SM Energy Company (SM) Reports Q2 EPS of 49c, Offers Guidance
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SM Energy Reports Second Quarter of 2015 Results - Execution and Well Performance Drive Production and Cash Flow
July 28, 2015 5:30 PM EDTProduced 16.5 million barrels of equivalent (MMBOE), up 23% from the prior year period and exceeded plan Realized $337 million adjusted EBITDAX and $0.49 per diluted common share adjusted net income, driven by well performance and lower costs (see GAAP reconciliations below) Encouraged by preliminary results from a 14-well Eagle Ford down-spacing test Demonstrated performance from 9 Bakken test wells in Divide County that are exceeding type curve Maintained 1.7 times debt to adjusted TTM EBITDAX
DENVER--(BUSINESS WIRE)-- SM... More
