SM Energy(US:SM)2025-08-01 14:00Financial Performance - SM Energy's Q2 2025 total net production reached 2091 MBoe/d, with 55% oil[10] - Adjusted EBITDAX for Q2 2025 was $5696 million[10] - Adjusted net income per share for Q2 2025 was $150[10] - Net debt was reduced by approximately $140 million in Q2 2025[8] Operational Highlights - The company paid a cash dividend of $020 per share in Q2 2025, representing an annualized dividend yield of 3%[8] - Uinta Basin integration is complete, leading to optimization and efficiency gains[10] - Average per foot drilling and completion cost decreased by 15%[37] - Completed footage increased by 64% on average per day[37] Reserves and Production Growth - Estimated net proved reserves increased by 68% from December 31, 2020, to December 31, 2024[12, 14] - Average total net daily production is estimated to increase by 76% from 2020 to 2025[12, 14] Hedging Strategy - Approximately 9600 MBbls of expected 3Q25-4Q25 net oil production is hedged at a weighted-average price of $6507/Bbl to $7042/Bbl[49] - Approximately 36000 BBtu of expected 3Q25-4Q25 net natural gas production is hedged at a weighted-average price of $367/MMBtu to $431/MMBtu[49]