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SM Energy sees FY24 CapEx $1.14B-$1.18B

Full year guidance for net production is increased 2% at the mid-point to 57-60 MMBoe or 156-164 MBoe/d at ~44% oil. Full year guidance for capital expenditures (net of the change in capital accruals), excluding acquisitions, is reduced 2% at the mid-point to $1.14-$1.18 billion. Full year guidance for transportation expense per Boe is reduced 9% at the mid-point to $2.10-2.20 per Boe. Other line items remain unchanged.

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