SM Energy (SM) Tops Q4 EPS by $2.69

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Go back to SM Energy (SM) Tops Q4 EPS by $2.69

SM ENERGY REPORTS 2021 RESULTS AND 2022 OPERATING PLAN: OUTPERFORMANCE

February 24, 2022 4:15 PM EST

DENVER, Feb. 24, 2022 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announced certain fourth quarter and full year 2021 operating and financial results, year-end 2021 estimated proved reserves and its 2022 operating plan. Highlights include:

Proved reserves growth. Estimated proved reserves at year-end 2021 totaled 492 MMBoe, up 22% from year-end 2020 driven predominantly by reserve additions and performance revisions, including 83 MMBoe of reserve additions from the Austin Chalk in South Texas. The ratio of estimated proved reserves at year-end 2021 to 2021 production is 9.6 years. The standardized measure of discounted future net cash flows from estimated... More