SM ENERGY REPORTS THIRD QUARTER 2024 RESULTS HIGHLIGHTING EXCELLENT OPERATIONAL EXECUTION THAT DELIVERED INCREASED OIL PRODUCTION ON LOWER CAPITAL
1. SM Energy reported 15.6 MMBoe production, exceeding guidance. 2. Net income was $240.5 million, reflecting strong operational performance. 3. Acquisition of Uinta Basin increased production capacity and financial metrics. 4. Debt management improved with a $3 billion borrowing base. 5. 2024 guidance revised with production targets increased.