Sign Up Now!
Back to Results
Note: Only one slide is currently available because you are not currently logged in.
SM Energy Co
Q2 2011 Earnings Call & Operational Update
| Tony Best | Page 5 of 11 |
April 27, 2015
View in Results
"Q2 2011 Earnings Call & Operational Update"
View Full Document
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See
52ndQuarter 2011 Performance Production 2Q Reported performance 2Q Guidance Average daily production (MMCFE/d) 436.9 396 - 429 Total production (BCFE) 39.8 36 - 39 Oil production (as % of total) 28% ~30% Natural gas production (as % of total) 60% ~58% NGL production (as % of total) 12% ~12%CostsLOE ($/MCFE) $0.84 $0.98 - $1.03 Transportation ($/MCFE) $0.42 $0.50 - $0.55 Production taxes (% of pre-derivative oil, gas, & NGL revenue) 1.0% 7.0% G&A -- Cash ($/MCFE) $0.43 $0.47 - $0.50 G&A -- Cash NPP ($/MCFE) $0.13 $0.13 - $0.15 G&A -- Non-cash ($/MCFE) $0.13 $0.11 - $0.13 TOTAL G&A ($/MCFE) $0.69 $0.71 - $0.78 DD&A ($/MCFE) $2.90 $2.90 - $3.10 Non-cash interest expense ($MM) $7.7 $7.3 Net Income GAAP net income of $124.5 million, or $1.86 per diluted share Adjusted net income ( non - GAAP) of $61.1 million, or $ 0.91 per adjusted diluted share*Cash Flow GAAP cash flow from operating activities of $213.3 million Operating cash flow (non - GAAP) of $226.7 million*Performance versus guidance * Please see adjusted net income and operating cash flow reconciliations in the appendix.