{"schema_version":"secwatch.filing_event.v1","accession":"0000893538-25-000039","form_type":"8-K","ticker":"SM","cik":"0000893538","company_name":"SM Energy Co","filed_at":"2025-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.693655+00:00","generated_at":"2026-05-23T01:38:48.023004+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SM Energy Q1 production 197.3 MBoe/d (high-end); net income $182.3M, up 39% YoY; Uinta outperforms","bullets":["Net production 17.8 MMBoe (197.3 MBoe/d), 53% oil; total daily production +36% YoY, oil +63% YoY driven by Uinta Basin assets.","Net income $182.3M ($1.59/diluted share); Adjusted net income $1.76/share; Adjusted EBITDAX $588.9M, up 44% YoY.","Adjusted free cash flow $73.8M used for dividends ($22.9M), revolver reduction ($31M), and Uinta acquisition settlement ($14.9M).","Capital expenditures $440.8M (incl. $15M accelerated equipment spend and $5M non-op Midland); full-year LOE guidance raised to ~$5.90/Boe.","Appointed Blake McKenna as SVP Strategic Planning & Corporate Reserves; borrowing base reaffirmed at $3.0B, liquidity ~$2.0B."],"urls":{"canonical":"https://secwatch.observer/filing/0000893538-25-000039","json":"https://secwatch.observer/filing/0000893538-25-000039.json","markdown":"https://secwatch.observer/filing/0000893538-25-000039.md","text":"https://secwatch.observer/filing/0000893538-25-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/893538/000089353825000039/0000893538-25-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/893538/000089353825000039/sm-20250501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T01:38:48.023004+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}