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SM Energy Reports Second Quarter 2021 Results: Cash Flow Beat, Production Outperformance And Lower Than Expected Capital

SM Energy Reports Second Quarter 2021 Results: Cash Flow Beat, Production Outperformance And Lower Than Expected Capital
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SM Energy Reports Second Quarter 2021 Results: Cash Flow Beat, Production Outperformance And Lower Than Expected Capital

SM Energy Reports Second Quarter 2021 Results: Cash Flow Beat, Production Outperformance And Lower Than Expected Capital
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

United States , Ngls Mbbl , Ngls Mbbls , Jeremy Kline , Herb Vogel , Ngls Mmbbl , Jennifer Martin Samuels , Oil Mbbls , Company South Texas , Sm Energy Company , Oil Bbl , Sm Energy Company The , Enercom Oil Gas Conference , Company Credit Agreement , Exchange Commission , Company Form , Source Sm Energy Company , Oil Mbbl , Oil Mmbbl , Sm Energy , Austin Chalk , South Texas , Change Questionnaire , Executive Officer Herb Vogel , Midland Basin , Chart Composite ,

SM Energy Reports First Quarter 2021 Results


SM Energy Reports First Quarter 2021 Results
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DENVER, April 29, 2021 /PRNewswire/  SM Energy Company (the Company ) (NYSE: SM) today announced operating and financial results for the first quarter 2021 and provided certain second quarter 2021 guidance.
During the first quarter of 2021:
Cash flows included net cash provided by operating activities of $105.6 million before net change in working capital of ($51.4) million totaling $157.1 million. Adjusted EBITDAX, (a non-GAAP measure reconciled below) was $215.0 million.
Production was 10.05 MMBoe or 111.6 MBoe/d and was 54% oil. Production volumes were affected by the severe winter storm in Texas during February 2021, which resulted in 14 days of reduced production and delayed completions of new wells. ....

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