SM Energy: Works On Integrating Its Uinta Basin Assets
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SM Energy's Q3 2024 production exceeded expectations, driven by its Uinta Basin acquisition, which increased production to over 200,000 BOEPD and oil cut above 50%. The company is projected to generate $612 million in 2025 free cash flow with oil prices in the high-$60s.
November 23, 2024 | 4:00 am
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SM Energy's Q3 2024 production exceeded expectations due to its Uinta Basin acquisition, increasing production to over 200,000 BOEPD and oil cut above 50%. The company is expected to generate $612 million in 2025 free cash flow with oil prices in the high-$60s.
The acquisition of Uinta Basin assets has significantly boosted SM Energy's production and oil cut, leading to better-than-expected Q3 2024 results. The projected free cash flow of $612 million in 2025 with stable oil prices suggests strong financial performance, likely positively impacting the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100