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SM Energy: Q1 Earnings Snapshot

SM Energy: Q1 Earnings Snapshot

By AP News
Published - Apr 27, 2023, 05:36 PM ET
Last Updated - Jun 22, 2023, 02:38 AM EDT

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.

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