Latest News by Industry
DENVER (AP) — DENVER (AP) — SM Energy Co. (SM) on Thursday reported first-quarter profit of $198.6 million.
The Denver-based company said it had profit of $1.62 per share. Earnings, adjusted for non-recurring gains, came to $1.33 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The independent oil and gas company posted revenue of $573.5 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $570.2 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a SM">Zacks stock report on SM at https://www.zacks.com/ap/SM