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SM ENERGY REPORTS FOURTH QUARTER AND FULL-YEAR 2025 FINANCIAL AND OPERATING RESULTS
SM Energy Company (the "Company" or "SM Energy") (NYSE: SM) today reported financial and operating results for the fourth quarter and full-year 2025. Accompanying slides can be found on the Company's website at sm-energy.com/investors/news-events/presentations. A conference call is scheduled for 8 a.m. MT/10 a.m. ET on February 26, 2026. Participation details can be found within this release.
About this update from Sm Energy Company
[{"type":"text","content":"Full-year 2025 results include record production and record operating cash flow and adjusted EBITDAX(1)","length":103,"tagName":"p","attribs":{}},{"type":"text","content":"DENVER, Feb. 25, 2026 /PRNewswire/ -- SM Energy Company (the "Company" or "SM Energy") (NYSE: SM) today reported financial and operating results for the fourth quarter and full-year 2025. Accompanying slides can be found on the Company's website at sm-energy.com/investors/news-events/presentations. A conference call is scheduled for 8 a.m. MT/10 a.m. ET on February 26, 2026. Participation details can be found within this release.","length":457,"tagName":"p"},{"type":"text","content":""SM Energy enters its next chapter as a century‑strong, future‑ready company," said President and CEO Beth McDonald. "In 2025, we delivered record cash flow from operations and record net production. We've built great momentum for 2026 with expanded scale and a clear strategic plan to create differentiating value. We're rapidly integrating the combined business and unlocking meaningful synergies. With our recently announced $950 million South Texas asset divestiture at an accretive valuation, we are well on our way to achieving our $1.0 billion divestiture target to bolster the balance sheet and enhance return of capital."","length":658,"tagName":"p"},{"type":"text","content":"FULL-YEAR 2025:","length":15,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Announced merger with Civitas Resources, which closed on January 30, 2026, and delivers enhanced scale and meaningful expected synergies","length":146,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of $648 million, $5.64 per diluted share; $623 million adjusted net income,(1) $5.42 per diluted share","length":113,"tagName":"p"}]},{"val":[{"type":"text","content":"Record operating cash flow of $2.01 billion; totaled $2.02 billion before net change in working capital, including change in certain long-term prepayments(1) ","length":157,"tagName":"p"}]},{"val":[{"type":"text","content":"Record adjusted EBITDAX(1) of $2.26 billion, 13% higher than 2024, driven by record production and resilient margins, offsetting a 14% decline in benchmark oil price","length":175,"tagName":"p"}]},{"val":[{"type":"text","content":"Capital ...