United States

SM Energy Co (SM.N)

SM.N on New York Stock Exchange

11 Dec 2017
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$0.10 (+0.46%)
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Latest Key Developments (Source: Significant Developments)

SM Energy Q3 loss per share $0.80
Thursday, 2 Nov 2017 05:00pm EDT 

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

Millennium Management reports 5 pct passive stake in SM Energy Co
Tuesday, 3 Oct 2017 04:15pm EDT 

Oct 3 (Reuters) - SM Energy Co :Millennium management Llc reports a 5 percent passive stake in SM ENERGY co as of September 25, 2017 - SEC filing‍​.  Full Article

SM Energy says all of co's producing assets are located outside storm's path and were unharmed​
Thursday, 14 Sep 2017 05:32pm EDT 

Sept 14 (Reuters) - Sm Energy Co :SM Energy co - ‍All of company's producing assets are located outside storm's path and were unharmed​.Sm energy - ‍Total effect on production from Hurricane Harvey estimated at 0.2 MMBoe.SM Energy Co - All of company's operations have returned to pre-Harvey production levels.SM Energy - ‍Total effect on production from Hurricane Harvey effectively reduces previously provided Q3 2017 guidance to 10.6-11.0 MMBoe​.SM Energy Co - Co's ‍Eagle Ford daily operations were not affected by storm​.  Full Article

SM Energy says experiencing temporary production curtailments due to Hurricane Harvey ‍​
Monday, 28 Aug 2017 05:29pm EDT 

Aug 28 (Reuters) - SM Energy Co ::SM Energy says "are experiencing temporary curtailments of some of our production due to" Hurricane Harvey "on third-party, downstream infrastructure"‍​.SM Energy -too early to quantify any effect curtailments will have on co's production as Hurricane Harvey continues to move through Texas- sec filing.  Full Article

SM Energy Q2 adjusted loss per share $0.32
Thursday, 3 Aug 2017 05:00pm EDT 

Aug 3 (Reuters) - SM Energy Co ::SM energy reports second quarter of 2017 results - focus on capital efficiency driving value, production beats, raising guidance.Q2 adjusted loss per share $0.32.Q2 loss per share $1.08.Q2 earnings per share view $-0.29 -- Thomson Reuters I/B/E/S.Sm energy co - full year 2017 production guidance increased by 0.8 mmboe at mid-point to 44.5-46.5 mmboe.Sm energy co - q2 production of 11.3 mmboe is up 7 pct sequentially and up 11 pct compared with q2 of 2016.Sm energy co - q3 of 2017 production is expected to range between 10.8 and 11.2 mmboe.  Full Article

SM Energy raises Q2 production guidance to 10.7-11.1 mmboe
Tuesday, 6 Jun 2017 07:00am EDT 

June 6 (Reuters) - Sm Energy Co :Announces operations update - increasing production guidance and positive early viper well results.Production guidance is revised to 10.7-11.1 MMBOE for Q2 and 43.2-46.2 MMBOE for full year 2017.​.Company has completed 31 wells in its eagle ford program year-to-date and current full year plan is to complete 39 wells.Increasing production guidance by about 0.4 MMBOE, which is attributable to Q2, due to acceleration of completion activity at core Eagle Ford program​.  Full Article

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

BRIEF-SM Energy Q3 loss per share $0.80

* Q3 earnings per share view $-0.31 -- Thomson Reuters I/B/E/S