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SM Energy Co (SM.N)

SM.N on New York Stock Exchange

25.52USD
22 Jun 2018
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Latest Key Developments (Source: Significant Developments)

SM Energy Announces Closing Of Powder River Basin Asset Sale And Provides Additional Updates
Monday, 26 Mar 2018 04:30pm EDT 

March 26 (Reuters) - SM Energy Co ::SM ENERGY ANNOUNCES CLOSING OF POWDER RIVER BASIN ASSET SALE AND PROVIDES ADDITIONAL UPDATES.SM ENERGY CO - ‍PRODUCTION ASSOCIATED WITH POWDER RIVER BASIN ASSET SALE IS REMOVED FROM NET PRODUCTION AS OF APRIL 1, 2018​.SM ENERGY CO - ‍BASED ON FIRST TWO MONTHS OF QUARTER, PERMIAN BASIN PRODUCTION EXCEEDED PLAN​.SM ENERGY CO - ‍HIGHER PERMIAN BASIN PRODUCTION PERFORMANCE WAS PARTIALLY OFFSET BY DOWNTIME AT A THIRD PARTY PIPELINE SYSTEM IN EAGLE FORD IN Q1​.SM ENERGY CO - ‍Q1 PRODUCTION IS EXPECTED TO BE CLOSER TO UPPER END OF ORIGINAL GUIDANCE​.SM ENERGY CO - SEES Q1 2018 CAPEX TO BE $350 MILLION.SM ENERGY CO - ‍TOTAL CAPITAL SPEND FOR 2018 IS EXPECTED TO APPROXIMATE $1.27 BILLION, WITH HIGHER EXPENDITURES IN FIRST HALF OF YEAR​.SM ENERGY CO - EXPECTS TO ALIGN CASH FLOW AND TOTAL CAPITAL SPEND BY MID-YEAR 2019.SM ENERGY CO - ‍EXPECTED PRODUCTION GROWTH FROM NEW WELLS IS PRIMARILY PROJECTED FOR LATE IN QUARTER AND INTO Q3​.  Full Article

SM Energy Q4 GAAP Loss Per Share $0.24
Wednesday, 21 Feb 2018 05:11pm EST 

Feb 21 (Reuters) - SM Energy Co ::SM ENERGY REPORTS 2017 RESULTS AND 2018 OPERATING PLAN: PERMIAN EXECUTION OUTSTANDING, CASH FLOW GROWTH AHEAD.Q4 ADJUSTED LOSS PER SHARE $0.08.Q4 GAAP LOSS PER SHARE $0.24.SEES ‍2018 TOTAL CAPITAL SPEND OF ABOUT $1.27 BILLION​.QTRLY TOTAL OPERATING REVENUES AND OTHER INCOME $340.5 MILLION VERSUS $379.9 MILLION.Q4 EARNINGS PER SHARE VIEW $-0.14, REVENUE VIEW $329.7 MILLION -- THOMSON REUTERS I/B/E/S.SEES FULL YEAR 2018 PRODUCTION 42 MMBOE - 46 MMBOE.SM ENERGY - ‍BASED ON PRODUCTION GUIDANCE MID-POINT, CO HEDGES IN PLACE FOR ABOUT 75% OF 2018 OIL PRODUCTION & 65% OF 2018 NATURAL GAS PRODUCTION​.SEES Q1 2018 PRODUCTION OF APPROXIMATELY 9.5 MMBOE - 10.0 MMBOE.QTRLY ‍TOTAL PRODUCTION 10.4 MMBOE​.‍PRODUCTION INCREASED 2 PERCENT FOR Q4, COMPARED WITH PRIOR YEAR PERIODS ON A RETAINED ASSET BASIS​.  Full Article

SM Energy Announces Agreement To Sell 112,200 Acre Leasehold In The Powder River Basin For $500 Million
Tuesday, 9 Jan 2018 05:30pm EST 

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 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

BRIEF-SM Energy Q1 GAAP Earnings Per Share $2.81

* Q1 EARNINGS PER SHARE VIEW $0.04 -- THOMSON REUTERS I/B/E/S