SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in the state of Texas.

Company profile
Ticker
SM
Exchange
Website
CEO
Javan Ottoson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ST MARY LAND & EXPLORATION CO
SEC CIK
Corporate docs
Subsidiaries
SMT Texas LLC • Belring GP LLC • St. Mary Energy Louisiana LLC • Hilltop Investments, a Colorado general partnership • Parish Ventures, a Colorado general partnership • Green Canyon Offshore LLC • B. Partnership • St. Mary Land East Texas LP ...
IRS number
410518430
SM stock data
News
SM Energy Q2 EPS $2.19 Beats $2.11 Estimate, Sales $992.10M Beat $787.32M Estimate
3 Aug 22
Earnings Scheduled For August 3, 2022
3 Aug 22
Raymond James Maintains Outperform on SM Energy, Lowers Price Target to $55
26 Jul 22
MKM Partners Assumes SM Energy at Buy, Announces Price Target of $54
20 Jul 22
What 4 Analyst Ratings Have To Say About SM Energy
14 Jun 22
Press releases
SM ENERGY REPORTS SECOND QUARTER 2022 RESULTS; LEVERAGE RATIO TARGET ACHIEVED
3 Aug 22
EnerCom Denver - The Energy Investment Conference August 7-10, 2022 puts Spotlight on Oil and Gas Companies from US, Canada, South America and Africa
2 Aug 22
EnerCom Announces Keynote Speakers and Panel Topics for EnerCom Denver - The Energy Investment Conference Hosted in Denver, August 7-10, 2022
20 Jul 22
SM ENERGY SCHEDULES SECOND QUARTER 2022 EARNINGS RELEASE AND CALL
11 Jul 22
EnerCom Announces Company One-on-One Meeting Requests Opened Now for Qualified Investors for EnerCom Denver - The Energy Investment Conference Hosted in Denver, August 7-10, 2022
6 Jul 22
Analyst ratings and price targets
Current price
Average target
$55.00
Low target
$55.00
High target
$55.00
Raymond James
Maintains
$55.00
Barclays
Maintains
$55.00
Calendar
4 Aug 22
9 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 267.09M | 267.09M | 267.09M | 267.09M | 267.09M | 267.09M |
Cash burn (monthly) | 50.93M | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 68.06M | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 199.03M | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 3.9 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Aug 22 | Pursell A Wade | RSU Common Stock, $.01 Par Value | Grant | Acquire A | No | No | 0 | 31,543 | 0 | 31,543 |
2 Aug 22 | Herbert S Vogel | RSU Common Stock, $.01 Par Value | Grant | Acquire A | No | No | 0 | 52,817 | 0 | 52,817 |
2 Aug 22 | Lytle Patrick A | RSU Common Stock, $.01 Par Value | Grant | Acquire A | No | No | 0 | 3,668 | 0 | 3,668 |
2 Aug 22 | David W Copeland | RSU Common Stock, $.01 Par Value | Grant | Acquire A | No | No | 0 | 18,339 | 0 | 18,339 |
2 Aug 22 | Knott Kenneth J. | RSU Common Stock, $.01 Par Value | Grant | Acquire A | No | No | 0 | 9,536 | 0 | 9,536 |
11 Mar 22 | Pursell A Wade | Common Stock, $.01 Par Value | Gift | Dispose G | No | No | 0 | 3,000 | 0 | 287,312 |
31 Dec 21 | Knott Kenneth J. | Common Stock, $.01 Par Value | Other | Acquire J | No | No | 21.68 | 380 | 8.24K | 96,351 |
Institutional ownership, Q1 2022
64.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 296 |
Opened positions | 57 |
Closed positions | 23 |
Increased positions | 97 |
Reduced positions | 105 |
13F shares | Current |
---|---|
Total value | 4.08B |
Total shares | 105.29M |
Total puts | 608.6K |
Total calls | 2.11M |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 19.58M | $762.64M |
Vanguard | 14.04M | $546.81M |
STT State Street | 7M | $272.76M |
Dimensional Fund Advisors | 3.9M | $151.84M |
GS Goldman Sachs | 3.25M | $126.59M |
JB Investments Management | 2.26M | $88.17M |
IVZ Invesco | 2.23M | $86.83M |
Geode Capital Management | 2.17M | $84.4M |
Advisory Research | 1.79M | $69.74M |
AMP Ameriprise Financial | 1.59M | $61.98M |
Financial report summary
?Competition
Sanchez EnergyManagement Discussion
- During the second quarter of 2022, we remained committed to our goal of reducing the principal balance of our outstanding debt through cash flow generation. For the three months ended June 30, 2022, net cash provided by operating activities exceeded net cash used in investing activities by $327.0 million, and we reduced the principal balance of our total outstanding long-term debt by $446.7 million by redeeming the 2025 Senior Secured Notes. We executed on this goal through strong operational performance and a diligent focus on cost management. We also benefited from increased commodity prices.
- Our 2022 capital program is expected to be between $870.0 million and $900.0 million, which is an increase from our original expectation of $750.0 million. This increase incorporates higher than expected inflation and adjustments to our capital program to ensure continuous and efficient operations. Our financial and operational flexibility allows us to continually monitor the economic environment and adjust our activity level as warranted. Our 2022 capital program remains focused on highly economic oil development projects in both our Midland Basin and South Texas assets. We believe that our high-quality asset portfolio is capable of generating strong returns in the current macroeconomic environment, which we expect will enable us to grow cash flows, improve leverage metrics, and maintain strong financial flexibility. Please refer to Overview of Liquidity and Capital Resources below for discussion of how we expect to fund the remainder of our 2022 capital program.
- Financial and Operational Results. Average net daily equivalent production for the three months ended June 30, 2022, decreased four percent sequentially to 146.6 MBOE, primarily driven by a decrease in NGL volumes of nine percent, or 2.0 MBbl per day, and a decrease in oil volumes of six percent, or 4.3 MBbl per day, due to the timing of well completions.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
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New words:
advisory, commercial, customary, earlier, efficient, entirety, Exhibit, Fargo, FCF, fiscal, fuel, led, National, outweigh, Overnight, purport, repaid, text, trailing
Financial reports
Current reports
8-K
Leverage Ratio Target Achieved
3 Aug 22
8-K
Regulation FD Disclosure
23 Jun 22
8-K
Termination of a Material Definitive Agreement
17 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
27 May 22
8-K
Announces Redemption of Its 10.0% Senior Secured Notes
28 Apr 22
8-K/A
Financial Statements and Exhibits
24 Feb 22
8-K
Results of Operations and Financial Condition
24 Feb 22
8-K
Termination of a Material Definitive Agreement
14 Feb 22
8-K
SM Energy Announces the Appointment of Anita M. Powers
24 Nov 21
8-K
Results of Operations and Financial Condition
28 Oct 21
Registration and prospectus
S-3ASR
Automatic shelf registration
1 Oct 21
S-3ASR
Automatic shelf registration
11 Jun 21
S-8
Registration of securities for employees
11 Jun 21
424B5
Prospectus supplement for primary offering
10 Jun 21
FWP
Free writing prospectus
9 Jun 21
424B5
Prospectus supplement for primary offering
9 Jun 21
S-8
Registration of securities for employees
7 Aug 18
424B5
Prospectus supplement for primary offering
7 Aug 18
FWP
Free writing prospectus
6 Aug 18
424B5
Prospectus supplement for primary offering
6 Aug 18
Proxies
DEFA14A
Additional proxy soliciting materials
14 Apr 22
DEFA14A
Additional proxy soliciting materials
16 Apr 21
DEFR14A
Revised proxy
28 Apr 20
DEFA14A
Additional proxy soliciting materials
17 Apr 20
PRE 14A
Preliminary proxy
7 Apr 20
DEF 14A
Definitive proxy
15 Apr 19
DEFA14A
Additional proxy soliciting materials
14 May 18
Other
UPLOAD
Letter from SEC
7 Oct 19
CORRESP
Correspondence with SEC
23 Sep 19
UPLOAD
Letter from SEC
12 Sep 19
UPLOAD
Letter from SEC
5 Dec 16
CORRESP
Correspondence with SEC
27 Oct 16
UPLOAD
Letter from SEC
13 Oct 16
CORRESP
Correspondence with SEC
1 Aug 16
UPLOAD
Letter from SEC
18 Jul 16
CT ORDER
Confidential treatment order
5 Nov 15
EFFECT
Notice of effectiveness
3 Jun 15
Ownership
4
SM Energy / Lehman E Newton III ownership change
2 Aug 22
4
SM Energy / David J. Whitcomb ownership change
2 Aug 22
4
SM Energy / Mary Ellen Lutey ownership change
2 Aug 22
4
SM Energy / Kenneth J. Knott ownership change
2 Aug 22
4
SM Energy / David W Copeland ownership change
2 Aug 22
4
SM Energy / Patrick A Lytle ownership change
2 Aug 22
4
SM Energy / Herbert S Vogel ownership change
2 Aug 22
4
SM Energy / A WADE PURSELL ownership change
2 Aug 22
4
SM Energy / Lehman E Newton III ownership change
6 Jul 22
4
SM Energy / Mary Ellen Lutey ownership change
6 Jul 22
Transcripts
2022 Q2
Earnings call transcript
4 Aug 22
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
25 Feb 22
2021 Q3
Earnings call transcript
29 Oct 21
2021 Q2
Earnings call transcript
30 Jul 21
2021 Q1
Earnings call transcript
29 Apr 21
2020 Q4
Earnings call transcript
18 Feb 21
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
7 May 20
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