Sm energy reports q1 loss per share of $3.64

Sm energy reports first quarter 2020 results and updates 2020 operating plan.q1 adjusted loss per share $0.05.q1 loss per share $3.64.q1 earnings per share estimate $-0.17 -- refinitiv ibes data.first quarter 2020 production was 12.4 mmboe (135.9 mboe/d) at 51% oil.2020 capital expenditure pace is expected to be reduced significantly, down by about 20% versus earlier guidance.will no longer use non-gaap measures discretionary cash flow and total capital spend.expects to reduce activity in midland basin to four rigs in july.decision to reduce salary of executives, effective may 1, 2020, to postpone salary increases for all employees.qtrly total operating revenues and other income $355.7 million versus $340.9 million.q1 revenue view $400.1 million -- refinitiv ibes data.withdrawing previously issued production guidance for 2020.
SM Ratings Summary
SM Quant Ranking