SM Energy (SM) Reports Q1 Loss Per Share of 3.64
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SM Energy Reports First Quarter 2020 Results And Updates 2020 Operating Plan
April 29, 2020 8:01 AM EDTDENVER, April 29, 2020 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announced operating and financial results for the first quarter 2020 and provided updates to its 2020 operating plan.
Highlights include:
Production at the high end of prior guidance. First quarter 2020 production was 12.4 MMBoe (135.9 MBoe/d) at 51% oil, driven by continued growth in Midland Basin production. Significant cash flows. First quarter net cash provided by operating activities of $218.1 million before net change in working capital of $18.5 million was $236.6 million. Capital expenditures of $139.3 million before... More