---
schema_version: "secwatch.filing_event.v1"
accession: "0000893538-25-000005"
form_type: "8-K"
ticker: "SM"
cik: "0000893538"
company_name: "SM Energy Co"
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T12:53:21.430292+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000893538-25-000005
- form_type: 8-K
- ticker: SM
- cik: 0000893538
- company_name: SM Energy Co
- filed_at: 2025-02-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893538/000089353825000005/0000893538-25-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893538/000089353825000005/sm-20250219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893538-25-000005
- JSON: https://secwatch.observer/filing/0000893538-25-000005.json
- Plain text: https://secwatch.observer/filing/0000893538-25-000005.txt

## Key facts
- Executive change
  Patrick A. Lytle changed role as Senior Vice President - Finance at SM Energy Co.
  - Action: promoted
  - Role: Senior Vice President - Finance
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/893538/000089353825000005/0000893538-25-000005-index.htm
- Executive change
  Alan Bennett was appointed as Vice President - Controller at SM Energy Co.
  - Action: appointed
  - Role: Vice President - Controller
  source text: Effective March 2, 2025, Alan Bennett will be appointed as Vice President - Controller of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/893538/000089353825000005/0000893538-25-000005-index.htm

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