Sm Energy Stock Price, News & Analysis

SM Energy Company announced its participation in several investor conferences scheduled for June 2022. Presentations will be available on their website before market opens on June 1 and June 23. Key events include the Wells Fargo Energy Conference on June 1, where CEO Herb Vogel will meet investors, and the J.P. Morgan Energy Conference on June 23, which will be webcast. The company aims to provide updated investor presentations throughout these events.

SM Energy Company announced its first quarter 2022 financial results, displaying strong financial health and production metrics. Key highlights include a net income of $0.39 per diluted share, a significant increase in operating cash flow to $480.1 million, and a record high Adjusted EBITDAX of $524.6 million. The company aims to reduce its absolute debt and plans to redeem its 10.0% Senior Secured Notes due 2025, worth approximately $446.7 million, by June 17, 2022. Production reached 13.8 MMBoe, marking a 37% increase year-over-year, driven by successful well performance.

SM Energy Company (NYSE: SM) has announced the release date for its first quarter 2022 financial and operating results, which will occur after market close on April 28, 2022. The announcement will include an earnings release, a pre-recorded webcast, and a presentation available on the company's website. Additionally, SM Energy management will host a Q&A session on April 29, 2022, at 8:00 a.m. MT, accessible via webcast and telephone. Investors can register for the live conference call online.

SM Energy Company (NYSE: SM) has announced a semi-annual cash dividend of $0.01 per share, payable on May 6, 2022. The record date for stockholders is set for April 22, 2022. Currently, there are approximately 121.9 million shares outstanding. This dividend approval reflects the company’s ongoing commitment to return value to its shareholders amidst its operations in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in Texas.

SM Energy Company reported significant growth for 2021, achieving a 22% increase in estimated proved reserves to 492 MMBoe. The company's capital expenditures were $664 million, slightly below guidance, while production reached 51.4 MMBoe, with net cash from operations of $1.04 billion. The company emphasized its disciplined capital strategy, reducing net debt by $475 million to $1.80 billion. SM Energy plans to prioritize debt reduction and further develop its Austin Chalk assets in 2022, aiming for a leverage target of 1.0 times net debt-to-Adjusted EBITDAX.

SM Energy Company (NYSE: SM) announced it will release its fourth quarter and full year 2021 financial results and 2022 operational plan after market on February 24, 2022. The earnings release will be accompanied by a webcast discussing the results and a presentation, all available on their website. A Q&A session with management will take place on February 25, 2022, at 8:00 a.m. Mountain time. Investors can register for the live conference call through their site, where a replay will also be accessible.

SM Energy Company (NYSE: SM) has announced ambitious targets to reduce its Scope 1 and 2 emissions, reflecting its commitment to environmental stewardship. Key targets include:

• Zero routine flaring by 2023 and non-routine flaring not exceeding 1% of natural gas production.
• A 50% reduction in Scope 1 and 2 GHG emissions intensity by 2030 from a 2019 baseline.
• Maintaining a low methane emissions intensity at 0.04 metric tonnes CH4/MBoe or better.

SM Energy Company (NYSE: SM) has appointed Anita M. Powers as an independent director, effective immediately. Ms. Powers, with over 35 years of geosciences experience, will also join the Audit and Compensation Committees. Previously, she was the Executive Vice President of Worldwide Exploration at Occidental Petroleum Corporation and has served on the boards of California Resources Corporation and EQT Corporation. This appointment aims to enhance the board's expertise, particularly in the Permian Basin.

SM Energy Company (NYSE: SM) reported strong third quarter 2021 results, achieving production of 14.3 MMBoe (155.8 MBoe/d), primarily from the Midland Basin. The production mix was 56% oil, leading to net income of $85.6 million ($0.69 EPS) and a significant increase in cash flow, up 66% YoY to $307 million. Capital expenditures were stable at $180.1 million. The company raised its full-year production guidance to 49.5-50.0 MMBoe and reduced debt, achieving a net debt-to-Adjusted EBITDAX ratio of under 2 times, meeting its leverage target a year ahead of schedule.