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) plans to release its third quarter 2021 financial and operating results on October 28, 2021, after market close. The company will also host a Q&A session on October 29, 2021, at 8:00 a.m. MT (10:00 a.m. ET), accessible via webcast. Important updates and information will be available on the company’s website, ensuring investors stay informed ahead of the upcoming earnings report.
SM Energy Company (NYSE: SM) announced a semi-annual cash dividend of $0.01 per share, payable on November 5, 2021, to stockholders of record by the close of business on October 25, 2021. The company has approximately 121.5 million shares outstanding, reflecting its commitment to returning value to shareholders. SM Energy engages in the acquisition and production of crude oil, natural gas, and NGLs primarily in Texas.
SM Energy Company (NYSE: SM) reported strong second quarter 2021 results with production of 12.4 MMBoe, up 11% year-over-year. Capital expenditures totaled $214.2 million with continued efficiencies. Cash flow increased by 40% to $296.4 million, while adjusted EBITDAX rose 27% to $256.9 million. Despite a net loss of $223 million, driven by derivative losses, the company's balance sheet improved with significant debt redemptions. Production from new Austin Chalk wells was promising, and guidance for the remainder of 2021 includes a range of 47.5-49.5 MMBoe.
SM Energy Company (NYSE: SM) plans to release its second quarter 2021 financial results on July 29, 2021. A pre-recorded webcast discussion and presentation will be available on the Company's website. Additionally, a Q&A session with management will take place on July 30, 2021, at 8:00 a.m. Mountain time. Investors can access this information via registration for a conference call.
SM Energy Company (NYSE: SM) announced early results of its tender offer to buy back its 6.125% Senior Notes due 2022 and a portion of its 5.000% Senior Notes due 2024. The company upsized the tender cap for the 2024 Notes from $130 million to $172.27 million, reflecting valid tenders as of June 22, 2021. Consents for proposed amendments related to the 2022 Notes have been received, allowing SM Energy to eliminate certain covenants. The tender offer is set to expire on July 7, 2021, with payments for notes including accrued interest upon early settlement.
SM Energy has priced an offering of $400 million in senior unsecured notes due 2028, increased from $350 million. The Notes, with a 6.500% interest rate, will close on June 23, 2021. Proceeds will fund a cash tender offer for outstanding 6.125% Senior Notes due 2022 and part of 5.00% Senior Notes due 2024. If the tender offer is unmet, proceeds will be used for general corporate purposes. The offering is managed by BofA Securities, J.P. Morgan, Wells Fargo Securities, Goldman Sachs, and RBC Capital Markets.
SM Energy Company (NYSE: SM) announced its intention to offer $350 million in senior unsecured notes due 2028. The proceeds will primarily fund a cash tender offer for its 6.125% Senior Notes due 2022 and some of its 5.00% Senior Notes due 2024. If the tender offer isn’t fully subscribed, proceeds may be used for general corporate purposes, including redemption of the tender offer notes. The offering is conducted under an effective shelf registration statement with the SEC, and details can be found in the preliminary prospectus and accompanying documents.
SM Energy Company (NYSE: SM) announced cash tender offers to purchase its outstanding 6.125% Senior Notes due 2022 and up to $130,000,000 of its 5.000% Senior Notes due 2024. The 2022 Notes total $212,403,000 while the 2024 Notes amount to $277,034,000. The Tender Offer expires on July 7, 2021, with early tender by June 22, 2021, providing holders with total consideration that includes early tender premiums for the 2022 Notes. Completion is subject to conditions, including a new debt offering. BofA Securities is the dealer manager for the offers.
SM Energy Company announced its participation in several upcoming investor conferences. An investor presentation will be available on its website before market open on June 2, 2021. Key events include:
- June 2, 2021 – Wells Fargo Energy Conference with CEO Herb Vogel.
- June 8, 2021 – RBC Capital Markets Conference featuring CFO Wade Pursell at 3:20 PM ET.
- June 9, 2021 – Stifel Virtual Conference with CEO Herb Vogel at 3:20 PM ET.
- June 10, 2021 – Bank of America Energy Credit Conference with CFO Wade Pursell at 10:15 AM ET.
- June 23, 2021 – J.P. Morgan Conference with CEO Herb Vogel at 12:10 PM ET.
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