SM Energy Company - SM STOCK NEWS

SM Energy Company (NYSE: SM) will announce its first quarter 2023 financial and operating results after market hours on April 27, 2023. The release will include an earnings report, a pre-recorded webcast, and a presentation available on the company's investor relations website.

On April 28, 2023, at 8:00 a.m. Mountain time/10:00 a.m. Eastern time, management will host a Q&A session accessible via webcast. Interested participants can register online for dial-in details. The replay of the conference call will be available shortly after the call and until May 12, 2023.

For more information and updates, visit www.sm-energy.com.

SM Energy Company (NYSE: SM) has announced a quarterly cash dividend of $0.15 per share, payable on May 5, 2023, to stockholders of record by April 21, 2023. This decision reflects strong financial management as the company repurchased approximately 1.4 million shares in the first quarter, reducing outstanding shares to about 120.5 million. This strategic move aims to enhance shareholder value in the competitive energy sector.

SM Energy Company (NYSE: SM) reported strong financial results for Q4 and full year 2022, with net income of $1.11 billion for the year and $258.5 million for the quarter, translating to $8.96 and $2.09 per diluted share, respectively. The company achieved a 9% increase in estimated proved reserves, totaling 537 MMBoe, and a significant cash flow of $1.76 billion for the year. Shareholders benefited from a capital return program, including $0.15 quarterly dividends and $500 million in share repurchases. SM Energy lowered net debt to $1.14 billion, achieving a net debt-to-Adjusted EBITDAX ratio of 0.59 times.

SM Energy Company (NYSE: SM) announced it will release its fourth quarter and full year 2022 financial and operating results on February 22, 2023, after market close. The report will include an earnings release, a pre-recorded webcast discussing the results, and a 2023 operating plan presentation available on their website. A Q&A session with management is scheduled for February 23, 2023, at 8:00 a.m. MT via webcast. Investors can access the call by registering online. The company primarily focuses on the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in Texas.

SM Energy Company (NYSE: SM) announced the retirement of Executive Vice President and General Counsel David Copeland, effective December 31, 2022. He will remain in an advisory role until July 1, 2023. CEO Herb Vogel praised Copeland's decade-long service. The company appointed James Lebeck as the new Senior Vice President and General Counsel, effective on or before January 30, 2023. Lebeck brings prior experience from SM Energy and Encino Energy. This leadership change highlights SM's commitment to experienced legal guidance as it continues operations in Texas.

SM Energy Company (NYSE: SM) has announced a quarterly cash dividend of $0.15 per share, set to be paid on February 6, 2023. This dividend will benefit stockholders of record as of the close of business on January 20, 2023. Currently, there are approximately 121.9 million shares outstanding, a decrease of around 900,000 shares due to repurchases made during Q4 2022.

SM Energy Company (NYSE: SM) announced the retirement of Senior VP - Operations Newt Newton and VP - Human Resources Candace Lyon, effective January 1, 2023. Both will remain in advisory roles until July 1, 2023. CEO Herb Vogel highlighted Newton's significant contributions to the Midland Basin assets and Lyon's leadership in HR initiatives. The company also promoted Tom Morrow to VP - Operations Support, Richard Jenkins to VP - Operations, and Susie Piehl to VP - Human Resources, effective the same date, ensuring continuity in key operational roles.

SM Energy Company reported robust financial results for Q3 2022, with a net income of $481.2 million ($3.87 per diluted share) and $853.5 million ($6.87 per diluted share) for the first nine months. Adjusted EBITDAX reached $460.2 million for Q3. The company announced a share buyback program of up to $500 million and increased the quarterly dividend to $0.15. Production volumes totaled 12.7 MMBoe, with oil comprising 45%. The company continues to focus on emissions reduction technology and expects capital expenditures between $870 million and $900 million for the full year.

SM Energy Company (NYSE: SM) announced the preliminary results for Q3 2022, showing production volumes slightly higher than anticipated, particularly in South Texas and the Midland Basin. The company completed 31 net wells during the quarter and expects full-year production between 52.5 and 53.0 MMBoe, with plans for 81 net wells. Average realized prices before hedges stood at $65.27 per Boe, with a post-hedge average of $50.58 per Boe. An earnings release is scheduled for November 3, 2022, after market close.