SM Energy: Reviewing Its Outlook For 2024 [Seeking Alpha]
SM Energy Company (SM)
Last sm energy company earnings: 2/19 04:15 pm
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US:NYSE Investor Relations:
ir.sm-energy.com
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Source: Seeking Alpha
It recently increased its quarterly dividend by 20% to $0.18 per share. This leaves over $400 million of its 2024 free cash flow for share repurchases, debt paydown and acquisitions. SM Energy's net debt was reduced to under $1 billion at the end of 2023. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » SM Energy Company NYSE: SM ) has managed to reduce its net debt below $1 billion, and now has $616 million in cash on hand ( at the end of 2023 ) in addition to $1.585 billion in outstanding notes. I project that SM will generate $491 million in free cash flow in 2024 at current strip prices. SM increased its dividend by 20% and now offers a $0.18 per share quarterly dividend. This should leave over $400 million of its 2024 free cash flow remaining for share repurchases, acquisitions, and/or further debt reduction. SM's production and cost outlook for 2024 is largely similar to how I modeled its 2024 results b
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News
- SM Energy (NYSE:SM) stock performs better than its underlying earnings growth over last five years [Yahoo! Finance]Yahoo! Finance
- Galp Energia (GLPEY) Taps Into Vast Hydrocarbon Reserves [Yahoo! Finance]Yahoo! Finance
- Is Most-Watched Stock SM Energy Company (SM) Worth Betting on Now? [Yahoo! Finance]Yahoo! Finance
- Why SM Energy (SM) is a Top Momentum Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- SM Energy (SM) Outpaces Stock Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
SM
Earnings
- 2/21/24 - Beat
SM
Sec Filings
- 4/4/24 - Form DEF
- 4/4/24 - Form DEFA14A
- 3/21/24 - Form 4
- SM's page on the SEC website