SM Energy Management

Management criteria checks 2/4

SM Energy's CEO is Herb Vogel, appointed in Jul 2020, has a tenure of 4.33 years. total yearly compensation is $11.06M, comprised of 7.4% salary and 92.6% bonuses, including company stock and options. directly owns 0.43% of the company’s shares, worth €20.86M. The average tenure of the management team and the board of directors is 3.6 years and 10.3 years respectively.

Key information

Herb Vogel

Chief executive officer

US$11.1m

Total compensation

CEO salary percentage	7.4%
CEO tenure	4.3yrs
CEO ownership	0.4%
Management average tenure	3.6yrs
Board average tenure	10.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Herb Vogel's remuneration changed compared to SM Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$829m
Jun 30 2024	n/a	n/a	US$811m
Mar 31 2024	n/a	n/a	US$751m
Dec 31 2023	US$11m	US$814k	US$818m
Sep 30 2023	n/a	n/a	US$829m
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$7m	US$773k	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$883m
Mar 31 2022	n/a	n/a	US$336m
Dec 31 2021	US$4m	US$715k	US$36m
Sep 30 2021	n/a	n/a	-US$554m
Jun 30 2021	n/a	n/a	-US$738m
Mar 31 2021	n/a	n/a	-US$604m
Dec 31 2020	US$2m	US$484k	-US$765m
Sep 30 2020	n/a	n/a	-US$701m
Jun 30 2020	n/a	n/a	-US$561m
Mar 31 2020	n/a	n/a	-US$421m
Dec 31 2019	US$3m	US$498k	-US$187m
Sep 30 2019	n/a	n/a	US$225m
Jun 30 2019	n/a	n/a	US$47m
Mar 31 2019	n/a	n/a	US$13m
Dec 31 2018	US$3m	US$469k	US$508m
Sep 30 2018	n/a	n/a	US$172m
Jun 30 2018	n/a	n/a	US$219m
Mar 31 2018	n/a	n/a	US$82m
Dec 31 2017	US$4m	US$444k	-US$161m

Compensation vs Market: Herb's total compensation ($USD11.06M) is above average for companies of similar size in the German market ($USD3.38M).

Compensation vs Earnings: Herb's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Herb Vogel (63 yo)

4.3yrs

Tenure

US$11,060,630

Compensation

Mr. Herbert S. Vogel, also known as Herb, serves as Chief Executive Officer and Director at SM Energy Company since November 2, 2020. He has been President at SM Energy Company since July 21, 2020 and serv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Herbert Vogel	President	4.3yrs	US$11.06m	0.43% € 20.9m
A. Pursell	Executive VP & CFO	16.2yrs	US$4.70m	0.34% € 16.4m
James Lebeck	Executive Vice President of Corporate Development & General Counsel	1.8yrs	US$2.89m	0.00022% € 10.7k
Kenneth Knott	Senior Vice President of Business Development & Land	16.3yrs	US$1.99m	0.11% € 5.3m
Mary Lutey	Senior Vice President of Texas	less than a year	US$1.98m	0.12% € 6.0m
Elizabeth McDonald	Executive Vice President & Chief Operating Officer	less than a year	no data	no data
Patrick Lytle	VP, Chief Accounting Officer & Controller	6yrs	no data	0.0070% € 342.0k
Dean Lutey	VP & Chief Information Officer	3.6yrs	no data	no data
Jennifer Samuels	VP of Investor Relations & ESG Stewardship	9.5yrs	no data	no data
Julie Gray	Vice President of Marketing	1.3yrs	no data	0.030% € 1.5m
Susie Piehl	Vice President of Human Resources	1.8yrs	no data	no data
Andrew Fiske	Deputy General Counsel & Corporate Secretary	no data	no data	no data

3.6yrs

Average Tenure

55.5yo

Average Age

Experienced Management: SJL's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Herbert Vogel	President	4yrs	US$11.06m	0.43% € 20.9m
Rose Robeson	Independent Director	10.3yrs	US$270.01k	0.029% € 1.4m
Ramiro Peru	Independent Director	10.3yrs	US$297.01k	0.068% € 3.3m
William Sullivan	Independent Director	20.8yrs	US$275.03k	0.081% € 4.0m
Barton Brookman	Independent Director	less than a year	no data	0.0067% € 327.4k
Julio Quintana	Independent Chairman of the Board	18.3yrs	US$404.03k	0.084% € 4.1m
Stephen Brand	Independent Director	13.7yrs	US$315.01k	0.090% € 4.4m
Anita Powers	Independent Director	3yrs	US$270.03k	0.019% € 931.3k
Carla Bailo	Independent Director	6.1yrs	US$285.11k	0.086% € 4.2m

10.3yrs

Average Tenure

64yo

Average Age

Experienced Board: SJL's board of directors are seasoned and experienced ( 10.3 years average tenure).

SM Energy Management

Management criteria checks 2/4

Key information

Recent management updates

SM Energy Company Appoints Beth McDonald as Its New Executive Vice President and Chief Operating Officer

SM Energy Company Appoints Beth McDonald as Its New Executive Vice President and Chief Operating Officer

Independent Director recently sold €414k worth of stock

Independent Director recently sold €2.7m worth of stock

SM Energy Company, Annual General Meeting, May 23, 2024

Senior Vice President of Exploration recently sold €1.8m worth of stock

Recent updates

Third quarter 2024 earnings released: EPS: US$2.10 (vs US$1.89 in 3Q 2023)

SM Energy Company Provides Production Guidance for the Fourth Quarter of 2024 and Updates Production Guidance for the Full Year 2024

Upcoming dividend of US$0.20 per share

SM Energy Company to Report Q3, 2024 Results on Oct 31, 2024

Investor sentiment improves as stock rises 17%

Northern Oil and Gas, Inc. (NYSE:NOG) and SM Energy Company (NYSE:SM) completed the acquisition of Additional Uinta Basin Assets of Altamont Energy LLC.

SM Energy Company (NYSE:SM) and Northern Oil and Gas, Inc. (NYSE:NOG) completed the acquisition of Uinta Basin oil and gas assets from XCL AssetCo, LLC, XCL Marketing, LLC, Wasatch Water Logistics, LLC, XCL SandCo, LLC and XCL Resources, LLC.

Second quarter dividend of US$0.20 announced

SM Energy Company Appoints Beth McDonald as Its New Executive Vice President and Chief Operating Officer

SM Energy Company Appoints Beth McDonald as Its New Executive Vice President and Chief Operating Officer

Independent Director recently sold €414k worth of stock

New minor risk - Share price stability

SM Energy Company Updates Production Guidance for the Full Year 2024

Second quarter 2024 earnings released: EPS: US$1.83 (vs US$1.26 in 2Q 2023)

Investor sentiment deteriorates as stock falls 17%

SM Energy Company to Report Q2, 2024 Results on Aug 07, 2024

Upcoming dividend of US$0.18 per share

SM Energy Company (NYSE:SM) and Northern Oil and Gas, Inc. (NYSE:NOG) entered into an agreement to acquire the Uinta Basin oil and gas assets of XCL Resources, LLC for $2.6 billion.

SM Energy Company (NYSE:SM) announces an Equity Buyback for $500 million worth of its shares.

First quarter dividend of US$0.18 announced

SM Energy Company Approves Cash Dividend, Payable on August 5, 2024

Independent Director recently sold €2.7m worth of stock

First quarter 2024 earnings released: EPS: US$1.14 (vs US$1.63 in 1Q 2023)

SM Energy Company Provides Production Guidance for the Second Quarter and Full Year 2024

SM Energy Company to Report Q1, 2024 Results on May 02, 2024

SM Energy Company, Annual General Meeting, May 23, 2024

Fourth quarter dividend of US$0.18 announced

SM Energy Company Declares Quarterly Cash Dividend, Payable on May 3, 2024

Senior Vice President of Exploration recently sold €1.8m worth of stock

Full year 2023 earnings released: EPS: US$6.89 (vs US$9.09 in FY 2022)

Sm Energy Company Provides Production Guidance for Full Year 2024

SM Energy Company to Report Q4, 2023 Results on Feb 21, 2024

Upcoming dividend of US$0.18 per share at 1.9% yield

SM Energy Company Declares Quarterly Cash Dividend, Payable on February 5, 2024

New major risk - Revenue and earnings growth

Insufficient new directors

SM Energy Company Approves Increase in the Fixed Dividend Policy

SM Energy Company Approves Increase in the Fixed Dividend Policy

Third quarter 2023 earnings released: EPS: US$1.89 (vs US$3.91 in 3Q 2022)

Upcoming dividend of US$0.15 per share at 1.4% yield

SM Energy Company Approves Quarterly Cash Dividend on Common Stock Outstanding, Payable on November 6, 2023

SM Energy Company to Report Q3, 2023 Results on Nov 04, 2023

Now 22% undervalued

Independent Director recently sold €1.1m worth of stock

Second quarter 2023 earnings released: EPS: US$1.26 (vs US$2.65 in 2Q 2022)

Sm Energy Company Provides Production Guidance for the Third Quarter and Year 2023

SM Energy Company to Report Q2, 2023 Results on Aug 02, 2023

Upcoming dividend of US$0.15 per share at 1.8% yield

SM Energy Company Declares Quarterly Cash Dividend, Payable on August 7, 2023

SM Energy Company (NYSE:SM) acquired 6,300 net acres in the Midland Basin.

SM Energy Company Announces Changes to Its Board of Directors

First quarter 2023 earnings released: EPS: US$1.63 (vs US$0.40 in 1Q 2022)

Upcoming dividend of US$0.15 per share at 2.0% yield

Now 21% undervalued after recent price drop

President recently bought €59k worth of stock

Full year 2022 earnings released: EPS: US$9.09 (vs US$0.30 in FY 2021)

SM Energy Company to Report Q4, 2022 Results on Feb 22, 2023

Upcoming dividend of US$0.15 per share

Investor sentiment deteriorated over the past week

SM Energy Company Announces Executive Changes

SM Energy Company Declares Quarterly Cash Dividend, Payable on February 6, 2023

SM Energy Company Announces the Retirement of Newt Newton as Senior Vice President – Operations, Effective January 1, 2023

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings released: EPS: US$3.91 (vs US$0.70 in 3Q 2021)

SM Energy Company Provides Production Guidance for Fourth Quarter and Full Year 2022

SM Energy Company to Report Q3, 2022 Results on Nov 03, 2022

Upcoming dividend of US$0.15 per share

Investor sentiment deteriorated over the past week

Executive VP & General Counsel recently sold €460k worth of stock