Guidance And Expectations1Q25 guidance was also light with oil production below expectations on higher capex due to timing.
Operational ConcernsConcerns over the 2H ramp, '26 cap efficiency, Uinta integration/execution, and Midland Basin reserve revisions weigh on the stock.
Production IssuesSM reported generally underwhelming 4Q24 results that missed expectations, mainly due to lower oil production from the Uinta Basin due to downtime from third-party takeaway.