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Last September, I recommended going long on SM Energy due to its favorable fundamentals and correlation with WTI oil prices, resulting in a +10% rally by year-end. Currently, technical analysis suggests WTI crude oil is in a downtrend, likely to retest support levels around $67.5/barrel. Geopolitical factors, including OPEC's production decisions, potential easing of sanctions on Russia, and global economic conditions, create downward pressure on oil prices.
SM Energy's Q4 2024 production results were within expectations, although a bit towards the lower end. Production would have been around the midpoint of expectations without Uinta Basin third-party crude takeaway issues. SM is projected to generate $883 million in free cash flow at 2025 strip prices.
SM Energy Company (SM) Q4 2024 Earnings Call Transcript
SM's Q4 earnings beat estimates, driven by increased oil equivalent production volumes partially offset by higher hydrocarbon production expenses.
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.
DENVER , Feb. 19, 2025 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announces certain fourth quarter and full year 2024 operating and financial results, year-end 2024 estimated net proved reserves and its 2025 operating plan. In 2024, SM Energy met all of its strategic objectives and delivered certain record results.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Beyond analysts' top -and-bottom-line estimates for SM Energy (SM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
In the most recent trading session, SM Energy (SM) closed at $38.97, indicating a +0.15% shift from the previous trading day.
SM Energy (SM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.