SM Energy(US:SM)2025-11-04 21:15Financial Performance - Q3 production reached 213800 Boe/d, with over 53% being oil[15] - Adjusted EBITDAX for Q3 was $5882 million[15] - Adjusted Free Cash Flow for Q3 was $2343 million[15] - Net debt reduced by over $60 million, resulting in a leverage of 11x[15] Capital Allocation - Share repurchases in Q3 amounted to $12 million[15] - A cash dividend of $020 per share was paid in Q3, resulting in an annualized dividend yield of 4%[15] - Cumulative capital returned to stockholders reached $625 million, with over 35% of FCF returned[24] Operational Highlights - Estimated Net Proved Reserves increased by 68% from December 31, 2020, to December 31, 2024[10] - Total Net Production is expected to increase by 64% from full-year 2020 to estimated full-year 2025[10] - Oil Production is expected to increase by 76% from full-year 2020 to estimated full-year 2025[10]