SM Energy Q2 net income rises to USD 1.07 billion; revenue climbs to USD 2.5 billion
SM•SM Energy reports higher Q2 results and raises production outlook
- SM Energy posted 2Q 2026 net income of USD 1.07 billion, or USD 4.46 per diluted share, up 21% from 1Q 2026.
- Operating cash flow climbed 93% from 1Q to USD 1.1 billion, while capital expenditures rose 84% to USD 754 million.
- Average net daily production increased 18% from 1Q to 440 MBoe/d, including 230 MBbl/d of oil, with realized price at USD 53.86 per Boe.
- Results included a USD 262 million gain on the USD 950 million South Texas asset sale; net debt fell sequentially by USD 1.1 billion.
- Second-half production outlook was raised to 435-440 MBoe/d; full-year capital guidance was maintained at USD 2.65-USD 2.85 billion.
