DENVER (AP) 鈥� DENVER (AP) 鈥� SM Energy Co. (SM) on Wednesday reported second-quarter profit of $1.07 billion.
On a per-share basis, the Denver-based company said it had net income of $4.46. Earnings, adjusted for non-recurring gains, came to $2.19 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.
The independent oil and gas company posted revenue of $2.5 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $2.01 billion.
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