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SM Energy Co (SM.N)

SM.N on New York Stock Exchange

16.71USD
14 Dec 2018
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Latest Key Developments (Source: Significant Developments)

SM Energy Q3 Adjusted Loss Per Share $0.01
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - SM Energy Co ::SM ENERGY REPORTS THIRD QUARTER 2018 RESULTS: GREAT WELLS, HIGH MARGINS AND SOLID CASH FLOW GROWTH.Q3 ADJUSTED LOSS PER SHARE $0.01.Q3 LOSS PER SHARE $1.21.Q3 EARNINGS PER SHARE VIEW $0.15 -- THOMSON REUTERS I/B/E/S.EXPECTED FULL YEAR 2018 PRODUCTION GUIDANCE IS NARROWED TO A RANGE OF 43.9-44.3 MMBOE.SEES Q4 PRODUCTION GUIDANCE RANGE OF 11.3-11.7 MMBOE, OR 122.8-127.2 MBOE/D.Q4 PRODUCTION IS EXPECTED TO APPROXIMATE 42% OIL IN COMMODITY MIX.EXPECTED FULL YEAR 2018 TOTAL CAPITAL SPEND GUIDANCE IS UNCHANGED AT $1.31 BILLION.EXPECTED FULL YEAR NET WELL COMPLETIONS ARE UNCHANGED AT 103 IN PERMIAN AND 25 IN EAGLE FORD.EXPECTED TOTAL CAPITAL SPEND IN Q4 OF 2018 OF APPROXIMATELY $240-250 MILLION.QTRLY 130.2 MBOE/D AVERAGE PRODUCTION.FULL YEAR 2018 GUIDANCE IS UPDATED FOR LOE, WHICH IS NOW EXPECTED TO APPROXIMATE $4.75/BOE FOR FULL YEAR.  Full Article

SM Energy Announces Third Quarter Preview
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - SM Energy Co ::SM ENERGY ANNOUNCES THIRD QUARTER PREVIEW: MIDLAND BASIN PRODUCTION OUTPERFORMANCE CONTINUES.SM ENERGY CO - IN Q3, 12.0 MMBOE (130.2 MBOE/D) TOTAL PRODUCTION.SM ENERGY CO - DURING MONTH OF OCT TO DATE, A PORTION OF PERMIAN PRODUCTION FROM WESTERN HOWARD COUNTY AND EASTERN MARTIN COUNTY HAS BEEN CURTAILED.SM ENERGY CO - THIRD-PARTY GAS PROCESSOR EXPECTS TO RESTORE FULL PROCESSING CAPABILITY FOR SM ENERGY'S PRODUCTION VOLUMES BY MONTH-END.SM ENERGY - REGIONAL STORMS IN EARLY OCT HAVE CAUSED TEMPORARY FLOODING AND LOSS OF ELECTRICAL POWER AT CERTAIN LOCATIONS IN COMPANY'S ROCKSTAR AREA.SM ENERGY CO - EXPECT IMPACT OF DEFERRED PRODUCTION TO BE APPROXIMATELY 0.3 MMBOE FOR Q4.  Full Article

SM Energy Co Says Co Entered Into A Sixth Amended And Restated Credit Agreement
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - SM Energy Co ::SM ENERGY CO - ON SEPTEMBER 28, CO ENTERED INTO A SIXTH AMENDED AND RESTATED CREDIT AGREEMENT - SEC FILING.SM ENERGY CO - REVOLVING CREDIT FACILITY HAS A MAXIMUM CREDIT AMOUNT OF $2.5 BILLION, WITH TOTAL INITIAL LENDER COMMITMENTS OF $1.0 BILLION.SM ENERGY CO - REVOLVING CREDIT FACILITY IS SCHEDULED TO MATURE ON EARLIER OF SEPTEMBER 28, 2023 AND AUGUST 16, 2022.  Full Article

SM Energy Co Files For Potential Mixed Shelf
Monday, 6 Aug 2018 

Aug 6 (Reuters) - SM Energy Co ::SM ENERGY CO FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

SM Energy Reports Qtrly Total Production 10.5 MMBOE
Thursday, 19 Jul 2018 

July 19 (Reuters) - SM Energy Co ::SM ENERGY ANNOUNCES SECOND QUARTER PREVIEW: STRONG PRODUCTION AND REALIZED PRICES DRIVE HIGH MARGIN GROWTH.SM ENERGY - QTRLY TOTAL PRODUCTION 10.5 MMBOE (115 MBOE/D).SM ENERGY CO - COSTS INCURRED FOR Q2 OF 2018 WERE $460 MILLION.  Full Article

SM Energy Q2 Production Guidance Increased To 10.1-10.4 MMBOE
Monday, 25 Jun 2018 

June 25 (Reuters) - SM Energy Co ::SM ENERGY PROVIDES INTERIM SECOND QUARTER UPDATE - PRODUCTION EXCEEDING EXPECTATIONS.SM ENERGY CO - Q2 TOTAL COMPANY PRODUCTION GUIDANCE IS INCREASED TO A RANGE OF 10.1-10.4 MMBOE (111-114 MBOE/D).SM ENERGY CO - Q2 CAPITAL SPEND IS EXPECTED TO RANGE BETWEEN $400-440 MILLION, WHILE TOTAL CAPITAL SPEND GUIDANCE FOR 2018 REMAINS UNCHANGED.  Full Article

SM Energy Announces Agreements To Sell Additional Non Core Assets For $292 Mln
Wednesday, 4 Apr 2018 

April 4 (Reuters) - SM Energy Co ::CORE ASSETS FOR $292 MILLION, CORING UP AND BRINGING DOWN NET DEBT.BUYERS ARE NOT DISCLOSED.‍ESTIMATED EFFECT ON 2018 PRODUCTION FROM BOTH DEALS IS A REDUCTION OF 1.2 MMBOE, 81% OIL AND 19% NATURAL GAS​.PARTY OPERATED ASSETS HALFF EAST.  Full Article

SM Energy Announces Agreement To Sell 112,200 Acre Leasehold In The Powder River Basin For $500 Million
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Sm Energy Co ::SM ENERGY CO - DEAL FOR $500 MILLION.PRESS RELEASE - SM ENERGY ANNOUNCES AGREEMENT TO SELL 112,200 ACRE LEASEHOLD IN THE POWDER RIVER BASIN FOR $500 MILLION.SM ENERGY CO - ASSETS TO BE SOLD HAD NET PRODUCTION AS OF DECEMBER 2017 OF APPROXIMATELY 2,200 BOE/D.  Full Article

SM Energy Q3 loss per share $0.80
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - SM Energy Co : :SM Energy reports third quarter 2017 results.Q3 adjusted loss per share $0.25.Q3 loss per share $0.80.Q3 earnings per share view $-0.31 -- Thomson Reuters I/B/E/S.SM Energy Co - ‍Q3 production totaled 10.7 mmboe, comprised of 32% oil, 45% natural gas and 23% ngls​.SM Energy Co sees ‍total production of 44.2 to 44.6 mmboe for 2017​.SM Energy Co qtrly ‍total operating revenues and other income was $295.4 million versus $352.7 million.  Full Article

SM Energy announces plans to further core-up portfolio with the sale of Divide County assets
Tuesday, 10 Jan 2017 

SM Energy Co : SM Energy announces plans to further core-up portfolio with the sale of divide county assets . SM Energy Co - assuming an acceptable offer is received, company expects to close sale transaction around mid-year of 2017 .SM Energy Co - has engaged Tudor, pickering, holt & co. To run a formal bid process for sale of company's divide county area assets in Williston basin.  Full Article

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U.S. shale producers eye global pricing as exports surge

NEW YORK Three years after a ban on crude oil exports was lifted, some U.S. shale producers are doing something they have never done before - lock in prices for their barrels that will find a home overseas.