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SM Energy Company (SM) Reports Q2 EPS of 49c, Offers Guidance

July 28, 2015 5:42 PM

SM Energy Company (NYSE: SM) reported Q2 EPS of $0.49, $0.50 better than the analyst estimate of ($0.01). It produced 16.5 million barrels of equivalent (MMBOE), up 23% from the prior year period and exceeded plan.

Guidance

The following table presents updated production and performance guidance for full year 2015:

Revised Guidance for 2015
FY2015
Production (MMBOE) 61.5 - 64.0
Average daily production (MBOE/d) 168 - 175
LOE ($/BOE) $3.60 - $4.00
Ad Valorem ($/BOE) $0.50 - $0.55
Transportation ($/BOE) $6.25 - $6.55
Production taxes (% of pre-derivative oil, gas, and NGL revenue) 4.5% - 5.0%
G&A - Cash ($/BOE) $2.40 - $2.70
G&A - Non-cash ($/BOE) $0.30 - $0.40
Total G&A ($/BOE) $2.70 - $3.10
DD&A ($/BOE) $13.75 - $14.25
Effective income tax rate range 37.6% - 38.6%
% of income tax that is current n/m

For earnings history and earnings-related data on SM Energy Company (SM) click here.

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Earnings

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