SM Energy reports record 2024 production and reserves; 2025 guidance up 22% YoY; officer changes

SM Energy Co

2024-FY EPS reported $6.67 revenue$2,690,259,000

Record oil production 29.4 MMBbls (+23% YoY); total production 62.4 MMBoe (+12% YoY).
Full-year net income $770.3M ($6.67 diluted EPS); adjusted EPS $6.80; Adjusted EBITDAX $2.0B.
2025 guidance: production 200-215 MBoe/d, oil 102-112 MBbls/d; CapEx ~$1.3B.
Year-end proved reserves 678 MMBoe (+12% YoY); Uinta Basin added ~100 MMBoe from acquisitions.
Dividend raised to $0.80 annualized; Jennifer Martin Samuels retiring; Pat Lytle promoted to SVP Finance overseeing IR/ESG.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Patrick A. Lytle

Senior Vice President - Finance

SM · SM Energy Co

Effective: 2025-03-02
Filed: February 19, 2025, 6:59 PM ET

Patrick A. Lytle, who currently serves in the role of Vice President - Chief Accounting Officer and Controller will be promoted to the position of Senior Vice President - Finance, effective March 2, 2025.

Appointed

Alan Bennett

Vice President - Controller

SM · SM Energy Co

Effective: 2025-03-02
Filed: February 19, 2025, 6:59 PM ET

Effective March 2, 2025, Alan Bennett will be appointed as Vice President - Controller of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick A. Lytle changed role as Senior Vice President - Finance at SM Energy Co.

Action: promoted
Role: Senior Vice President - Finance

Exact text from the filing

Patrick A. Lytle, who currently serves in the role of Vice President - Chief Accounting Officer and Controller will be promoted to the position of Senior Vice President - Finance, effective March 2, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Alan Bennett was appointed as Vice President - Controller at SM Energy Co.

Action: appointed
Role: Vice President - Controller

Exact text from the filing

Effective March 2, 2025, Alan Bennett will be appointed as Vice President - Controller of the Company.

View on SEC.gov

SM Energy Co filing history →

Source: SEC EDGAR

accession 0000893538-25-000005

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