22 Dec 2020director interest notice● Neutral
SM Energy Co EVP & General Counsel David W Copeland received a stock option grant for 39,716 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 Dec 2020director interest notice● Neutral
SM Energy Co VP - Marketing David J. Whitcomb received a stock option grant for 13,169 shares.
22 Dec 2020director interest notice● Neutral
SM Energy Co SVP - Operations Lehman E Newton III received a stock option grant for 24,038 shares.
16 Nov 2020material agreement● Neutral
SM Energy's lenders reaffirmed its credit facility borrowing base at $1.1 billion in the scheduled redetermination and extended the window for it to issue permitted second-lien debt.
30 Oct 2020quarterly activities report▼ Bad
SM Energy Co reported quarterly revenue of $281.0 million and a net loss of $98.3 million for the period ended 2020-09-30.
29 Oct 2020quarterly activities report▼ Bad
SM Energy said on 29 October 2020 that it had issued a press release with its third-quarter 2020 results, titled 'Generating Cash Flow and Reducing Debt'. A conference call to answer questions was scheduled for 30 October.
10 Aug 2020substantial holder notice● Neutral
Capital Research Global Investors reported no remaining SM Energy Co shareholding in its periodic institutional filing.
7 Aug 2020substantial holder notice● Neutral
EnCap Energy Capital Fund IX, L.P, EnCap Partners GP, LLC reported a SM Energy Co shareholding of 5,586,290 shares (4.88% of votes) in a periodic institutional filing.
4 Aug 2020director interest notice● Neutral
SM Energy Co Controller & PAO Patrick A Lytle exercised stock options for 11,655 shares and disposed of 15,033 shares.
31 July 2020quarterly activities report▼ Bad
SM Energy Co reported quarterly revenue of $169.6 million and a net loss of $89.3 million for the period ended 2020-06-30.
30 July 2020quarterly activities report▼ Bad
SM Energy Co announced it issued its second quarter 2020 results and updated its 2020 operating plan, with a conference call scheduled for July 31, 2020.
6 July 2020director interest notice● Neutral
SM Energy Co SVP - Operations Lehman E Newton III exercised stock options for 30,884 shares and disposed of 16,063 shares.
6 July 2020director interest notice● Neutral
SM Energy Co EVP & CFO A Wade Pursell exercised stock options for 116,264 shares and disposed of 64,839 shares.
6 July 2020director interest notice● Neutral
SM Energy Co Controller & PAO Patrick A Lytle exercised stock options for 4,451 shares and disposed of 4,608 shares.
6 July 2020director interest notice● Neutral
SM Energy Co SVP - Development & EHS Mary Ellen Lutey exercised stock options for 44,325 shares and disposed of 23,415 shares.
6 July 2020director interest notice● Neutral
SM Energy Co SVP - Bus Dev & Land Kenneth J. Knott exercised stock options for 24,509 shares and disposed of 13,454 shares.
6 July 2020director interest notice● Neutral
SM Energy Co President & CEO Javan D Ottoson exercised stock options for 276,345 shares and disposed of 185,084 shares.
6 July 2020director interest notice● Neutral
SM Energy Co EVP & COO Herbert S Vogel exercised stock options for 132,364 shares and disposed of 72,434 shares.
6 July 2020director interest notice● Neutral
SM Energy Co EVP & General Counsel David W Copeland exercised stock options for 42,999 shares and disposed of 13,207 shares.
6 July 2020director interest notice● Neutral
SM Energy Co VP - Marketing David J. Whitcomb exercised stock options for 18,295 shares and disposed of 10,830 shares.
18 June 2020capital raising announcement● NeutralMajor
On June 17, 2020, SM Energy closed its debt exchange, swapping $718.9 million of older notes (including $107.0 million of 2021 convertible notes) for $446.675 million of new 10% second-lien secured notes due January 15, 2025. It also issued warrants to the participating holders to buy up to 5% of its common stock (subject to conditions) and paid about $53.5 million in cash to those who exchanged the 2021 notes. This completes the distressed exchange begun after the April 2020 oil price crash; it cuts the principal of the older debt but puts the new notes ahead of unsecured debt and adds potential share dilution through the warrants.
10 June 2020director interest notice● Neutral
SM Energy Co director Julio M Quintana received 27,028 shares as part of the equity award.
10 June 2020director interest notice● Neutral
SM Energy Co director Larry W Bickle received 27,028 shares as part of the equity award.
10 June 2020director interest notice● Neutral
SM Energy Co director Rose M Robeson received 27,028 shares as part of the equity award.
10 June 2020director interest notice● Neutral
SM Energy Co director Carla Jean Bailo received 56,758 shares as part of the equity award.
10 June 2020director interest notice● Neutral
SM Energy Co director Stephen R Brand received 27,028 shares as part of the equity award.
10 June 2020director interest notice● Neutral
SM Energy Co director Loren M Leiker received 27,028 shares as part of the equity award.
10 June 2020director interest notice● Neutral
SM Energy Co director Ramiro G Peru received 27,028 shares as part of the equity award.
10 June 2020director interest notice● Neutral
SM Energy Co director William D Sullivan received 48,650 shares as part of the equity award.
29 May 2020agm notice● Neutral
SM Energy Co shareholders re-elected all nine directors and approved executive pay, the Ernst & Young appointment, and a reverse stock split at a ratio between 1-for-5 and 1-for-20, to be set by the board later.