---
schema_version: "secwatch.filing_event.v1"
accession: "0000893538-24-000103"
form_type: "8-K"
ticker: "SM"
cik: "0000893538"
company_name: "SM Energy Co"
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T12:01:10.547697+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SM Energy beats Q2 estimates with $1.82 EPS; announces $2.1B Uinta Basin acquisition and increased return of capital

## Summary
- Q2 net income $210.3M ($1.82 diluted EPS); adjusted EPS $1.85; production 158.5 MBoe/d (46% oil).
- Acquired additional Uinta Basin assets for ~$70M (80% interest); combined with XCL acquisition total $2.1B, adding 63,300 net acres, 465 locations.
- Board approved 11% dividend increase to $0.20/share starting Q4 2024; share repurchase program reloaded to $500M through 2027.
- Issued $1.5B in senior notes (6.75% 2029, 7.00% 2032) to fund acquisitions and redeem 2025 notes.
- Full-year production guidance unchanged at 57-60 MMBoe; oil percentage raised to 45%; capex unchanged.

## SEC filing metadata
- accession: 0000893538-24-000103
- form_type: 8-K
- ticker: SM
- cik: 0000893538
- company_name: SM Energy Co
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893538/000089353824000103/0000893538-24-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893538/000089353824000103/sm-20240807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893538-24-000103
- JSON: https://secwatch.observer/filing/0000893538-24-000103.json
- Plain text: https://secwatch.observer/filing/0000893538-24-000103.txt

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