secwatch.observer — SEC 8-K summary
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Issuer:     SM Energy Co (SM)
CIK:        0000893538
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000893538-22-000148
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893538/000089353822000148/0000893538-22-000148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893538/000089353822000148/sm-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000893538-22-000148

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