SM Energy Says FY23 Production Was 55.5 MMBoe Or 152.0 MBoe/d (Up 5% YoY); Company Adds That Q4 Production Was 14.1 MMBoe, Or 153.5 MBoe/d, At 43% Oil, Which Exceeded High End Of Guidance
Portfolio Pulse from Benzinga Newsdesk
SM Energy reported a 5% year-over-year increase in FY23 production, reaching 55.5 MMBoe or 152.0 MBoe/d. Q4 production exceeded guidance at 14.1 MMBoe or 153.5 MBoe/d, with 43% oil composition.
February 01, 2024 | 11:58 am
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POSITIVE IMPACT
SM Energy reported a 5% increase in FY23 production and exceeded Q4 guidance, indicating strong operational performance.
The reported increase in production and exceeding of Q4 guidance by SM Energy suggests operational efficiency and potential for increased profitability. This positive performance is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100