Compared to Estimates, SM Energy (SM) Q4 Earnings: A Look at Key Metrics

Core Insights - SM Energy reported a revenue of $852.22 million for the quarter ended December 2024, marking a 40% increase year-over-year, with an EPS of $1.91 compared to $1.56 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate by 0.34%, while the EPS exceeded the consensus estimate by 2.69% [1] Financial Performance Metrics - Average daily production of total oil equivalent was 208 million barrels, slightly below the estimated 211.97 million barrels [4] - Average daily production of natural gas was 424.8 million cubic feet, slightly above the estimated 423.21 million cubic feet [4] - Average daily production of crude oil was 106.9 million barrels, below the estimated 110.16 million barrels [4] - Average daily production of NGLs was 30.3 million barrels, below the estimated 31.93 million barrels [4] Pricing and Revenue Analysis - Average realized price for crude oil was $70.54 per barrel, exceeding the estimate of $68.23 [4] - Average realized price for natural gas was $2.50 per thousand cubic feet, slightly above the estimate of $2.49 [4] - Operating revenue from crude oil production was $682.21 million, below the average estimate of $721.43 million, but showed a year-over-year increase of 45.1% [4] - Operating revenue from natural gas production was $85.49 million, slightly above the estimate of $85.11 million, with a year-over-year increase of 3.5% [4] - Operating revenue from NGL production was $68.16 million, exceeding the estimate of $61.85 million, representing a year-over-year increase of 26.4% [4] - Total operating revenue from oil, gas, and NGL production was $835.86 million, below the estimate of $868.38 million, but reflecting a year-over-year increase of 37.7% [4] - Other operating income was reported at $16.36 million, significantly above the estimate of $1.62 million, with a year-over-year increase of 775.5% [4] Stock Performance - SM Energy's shares have returned -14.8% over the past month, compared to a -1.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]