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Stock impact report

SM Energy Q4 Earnings Call Highlights [Yahoo! Finance]

SM Energy Company (SM) 
Last sm energy company earnings: 2/19 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.sm-energy.com
Company Research Source: Yahoo! Finance
million in synergies (with $185 million already actioned) and claiming total synergies could unlock up to $1.5 billion in present value. The 2026 capital program calls for $2.65–$2.85 billion of capex (about 14% below pro forma 2025), activity trimmed to ~11 rigs, and guidance built to maximize free cash flow at $60 oil / $3.50 gas with second-half production expected at 420,000–430,000 BOE/d (55% oil). SM strengthened liquidity and the balance sheet—net debt fell ~$437 million to roughly 1x leverage, the borrowing base was expanded and liquidity is near $3 billion—announced a $950 million South Texas divestiture, raised the fixed dividend 10% to $0.88, and will allocate post-dividend FCF 80% to debt reduction and 20% to buybacks. Interested in SM Energy Company? Here are five stocks we like better. Up 135% in the Past Year, Can Cameco Continue Its Run? SM Energy (NYSE:SM) executives used the company's fourth-quarter and full-year 2025 results call to frame 2025 as a “pivota Show less Read more
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