SM Energy (SM) Tops Q3 EPS by 23c, Revenues Miss
SM Energy (NYSE: SM) reported Q3 EPS of ($0.05), $0.23 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $281.02 million versus the consensus estimate of $313.72 million.
Chief Executive Officer Jay Ottoson comments: "Exceptional third quarter results are due to continued capital discipline, aggressive cost management, better than expected well performance and adherence to strict financial objectives to generate free cash flow and reduce absolute debt. The entire SM Energy team is working diligently toward our common 2020 goals and objectives and we congratulate our employees on our success year-to-date, especially during a particularly challenging time.
"As we look ahead, we intend to stay-the-course and continue to prioritize generating free cash flow and reducing leverage."
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