---
schema_version: "secwatch.filing_event.v1"
accession: "0000351817-24-000077"
form_type: "8-K"
ticker: null
cik: "0000351817"
company_name: "SILVERBOW RESOURCES, INC."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:23:59.907811+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SilverBow Q1 earnings beat; raises FY 2024 production and FCF guidance; debt cut $178M

## Summary
- Net loss of $16M ($0.61/share) includes $90M unrealized derivative loss; record Adj. EBITDA $200M; FCF $56M.
- Q1 production 91.4 MBoe/d (upper half of guidance); oil +116% YoY to 24.5 MBbls/d; capex $109M, ~20% below consensus.
- Total debt reduced $178M since late-2023 South Texas acquisition; leverage ratio 1.35x, expecting ~1.25x year-end.
- Raised 2024 production guidance 5% to 94 MBoe/d midpoint; FCF outlook up $50M to $188M midpoint; capex unchanged at $470-510M.
- Operational wins: 30% drilling efficiency on acquired acreage; refrac program >100% IRR; identified 100+ refracs and 30+ horseshoe wells.

## SEC filing metadata
- accession: 0000351817-24-000077
- form_type: 8-K
- cik: 0000351817
- company_name: SILVERBOW RESOURCES, INC.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/351817/000035181724000077/0000351817-24-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/351817/000035181724000077/sbow-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000351817-24-000077
- JSON: https://secwatch.observer/filing/0000351817-24-000077.json
- Plain text: https://secwatch.observer/filing/0000351817-24-000077.txt

## Key facts
- Earnings Releases
  SILVERBOW RESOURCES, INC. reported first quarter of 2024 results: net income net loss of $16 million, EPS ($0.61) per diluted share. Guidance raised.
  - Period: first quarter of 2024
  - Net income: net loss of $16 million
  - EPS: ($0.61) per diluted share
  - Guidance: raised
  - Result: reported results
  source text: reported a net loss of $16 million, or ($0.61) per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/351817/000035181724000077/0000351817-24-000077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.