Entering text into the input field will update the search result below

SM Energy reports Q2 production results, revises 2019 guidance

Jul. 18, 2019 6:39 AM ETSM Energy Company (SM) StockSMBy: Vandana Singh, SA News Editor3 Comments
  • SM Energy (NYSE:SM) Q2 production of 12.4 MMBoe (136.5 MBoe/d), is up 16% sequentially, on performance from both the Permian and South Texas exceeding expectations.
  • Cost incurred in oil and gas activities was $269M with total capital spend of $261M, which was below guidance.
  • For Q3, forecasts production of 12.0 -12.2 MMBoe with ~43% oil in the commodity mix.
  • Production guidance 2H includes the effect of anticipated production shut-ins of up to 1.5 MMBoe due to offset operator activity, simops and other impacts, as well as ethane rejection, which reduces overall barrel equivalent production volume.
  • The company increased FY19 total production guidance at the mid-point to 47.0 - 47.8 MMBoe, or 129 - 131 MBoe/d, while total capital spend guidance is reduced at the mid-point to $1,025M
  • At the end of the quarter, long-term debt stood at $2.5B

Recommended For You

About SM Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
SM--
SM Energy Company