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SM Energy Co (SM.N)

SM.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SM Energy anticipates recording impairment charge in Q2
Friday, 19 May 2017 05:18pm EDT 

May 19 (Reuters) - SM Energy Co :Anticipates recording pre-tax non-cash impairment charge to loss on divestiture of North Dakota assets in range of $150 million to $200 million in Q2.No cash expenditures are anticipated as a result of impairment charge.  Full Article

SM Energy postpones indefinitely planned sale of Divide County, North Dakota assets
Tuesday, 16 May 2017 08:00am EDT 

May 16 (Reuters) - SM Energy Co :SM Energy announces update on divestiture process.Says postponed indefinitely planned sale of its Divide County, North Dakota assets.SM Energy Co - positively revised production guidance for year to add 1.3 mmboe, which is applied to second half of year.SM Energy Co says postponed sale divide county assets as valuations in sales process did not reach threshold to meaningfully reduce co's leverage.SM Energy Co - operating margin expected to increase 80 percent from Q4 2016 - 2019, production growth expected within cash flow in 2019.SM Energy Co - on track with 2017 financial strategy.SM Energy-3-year plan prefunded by cash flow,divestiture, additional cash flows from retention of divide county assets reduce 2017-2018 expected outspend.  Full Article

SM Energy reports Q1 GAAP earnings per share $0.67
Tuesday, 2 May 2017 05:30pm EDT 

May 2 (Reuters) - SM Energy Co :SM energy reports first quarter of 2017 results - higher production, lower capital versus plan, production guidance raised.Q1 adjusted loss per share $0.18.Q1 GAAP earnings per share $0.67.Q1 earnings per share view $-0.35 -- Thomson Reuters I/B/E/S.SM Energy Co - Full year production guidance increased by 1.5 mmboe to 41.5-44.5 mmboe.SM Energy Co - Full year total capital spend (excluding acquisitions) guidance of $875 million unchanged.SM Energy -During quarter, as part of regularly scheduled redetermination process, lenders on credit facility set borrowing base and commitments at $925 million.SM Energy Co - Company is conducting a sales process for its divide county, north dakota assets.SM Energy -Lenders agreed to certain modifications to credit agreement, including permission to hedge up to 85% of projected production volumes for 36 months.SM Energy Co - Q1 production of 12.1 mmboe exceeded guidance of 11.0-11.4 mmboe.Qtrly total company production 12.1 mmboe versus 13.4 mmboe in Q4 2016.SM Energy - Extended bid date, data room access due to new entrants to process but continues to assume mid-year close date for planning purposes for assets.SM Energy- Sees Q2 production to range between 10.3 and 10.7 mmboe (or 113-118, mboe/d), which will vary depending upon ultimate timing of capital activity.SM Energy Co - Qtrly total company production was down 10% compared with both q4 of 2016 and q1 of 2016.  Full Article

SM Energy entered into amendment to amended and restated credit agreement - SEC Filing
Monday, 3 Apr 2017 05:50pm EDT 

SM Energy Co : SM Energy Co - On March 31, 2017 entered into amendment to amended and restated credit agreement - SEC Filing . SM Energy Co- Pursuant to amendment, lenders agreed to set borrowing base and aggregate commitment at $925 million .SM Energy Co- Amendment modifies credit agreement to allow company to enter into swap agreements under certain conditions.  Full Article

SM Energy files for potential common stock offering of up to 13.4 mln
Tuesday, 21 Mar 2017 09:24am EDT 

Sm Energy Co : SM Energy co files for potential common stock offering of up to 13.4 million - sec filing .SM Energy - selling stockholders may offer and sell up to 13.4 million shares of co's stock.  Full Article

SM Energy says closing date for purchase agreement with Venado extended to March 15
Monday, 6 Mar 2017 06:34am EST 

SM Energy Co :SM Energy-on March 4,co,Venado entered into amendment to purchase agreement that extended closing date specified in purchase agreement to March 15,2017.  Full Article

Sm energy reports Q4 GAAP loss per share of $2.20
Wednesday, 22 Feb 2017 08:21pm EST 

Sm Energy Co : SM Energy reports 2016 results and 2017 operating plan: driving growth from top tier assets . Q4 adjusted loss per share $0.31 . Q4 GAAP loss per share $2.20 . Q4 earnings per share view $-0.41 -- Thomson Reuters I/B/E/S . Sees 2017 total capital expenditure $875 million . Sees 2017 production of 40-43 MMBOE, with oil about 29 pct of quarterly commodity mix through year . Says enter 2017 with revolving line of credit undrawn plus expected proceeds from announced divestitures .Sees Q1 of 2017 production of approximately 11.0-11.4 MMBOE.  Full Article

SM Energy says produced 55.3 mmboe in 2016
Tuesday, 31 Jan 2017 09:00am EST 

SM Energy Co - : SM Energy announces results on 8 new Howard county wells and certain year-end 2016 metrics . 55.3 mmboe full year 2016 production, in-line with expectations . Q4 average realized price per boe (pre-hedge) of $25.86 was up 11 pct sequentially and up 29 pct year-over-year .Company ended 2016 with long-term debt of $2.98 billion.  Full Article

SM Energy says offering 8 million common shares
Thursday, 1 Dec 2016 04:11pm EST 

Sm Energy Co : Sm energy announces public offering of common stock . Says offering 8.00 million common shares . Says offering 8.00 million common shares .Sm energy co-intends to use net proceeds from offering to acquire about 4,100 net acres of additional oil and gas assets in midland basin among others.  Full Article

SM Energy says announces closing of Williston Basin divestiture
Thursday, 1 Dec 2016 04:03pm EST 

SM Energy Co : Sm energy announces closing of williston basin divestiture .Sm energy co- divestiture of its williston basin assets to oasis petroleum north america llc for $765.8 million of net cash proceeds.  Full Article

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BRIEF-SM Energy anticipates recording impairment charge in Q2

* Anticipates recording pre-tax non-cash impairment charge to loss on divestiture of North Dakota assets in range of $150 million to $200 million in Q2