SM Energy (NYSE: SM) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), SM Energy beat expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share increased significantly.

Margins increased across the board.

Revenue details
 SM Energy chalked up revenue of $559.4 million. The 18 analysts polled by S&P Capital IQ wanted to see revenue of $509.9 million on the same basis. GAAP reported sales were 70% higher than the prior-year quarter's $328.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 EPS came in at $0.76. The 24 earnings estimates compiled by S&P Capital IQ predicted $0.77 per share. Non-GAAP EPS of $0.76 for Q2 were much higher than the prior-year quarter's $0.09 per share. GAAP EPS of $1.13 for Q2 were 205% higher than the prior-year quarter's $0.37 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
 For the quarter, gross margin was 73.2%, 620 basis points better than the prior-year quarter. Operating margin was 24.8%, 820 basis points better than the prior-year quarter. Net margin was 13.7%, 610 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $539.7 million. On the bottom line, the average EPS estimate is $0.80.

Next year's average estimate for revenue is $2.12 billion. The average EPS estimate is $3.27.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 279 members out of 295 rating the stock outperform, and 16 members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give SM Energy a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SM Energy is outperform, with an average price target of $75.63.

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