SM Energy Q3 Earnings Beat Estimates on Higher Oil Production

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 ...