secwatch.observer — SEC 8-K summary
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Issuer:     SM Energy Co (SM)
CIK:        0000893538
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0000893538-24-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893538/000089353824000008/0000893538-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893538/000089353824000008/sm-20240216.htm
  HTML page:      https://secwatch.observer/filing/0000893538-24-000008

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