SM Energy Q1 net income $198.6M, EPS $1.62; production beats guidance by 178K Boe

SM Energy Co

2023-Q1 EPS reported $1.62 revenue$573,505,000

Net income $198.6M ($1.62 diluted EPS); adjusted net income $1.33 per share; net cash from ops $331.6M.
Production 13.2 MMBoe (146.4 MBoe/d), 43% oil, ~178,000 Boe above mid-point guidance due to South Texas well outperformance.
Repurchased 1.4M shares; total return of capital $58.3M in Q1; $133.9M since program inception.
Capex $307.6M (adjusted for accruals; includes $9.9M leasehold); Net debt-to-Adj. EBITDAX 0.6x; credit facility undrawn.
Q2 guidance: production 13.3-13.5 MMBoe, capex $295-315M; full-year 2023 guidance unchanged.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

SM Energy Co reported first quarter 2023 results: net income $198.6 million, EPS $1.62 per diluted common share.

Period: first quarter 2023
Net income: $198.6 million
EPS: $1.62 per diluted common share
Result: reported results

Exact text from the filing

SM Energy Company (“ Company ”) issued a press release announcing its financial results for the first quarter of 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SM Energy Co updated its certain second quarter 2023 guidance guidance (initiated).

Period: certain second quarter 2023 guidance
Guidance: initiated
Result: guidance update

Exact text from the filing

provided certain second quarter 2023 guidance

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

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Source: SEC EDGAR

accession 0000893538-23-000033

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