secwatch.observer — SEC 8-K summary
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Issuer:     SM Energy Co (SM)
CIK:        0000893538
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000893538-23-000086
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893538/000089353823000086/0000893538-23-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893538/000089353823000086/sm-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000893538-23-000086

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