---
schema_version: "secwatch.filing_event.v1"
accession: "0000893538-24-000008"
form_type: "8-K"
ticker: "SM"
cik: "0000893538"
company_name: "SM Energy Co"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:33:53.979586+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000893538-24-000008
- form_type: 8-K
- ticker: SM
- cik: 0000893538
- company_name: SM Energy Co
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893538/000089353824000008/0000893538-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893538/000089353824000008/sm-20240216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893538-24-000008
- JSON: https://secwatch.observer/filing/0000893538-24-000008.json
- Plain text: https://secwatch.observer/filing/0000893538-24-000008.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/893538/000089353824000008/0000893538-24-000008-index.htm
- Executive change
  Barton R. Brookman was appointed as Director at SM Energy Co.
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/893538/000089353824000008/0000893538-24-000008-index.htm

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