SM Energy Company today announces that its Board of Directors approved a quarterly cash dividend of $0.15 per share of common stock outstanding. The dividend will be paid on May 5, 2023, to stockholders of record as of the close of business on April 21, 2023. The Company currently has approximately 120.5 million shares of common stock outstanding, which reflects a reduction of approximately 1.4 million shares from the [...]
SM Energy Company today announced certain fourth quarter and full year 2022 operating and financial results, year-end 2022 estimated proved reserves and its 2023 operating plan. Highlights include: Substantial growth in profitability. Net income for the full year 2022 and fourth quarter 2022 was $1.11 billion and $258.5 million, or $8.96 and $2.09 per diluted common share, respectively. Adjusted net income for the full [...]
SM Energy Company today announces that it expects to release its fourth quarter and full year 2022 financial and operating results and 2023 operating plan after market on February 22, 2023. See schedule below: February 22, 2023 - After market close, the Company plans to issue its fourth quarter and full year 2022 financial and operating results and 2023 operating plan, which will include an earnings release, a [...]
SM Energy Company today announced the retirement of Executive Vice President and General Counsel David Copeland. Chief Executive Officer Herb Vogel comments: "David has been with our Company for 12 years and has served as a consummate legal advisor while providing dedicated leadership. We will miss David and wish him well as he is able to spend more time with his wife, children and grandchildren." The retirement of Mr [...]
SM Energy Company today announces that its Board of Directors approved a quarterly cash dividend of $0.15 per share of common stock outstanding. The dividend will be paid on February 6, 2023, to stockholders of record as of the close of business on January 20, 2023. The Company currently has approximately 121.9 million shares of common stock outstanding, which reflects a reduction of approximately 900,000 shares from the [...]
SM Energy Company today announced the retirement of Senior Vice President - Operations Newt Newton and Vice President - Human Resources Candace Lyon. Chief Executive Officer Herb Vogel comments: "Newt joined SM Energy in 2006, overseeing Midland Basin assets until 2020 when he assumed responsibility for Company-wide operations. He was a key player in greatly expanding the Company's Midland Basin asset position. He was [...]
SM Energy Company today announced operating and financial results for the third quarter 2022 and provided certain fourth quarter and full year 2022 guidance. Highlights include: Driving profitability. Net income in the third quarter and for the first nine months of 2022 was $481.2 million, or $3.87 per diluted common share, and $853.5 million, or $6.87 per diluted common share, respectively. Adjusted net income in the [...]
SM Energy Company today provides the schedule for reporting third quarter 2022 financial and operating results and provides certain preliminary third quarter results. THIRD QUARTER 2022 The Company provides the following preliminary results regarding third quarter production and realized prices. PRODUCTION BY OPERATING AREA Midland Basin South Texas Total Oil 4,497 / 48.9 1,179 / 12.8 5,676 / 61.7 Natural Gas 16,082 [...]
SM Energy Company today announced that its Board of Directors has approved a return of capital strategy that includes: Share repurchase authorization of up to $500 million through year-end 2024 Fixed dividend increased to $0.60 per share annually President and CEO Herb Vogel comments: "Together with our Board of Directors, I am delighted to announce that we are initiating our program to return capital to stockholders. We [...]
SM Energy Company today announced the publication of its updated environmental, social and governance materials, all of which are available on the Company's website at http://sm-energy.com/sustainability/. Updated publications include: Letter from our CEO to Stakeholders Quick Reference ESG Metrics and Performance Highlights Corporate Responsibility Report CDP Climate Change Questionnaire 2022, which reports 2021 data [...]
SM Energy Company today announced operating and financial results for the second quarter 2022 and provided certain third quarter and full year 2022 guidance. Highlights include: Leverage ratio target met, net debt target fast approaching. The Company remains ahead of schedule to meet its key strategic leverage targets of 1.0 times net-debt-to-adjusted EBITDAX and $1.0 billion principal amount of debt net of cash, an [...]
Lunch Keynote Presentations Feature BPX Energy, Vivek Ramaswamy with Strive Wealth Management and Petrie Partners Panels include discussions on Capital Allocation, Responsibly Sourced Gas, Private Capital, Carbon Capture, Renewable Natural Gas, ESG, Private Companies and Commodity Market Outlook EnerCom, Inc. announced today that the EnerCom Denver investment conference will feature management team presentations, breakout [...]
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