SM ENERGY REPORTS THIRD QUARTER 2024 RESULTS HIGHLIGHTING EXCELLENT OPERATIONAL EXECUTION THAT DELIVERED INCREASED OIL PRODUCTION ON LOWER CAPITAL [Yahoo! Finance]
SM Energy Company (SM)
Last sm energy company earnings: 2/19 04:15 pm
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Source: Yahoo! Finance
Excellent operational execution drove strong third quarter results including: Net production was 15.6 MMBoe, or 170.0 MBoe/d, at 46% oil or 77.4 MBbls/d, which exceeded guidance. Higher than expected oil production and total production were driven largely by better than expected performance in both the Midland Basin and South Texas , as well as the timing of completions in South Texas . Continued strong quarterly performance in the Midland Basin and South Texas is expected to support full year production volumes at the high end of expectations for these areas. Net income was $240.5 million , or per diluted common share, Adjusted net income was per diluted common share, net cash provided by operating activities was $452.3 million and Adjusted EBITDAX was $481.5 million , all of which benefited from strong oil production and lower than expected operating costs. Net cash provided by operating activities of $452.3 million before net change in working capital of $(32.0) million tota
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News
- SM Energy (NYSE: SM) had its price target raised by analysts at Wells Fargo & Company from $43.00 to $47.00. They now have an "equal weight" rating on the stock.MarketBeat
- NOG Announces Third Quarter 2024 Results, Achieves Record Oil Production [Yahoo! Finance]Yahoo! Finance
- SM Energy (NYSE: SM) had its price target lowered by analysts at Susquehanna from $48.00 to $46.00. They now have a "neutral" rating on the stock.MarketBeat
- SM Energy Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- SM Energy (NYSE: SM) had its price target raised by analysts at Stephens from $56.00 to $57.00. They now have an "overweight" rating on the stock.MarketBeat
SM
Earnings
- 10/31/24 - Beat
SM
Sec Filings
- 11/20/24 - Form 4
- 11/8/24 - Form SC
- 11/1/24 - Form 10-Q
- SM's page on the SEC website