SM Energy (SM) Posts Surprise Q3 Profit

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Go back to SM Energy (SM) Posts Surprise Q3 Profit

SM Energy Reports Third Quarter of 2015 Results - Exceeding Expectations for 2015 Through Efficiencies and Performance

October 27, 2015 6:30 PM EDT

Produced 16.1 million barrels of oil equivalent (MMBOE), up 22% from the prior year period and above plan Realized $259.4 million adjusted EBITDAX (see GAAP reconciliations below), exceeding the Company's expectations Maintained modest debt to adjusted TTM EBITDAX at 1.9 times Monitored 130 days of success with Eagle Ford Pilot Test #1, which supports downspacing in Eagle Ford East Achieving substantial progress in well performance and cost efficiencies

DENVER--(BUSINESS WIRE)-- SM Energy Company (NYSE: SM) announces... More