Risk Factors Update Summary
- Name change from "us" to "SM Energy" enhances brand identity and investor recognition.
- Proposed updates to GHG reporting requirements align with the Inflation Reduction Act of 2022.
- Exploration costs now expensed as dry hole costs instead of initially capitalized.
- Recent years saw increased impact of inflation on oilfield services, equipment, and materials.
- Recorded amounts related to unsuccessful exploration activity increased between 2022 and 2023.
- Global geopolitical tensions, including Russia-Ukraine conflict, may heighten oil and gas volatility.
- Interest rates may change, impacting borrowing costs, as the Federal Reserve adjusts rates.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=893538&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.