SM Energy (SM) Tops Q3 EPS by 67c
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SM Energy Reports Third Quarter 2021 Results: Cash Flow Beat And Production Outperformance
October 28, 2021 4:15 PM EDTDENVER, Oct. 28, 2021 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announced operating and financial results for the third quarter 2021 and provided certain fourth quarter and updated full year 2021 guidance.
Third quarter 2021 highlights:
Production was 14.3 MMBoe (155.8 MBoe/d) and was 56% oil. Production volumes exceeded expectations, benefiting from higher base production, reduced flaring and the effect of larger fracture stimulations in the Midland Basin and the successful early completion of certain wells in South Texas. As a result, the Company is increasing guidance for 2021 production... More