SM Energy FY2023 net income $817.9M ($6.86 EPS); 2024 production guidance raised 3-4%

SM Energy Co

2023-FY EPS reported $6.86 revenue$2,373,886,000

Full-year 2023 net income $817.9M ($6.86 diluted EPS); adjusted EPS $5.89. Q4 net income $247.1M ($2.12).
Net production 55.5 MMBoe in 2023 (152.0 MBoe/d), up 5% YoY. 2024 guidance: 56-59 MMBoe.
Record proved reserves 605 MMBoe, up 13% YoY. Net debt reduced to $969M, debt-to-EBITDAX 0.57x.
2024 capex guided $1.16-1.20B; $214.9M remaining share repurchase authorization.
Appointed Barton Brookman (former PDC Energy CEO) to board; James Lebeck promoted to EVP & General Counsel.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Barton R. Brookman

Director

SM · SM Energy Co

Effective: 2024-02-16
Filed: February 21, 2024, 6:59 PM ET

Effective February 16, 2024, the Board of Directors (“ Board ”) of the Company fixed the number of directors at nine and appointed Barton R. Brookman to serve on the Board until the next annual meeting of the Company’s stockholders, or until his successor is elected and qualified or his earlier resignation or removal.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SM Energy Co reported the fourth quarter and full year 2023 results: net income Net income for the full year 2023 was $817.9 million, or $6.86 per diluted common share, and for the fourth quarter 2023.

Period: the fourth quarter and full year 2023
Net income: Net income for the full year 2023 was $817.9 million, or $6.86 per diluted common share, and for the fourth quarter 2023
Result: reported results

Exact text from the filing

SM ENERGY REPORTS 2023 RESULTS AND 2024 OPERATING PLAN DENVER, CO February 21, 2024 - SM Energy Company (the “Company”) (NYSE: SM) today announced certain fourth quarter and full year 2023 operating and financial results, year-end 2023 estimated net proved reserves and its 2024 operating plan.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Barton R. Brookman was appointed as Director at SM Energy Co.

Action: appointed
Role: Director

Exact text from the filing

Effective February 16, 2024, the Board of Directors (“ Board ”) of the Company fixed the number of directors at nine and appointed Barton R. Brookman to serve on the Board until the next annual meeting of the Company’s stockholders, or until his successor is elected and qualified or his earlier resignation or removal.

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

SM Energy Co filing history →

Source: SEC EDGAR

accession 0000893538-24-000008

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