SM Energy Company (SM) reported Q1 2026 results with total revenues of $1.48 billion, up 75.12% year-over-year and above the revenue estimate of $1.44 billion. Shares were up 2.0% since market close.
The company remained unprofitable on the quarter, recording an operating loss of $298 million (down 207.86% YoY) and a net loss attributable to common shareholders of $335 million (down 283.79% YoY). Diluted earnings per share came in at -$1.68 versus an EPS estimate of $1.18.
Cash flow showed improvement, with operating cash flow rising while the company continued to invest in its asset base.
On the balance sheet, total liabilities expanded to $12.28 billion, up 180.02% year-over-year, reflecting changes in the company’s funding and capital structure.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
SM Energy Company Hedge Fund Activity
We have seen 282 institutional investors add shares of SM Energy Company stock to their portfolio, and 190 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WESTWOOD HOLDINGS GROUP INC removed 3,637,348 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $68,018,407
- MACQUARIE GROUP LTD removed 3,166,912 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $59,221,254
- WOODLINE PARTNERS LP removed 2,303,043 shares (-94.8%) from their portfolio in Q4 2025, for an estimated $43,066,904
- MILLENNIUM MANAGEMENT LLC added 1,906,255 shares (+205.1%) to their portfolio in Q4 2025, for an estimated $35,646,968
- RIVER ROAD ASSET MANAGEMENT, LLC removed 1,721,765 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $32,197,005
- ALYESKA INVESTMENT GROUP, L.P. added 1,654,891 shares (+268.3%) to their portfolio in Q4 2025, for an estimated $30,946,461
- INVESCO LTD. removed 1,560,676 shares (-67.2%) from their portfolio in Q4 2025, for an estimated $29,184,641
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.
SM Energy Company Price Targets
Multiple analysts have issued price targets for $SM recently. We have seen 10 analysts offer price targets for $SM in the last 6 months, with a median target of $33.0.
Here are some recent targets:
- Hanwen Chang from Wells Fargo set a target price of $29.0 on 04/21/2026
- Leo Mariani from Roth Capital set a target price of $33.0 on 04/08/2026
- Tim Rezvan from Keybanc set a target price of $39.0 on 04/02/2026
- Phillip Jungwirth from BMO Capital set a target price of $33.0 on 04/02/2026
- Gabe Daoud from Truist Securities set a target price of $38.0 on 03/24/2026
- Zach Parham from JP Morgan set a target price of $40.0 on 03/20/2026
- Robert Hodges from TD Cowen set a target price of $30.0 on 03/17/2026
