---
schema_version: "secwatch.filing_event.v1"
accession: "0000893538-23-000107"
form_type: "8-K"
ticker: "SM"
cik: "0000893538"
company_name: "SM Energy Co"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:29:53.015181+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SM Energy Q3 net income $222.3M, raises dividend 20% to $0.18/quarter

## Summary
- Q3 net income $222.3M ($1.88 diluted EPS); adjusted EPS $1.73; Adjusted EBITDAX $475.6M.
- Board approves 20% dividend increase to $0.18/quarter ($0.72 annual), starting Q1 2024.
- Returned $114.1M to shareholders in Q3 via dividends and repurchases of 2.35M shares.
- Full-year production guidance narrowed to 55.1-55.4 MMBoe; capex ~$1.1B.
- Completed asset exchange in Sweetie Peck for ~100% WI in nine DUC wells, boosting early 2024 output.

## SEC filing metadata
- accession: 0000893538-23-000107
- form_type: 8-K
- ticker: SM
- cik: 0000893538
- company_name: SM Energy Co
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893538/000089353823000107/0000893538-23-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893538/000089353823000107/sm-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893538-23-000107
- JSON: https://secwatch.observer/filing/0000893538-23-000107.json
- Plain text: https://secwatch.observer/filing/0000893538-23-000107.txt

## Key facts
- Earnings Releases
  SM Energy Co updated its full year and fourth quarter 2023 guidance (initiated).
  - Period: full year and fourth quarter 2023
  - Guidance: initiated
  - Result: guidance update
  source text: provided certain full year and fourth quarter 2023 guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/893538/000089353823000107/0000893538-23-000107-index.htm
- Earnings Releases
  SM Energy Co reported the third quarter of 2023 results: revenue $383.0 million, net income $222.3 million, EPS $1.88 per diluted common share. Guidance reaffirmed.
  - Period: the third quarter of 2023
  - Revenue: $383.0 million
  - Net income: $222.3 million
  - EPS: $1.88 per diluted common share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 2023, net income was $222.3 million, or $1.88 per diluted common share, adjusted net income (1) was $1.73 per diluted common share, net cash provided by operating activities was $383.0 million and Adjusted EBITDAX (1) was $475.6 million, all of which exceeded expectations, benefiting from strong oil production, sequentially increased commodity prices and lower
  evidence_url: https://www.sec.gov/Archives/edgar/data/893538/000089353823000107/0000893538-23-000107-index.htm

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