SM Energy Company today announced an amendment to its existing Credit Agreement to increase the aggregate amount of second lien debt permitted thereunder. The Fourth Amendment to the Sixth Amended and Restated Credit Agreement provides that the Company is permitted to grant a second-lien security interest on up to $1.0 billion in aggregate amount, including the entire amount of its outstanding $172.5 million 1.500% Senior [...]
SM Energy Company today announced that it has commenced offers to all Eligible Holders to exchange any and all of its outstanding notes listed in the table below for up to $900 million aggregate principal amount of newly issued senior secured notes maturing on the dates set forth below , in each case upon the terms and subject to the conditions set forth in the confidential offering memorandum and consent solicitation [...]
SM Energy Company today announced operating and financial results for the first quarter 2020 and provided updates to its 2020 operating plan. Highlights include: Production at the high end of prior guidance. First quarter 2020 production was 12.4 MMBoe at 51% oil, driven by continued growth in Midland Basin production. Significant cash flows. First quarter net cash provided by operating activities of $218.1 million before [...]
SM Energy Company today announces that it expects to release its first quarter 2020 financial and operating results after market on May 6, 2020. See schedule below: May 6, 2020 – After market close, the Company plans to release its first quarter 2020 financial and operating results. This will include the earnings release, a pre-recorded webcast discussing first quarter 2020 financial and operating results, and an [...]
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 reflects a reduction for the current period consistent with the Company's priority to manage cash flow in light of the unprecedented and volatile market conditions. The dividend will be paid on May 8, 2020, to stockholders of record as of the close of business [...]
SM Energy Company today announced operating and financial results for the fourth quarter and full year 2019, year-end reserves and the 2020 operating plan. Highlights include: 2019 Results: Production beat. Fourth quarter 2019 production was 12.8 MMBoe at 48% oil, which exceeded the midpoint of fourth quarter guidance by 5% and was driven by 13% sequential growth in Midland Basin production. Full year 2019 production was [...]
SM Energy Company today announces that it expects to release its fourth quarter and full year 2019 financial and operating results and 2020 operating plan after market on February 19, 2020. See schedule below: February 19, 2020 – After market close, the Company plans to release its fourth quarter and full year 2019 financial and operating results and 2020 operating plan. This will include the earnings release, a [...]
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 3, 2019. December 3, 2019 - BAML Leveraged Finance Conference. Executive Vice President and Chief Financial Officer Wade Pursell will present at 3:30 p.m. Eastern time and will also meet with investors in one-on-one settings [...]
Guidance For 2019: Production Up, Production Costs Down, Capital Unchanged SM Energy Company today announced financial and operating results for the third quarter of 2019. Highlights include: Production exceeded expectations - Third quarter 2019 total production was 12.4 MMBoe , 44% oil and 61% liquids. Production exceeded the Company's guidance range by 0.2 MMBoe, or 2,250 Boe/d, driven by better than expected well [...]
SM Energy Company today announces that it expects to release its third quarter 2019 financial and operating results after market on October 31, 2019. See schedule below: October 31, 2019 – After market close, the Company plans to issue its third quarter 2019 earnings release, a pre-recorded webcast discussion of the third quarter 2019 financial and operating results, and an associated presentation, all of which will [...]
SM Energy Company today announces that its Board of Directors has approved a semi-annual cash dividend of $0.05 per share of common stock outstanding. The dividend will be paid on November 6, 2019, to stockholders of record as of the close of business on October 25, 2019. The Company currently has approximately 112.9 million shares of common stock outstanding. ABOUT THE COMPANY SM Energy Company is an independent energy [...]
SM Energy Company today announced financial and operating results for the second quarter of 2019. Highlights include: Better wells at lower costs - As previously reported, second quarter production of 12.4 MMBoe , was up 19% from the second quarter of 2018 and up 16% sequentially, as performance from both the Midland Basin and South Texas exceeded expectations. Oil production of 5.4 MMBbls was up 24% from the second [...]
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