SM Energy Company ( (SM) ) has released its Q4 earnings. Here is a breakdown of the information SM Energy Company presented to its investors.
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SM Energy Company, an independent energy firm specializing in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in Texas and Utah, reported record financial results for 2024 and outlined a transformative operational plan for 2025. The company’s achievements in 2024 include a 23% increase in oil production and a 12% rise in total net production compared to the previous year. Furthermore, SM Energy reported record year-end net proved reserves, a significant increase in dividends, and a notable reduction in its revolving credit facility balance.
The company’s financial performance was strong, with a net income of $770.3 million for the full year 2024 and $188.3 million for the fourth quarter. SM Energy also recorded a substantial adjusted EBITDAX of $2.0 billion for the year, reflecting a positive year-over-year trend. In addition to financial metrics, the company emphasized its leadership development efforts, receiving two prestigious awards for its innovative approach.
Looking ahead, SM Energy’s 2025 plan focuses on optimizing capital efficiency, integrating the recently acquired Uinta Basin assets, and expanding its top-tier drilling inventory. The company expects a more than 20% increase in net production and over 30% growth in oil production, aiming to maintain its trajectory of strong performance and shareholder returns. The strategy includes resuming share buybacks and continuing dividend payments.
As SM Energy progresses into 2025, it remains committed to enhancing its operational scale and efficiency, leveraging its core assets, and generating free cash flow to support its financial goals. The company’s leadership team is focused on maintaining a robust balance sheet while pursuing strategic growth opportunities to enhance shareholder value.
