Filing Flows › SM Energy (SM) › Guidance history
SM Energy (SM) guidance history: what it guided and what it reported
SM Energy gave guidance in 11 earnings releases on file since Feb 21, 2024. Its releases raised guidance 5 times and lowered it 4 times.
Net income
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2024 | $240M (Oct 31, 2024) | — | — | — |
| FY2024 | $210M (Aug 7, 2024) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $610M (Nov 3, 2026) | — | to be reported | — |
| Q2 2026 | $2.6B–$2.9B (May 6, 2026) | $754M (GAAP) | not judged | — |
| FY2026 | $2.6B–$2.9B (May 6, 2026) → reaffirmed $2.8B (Nov 3, 2026) | — | to be reported | — |
| Q4 2025 | $225M–$245M (Nov 3, 2025) | $216M (GAAP) | not judged | — |
| Q3 2025 | $300M–$320M (Jul 31, 2025) | $398M (GAAP) | not judged | — |
| FY2025 | $1.4B (Jul 31, 2025) | $1.4B (GAAP) | not judged | — |
| Q2 2025 | $15.0M (May 1, 2025) | $410M (GAAP) | not judged | — |
| Q4 2024 | $320M–$340M (Oct 31, 2024) | — | — | — |
| Q3 2024 | $300M–$310M (Aug 7, 2024) | — | — | — |
| Q2 2024 | $315M–$325M (May 2, 2024) | — | — | — |
Operating cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2024 | $452M (Oct 31, 2024) | — | — | — |
| FY2024 | $276M (May 2, 2024) → raised $476M (Aug 7, 2024) | $1.8B (GAAP) | not judged | — |
EPS
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $0.80 (Feb 19, 2025) | — | — | — |
Free cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $500M (Feb 19, 2025) | $573M (GAAP) | not judged | — |
Adjusted capital expenditures
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $1.3B (Feb 19, 2025) | — | — | — |
| FY2024 | $1.2B–$1.2B (Feb 21, 2024) | — | — | — |
The latest quarter
SM Energy, Q3 2026: revenue $2.2B (+167% year over year), operating margin 10.9%, net earnings $93.0M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
Questions
Does SM Energy beat its guidance?
SM Energy gave guidance in 11 earnings releases on file since Feb 21, 2024. Its releases raised guidance 5 times and lowered it 4 times.
How often does SM Energy raise guidance?
Its earnings releases raised guidance 5 times and lowered it 4 times since Feb 21, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.