SM Energy Company (SM) Q1 2025 Earnings Call May 01, 2025 04:15 PM ET Company Participants Patrick Lytle - Senior VP - FinanceHerbert Vogel - President & CEOBeth McDonald - EVP & COOA. Wade Pursell - EVP & CFO Patrick Lytle Good afternoon. This is Pat Lytle, Senior Vice President of Finance. Welcome to SM Energy's First Quarter twenty twenty five Financial and Operating Results Webcast. Before we get started on our prepared remarks, I remind you that our discussion today will include forward looking stateme ...

NYSE: SM SM-Energy.com First Quarter 2025 Financial & Operating Results May 1, 2025 Disclaimers Forward-looking Statements This presentation contains forward-looking statements within the meaning of securities laws. The words "believes," "demonstrate," "estimate," "expect," "intends," "plan," "preliminary," "target," and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this release include, among other things: certain projections for the full year and se ...

News Release EXHIBIT 99.1 SM ENERGY REPORTS FIRST QUARTER 2025 FINANCIAL AND OPERATING RESULTS; SUCCESSFUL UINTA BASIN INTEGRATION DRIVES PRODUCTION TO HIGH END OF GUIDANCE AT 53% OIL DENVER, CO May 1, 2025 - SM Energy Company (the "Company") (NYSE: SM) today reported operating and financial results for the first quarter 2025 and provided certain full year and second quarter 2025 guidance. Highlights include: President and Chief Executive Officer Herb Vogel comments: "We took the reins of the Uinta Basin op ...

SM Energy Company (SM) Q1 2025 Earnings Call May 01, 2025 04:15 PM ET Company Participants Patrick Lytle - Senior VP - FinanceHerbert Vogel - President & CEOBeth McDonald - EVP & COOA. Wade Pursell - EVP & CFO Patrick Lytle Good afternoon. This is Pat Lytle, Senior Vice President of Finance. Welcome to SM Energy's First Quarter twenty twenty five Financial and Operating Results Webcast. Before we get started on our prepared remarks, I remind you that our discussion today will include forward looking stateme ...

Core Viewpoint - SM Energy Company reported strong first quarter 2025 results, driven by successful integration of Uinta Basin assets, with a focus on maintaining a strong balance sheet and returning capital to shareholders through dividends and share repurchases [3][4][8]. Financial Performance - First quarter 2025 net production was 17.8 million barrels of oil equivalent (MMBoe), or 197.3 MBoe per day, with 53% of production being oil [8][9]. - Net income for the first quarter was $182.3 million, or $1.59 per diluted share, compared to $131.2 million, or $1.13 per diluted share in the same period of 2024, reflecting a 39% increase [11][12]. - Adjusted EBITDAX for the first quarter was $588.9 million, up 44% from $409.0 million in the same period of 2024 [13][47]. Production and Pricing - The company achieved a total daily production increase of 36% and daily oil production increase of 63% compared to the first quarter of 2024, largely due to Uinta Basin assets [8][9]. - Realized prices for oil, natural gas, and NGLs were $70.56 per barrel, $3.30 per Mcf, and $25.86 per barrel respectively, with total average realized price before hedges at $47.29 per Boe [7][45]. Capital Expenditures and Cash Flow - Capital expenditures for the first quarter totaled $440.8 million, including accelerated spending for production equipment [14][16]. - Adjusted free cash flow was $73.8 million, utilized for dividends, debt reduction, and acquisition settlements [16][12]. Operational Highlights - The company drilled 41 net wells in the first quarter, with significant activity in the Uinta Basin [15]. - SM Energy was recognized among the top three operators for sustainability in 2023 by Rystad Energy, emphasizing its commitment to stewardship [8]. Guidance and Future Outlook - Full year 2025 guidance remains unchanged, with an increase in lease operating expenses (LOE) to approximately $5.90 per Boe due to higher workover activity and costs [24][28]. - The company expects to maintain production levels between 197 to 203 MBoe per day in the second quarter of 2025 [28].

SM Energy Company (SM) Q1 2025 Earnings Call May 01, 2025 04:15 PM ET Speaker0 Good afternoon. This is Pat Lytle, Senior Vice President of Finance. Welcome to SM Energy's First Quarter twenty twenty five Financial and Operating Results Webcast. Before we get started on our prepared remarks, I remind you that our discussion today will include forward looking statements. I direct you to Slide two of the accompanying slide deck, Page five of the accompanying earnings release and the Risk Factors section of our ...

Core Viewpoint - SM Energy's stock performance has lagged behind major indices, with a significant decline over the past month, while upcoming earnings are anticipated to show growth in EPS and revenue compared to the previous year [1][2][3]. Company Performance - SM Energy's stock closed at $23.17, reflecting a +0.78% change from the previous day, which is lower than the S&P 500's gain of 2.03% [1]. - Over the past month, SM Energy shares have decreased by 25.33%, underperforming the Oils-Energy sector's loss of 10.82% and the S&P 500's loss of 5.07% [1]. Earnings Expectations - The company is expected to report earnings on May 1, 2025, with an anticipated EPS of $1.57, representing an 11.35% increase year-over-year [2]. - The Zacks Consensus Estimate for revenue is projected at $822.88 million, which is a 46.98% increase from the same quarter last year [2]. Full-Year Estimates - For the full year, the Zacks Consensus Estimates predict earnings of $6.07 per share and revenue of $3.37 billion, indicating a year-over-year decline in earnings of -10.74% and an increase in revenue of +25.29% [3]. Analyst Forecast Revisions - Recent revisions to analyst forecasts for SM Energy are crucial as they reflect changes in short-term business dynamics, with positive revisions indicating analysts' confidence in the company's performance [4]. Zacks Rank and Valuation - SM Energy currently holds a Zacks Rank of 5 (Strong Sell), with the Zacks Consensus EPS estimate having decreased by 14.63% over the last 30 days [6]. - The company is trading at a Forward P/E ratio of 3.79, which is below the industry average Forward P/E of 7.65 [7]. Industry Context - The Oil and Gas - Exploration and Production - United States industry, to which SM Energy belongs, has a Zacks Industry Rank of 197, placing it in the bottom 21% of over 250 industries [7].

SM Energy (SM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on May 1, 2025, might help the stock move higher if these key numbers are better than expectatio ...

Company Performance - SM Energy's stock closed at $21.96, reflecting a +1.34% increase compared to the previous day, outperforming the S&P 500's daily gain of 0.79% [1] - Over the past month, SM Energy shares have decreased by 27.74%, while the Oils-Energy sector and the S&P 500 have lost 8.15% and 3.56%, respectively [1] Upcoming Earnings - SM Energy is expected to report an EPS of $1.68, which represents a 19.15% increase from the same quarter last year [2] - Revenue is anticipated to be $834.34 million, indicating a 49.02% rise compared to the year-ago quarter [2] Full Year Estimates - For the full year, earnings are projected at $7.09 per share and revenue at $3.47 billion, reflecting changes of +4.26% and +28.91% from the previous year [3] - Recent revisions to analyst forecasts for SM Energy are crucial as they indicate evolving short-term business trends, with positive revisions suggesting analyst optimism [3] Valuation Metrics - SM Energy has a Forward P/E ratio of 3.06, which is a discount compared to the industry's average Forward P/E of 6.92 [6] - The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector and currently holds a Zacks Industry Rank of 190, placing it in the bottom 24% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates SM Energy as 5 (Strong Sell) [5] - Over the past month, there has been a 0.49% decline in the Zacks Consensus EPS estimate for SM Energy [5]

Core Points - SM Energy Company plans to release its first quarter 2025 financial and operating results after market hours on May 1, 2025 [1] - A Q&A session with SM Energy management will take place on May 2, 2025, at 8:00 a.m. Mountain time [2] - SM Energy is an independent energy company focused on the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in Texas and Utah [2] Financial Results Release - The first quarter 2025 financial and operating results will include an earnings release, a pre-recorded webcast, and an associated presentation [1] - All materials will be posted on the Company's website [1] Q&A Session Details - The Q&A session will be accessible via a live conference call and will also be available for replay [3] - Participants can join the live call by registering through the provided link [3]