NYSE:SMOil and Gas
SM Energy Resets Portfolio As Debt Falls And Civitas Synergies Build
SM Energy (NYSE:SM) has completed the divestiture of its South Texas assets for US$900–950 million.
The company has used the proceeds to fully redeem its outstanding 6.75% Senior Notes due 2026.
Management reports that merger synergies with Civitas are running ahead of prior targets, with updated annual guidance and the start of share repurchases.
For investors tracking U.S. oil and gas producers, SM Energy sits at the intersection of shale development, portfolio reshaping, and balance...