SM Energy (SM) Misses Q3 EPS by 16c, Revenues Beat

SM Energy (NYSE: SM) reported Q3 EPS of ($0.01), $0.16 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $459.37 million versus the consensus estimate of $422.49 million.

President and Chief Executive Officer Jay Ottoson comments: "In the first nine months of 2018, we met or exceeded our plan objectives for production growth, capital efficiency and debt reduction while maintaining our planned level of drilling and completion activity. Our exceptional operational execution and prudent balance sheet management position our Company to meet our targeted total capital spend-to-cash flow neutrality by mid-year 2019 and competitive growth in cash flow per debt-adjusted-share."

For earnings history and earnings-related data on SM Energy (SM) click here.

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