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Sm Energy Company (SM)
NYSE:SM
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.03Last Year’s EPS
1.41Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 0.00%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call presented numerous positive developments, including record-breaking oil production, strong reserve growth, and significant increases in free cash flow and dividend payouts. However, the high capital expenditure and integration challenges present some concerns. Overall, the positive aspects significantly outweigh the negatives.Company Guidance
During the call, SM Energy provided guidance for 2025, highlighting a projected 20% growth in production and more than 30% growth in oil production year-over-year. The company plans to invest approximately $1.3 billion in capital expenditures, excluding acquisitions, with a focus on drilling and completing approximately 105 and 150 net wells, respectively. Production costs are expected to be between $5.30 and $5.50 per BOE, and the company aims to achieve a free cash flow increase of over 40% compared to 2024. The anticipated production range is 200,000 to 215,000 BOE per day, with 51% to 52% being oil. Additionally, SM Energy's financial strategy includes maintaining a strong balance sheet with a target leverage of around 1 times net debt to adjusted EBITDAX, prioritizing debt reduction, and returning capital to stockholders through dividends and share repurchases.Record-Breaking Oil Production
2024 saw record daily oil production, which was up 23% year-over-year, contributing to a total production increase of 12%.
Significant Free Cash Flow Increase
The 2025 plan anticipates a year-over-year increase in free cash flow of more than 40%, with a free cash flow yield to current market capitalization of approximately 15%.
Strong Reserve Growth
Record year-end estimated net proved reserves total 678 million barrels of oil equivalent, with reserves growing 12% and oil reserves growing 29% from year-end 2023.
Increased Dividend
The company increased its sustainable annual fixed dividend to $0.80 per share, marking a record high.
Uinta Basin Acquisition
The addition of Uinta Basin assets resulted in more than 20% production growth and over 30% oil production growth year-over-year.
Operational Efficiency
Significant improvements in drilling and completion efficiencies: Midland saw a 20% improvement in drilling footage per day and nearly doubled completion efficiencies, while South Texas improved drilling by 27% and completion efficiency by 18%.
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SM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $38.83 | ― | ― |
| Oct 31, 2024 | $41.77 | $40.08 | -4.05% |
| Aug 07, 2024 | $38.61 | $42.83 | +10.93% |
| May 02, 2024 | $47.10 | $49.46 | +5.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sm Energy Company (SM) report earnings?
Sm Energy Company (SM) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Sm Energy Company (SM) earnings time?
Sm Energy Company (SM) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SM EPS forecast?
SM EPS forecast for the fiscal quarter 2025 (Q1) is 2.03.
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