SM Energy (SM) Misses Q4 EPS by 4c, Revenues Beat
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SM Energy Reports Year-End 2018 Results and 2019 Operating Plan
February 20, 2019 5:00 PM ESTDENVER, Feb. 20, 2019 /PRNewswire/ -- SM Energy Company ("SM Energy" or the "Company") (NYSE: SM) today announces year-end 2018 financial and operating results, year-end 2018 proved reserves, new RockStar well results and its 2019 operating plan. Highlights include:
Sizable reserves growth - Proved reserves of 503 MMBoe at year-end 2018 were up 18% year-over-year from retained assets and include reserve additions net of revisions of 119 MMBoe. Capital efficiency drives value creation - The standardized measure of discounted future net cash flows and pre-tax PV-10 (a non-GAAP measure, reconciled below) at year-end 2018 were $4.7 billion and... More