SM Energy Company shares are trading higher after the company announced it expects to exceed the high end of its Q2 production guidance and expects to underspend on the low end of its Q2 guidance for capital expenditures and LOE costs.
Portfolio Pulse from Benzinga Newsdesk
SM Energy Company announced it expects to exceed the high end of its Q2 production guidance and underspend on the low end of its Q2 guidance for capital expenditures and LOE costs, leading to higher share prices.
June 21, 2023 | 3:18 pm
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POSITIVE IMPACT
SM Energy shares are trading higher after the company announced positive expectations for Q2 production, capital expenditures, and LOE costs.
SM Energy's announcement of exceeding Q2 production guidance and underspending on capital expenditures and LOE costs indicates strong financial performance, which is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100