SM Energy (SM) Misses Q4 EPS by 3c, Revenues Miss
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SM Energy Reports 2020 Results And 2021 Operating Plan, Cash Flow And Debt Reduction Exceeded Expectations
February 17, 2021 4:15 PM ESTDENVER, Feb. 17, 2021 /PRNewswire/ --Â SM Energy Company (the "Company") (NYSE: SM) today announced fourth quarter and full year 2020 operating and financial results, year-end 2020 reserves and the 2021 operating plan. Highlights are as follows.
The Company's strategic priorities in 2020 were to generate positive cash flow and reduce absolute debt while meeting operating objectives for safety and emissions reduction:
Capital efficiency. Capital efficiency continued to improve with Midland Basin well costs averaging less than $500 per lateral foot in the fourth quarter. For the full year 2020, capital expenditures of $547.8 million, adjusted for decreased... More