secwatch.observer — SEC 8-K summary
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Issuer:     SM Energy Co (SM)
CIK:        0000893538
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000893538-23-000107
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893538/000089353823000107/0000893538-23-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893538/000089353823000107/sm-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000893538-23-000107

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