SM Energy: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 05:18 AM ET
Last Updated - Jun 22, 2023, 08:07 PM EDT
DENVER (AP) — DENVER (AP) — SM Energy Co. (SM) on Wednesday reported fourth-quarter net income of $258.5 million.
The Denver-based company said it had net income of $2.09 per share. Earnings, adjusted for non-recurring gains, came to $1.29 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The independent oil and gas company posted revenue of $671.3 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $600.4 million.
