SM Energy Reports Q4 Earnings

The independent oil and gas company posted revenue of $705 million in the quarter.

Published on Feb. 25, 2026

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SM Energy Co. reported fourth-quarter net income of $109 million, or 95 cents per share. Earnings, adjusted for non-recurring gains, were 83 cents per share, topping Wall Street expectations. However, the company's revenue of $705 million in the period fell short of Street forecasts.

Why it matters

SM Energy's quarterly earnings report provides insight into the financial performance and outlook of the independent oil and gas company, which is an important indicator of the broader energy industry's health and trends.

The details

The Denver-based SM Energy Co. reported fourth-quarter net income of $109 million. Earnings, adjusted for non-recurring gains, were 83 cents per share, exceeding the average estimate of 73 cents per share from four analysts surveyed by Zacks Investment Research. However, the company's revenue of $705 million in the period fell short of the $765.6 million expected by three analysts surveyed by Zacks.

  • SM Energy reported its fourth-quarter earnings on Wednesday, February 25, 2026.

The players

SM Energy Co.

An independent oil and gas company based in Denver, Colorado.

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The takeaway

SM Energy's fourth-quarter results demonstrate the company's ability to generate strong earnings despite facing revenue challenges, highlighting the ongoing volatility and uncertainty in the energy sector.