SM Energy Company (SM) Guidance & Earnings Results

On 2026-08-05 SM Energy Company raised guidance: "H2 2026 production guidance raised to 435-440 MBoe/d (including ~238 MBbl/d oil); full-year capex maintained at $2.65-2.85B; full-year G&A guidance lowered by $50M at…" — from its own filing, as read by EquiReason.

Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason

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Oil & Gas E&P · Energy

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Market cap: 9.5B
P/E TTM: 9.6
Dividend yield: 2.1%
52-week: —
Next earnings: 3 Nov, in 10 days

What management guided

each earnings 8-K · figures checked against the filing text

Release	Direction	What they said
5 Aug 26	Raised	H2 2026 production guidance raised to 435-440 MBoe/d (including ~238 MBbl/d oil); full-year capex maintained at $2.65-2.85B; full-year G&A guidance lowered by $50M at midpoint
6 May 26	Raised	FY26 production raised to 410-430 MBoe/d (222-228 MBbl/d oil) from 400-420 MBoe/d (216-226 MBbl/d oil); capex maintained at $2.65-2.85B; second-half run rate ~430 MBoe/d (~238 MBbl/d oil) · full year
25 Feb 26	Raised	2026 outlook provided, with record production and cash flow momentum · full year
3 Nov 25	Reaffirmed	Production exceeded midpoint of guidance · full year
31 Jul 25	Raised	FY2025 oil production guidance raised to 53-54% oil (106-116 MBbl/d) from 51-52%; capex raised to ~$1.375B from ~$1.3B; DD&A raised to ~$16/Boe from ~$15/Boe; Q3 2025 production 209-215 MBoe/d at 53-54% oil; Q3 capex $300-320M · full year

SM Energy Company — questions

What guidance did SM Energy Company give?: On 2026-08-05: "H2 2026 production guidance raised to 435-440 MBoe/d (including ~238 MBbl/d oil); full-year capex maintained at $2.65-2.85B; full-year G&A guidance lowered by $50M at midpoint"
When does SM Energy Company report earnings?: SM Energy Company's next earnings report is expected on 2026-11-03.

Every figure on this page comes from SM Energy Company's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.

How these figures are read: methodology · EquiReason.

Important information. Figures on this page are taken from filings submitted to the U.S. Securities and Exchange Commission (SEC) and processed automatically by EquiReason. They may contain errors, omissions or delays, and EquiReason makes no representation or warranty as to their accuracy, completeness or timeliness. Always verify figures against the original filing on SEC EDGAR before relying on them.

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