27 May 2016director interest notice● Neutral
SM Energy Co director William D Sullivan acquired 11,134 shares at $31.89 under a company stock plan.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 May 2016director interest notice● Neutral
SM Energy Co director Julio M Quintana acquired 5,645 shares at $31.89 under a company stock plan.
27 May 2016director interest notice● Neutral
SM Energy Co director Rose M Robeson acquired 8,468 shares at $31.89 under a company stock plan.
26 May 2016agm notice● Neutral
SM Energy reported that at its May 24, 2016 annual meeting stockholders elected all incumbent directors, ratified Ernst & Young, approved executive pay in an advisory vote and approved the equity incentive plan amendment.
11 May 2016agm notice● Neutral
SM Energy urged stockholders to vote for Proposal 4, a 3.4 million share increase to its Equity Incentive Compensation Plan, after ISS recommended against it. It argued its burn rate and dilution were modest.
4 May 2016quarterly activities report● Neutral
SM Energy Co reported quarterly revenue of $143.1 million for the period ended 2016-03-31.
4 May 2016quarterly activities report● Neutral
SM Energy reported a first-quarter 2016 net loss of $347.2 million, against $53.1 million a year earlier, and operating cash flow of $118.3 million. Its press release said initial Permian wells exceeded expectations.
13 Apr 2016agm notice● Neutral
SM Energy Co announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
13 Apr 2016debt financing▼ BadMajor
With prices still low, SM Energy's borrowing base was cut again, from $2.0 billion to $1.25 billion, and its borrowing costs rose half a percentage point. In exchange the lenders dropped the total-debt-to-earnings test it was closest to breaching, replacing it with a looser secured-debt test and an interest-cover test, and capped the cash it may hold and the unsecured notes it may buy back.
13 Apr 2016agm notice● Neutral
SM Energy filed its proxy statement for the May 24, 2016 annual meeting. Shareholders were asked to elect eight directors, ratify Ernst & Young, hold an advisory pay vote, and approve raising the equity plan's authorized shares from 10.7 million to 14.1 million.
8 Apr 2016substantial holder notice● Neutral
Capital Research Global Investors ** reported a SM Energy Co shareholding of 6,904,864 shares (10.10% of votes) in a periodic institutional filing.
1 Mar 2016director interest notice● Neutral
SM Energy Co President & CEO Javan D Ottoson bought 2,500 shares on the open market at $9.00.
22 Feb 2016material agreement● Neutral
SM Energy and its Eagle Ford gas gatherer, renamed ETC Field Services (formerly Regency), scrapped the 2015 capacity-expansion commitment in favor of added dehydration capacity, with a temporary gathering-fee increase.
16 Feb 2016substantial holder notice● Neutral
CAUSEWAY CAPITAL MANAGEMENT LLC, TIN # disclosed a new substantial SM Energy Co shareholding (5.64% of votes).
16 Feb 2016substantial holder notice● Neutral
Capital Research Global Investors ** disclosed a new substantial SM Energy Co shareholding (9.90% of votes).
16 Feb 2016substantial holder notice● Neutral
Sunil Jagwani, Millinvest, Ltd disclosed a new substantial SM Energy Co shareholding (5.90% of votes).
11 Feb 2016substantial holder notice● Neutral
The Vanguard Group reported a SM Energy Co shareholding of 4,925,170 shares (7.24% of votes) in a periodic institutional filing.
10 Feb 2016substantial holder notice● Neutral
BlackRock, Inc reported a SM Energy Co shareholding of 6,059,030 shares (8.90% of votes) in a periodic institutional filing.
2 Feb 2016substantial holder notice● Neutral
Artisan Partners Limited Partnership, Artisan Investments GP LLC, Artisan Partners Holdings LP, Artisan Partners Asset Management Inc. reported a SM Energy Co shareholding of 2,689,031 shares (4.00% of votes) in a periodic institutional filing.
29 Dec 2015director interest notice● Neutral
SM Energy Co EVP & CFO A Wade Pursell gifted 700 shares.
9 Dec 2015director interest notice● Neutral
SM Energy Co EVP, GC & Corp. Sec. David W Copeland bought 10,000 shares on the open market at $23.04.
12 Nov 2015debt financing● Neutral
SM Energy amended its credit agreement's change-of-control definition, a technical change with no economic terms affected.
28 Oct 2015quarterly activities report● Neutral
SM Energy announced third quarter 2015 results, reporting net income of $3.1 million and net cash from operating activities of $235.3 million.
28 Oct 2015quarterly activities report● Neutral
SM Energy Co reported quarterly revenue of $371.2 million for the period ended 2015-09-30.
8 Oct 2015debt financing▼ Bad
Amid the 2015 oil price downturn, SM Energy's scheduled credit facility redetermination cut its borrowing base from $2.4 billion to $2.0 billion.
7 Oct 2015director interest notice● Neutral
SM Energy Co President & CEO Javan D Ottoson disposed of 24,659 shares via option/appreciation-right settlement.
15 Sept 2015material agreement● Neutral
SM Energy and Eagle Ford gas gatherer Regency Field Services agreed to nearly double gathering system capacity, from 580 to 980 MMcf/d by March 2017, with SM Energy committing to minimum delivery volumes or shortfall payments.
25 Aug 2015director interest notice● Neutral
SM Energy Co EVP - Operations Herbert S Vogel received a stock option grant for 9,292 shares.
25 Aug 2015director interest notice● Neutral
SM Energy Co Sr. VP & Regional Manager Mark D Mueller received a stock option grant for 2,230 shares.
25 Aug 2015director interest notice● Neutral
SM Energy Co SVP-Bus Dv & Land & Asst Sec Kenneth J. Knott received a stock option grant for 1,715 shares.