SM Energy Hikes Quarterly Dividend 10% to $0.22 After $950M Asset Sale
SM Energy approved a 10% increase in its quarterly dividend to $0.22 per share, following the sale of $950 million in assets and launch of a $500 million share buyback program. The dividend applies to shareholders of record on March 9, payable March 23, with $12 million repurchased.
1. Dividend Hike and Share Buyback
SM Energy approved a 10% increase in its quarterly dividend to $0.22 per share, payable March 23 to shareholders of record on March 9, and launched a $500 million share repurchase program, of which $12 million has been executed.
2. Asset Sale and Capex Reduction
The company completed the sale of $950 million in assets, strengthening its balance sheet, while reducing capital expenditures by 14% and dialing back rig activity to preserve cash flow.
3. Quarterly and Full-Year Financial Results
In full-year 2025, SM Energy’s net income fell 15.8% to $648 million while revenues rose 17% to $3.15 billion. In Q4 alone, net income slid 42% to $109 million as operating revenues dropped 17% to $705 million year-over-year.