SM Energy Earnings Reports

SM Energy delivered robust Q4 2024 earnings with significant production growth, especially in oil. The company reported a solid financial performance with increased revenue and earnings per share. The addition of Uinta Basin assets contributed to a substantial rise in production, while cost efficiencies and operational improvements supported profitability.

SM Energy reported a successful third quarter in 2024, marked by strong operational execution and increased oil production. The acquisition of Uinta Basin assets is expected to enhance future financial performance.

SM Energy reported strong second quarter 2024 results, driven by better than expected performance from Midland Basin wells and higher than expected oil content from new South Texas wells. The company net production was 14.4 MMBoe, or 158.5 MBoe/d, at 46% oil or 72.7 MBbls/d, which exceeded guidance. Net income was $210.3 million, or $1.82 per diluted common share, Adjusted EBITDAX was $485.9 million and Adjusted free cash flow was $98.4 million.

SM Energy reported a strong start to 2024, driven by excellent operational execution. The company's net production exceeded guidance, and early-year performance supports increased full-year production guidance and lowered capital expenditure guidance. The company returned capital to stockholders and maintained low leverage.

SM Energy reported strong Q4 2023 results with a net income of $247.1 million, or $2.12 per diluted common share, and net production of 14.1 MMBoe, or 153.5 MBoe/d. The company ended the year with record net proved reserves of 605 MMBoe and a strengthened balance sheet, achieving its target of less than $1 billion net debt.

SM Energy reported strong Q3 2023 results, exceeding expectations with net income of $222.3 million and Adjusted EBITDAX of $475.6 million. The company increased its total capital return to stockholders by 31% from the previous quarter to $114.1 million and announced a 20% increase in the fixed dividend policy.

SM Energy reported a solid financial performance for Q2 2023, marked by strong operational execution and increased capital returns to stockholders. Net income reached $149.9 million, with production exceeding guidance at 14.1 MMBoe. The company also strategically acquired acreage to support future growth.

SM Energy reported a strong first quarter in 2023, exceeding production guidance and growing profitability. The company's net income increased significantly compared to the prior year, and they delivered substantial capital returns to stockholders through share repurchases and dividends.

SM Energy reported a net income of $258.5 million, or $2.09 per diluted common share, for the fourth quarter of 2022. The company's fourth quarter production was 13.1 MMBoe or 142.9 MBoe/d. Cash and cash equivalents at year-end 2022 were $445.0 million.

SM Energy reported strong Q3 2022 results, with a net income of $481.2 million and adjusted EBITDAX of $460.2 million. The company initiated a return of capital program, including share buybacks and an increased fixed dividend. Production volumes were 12.7 MMBoe, or 137.8 MBoe/d, with 45% oil.

SM Energy Company reported a net income of $323.5 million, or $2.60 per diluted common share, and Adjusted net income was $2.19 per diluted common share for the second quarter 2022. Production in the second quarter 2022 was 13.3 MMBoe (146.6 MBoe/d) and was 46% oil. Second quarter 2022 Adjusted EBITDAX was $559.7 million, a one-quarter record high for the Company, and free cash flow was $276.6 million.

SM Energy reported strong first quarter 2022 results, highlighted by advancing on key strategic target, debt reduction, continued strong well performance, bottom line profitability, significant cash flow generation, and strengthening the balance sheet. Net income was $0.39 per diluted common share, and Adjusted net income was $1.98 per diluted common share. Adjusted EBITDAX was $524.6 million, and Free cash flow was $314.3 million.

SM Energy Company reported a net income of $424.9 million for the fourth quarter of 2021, a significant increase compared to the net loss of $(165.2) million for the same period in 2020. The company's production volumes were up 29% compared to the prior year period, with oil volumes from South Texas increasing by 147%. The company generated free cash flow of $259.5 million and ended the year with cash and cash equivalents of $332.7 million.

SM Energy reported a strong third quarter in 2021, driven by production outperformance and higher realized prices. The company's cash flow beat expectations, and they met their year-end 2022 leverage target more than one year early. They are increasing guidance for 2021 production volumes to 49.5-50.0 MMBoe.