Financial PerformanceSM reported solid 1Q25 financial results with a beat across key metrics including DCFPS, EBITDA, and FCF.
ReservesSM reported year-end proved reserves of 678.3 MMboe, which is 12% higher compared to the previous year.
ValuationOn an EV/EBITDA basis, SM trades below its peers' average multiples for 2025 and 2026, suggesting undervaluation.