SM Energy Company Q1 Adj. Profit Beats Estimate

(RTTNews) - SM Energy Company (SM) Tuesday reported first-quarter net income of $65.6 million or $0.96 per share, compared to $16.7 million or $0.25 per share in the same period last year.

Adjusted earnings for quarter were $107.6 million or $1.58 per share, up from $55.3 million or $0.82 per share in the previous year period. On average, 25 analysts polled by Thomson Reuters expected the company to earn $1.49 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues and other income totaled $632.72 million, up from $484.18 million last year, while 18 analysts expected revenues of $604.71 million.