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SM Energy Q2 results beat Street estimates but falter YOY

Aug 02, 2019 - SNL Energy Finance Daily
Financial Results

SM Energy Co. on Aug. 1 reported an adjusted net income of $1.3 million, or 1 cent per share, in the second quarter, down from the $16.8 million, or 15 cents per share, posted for the same period a year ago.

The S&P Global Market Intelligence normalized consensus earnings estimate for the quarter was a net loss of 11 cents per share.

The firm's GAAP net income came in at $50.4 million, up from the $17.2 million posted for the second quarter of 2018.

Total revenue for the quarte...