{"schema_version":"secwatch.filing_event.v1","accession":"0000893538-23-000033","form_type":"8-K","ticker":"SM","cik":"0000893538","company_name":"SM Energy Co","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.681370+00:00","generated_at":"2026-06-16T10:44:22.559989+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SM Energy Q1 net income $198.6M, EPS $1.62; production beats guidance by 178K Boe","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000893538-23-000033","json":"https://secwatch.observer/filing/0000893538-23-000033.json","markdown":"https://secwatch.observer/filing/0000893538-23-000033.md","text":"https://secwatch.observer/filing/0000893538-23-000033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/893538/000089353823000033/0000893538-23-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/893538/000089353823000033/sm-20230427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T10:44:22.559989+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"83f255cac547bba3fa8280851a93bef6ded8b59e","claim":"SM Energy Co reported first quarter 2023 results: net income $198.6 million, EPS $1.62 per diluted common share.","evidence_excerpt":"SM Energy Company (“ Company ”) issued a press release announcing its financial results for the first quarter of 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/893538/000089353823000033/0000893538-23-000033-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Net income","value":"$198.6 million"},{"label":"EPS","value":"$1.62 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"bd0e55b50c0781c918b9fd4dfb943d27e9ddab49","claim":"SM Energy Co updated its certain second quarter 2023 guidance guidance (initiated).","evidence_excerpt":"provided certain second quarter 2023 guidance","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/893538/000089353823000033/0000893538-23-000033-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"certain second quarter 2023 guidance"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}