SM Energy: Q2 Earnings Snapshot
DENVER (AP) _ SM Energy Co. (SM) on Wednesday reported second-quarter earnings of $323.5 million.
The Denver-based company said it had profit of $2.60 per share. Earnings, adjusted for one-time gains and costs, were $2.19 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share.
The independent oil and gas company posted revenue of $992.1 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $841.5 million.