SM Energy Q3 2026 net income falls 40% year on year to $93 million
SM•SM Energy’s third-quarter 2026 net income fell 40% year over year to $93 million, while production revenue and operating cash flow more than doubled. The company cut its full-year oil production guidance 1% to 220–222 MBbl/d.
1. Quarterly results and guidance
SM Energy’s third-quarter 2026 net income fell 40% year over year to $93 million. Oil, gas and NGL production revenue more than doubled to $2.16 billion, and net cash provided by operating activities more than doubled to $1.12 billion. Full-year 2026 oil production guidance fell 1% to 220–222 MBbl/d, primarily due to Permian downtime and Uinta takeaway constraints. The company said Civitas merger integration was substantially completed during the quarter.
