SM Energy reported third-quarter 2026 total operating revenues and other income of $2.17 billion, up from $812 million a year earlier, but net income fell to $93 million, or $0.39 per diluted share, from $155 million, or $1.35, in the prior-year quarter. The company lowered its full-year 2026 oil production guidance to 220-222 MBbl/d, citing transitory factors, while keeping capital expenditures at about $2.75 billion.
Total operating revenues and other income were $2.17 billion, compared with $812 million in the third quarter of 2025.
Net income was $93 million, or $0.39 per diluted share, including a $477 million non-cash loss from changes in the fair value of commodity derivative contracts.
Full-year 2026 oil production guidance was lowered by 1% to 220-222 MBbl/d; total production guidance was narrowed to 420-422 MBoe/d.
Net debt was reduced to $6.0 billion from $7.4 billion at March 31, 2026, after redeeming all $417 million of 6.625% Senior Notes due 2027.
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From SM Energy Company's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$3.15B
+17.2%
$5.64
-15.4%
20.5%
FY2024
$2.69B
+13.3%
$6.67
-2.8%
28.6%
FY2023
$2.37B
-29.3%
$6.86
-23.4%
34.5%
FY2022
$3.36B
+28.1%
$8.96
+2989.7%
33.1%
FY2021
$2.62B
+132.8%
$0.29
—
1.4%
Frequently asked questions
When is SM Energy's next earnings date?
SM Energy has not announced a report date within the next three weeks. US companies usually report three to six weeks after each quarter ends; this page updates as soon as the date is on the calendar.
What did SM Energy earn last quarter?
For the quarter ended Sep 2026, SM Energy reported diluted EPS of $0.39 (-71.1% year over year) on revenue of $2.17B (+167.2%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.