentioned companies, ensuring objectivity in the analysis [3] - Seeking Alpha's disclosure highlights that past performance does not guarantee future results, and no specific investment recommendations are provided [4]

Core Viewpoint - SM Energy (SM) shows potential as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating an improving earnings outlook [1][2] Estimate Revisions - The trend of increasing estimate revisions reflects growing analyst optimism regarding SM Energy's earnings prospects, which is expected to positively influence its stock price [2] - For the current quarter, SM Energy is projected to earn $1.93 per share, marking a year-over-year increase of +23.72%, with the Zacks Consensus Estimate rising by 13.23% over the last 30 days [4] - For the full year, the expected earnings per share is $6.78, representing a year-over-year change of +15.11%, with a consensus estimate increase of 12.09% despite some negative revisions [5] Zacks Rank - SM Energy currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts on the upward revision of earnings estimates, which historically correlates with stock outperformance [3][6] - Stocks with a Zacks Rank 1 and 2 have shown significant outperformance compared to the S&P 500, suggesting a favorable investment environment for SM Energy [6] Investment Outlook - The stock has appreciated by 6% over the past four weeks due to strong estimate revisions, and further upside potential remains, making it a candidate for portfolio inclusion [7]

In the latest trading session, SM Energy (SM) closed at $44.12, marking a -1.28% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.21%. On the other hand, the Dow registered a loss of 0.16%, and the technology-centric Nasdaq decreased by 0.89%.Prior to today's trading, shares of the independent oil and gas company had gained 20.3% over the past month. This has outpaced the Oils-Energy sector's loss of 6.25% and the S&P 500's loss of 1.56% in that time.Investors will ...

SM Energy (SM) closed the most recent trading day at $37.68, moving +0.37% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.04%. Meanwhile, the Dow experienced a rise of 0.07%, and the technology-dominated Nasdaq saw a decrease of 0.05%.Heading into today, shares of the independent oil and gas company had lost 16.26% over the past month, lagging the Oils-Energy sector's loss of 8.03% and the S&P 500's gain of 1.05% in that time.The investment community will be paying close ...

DENVER, Dec. 2, 2024 /PRNewswire/ -- SM Energy Company (NYSE: SM) today announced that Dr. Ashwin Venkatraman has been appointed to serve as an independent director and as a member of the Audit Committee of the Board of Directors (the "Board").Chairman of the Board Julio Quintana comments: "We are very pleased to have Ashwin join the SM Energy Board where he will bring an extensive academic background and business experience in technology, artificial intelligence and engineering specific to the oil and gas ...

We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.SM Energy (NYSE: SM ) delivered relatively strong Q3 2024 results , with production 3% above the midpoint of its guidance and capex below guidance. It is still in the process of integrating its Uinta Basin acquisitio ...

SM Energy Company (SM) reported third-quarter 2024 adjusted earnings of $1.62 per share, which surpassed the Zacks Consensus Estimate of $1.52. The bottom line, however, decreased from the year-ago quarter’s figure of $1.73.Total quarterly revenues of $644 million increased from $641 million in the year-ago quarter but missed the Zacks Consensus Estimate of $651 million.The better-than-expected quarterly earnings can be attributed to increased oil equivalent production volumes, offset partially by lower ave ...

Financial Performance - Total operating revenues for Q3 2024 reached $643.6 million, a slight increase from $640.9 million in Q3 2023[8] - Net income for Q3 2024 was $240.5 million, compared to $222.3 million in Q3 2023, representing an increase of approximately 8.1%[10] - Basic net income per common share for Q3 2024 was $2.10, up from $1.89 in Q3 2023[8] - The company reported a total comprehensive income of $240.6 million for Q3 2024, compared to $222.4 million in Q3 2023[10] - Net income for the nine months ended September 30, 2024, was $582,015,000, compared to $570,769,000 for the same period in 2023, representing an increase of about 2.2%[17] - Net cash provided by operating activities for the nine months ended September 30, 2024, was $1,204,645,000, up from $1,097,879,000 in 2023, indicating a growth of approximately 9.7%[17] Revenue and Production - Oil, gas, and NGL production revenue for the nine months ended September 30, 2024, was $1.84 billion, up from $1.76 billion in the same period of 2023[8] - For the nine months ended September 30, 2024, total production revenue was $1,835.4 million, an increase from $1,757.0 million in 2023, representing a growth of 4.4%[30] - Oil production revenue for the nine months ended September 30, 2024, was $1,505.3 million, up from $1,343.5 million in 2023, reflecting a year-over-year increase of 12.0%[30] - The company recognized total oil production revenue of $1,097.9 million for the nine months ended September 30, 2024, compared to $992.9 million in 2023, marking an increase of 10.6%[30] - Gas production revenue for the nine months ended September 30, 2024, was $163.6 million, down from $245.3 million in 2023, reflecting a decrease of 33.3%[30] Assets and Liabilities - Total current assets increased to $2.04 billion as of September 30, 2024, compared to $916.4 million at the end of 2023[7] - Proved oil and gas properties increased to $12.50 billion as of September 30, 2024, from $11.48 billion at the end of 2023[7] - Total liabilities increased to $3.39 billion as of September 30, 2024, compared to $2.13 billion at the end of 2023[7] - As of September 30, 2024, total stockholders' equity increased to $4,061,546,000 from $3,615,850,000 as of December 31, 2023, reflecting a growth of approximately 12.3%[12] Dividends and Share Repurchase - The company declared net dividends of $0.20 per common share in Q3 2024, compared to $0.15 in Q3 2023[8] - The company declared net cash dividends of $0.20 per share for the quarter ended June 30, 2024, up from $0.18 per share in the previous quarter[12] - The company repurchased shares under the Stock Repurchase Program, totaling $51,711,000 for the quarter ended June 30, 2024[12] - The total number of common shares outstanding decreased from 115,745,393 on December 31, 2023, to 114,418,413 on September 30, 2024[12] - The company has re-authorized a stock repurchase program allowing for the repurchase of up to $500.0 million of its common stock through December 31, 2027[32] Capital Expenditures and Investments - Capital expenditures for the nine months ended September 30, 2024, totaled $957,156,000, compared to $766,756,000 in 2023, marking an increase of about 24.8%[17] - The company completed the acquisition of an undivided 80 percent interest in Uinta Basin oil and gas assets for approximately $2.1 billion, with $1.9 billion paid in cash[91][92] - The company acquired approximately 20,000 net acres of oil and gas properties in Texas for $88.9 million during the nine months ended September 30, 2023[93] - The company has a cash deposit of $102.0 million held in escrow related to the XCL Acquisition Agreement[89] - The company plans to account for the Uinta Basin Acquisition as an asset acquisition, with final purchase accounting expected to be completed in the first quarter of 2025[92] Tax and Interest - The effective tax rate for the three months ended September 30, 2024, was 19.2%, compared to 26.1% for the same period in 2023[36] - The provision for income tax expense for the nine months ended September 30, 2024, was $(142,786) thousand, compared to $(51,619) thousand for the same period in 2023[36] - The company incurred cash paid for interest of $83.1 million for the nine months ended September 30, 2024, compared to $77.5 million in 2023, indicating an increase of 7.0%[29] Derivative Contracts and Risk Management - The fair value of the Company's commodity derivative contracts was a net asset of $81.0 million as of September 30, 2024, compared to $57.1 million as of December 31, 2023[65] - The company entered into NYMEX WTI price swap contracts for 1.9 MMBbl of oil production at a weighted-average contract price of $71.72 per Bbl for the first through third quarters of 2025[64] - The company has entered into fixed price oil and gas basis swaps to mitigate exposure to adverse pricing differentials[60] Compensation and Stock Plans - The company recorded total compensation expense for Performance Share Units (PSUs) of $1.1 million for the three months ended September 30, 2024, compared to $1.0 million in 2023[82] - Total compensation expense for Restricted Stock Units (RSUs) was $4.5 million for the three months ended September 30, 2024, compared to $4.1 million in 2023[85] - As of September 30, 2024, there was $33.8 million of total unrecognized compensation expense related to non-vested RSUs, which is being amortized through mid-2027[85] - The company granted a total of 490,481 RSUs with a grant date fair value of $21.3 million during the nine months ended September 30, 2024[84] Future Outlook and Plans - The company has plans for future capital expenditures and potential acquisitions, as indicated in their forward-looking statements[5] - The company expects to include disclosures related to the Uinta Basin Acquisition in its 2024 Annual Report on Form 10-K[92] - The company expects to meet its drilling and completion obligations under the agreement related to the Uinta Basin Acquisition[56]

SM Energy (SM) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $1.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.58%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $1.57 per share when it actually produced earnings of $1.85, delivering a surprise of 17.83%.Over the last four quarter ...