---
schema_version: "secwatch.filing_event.v1"
accession: "0000893538-24-000028"
form_type: "8-K"
ticker: "SM"
cik: "0000893538"
company_name: "SM Energy Co"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:31:50.566094+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SM Energy beats Q1 production, raises FY guidance, lowers capex; net income $1.13/share adjusted $1.41

## Summary
- Q1 net production 145.1 MBoe/d (44% oil) exceeded guidance; net income $131M ($1.13 diluted EPS).
- Full-year production guidance raised 2% to 57-60 MMBoe; capex guidance lowered 2% to $1.14-$1.18B.
- Adjusted EBITDAX $409M (+2% YoY); adjusted free cash flow $67.9M (+35% YoY).
- Returned $53.6M to shareholders (buybacks + $0.18/sh dividend); $182.1M remains on repurchase program.
- Expanded South Texas Austin Chalk acreage by ~8,000 net acres via drill-to-earn; new wells show strong initial rates.

## SEC filing metadata
- accession: 0000893538-24-000028
- form_type: 8-K
- ticker: SM
- cik: 0000893538
- company_name: SM Energy Co
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893538/000089353824000028/0000893538-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893538/000089353824000028/sm-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893538-24-000028
- JSON: https://secwatch.observer/filing/0000893538-24-000028.json
- Plain text: https://secwatch.observer/filing/0000893538-24-000028.txt

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