SM Energy Sets Fourth-Quarter Oil Target at 229,000 to 239,000 Barrels a Day
Photo: TokenPost
SM Energy Company plans fourth-quarter oil output of 229,000 to 239,000 barrels a day while continuing to cut debt and pursue a low 1x leverage ratio by year-end 2026. Net debt fell to $6 billion from $7.4 billion. The company used proceeds from the Galvan sale to reduce its debt and remains focused on reaching its leverage target by the end of 2026. SM Energy has put about $400 million in synergies into action, twice its initial $200 million target and above a later goal of $375 million. The company expects full-year 2026 capital spending of about $2.75 billion.
Source: TokenPost
