SM Energy Company today announces that Anita M. Powers has been appointed to serve as a director of the Company. Ms. Powers will serve as an independent director and as a member of the Audit Committee and the Compensation Committee of the Board of Directors. Bill Sullivan, Chairman of the Board, comments, "Anita's background and experience will provide valuable expertise to the SM Energy Board. She brings more than 35 [...]
SM Energy Company today announced operating and financial results for the third quarter 2021 and provided certain fourth quarter and updated full year 2021 guidance. Third quarter 2021 highlights: Production was 14.3 MMBoe and was 56% oil. Production volumes exceeded expectations, benefiting from higher base production, reduced flaring and the effect of larger fracture stimulations in the Midland Basin and the successful [...]
SM Energy Company today announces that it expects to release its third quarter 2021 financial and operating results after market on October 28, 2021. See schedule below: October 28, 2021 - After market close, the Company plans to issue its third quarter 2021 earnings release, a pre-recorded webcast discussion of the third quarter 2021 financial and operating results, and an associated presentation, all of which will be [...]
SM Energy Company today announces that its Board of Directors approved a semi-annual cash dividend of $0.01 per share of common stock outstanding. The dividend will be paid on November 5, 2021, to stockholders of record as of the close of business on October 25, 2021. The Company currently has approximately 121.5 million shares of common stock outstanding. ABOUT THE COMPANY SM Energy Company is an independent energy [...]
SM Energy Company today announced the publication of its updated 2020 Sustainability Accounting Standards Board report for oil and gas exploration and production companies, as well as certain environmental, social and governance metrics relevant to understanding the Company's 2020 ESG performance. Please visit the Company's website at http://sm-energy.com/sustainability/ to find: a letter from Chief Executive Officer Herb [...]
SM Energy Company today announced operating and financial results for the second quarter 2021 and provided certain second half 2021 guidance. Second quarter 2021 highlights: Production was 12.4 MMBoe and was 54% oil. Production volumes exceeded expectations due to outperformance from new wells and base production in the Austin Chalk. Capital expenditures reflected continued capital efficiencies with costs remaining at [...]
SM Energy Company today announces that it expects to release its second quarter 2021 financial and operating results after market on July 29, 2021. See schedule below: July 29, 2021 - After market close, the Company plans to issue its second quarter 2021 earnings release, a pre-recorded webcast discussion of the second quarter 2021 financial and operating results, and an associated presentation, all of which will be [...]
SM Energy Company announced today the early results and upsizing of its previously announced tender offer to purchase any and all of its outstanding 6.125% Senior Notes due 2022 and a portion of its outstanding 5.000% Senior Notes due 2024 . SM Energy has amended the terms of the Offer for the 2024 Notes to increase the aggregate principal amount of 2024 Notes subject to the Offer from $130,000,000 to $172,265,000, which [...]
SM Energy Company announced today that it has priced an offering of $400 million in aggregate principal amount of its 6.500% senior unsecured notes due 2028 . The aggregate principal amount of the offering was increased from the previously announced offering size of $350 million. The Notes will be issued at par. The offering is expected to close on June 23, 2021, subject to customary closing conditions. SM Energy intends [...]
SM Energy Company today announced that it has commenced cash tender offers to purchase any and all of its outstanding 6.125% Senior Notes due 2022 , and up to an aggregate principal amount not to exceed $130,000,000 , of its outstanding 5.000% Senior Notes due 2024 , subject to the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated June 9, 2021 , and related solicitation of [...]
SM Energy Company announced today that it intends, subject to market and other conditions, to offer $350 million in aggregate principal amount of a series of senior unsecured notes due 2028 . SM Energy intends to use the net proceeds from the offering to fund a cash tender offer for all of its outstanding 6.125% Senior Notes due 2022 and a portion of its outstanding 5.00% Senior Notes due 2024 . If the Tender Offer is not [...]
SM Energy Company will be participating in the following upcoming investor conferences. An investor presentation will be posted to the Company's website at ir.sm-energy.com before market open on June 2, 2021. June 2, 2021 - Wells Fargo Energy Conference. President and Chief Executive Officer Herb Vogel will meet with investors in one-on-one settings. This event will not be webcast. June 8, 2021 - RBC Capital Markets [...]