SM Energy Co (N:SM)
Business Focus: Oil & Gas Exploration and Production
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1700 LINCOLN STREET, SUITE 3200 DENVER CO 80203 |
| Tel: | 1-303-8642507 |
| Website: | https://www.sm-energy.com |
| IR: | See website |
| Key People | ||
| Herbert S. Vogel President, Chief Executive Officer, Director | A. Wade Pursell Chief Financial Officer, Executive Vice President | James B. Lebeck Executive Vice President, General Counsel |
| Kenneth J. Knott Senior Vice President - Business Development and Land | Mary Ellen Lutey Senior Vice President - Exploration, Development and EHS | Patrick Allen Lytle Vice President, Chief Accounting Officer, Controller |
| Business Overview |
| SM Energy Company s an independent energy company. The Company is engaged in the acquisition, exploration, development, and production of oil, gas, and natural gas liquid (NGL) in the state of Texas. The Company's asset portfolio is comprised of assets in the Midland Basin of West Texas and in the Maverick Basin of South Texas. The Company's Midland Basin assets are located in the Permian Basin in West Texas is comprised of approximately 110,000 net acres and include its RockStar assets in Howard and Martin Counties, Texas, its Sweetie Peck assets in Upton and Midland Counties, and Klondike assets in Dawson and northern Martin counties (Midland Basin). Its South Texas assets are comprised of approximately 155,000 net acres located in Dimmit and Webb Counties, Texas (South Texas). The Company's operations in South Texas are focused on production from the Eagle Ford shale formation and Austin Chalk formation, and further development of the Austin Chalk formation. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, SM Energy Co revenues decreased 29% to $2.37B. Net income decreased 26% to $817.9M. Revenues reflect Crude Oil Production (Barrels)-Permaian decrease of 8% to 17.5M barrels, Oil Equivalent Production-Permian decrease of 7% to 75K barrels per day, Other operating income decrease of 22% to $10M. Net income also reflects Exploration and Development Costs, Total increase of 8% to $59.5M. |
| Employees: | 544 as of Feb 8, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6,762M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,374M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,609M as of Dec 31, 2023 |
| Net annual income (TTM): | $817.88M as of Dec 31, 2023 |
| Free cash flow (TTM): | $403.44M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $959.17M as of Dec 31, 2023 |
| Shares outstanding: | 115,034,305 as of Apr 1, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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