SM Energy (SM) Misses Q4 EPS by 32c
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SM Energy Reports 2015 Results and 2016 Operating Plan: Maintaining Balance Sheet Strength While Increasing Activity in the Permian
February 23, 2016 5:30 PM ESTDENVER--(BUSINESS WIRE)-- SM Energy Company ("SM Energy" or the Company) (NYSE: SM) announces today fourth quarter and full year 2015 financial and operating results, year-end 2015 reserves and the Companys 2016 operating plan. Highlights include:
Proved reserves: 471 MMBoe at year-end 2015, including +208 MMBoe additions and revisions driven by well performance and successful resource expansion in the Eagle Ford and Bakken/Three Forks 2016 operating strategy: preserve the Company's strong balance sheet and liquidity by optimizing capital efficiency; plan delivers projected total debt:adjusted EBITDAX of less than 4 times through 2017... More