SM Energy Beats on Q3 Earnings, Announces Merger With Civitas

Key Takeaways SM Energy posted Q3 adjusted earnings of $1.33 per share, topping the consensus estimate.Higher oil equivalent output, led by Uinta Basin gains, drove stronger quarterly earnings.SM Energy announced a $12.8B all-stock merger with Civitas Resources to enhance its asset portfolio. SM Energy Company (SM) reported third-quarter 2025 adjusted earnings of $1.33 per share, which surpassed the Zacks Consensus Estimate of $1.25. The bottom line, however, declined from the year-ago quarter’s figure of $ ...