Welcome to our dedicated page for Sm Energy news (Ticker: SM), a resource for investors and traders seeking the latest updates and insights on Sm Energy stock.
SM Energy Company (SM) is an independent energy producer focused on oil, natural gas, and NGL development across strategic U.S. basins. This page provides investors and industry observers with direct access to official announcements, financial disclosures, and operational updates.
Key resources include: Quarterly earnings reports, acquisition announcements, partnership developments, and production updates from the Midland, Maverick, and Uinta Basin operations. Our curated feed ensures you stay informed about SM's technical innovations and market positioning.
Bookmark this page for real-time access to SM Energy's verified corporate communications. Check regularly for insights into asset development strategies, leadership decisions, and operational milestones that shape the company's trajectory in the energy sector.
SM Energy (NYSE: SM) has announced its schedule for first quarter 2025 earnings release and investor communications. The company will release its Q1 2025 financial and operating results after market hours on May 1, 2025. The release will include:
- An earnings release document
- A pre-recorded webcast discussing Q1 2025 results
- An associated presentation
A live Q&A session with management will follow on May 2, 2025 at 8:00 a.m. Mountain time/10:00 a.m. Eastern time, accessible via webcast on the company's website or by telephone conference call. The dial-in numbers are 877-407-6050 (domestic toll-free) and +1 201-689-8022 (international).
SM Energy (NYSE: SM) has announced its Board of Directors has approved a quarterly cash dividend of $0.20 per share of common stock. The dividend is scheduled to be paid on May 5, 2025, to stockholders of record as of the close of business on April 18, 2025.
SM Energy reported record results for 2024 and announced its 2025 operating plan. Key highlights include:
Record achievements in 2024: Oil production reached 80.2 MBbls/d (up 23% from 2023), total production hit 170.5 MBoe/d (up 12%), and year-end proved reserves grew to 678 MMBoe (up 12%). The company returned $169.0 million to stockholders through dividends and share buybacks.
The company's 2025 outlook projects over 20% production growth and 30% oil production increase, driven by Uinta Basin integration. Net income for 2024 was $770.3 million ($6.67 per diluted share), with Q4 at $188.3 million ($1.64 per diluted share). The company aims to optimize capital efficiency across three core assets while maintaining a $0.80 per share annual fixed dividend.
SM Energy (NYSE: SM) has announced the schedule for its fourth quarter and full year 2024 financial and operating results release, along with its 2025 operating plan presentation. The company will release these results after market hours on February 19, 2025. The release will include an earnings report, a pre-recorded webcast discussing the results, and a presentation available on the company's website.
A live Q&A session with SM Energy management is scheduled for February 20, 2025, at 8:00 a.m. Mountain time/10:00 a.m. Eastern time. Investors can access this session via webcast on the company's website or through a conference call, with dial-in numbers provided for both domestic (877-407-6050) and international (+1 201-689-8022) participants.
SM Energy Company (NYSE: SM) has announced its Board of Directors has approved a quarterly cash dividend of $0.20 per share of common stock. The dividend will be distributed on February 3, 2025, to stockholders who are on record as of the close of business on January 24, 2025.
SM Energy Company has appointed Dr. Ashwin Venkatraman as an independent director and member of the Board's Audit Committee. Dr. Venkatraman, currently President and CEO of Resermine Inc., brings extensive expertise in technology, artificial intelligence, and engineering specific to the oil and gas industry. His background includes academic positions at the University of Oklahoma, The University of Texas at Austin, and Princeton University, as well as various roles at Shell International Exploration and Production Inc. The appointment aligns with SM Energy's focus on data analytics and machine learning in their optimization plans.
SM Energy reported strong Q3 2024 results with net production of 15.6 MMBoe (170.0 MBoe/d), exceeding guidance at 46% oil. The company posted net income of $240.5 million ($2.09 per diluted share) and Adjusted EBITDAX of $481.5 million. Notable achievements include completing the $2.1 billion Uinta Basin acquisition, adding a third core area to their portfolio. The company generated adjusted free cash flow of $129.8 million, up 32% from Q2 2024. Production was split equally between Midland Basin and South Texas operations, with strong performance in both regions. The company maintains a strong financial position with Net debt-to-Adjusted EBITDAX at 0.5 times.
SM Energy Company (NYSE: SM) has released its updated environmental, social, and governance (ESG) materials for 2024, available on their website. The publications include a CEO letter, performance highlights, sustainability report, and disclosures aligned with SASB and TCFD frameworks.
Key 2023 performance metrics showcase:
- Exceptional safety records with low incident rates
- Progress towards 2023 and 2030 emissions targets
- Improved water management practices
- High employee engagement scores
CEO Herb Vogel emphasized the company's dedication to safety, environmental stewardship, and a corporate culture fostering integrity, innovation, and professional growth. The disclosures reflect SM Energy's ongoing commitment to sustainable practices and transparent reporting.
SM Energy Company (NYSE: SM) has announced the schedule for its third quarter 2024 earnings release and call. The company plans to release its financial and operating results after market hours on October 31, 2024. This release will include an earnings report, a pre-recorded webcast discussing the results, and an associated presentation, all of which will be available on the company's website.
On November 1, 2024, at 8:00 a.m. Mountain time/10:00 a.m. Eastern time, SM Energy management will host a Q&A session to discuss the third quarter 2024 results. This session will be accessible via webcast on the company's website and through a telephone conference call. Interested parties can join the live conference call by registering online or by dialing the provided toll-free and international numbers.
SM Energy Company (NYSE: SM) has closed the previously announced Uinta Basin acquisition, acquiring an 80% undivided interest in the oil and gas assets of XCL Resources, and affiliated entities. The Uinta Acquisitions, totaling $2.1 billion, add a third core area to SM's portfolio, including:
- Approximately 63,300 net acres
- An initial estimate of 465 net locations normalized to 10,000 foot laterals
- High oil content production at approximately 86%-87% oil
- Estimated net proved reserves of approximately 110 MMBoe
- A centrally located sand mine
The acquisition has an effective date of May 1, 2024, with a closing cash payment of $1.9 billion on October 1, 2024. SM Energy plans to fund the acquisition using proceeds from its recent $1.5 billion senior notes offering, cash on hand, and borrowings under its Credit Agreement.
