SM Energy (SM) Q2 Earnings Top Estimates, Revenues Increase Y/Y

SM Energy Company (SM) reported second-quarter 2024 adjusted earnings of $1.85 per share, which surpassed the Zacks Consensus Estimate of$1.57. The bottom line also increased from the year-ago quarter's figure of $1.28. Total quarterly revenues of$634.5 million increased from $551 million in the year-ago quarter and beat the Zacks Consensus Estimate of$630 million. The strong quarterly results can be attributed to increased oil equivalent production volumes and high average realized price per Boe. Operat ...