secwatch.observer — SEC 8-K summary
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Issuer:     SM Energy Co (SM)
CIK:        0000893538
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0000893538-25-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893538/000089353825000005/0000893538-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893538/000089353825000005/sm-20250219.htm
  HTML page:      https://secwatch.observer/filing/0000893538-25-000005

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