SM Energy (SM) Tops Q3 EPS by 23c, Revenues Miss
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SM Energy Reports Third Quarter 2020 Results, Generating Cash Flow And Reducing Debt
October 29, 2020 4:15 PM EDTDENVER, Oct. 29, 2020 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announced operating and financial results for the third quarter 2020 and provided updates to its 2020 guidance.
During the third quarter of 2020, the Company continued its focus on the following priorities:
Capital discipline. Capital expenditures demonstrated continued capital efficiencies as well as timing of certain activity. Capital expenditures of $109.6 million adjusted for increased capital accruals of $11.5 million totaled $121.1 million. Generating significant cash flows. Third quarter net cash provided by operating activities of $201.6 million before... More