SM Energy reports Q4 adjusted EPS $1.29, consensus $1.26

Reports Q4 revenue $671.32M, consensus $614.72M. Q4 production was 13.1 MMBoe or 142.9 MBoe/d. CEO Herb Vogel comments: "We are very pleased to report our results and achievements for 2022, which exceeded our strategic objectives. We generated Adjusted free cash flow of $848.7M, a 20% yield to market capitalization at year-end. We outperformed our leverage objective and initiated a capital return program via an increased dividend and share repurchases. Proved reserves increased to 537 million Boe, which resulted in a Pre-tax PV-10 value of $12.15B and demonstrated our high-quality asset base. Our strategy is to be a premier operator of top tier assets and our 2023 objectives are intended to drive value creation, differential performance and increased stockholder returns."