SM Energy (SM) Reports In-Line Q4 EPS, Revenues Beat
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SM Energy Reports 2019 Results And 2020 Operating Plan
February 19, 2020 4:15 PM ESTDENVER, Feb. 19, 2020 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announced operating and financial results for the fourth quarter and full year 2019, year-end reserves and the 2020 operating plan. Highlights include:
2019 Results:
Production beat. Fourth quarter 2019 production was 12.8 MMBoe (138.8 MBoe/d) at 48% oil, which exceeded the midpoint of fourth quarter guidance by 5% and was driven by 13% sequential growth in Midland Basin production. Full year 2019 production was 48.3 MMBoe (132.3 MBoe/d) at 45% oil. Solid earnings, cash flows. Fourth quarter 2019 net loss was ($102.1) million; net cash provided by... More