SM Energy (SM) Q3 2026 earnings — TrendMatrix coverage

Adjusted EPS

$1.95

Estimate

$1.98

Surprise

-1.5%

Score today

7.2/10

Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.

SM Energy (SM) missed the $1.98 estimate with adjusted EPS of $1.95 — a modest 1.5% shortfall.

• SM Energy Says Uinta Basin Takeaway Constraints Cut Q3 Oil Volumes By ~4 MBbl/d, Expects Resolution In Early 2027 — benzinga, 2026-11-03
• SM Energy Q3 Adj. EPS $1.95 Misses $1.97 Estimate, Sales $2.160B Beat $2.005B Estimate — benzinga, 2026-11-03

TrendMatrix currently rates SM Buy (Wait) at 7.2/10; no pre/post engine snapshot brackets this report.

2 of the last 4 quarters beat the estimate; this quarter's -1.5% surprise compares with a +12.1% four-quarter average.

This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.

Current price

$36.67

Entry target

$35.25

Price target

$41.60

Stop

$33.64

Upside to target

+13.4%

Reward-to-risk

1.7:1

Model outputs from TrendMatrix’s engine as of 2026-11-04 — shown for context, not personalized investment advice.

Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.

Industry

Oil & Gas E&P

Market cap

$8.72B

P/E (fwd)

4.2

P/E (ttm)

6.6

52-week range

$17.45–$41.56

Off 52-week high

11.8%

RSI (14)

43

Volume vs avg

1.20×

Score today

7.2/10