---
schema_version: "secwatch.filing_event.v1"
accession: "0000893538-23-000086"
form_type: "8-K"
ticker: "SM"
cik: "0000893538"
company_name: "SM Energy Co"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T15:56:49.905140+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SM Energy Q2 net income $149.9M ($1.25/sh) vs $2.60/sh YoY; acquires 20,000 Midland acres for $90.6M

## Summary
- Net income $149.9M ($1.25 diluted EPS); adjusted EPS $1.28; Adjusted EBITDAX $390.2M.
- Production 14.1 MMBoe (154.4 MBoe/d), 42% oil, exceeding guidance due to strong South Texas well performance.
- Returned $86.8M to stockholders via dividends ($0.15/sh) and share repurchases (2.55M shares).
- Acquired ~20,000 net acres in Dawson and Martin Counties, TX for $90.6M, adding ~1,250 Boe/d net production (90% oil).
- Full-year 2023 production guidance raised to 53.5-55.5 MMBoe; capex reduced to $1,050M (ex-acquisitions).

## SEC filing metadata
- accession: 0000893538-23-000086
- form_type: 8-K
- ticker: SM
- cik: 0000893538
- company_name: SM Energy Co
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893538/000089353823000086/0000893538-23-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893538/000089353823000086/sm-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893538-23-000086
- JSON: https://secwatch.observer/filing/0000893538-23-000086.json
- Plain text: https://secwatch.observer/filing/0000893538-23-000086.txt

## Key facts
- Earnings Releases
  SM Energy Co reported second quarter 2023 results: net income $149.9 million, EPS $1.25 per diluted common share. Guidance lowered.
  - Period: second quarter 2023
  - Net income: $149.9 million
  - EPS: $1.25 per diluted common share
  - Guidance: lowered
  - Result: reported results
  source text: SM ENERGY REPORTS SECOND QUARTER 2023 RESULTS: STRONG OPERATIONAL EXECUTION AND INCREASED RETURN OF CAPITAL; CLOSED TRANSACTIONS ADDING 22,800 NET MIDLAND ACRES DENVER, CO August 2, 2023 - SM Energy Company (the “Company”) (NYSE: SM) today announced operating and financial results for the second quarter 2023 and provided certain full year and third quarter 2023 guidance.
  evidence_url: https://www.sec.gov/Archives/edgar/data/893538/000089353823000086/0000893538-23-000086-index.htm

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