Australia markets closed
  • ALL ORDS

    7,745.90
    -25.90 (-0.33%)
     
  • AUD/USD

    0.6929
    +0.0005 (+0.07%)
     
  • ASX 200

    7,539.00
    -19.10 (-0.25%)
     
  • OIL

    73.85
    +0.46 (+0.63%)
     
  • GOLD

    1,890.40
    +13.80 (+0.74%)
     
  • BTC-AUD

    33,045.47
    -962.88 (-2.83%)
     
  • CMC Crypto 200

    525.72
    -11.14 (-2.07%)
     

SM Energy Third Quarter 2022 Earnings: Beats Expectations

SM Energy (NYSE:SM) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$795.3m (up 4.6% from 3Q 2021).

  • Net income: US$481.2m (up 462% from 3Q 2021).

  • Profit margin: 61% (up from 11% in 3Q 2021). The increase in margin was primarily driven by lower expenses.

  • EPS: US$3.91 (up from US$0.70 in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

SM Energy Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 125%.

Looking ahead, revenue is expected to fall by 3.7% p.a. on average during the next 3 years compared to a 6.5% decline forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are up 4.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for SM Energy you should be aware of, and 1 of them shouldn't be ignored.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here