DENVER (AP) — DENVER (AP) — SM Energy Co. (SM) on Thursday reported first-quarter earnings of $182.3 million.
On a per-share basis, the Denver-based company said it had profit of $1.59. Earnings, adjusted for non-recurring costs, were $1.76 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.
The independent oil and gas company posted revenue of $844.5 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $822 million.
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