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 announced a capital return strategy on September 7, 2022, which includes a share repurchase of up to $500 million and an increased fixed dividend of $0.60 per share annually. The board aims to enhance shareholder value by initiating stock buybacks through 2024 and providing a predictable yield at current commodity price levels of $60 per barrel for oil and $3 per Mcf for natural gas. The increased dividend yields approximately 1.4%, with the first payout scheduled for November 7, 2022. This strategy reflects confidence in the company's financial health and asset quality.
SM Energy Company (NYSE: SM) announced strong Q2 2022 results with net income of $323.5 million, or $2.60 per diluted share, significantly up from a loss of $223 million in Q2 2021. The company achieved record cash flow of $514.4 million and increased its production guidance for 2022 to between 54-55 MMBoe. The leverage ratio improved to 0.7 times, and net debt is expected to approach $1 billion by year-end. Additionally, the company is set to enhance methane detection using advanced technology. Overall, operational performance exceeded expectations, bolstered by higher commodity prices.
SM Energy Company (NYSE: SM) has announced the release date for its second quarter 2022 financial and operating results, scheduled for August 3, 2022, after market close. This will include an earnings release, a pre-recorded webcast, and a presentation available on the Company’s website. Following this, a Q&A session is set for August 4, 2022, at 8:00 AM Mountain time, accessible via webcast or telephone. For further details, visit the Company’s investor relations page.
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.
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