Welcome to our dedicated page for Sm Energy news (Ticker: SM), a resource for investors and traders seeking the latest updates and insights on Sm Energy stock.
SM Energy Company (SM) is an independent energy producer focused on oil, natural gas, and NGL development across strategic U.S. basins. This page provides investors and industry observers with direct access to official announcements, financial disclosures, and operational updates.
Key resources include: Quarterly earnings reports, acquisition announcements, partnership developments, and production updates from the Midland, Maverick, and Uinta Basin operations. Our curated feed ensures you stay informed about SM's technical innovations and market positioning.
Bookmark this page for real-time access to SM Energy's verified corporate communications. Check regularly for insights into asset development strategies, leadership decisions, and operational milestones that shape the company's trajectory in the energy sector.
SM Energy Company (NYSE: SM) announced an earnings release for Q1 2021, scheduled for April 29, 2021, after market close. A Q&A session will follow on April 30, 2021, at 8:00 a.m. MT, accessible via webcast. The earnings release, along with a pre-recorded discussion and presentation, will be available on the company's website. Investors can register for the live call via a designated link for dial-in details. For more information, visit www.sm-energy.com.
SM Energy Company (NYSE: SM) has declared a semi-annual cash dividend of $0.01 per share, scheduled for payment on May 7, 2021. Stockholders of record as of the close of business on April 23, 2021 will be eligible to receive this dividend. The company has approximately 114.7 million shares of common stock outstanding. This move highlights SM Energy's commitment to returning value to its shareholders amidst its operations in the exploration and production of crude oil and natural gas in Texas.
SM Energy Company (NYSE: SM) reported its fourth-quarter and full-year 2020 results, highlighting a net cash flow of $790.9 million, a free cash flow of $239.5 million, and a significant debt reduction of $492 million. Despite challenges, the company achieved production of 46.4 MMBoe for the year, although down 4% from 2019. The year-end proved reserves were 405 MMBoe, representing a 9-year reserve life. For 2021, the company anticipates generating $100 million in free cash flow while maintaining an optimal activity level for future growth.
SM Energy Company (NYSE: SM) will participate in the MKM Partners Virtual Conference on December 15, 2020, at 11:10 a.m. Mountain time. President and CEO Herb Vogel will present and engage in one-on-one meetings with investors. A presentation will be available on the company's website before market open on the same day. SM Energy focuses on the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs primarily in Texas. For more details, visit www.sm-energy.com.
SM Energy Company (NYSE: SM) announced a reaffirmation of its borrowing base at $1.1 billion, providing $880 million in liquidity as of September 30, 2020. The company has entered an agreement with a third party to fund the majority of completion costs for six wells in South Texas, reducing its fourth quarter capital expenditure guidance by approximately $15 million. Additionally, the extension of the second-lien debt capacity, totaling around $380 million, is effective until the spring 2021 redetermination.
SM Energy Company announced the retirement of CEO Javan (Jay) D. Ottoson, effective November 2, 2020. Herbert S. Vogel, currently President and COO, will succeed him as the new CEO. The Board of Directors has expanded from nine to ten members, appointing Vogel to fill the new seat. Chairman William Sullivan expressed confidence in Vogel's leadership for a sustainable future. The transition aims to continue the successful repositioning of the company’s portfolio, reinforcing stakeholder value creation while maintaining operational integrity.
SM Energy Company (NYSE: SM) reported its third-quarter 2020 results, emphasizing financial discipline and operational efficiency. Capital expenditures were $121.1 million, reflecting a 27% reduction from original guidance. The company generated $184.8 million in net cash from operations, leading to free cash flow of $63.7 million. However, net loss reached $98.3 million, considerably down from a profit of $42.2 million in Q3 2019. The company reduced long-term debt by $106.5 million and adjusted EBITDAX totaled $232.5 million, a 10% decline year-over-year.
SM Energy Company (NYSE: SM) announced the schedule for its third quarter 2020 financial results. The earnings release is set for October 29, 2020, after market close, and will be followed by a Q&A session on October 30, 2020 at 8:00 a.m. Mountain time. Investors can access the earnings release, a webcast discussion, and an associated presentation on the company's website. The call replay will be available until November 6, 2020.
For more information, visit www.sm-energy.com.
SM Energy Company (NYSE: SM) has declared a semi-annual cash dividend of $0.01 per share, set to be paid on November 4, 2020. Shareholders on record by the end of business on October 23, 2020 will receive this dividend. The company has approximately 114.6 million shares outstanding, indicating a total dividend payout of around $1.15 million. This announcement reflects the company's ongoing commitment to returning value to its shareholders amidst its operations in crude oil and natural gas in Texas.
