SM Energy Q3 net income $481M, initiates $500M buyback and 60¢ annual dividend

SM Energy Co

2022-Q3 EPS reported $6.87 revenue$2,687,329,000

Q3 2022 net income $481.2M ($3.87 diluted EPS); adjusted EPS $1.82.
Full-year capex guidance unchanged at $870-900M; Q4 production guidance 138-143 MBoe/d.
Return of capital: annual dividend raised to $0.60/share ($0.15 quarterly); $500M share repurchase program.
Net-debt-to-adjusted EBITDAX improved to 0.6x from prior period.
Q3 average realized price $65.27/Boe before hedges, $50.58 after; production 137.8 MBoe/d.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SM Energy Co reported third quarter 2022 results: net income $481.2 million, EPS $3.87 per diluted common share.

Period: third quarter 2022
Net income: $481.2 million
EPS: $3.87 per diluted common share
Result: reported results

Exact text from the filing

SM Energy Company (the “Company”) (NYSE: SM) today announced operating and financial results for the third quarter 2022

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Source: SEC EDGAR

accession 0000893538-22-000148

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