SM Energy (SM) Misses Q2 EPS by 29c, Revenues Miss; Provides FY20 Fiscal Guidance
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SM Energy Reports Second Quarter 2020 Results and Updates 2020 Operating Plan
July 30, 2020 4:30 PM EDTDENVER, July 30, 2020 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announced operating and financial results for the second quarter 2020 and provided updates to its 2020 operating plan.
During the second quarter of 2020, the Company focused on its priorities of:
Capital discipline. Capital expenditures were 26% below guidance primarily reflecting lower costs as well as timing of certain activity. Capital expenditures of $170.9 million adjusted for decreased capital accruals of $45.7 million totaled $125.2 million. Significant cash flows. Second quarter net cash provided by operating activities of $114.3... More