SM Energy (SM) Announces First Quarter Preview

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/23/2026

1. DECK
2. RNG
3. WDC
4. BYD
5. WCN
6. SPOT
7. BMY
8. SPY
9. FIX
10. TSCO

Go back to SM Energy (SM) Announces First Quarter Preview

SM Energy Announces First Quarter Preview, Permian Outperformance, And Realized Pricing Above Expectations

April 17, 2018 5:15 PM EDT

DENVER, April 17, 2018 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announced certain operating results for the first quarter of 2018 including production, realized pricing and total capital spend. Highlights include:

10.14 MMBoe total production, exceeding the high end of guidance 42% oil production in the commodity mix 18% sequential and 100% year-over-year growth in Midland Basin production $37.76 per Boe average realized price, highest level in 14 quarters Costs incurred $372 million and total capital spend $367 million, slightly ahead of guidance primarily due to increased ownership interests in... More