secwatch.observer — SEC 8-K summary
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Issuer:     SM Energy Co (SM)
CIK:        0000893538
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0000893538-23-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.95
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SM Energy Reports 2022 Net Income of $1.11B, Proved Reserves Up 9% to 537 MMBoe
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- Full-year 2022 net income was $1.11 billion ($8.96/diluted share), adjusted net income $7.29/share.
- Proved reserves at year-end 2022 totaled 537 MMBoe, a 9% increase from 2021, replacing 205% of production.
- Generated $848.7 million adjusted free cash flow in 2022, more than double 2021; net debt-to-EBITDAX ratio 0.59x.
- Repurchased 1,365,255 shares and initiated $0.15 quarterly dividend; 2023 plan includes $0.60 annual dividend and up to $500M buybacks.
- 2023 production guidance flat to low single-digit growth at 52.5-54.5 MMBoe; capital budget ~$1.1B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893538/000089353823000012/0000893538-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893538/000089353823000012/sm-20230222.htm
  HTML page:      https://secwatch.observer/filing/0000893538-23-000012

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