SM Energy Company (NYSE:SM) Q4 2024 Earnings Conference Call February 19, 2025 4:15 PM ET
Company Participants
Jennifer Martin Samuels – VP, IR
Herb Vogel – President and CEO
Beth McDonald – COO
Wade Pursell – CFO
Jennifer Martin Samuels
Good afternoon. And welcome to SM Energy’s webcast covering 2024 Results and our 2025 operating plan.
Before we get started on our prepared remarks, I remind you that our discussion today will include forward-looking statements. I direct you to Slide 2 of the accompanying slide deck, Page 8 of the accompanying earnings release and the risk factor section of our most recently filed 10-K, which describe risks associated with forward-looking statements that could cause actual results to differ. We will also discuss non-GAAP measures and metrics. Definitions and reconciliations of non-GAAP measures and metrics to the most directly comparable GAAP measures and discussion of forward-looking non-GAAP measures can be found in the back of the slide deck and earnings release.
Today’s prepared remarks will be given by our President and CEO, Herb Vogel; our COO, Beth McDonald; and our CFO, Wade Pursell.
I will now turn the call over to Herb.
Herb Vogel
Thank you, Jennifer. Good afternoon, everyone. And thank you for your interest in SM Energy. We’ll start on Slide 5. 2024 was an outstanding year for our company, so we have a lot to cover today. We exceeded expectations in delivering on our three strategic objectives and we ended the year a notably larger operator with the addition of Uinta Basin assets. Execution in 2024 supported record oil production, record year end net proved reserves and the highest level of dividends paid to stockholders. We are starting 2025 well positioned with greater scale, a strong balance sheet and an expanded SM Energy team capable of an even better 2025. We are excited about our plans for 2025 and we’ll spend
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