SM Energy Company today announced operating and financial results for the first quarter 2021 and provided certain second quarter 2021 guidance. During the first quarter of 2021: Cash flows included net cash provided by operating activities of $105.6 million before net change in working capital of million totaling $157.1 million. Adjusted EBITDAX, was $215.0 million. Production was 10.05 MMBoe or 111.6 MBoe/d and was 54 [...]
SM Energy Company today announces that it expects to release its first quarter 2021 financial and operating results after market on April 29, 2021. See schedule below: April 29, 2021 - After market close, the Company plans to issue its first quarter 2021 earnings release, a pre-recorded webcast discussion of the first quarter 2021 financial and operating results, and an associated presentation, all of which will be posted [...]
SM Energy Company today announces that its Board of Directors has approved a semi-annual cash dividend of $0.01 per share of common stock outstanding. The dividend will be paid on May 7, 2021, to stockholders of record as of the close of business on April 23, 2021. The Company currently has approximately 114.7 million shares of common stock outstanding. ABOUT THE COMPANY SM Energy Company is an independent energy company [...]
SM Energy Company today announced fourth quarter and full year 2020 operating and financial results, year-end 2020 reserves and the 2021 operating plan. Highlights are as follows. The Company's strategic priorities in 2020 were to generate positive cash flow and reduce absolute debt while meeting operating objectives for safety and emissions reduction: Capital efficiency. Capital efficiency continued to improve with [...]
SM Energy Company today announced that it has posted its responses to the 2020 CDP Climate Change Questionnaire, which reports 2019 data. In addition, the Company announced that it plans to release its fourth quarter and full year 2020 financial and operating results and 2021 operating plan after market on February 17, 2020. SM Energy has furthered its commitment to environmental transparency by participating in the CDP [...]
SM Energy Company will be participating in the following upcoming investor event. An investor presentation will be posted to the Company's website at ir.sm-energy.com before market open on December 15, 2020. December 15, 2020 – MKM Partners Virtual Conference. President and Chief Executive Officer Herb Vogel will present at 11:10 a.m. Mountain time and will also meet with investors in one-on-one settings. The presentation [...]
SM Energy Company provides a fourth quarter 2020 update. The Company and its lenders under the senior secured revolving credit facility have completed the regularly scheduled fall borrowing base redetermination, and the Company has entered into an agreement with a third party to partly fund South Texas well completions. The borrowing base and lender commitments under the Company's senior secured revolving credit facility [...]
SM Energy Company today confirms that Chief Executive Officer Javan D. Ottoson will retire at the close of business on November 2, 2020 and, as previously announced, President and Chief Operating Officer Herbert S. Vogel, will transition to the role of President and Chief Executive Officer. On October 26, 2020, the Company's Board of Directors approved an increase in the number of authorized directors from nine to ten [...]
SM Energy Company today announced operating and financial results for the third quarter 2020 and provided updates to its 2020 guidance. During the third quarter of 2020, the Company continued its focus on the following priorities: Capital discipline. Capital expenditures demonstrated continued capital efficiencies as well as timing of certain activity. Capital expenditures of $109.6 million adjusted for increased capital [...]
SM Energy Company today announces that it expects to release its third quarter 2020 financial and operating results after market on October 29, 2020. See schedule below: October 29, 2020 – After market close, the Company plans to issue its third quarter 2020 earnings release, a pre-recorded webcast discussion of the third quarter 2020 financial and operating results, and an associated presentation, all of which will be [...]
SM Energy Company today announces that its Board of Directors has approved a semi-annual cash dividend of $0.01 per share of common stock outstanding. The dividend will be paid on November 4, 2020, to stockholders of record as of the close of business on October 23, 2020. The Company currently has approximately 114.6 million shares of common stock outstanding. ABOUT THE COMPANY SM Energy Company is an independent energy [...]
SM Energy Company today announces that the Company will be participating in upcoming investor meetings. An updated investor presentation will be posted to the Company's website at ir.sm-energy.com before market open on September 22, 2020. ABOUT THE COMPANY SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in the state [...]