The earnings call reflects a strong performance with record production and financial beats, successful integration of Uinta Basin assets, and notable technological advancements. However, there are challenges relating to commodity price volatility and higher transportation costs.

Company Guidance -

Q3 2025

During SM Energy's second quarter 2025 webcast, the company provided several key metrics and guidance updates. They reported record production volumes totaling 209,000 barrels of oil equivalent per day, surpassing the guidance midpoint by 5% due to strong asset performance, particularly in the Uinta Basin. The company achieved a cash balance of over $100 million and aims to reach a leverage target of 1x by year-end. The financial results included beats on adjusted net income, adjusted EBITDAX, and adjusted free cash flow. SM Energy anticipates full-year production of 200,000 to 215,000 BOE per day, with oil comprising 53% to 54% of production. Capital expenditures for 2025 are updated to approximately $1.375 billion, with expectations to drill 115 net wells. The company also reduced expected cash taxes to approximately $10 million for 2025 following the One Big Beautiful Bill Act. For the third quarter, production is expected to be between 209,000 and 215,000 BOE per day, with capital expenditures ranging from $300 million to $320 million. The company plans to discuss 2026 strategies early next year, focusing on operational excellence and capital efficiency.

Record Production Volumes

Record production volumes totaled 209,000 barrels of oil equivalent per day, exceeding the midpoint of guidance by 5%.

Financial Performance Beat

Achieved beats versus consensus for adjusted net income, adjusted EBITDAX, and adjusted free cash flow.

Uinta Basin Success

Successful integration and optimization of Uinta Basin assets, leading to enhanced production and logistics.

Debt Reduction

Paid off credit facility and built a cash balance of over $100 million, progressing towards a target leverage of 1x.

Technological Advancements

Developed machine learning models to optimize well designs, resulting in 30% better performance than peers.

Successful Drilling and Cost Efficiency

Reduced average D&C cost per foot by 15% since 2022 and drilled the fastest wells in company history.

SM Energy (SM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	1.30 / -	1.62	―	―	―
Jun 30, 2025	2025 (Q2)	1.25 / 1.50	1.85	-18.92% (-0.35)	―	―
May 01, 2025	2025 (Q1)	1.62 / 1.76	1.41	24.82% (+0.35)	―
Feb 19, 2025	2024 (Q4)	1.92 / 1.91	1.56	22.44% (+0.35)
Oct 31, 2024	2024 (Q3)	1.48 / 1.62	1.73	-6.36% (-0.11)
Aug 07, 2024	2024 (Q2)	1.52 / 1.85	1.28	44.53% (+0.57)
May 02, 2024	2024 (Q1)	1.28 / 1.41	1.33	6.02% (+0.08)
Feb 21, 2024	2023 (Q4)	1.39 / 1.56	1.29	20.93% (+0.27)	―	―
Nov 02, 2023	2023 (Q3)	1.61 / 1.73	1.82	-4.95% (-0.09)
Aug 02, 2023	2023 (Q2)	1.09 / 1.28	2.19	-41.55% (-0.91)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 30, 2025	$24.52	$25.84	+5.38%
May 01, 2025	$23.49	$22.65	-3.58%
Feb 19, 2025	$38.19	$36.50	-4.43%
Oct 31, 2024	$41.08	$39.43	-4.02%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does SM Energy Company (SM) report earnings?

SM Energy Company (SM) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is SM Energy Company (SM) earnings time?

SM Energy Company (SM) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SM EPS forecast?

SM EPS forecast for the fiscal quarter 2025 (Q3) is 1.3.

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