SM Energy GAAP EPS of $3.43 beats by $2.71, revenue of $854.96M beats by $259.73M

• SM Energy press release (NYSE:SM): Q4 GAAP EPS of $3.43 beats by $2.71.
• Revenue of $854.96M (+166.9% Y/Y) beats by $259.73M.
• Shares -7.16% AH
• Q122 Guidance: Production: 13.5-13.8 MMBoe, or 150-153 MBoe/d, at 46% oil, reflecting the effect of only 4 Midland Basin completions in the fourth quarter 2021. Capital expenditures: $180-190 million.
• FY22 Guidance: Production: Approximately 51-54 MMBoe or 140-148 MBoe/d at 46-47% oil; assumes ethane processing for the full year. This projection implies low single-digit production growth year-over year. Capital expenditures: ~$750 million, excluding acquisitions.