Sm energy announces highly accretive $2.0 billion uinta basin acquisition, 11% increase to fixed dividend and reloaded $500 million share repurchase program

Denver , june 27, 2024 /prnewswire/ -- sm energy company (the "company" or "sm energy") (nyse: sm) today announces that it has entered into an agreement to acquire the uinta basin oil and gas assets owned by certain entities affiliated with xcl resources, llc ("xcl"), a private company backed by encap investments l.p. ("encap") and rice investment group ("rice"), for an unadjusted purchase price of $2.55 billion.
SM Ratings Summary
SM Quant Ranking