Core Insights - SM Energy reported revenue of $844.54 million for the quarter ended March 2025, marking a 50.9% increase year-over-year, with EPS at $1.76 compared to $1.41 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $821.97 million by 2.75%, and the EPS also surpassed the consensus estimate of $1.60 by 10% [1] Financial Performance Metrics - Average daily production totaled 197.3 million barrels of oil equivalent, slightly above the five-analyst average estimate of 196.49 million barrels [4] - Average daily crude oil production was 103.7 million barrels, exceeding the four-analyst average estimate of 102.64 million barrels [4] - Average daily natural gas production reached 404.2 million cubic feet, surpassing the four-analyst average estimate of 397.64 million cubic feet [4] - Average realized price for crude oil was $70.87 per barrel, higher than the $70.67 estimated by two analysts [4] - Operating revenue from oil, gas, and NGL production was $839.62 million, exceeding the two-analyst average estimate of $823.02 million, reflecting a year-over-year increase of 50% [4] Stock Performance - SM Energy's shares have declined by 25.3% over the past month, while the Zacks S&P 500 composite has only decreased by 0.7% [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance compared to the broader market in the near term [3]

SM Energy (SM) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.60 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $1.86 per share when it actually produced earnings of $1.91, delivering a surprise of 2.69%.Over the last four quarters, ...

SM Energy Company (NYSE:SM) Q1 2025 Results Prepared Remarks May 1, 2025 4:15 PM ET Company Participants Patrick Lytle - Senior Vice President, Finance Herbert Vogel - President and CEO Beth McDonald - Chief Operating Officer Wade Pursell - Chief Financial Officer Patrick Lytle Good afternoon. This is Pat Lytle, Senior Vice President of Finance. Welcome to SM Energy's First Quarter 2025 Financial and Operating Results Webcast. Before we get started on our prepared remarks, I remind you that our discussion t ...

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].