SM Energy Reports Second Quarter 2026 Results
SM Energy reported strong Q2 2026 results, delivering record operating cash flow of $1.1 billion and adjusted free cash flow of $467 million. The company raised its second-half production guidance to 435–440 MBoe/d and lowered full-year recurring G&A guidance by $50 million, while maintaining its capital expenditure outlook.
Key figures
- Eps
- 4.46
- Revenue
- 2156000000
- Guidance
- Raised second-half 2026 production outlook to 435–440 MBoe/d; maintained full-year 2026 capital guidance of $2.65–$2.85 billion
- Adjusted ebitdax
- 1400000000
- Net debt reduction
- 1100000000
- Operating cash flow
- 1100000000
- Production avg daily
- 440
- Adjusted free cash flow
- 467000000
AI analysis
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