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