---
schema_version: "secwatch.filing_event.v1"
accession: "0000893538-22-000148"
form_type: "8-K"
ticker: "SM"
cik: "0000893538"
company_name: "SM Energy Co"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T11:00:57.546518+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000893538-22-000148
- form_type: 8-K
- ticker: SM
- cik: 0000893538
- company_name: SM Energy Co
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893538/000089353822000148/0000893538-22-000148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893538/000089353822000148/sm-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893538-22-000148
- JSON: https://secwatch.observer/filing/0000893538-22-000148.json
- Plain text: https://secwatch.observer/filing/0000893538-22-000148.txt

## Key facts
- Earnings Releases
  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
  source text: SM Energy Company (the “Company”) (NYSE: SM) today announced operating and financial results for the third quarter 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/893538/000089353822000148/0000893538-22-000148-index.htm

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