Sm Energy Stock Price, News & Analysis

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.

SM Energy announced a capital return strategy on September 7, 2022, which includes a share repurchase of up to $500 million and an increased fixed dividend of $0.60 per share annually. The board aims to enhance shareholder value by initiating stock buybacks through 2024 and providing a predictable yield at current commodity price levels of $60 per barrel for oil and $3 per Mcf for natural gas. The increased dividend yields approximately 1.4%, with the first payout scheduled for November 7, 2022. This strategy reflects confidence in the company's financial health and asset quality.

SM Energy Company (NYSE: SM) announced strong Q2 2022 results with net income of $323.5 million, or $2.60 per diluted share, significantly up from a loss of $223 million in Q2 2021. The company achieved record cash flow of $514.4 million and increased its production guidance for 2022 to between 54-55 MMBoe. The leverage ratio improved to 0.7 times, and net debt is expected to approach $1 billion by year-end. Additionally, the company is set to enhance methane detection using advanced technology. Overall, operational performance exceeded expectations, bolstered by higher commodity prices.

SM Energy Company (NYSE: SM) has announced the release date for its second quarter 2022 financial and operating results, scheduled for August 3, 2022, after market close. This will include an earnings release, a pre-recorded webcast, and a presentation available on the Company’s website. Following this, a Q&A session is set for August 4, 2022, at 8:00 AM Mountain time, accessible via webcast or telephone. For further details, visit the Company’s investor relations page.

SM Energy Company announced its participation in several investor conferences scheduled for June 2022. Presentations will be available on their website before market opens on June 1 and June 23. Key events include the Wells Fargo Energy Conference on June 1, where CEO Herb Vogel will meet investors, and the J.P. Morgan Energy Conference on June 23, which will be webcast. The company aims to provide updated investor presentations throughout these events.

SM Energy Company announced its first quarter 2022 financial results, displaying strong financial health and production metrics. Key highlights include a net income of $0.39 per diluted share, a significant increase in operating cash flow to $480.1 million, and a record high Adjusted EBITDAX of $524.6 million. The company aims to reduce its absolute debt and plans to redeem its 10.0% Senior Secured Notes due 2025, worth approximately $446.7 million, by June 17, 2022. Production reached 13.8 MMBoe, marking a 37% increase year-over-year, driven by successful well performance.

SM Energy Company (NYSE: SM) has announced the release date for its first quarter 2022 financial and operating results, which will occur after market close on April 28, 2022. The announcement will include an earnings release, a pre-recorded webcast, and a presentation available on the company's website. Additionally, SM Energy management will host a Q&A session on April 29, 2022, at 8:00 a.m. MT, accessible via webcast and telephone. Investors can register for the live conference call online.