SM Energy Co (LTS:0KZA)
$ 46.8148 0.5053 (1.09%) Market Cap: 5.38 Bil Enterprise Value: 6.45 Bil PE Ratio: 7.33 PB Ratio: 1.45 GF Score: 75/100

Q4 2019 SM Energy Co Earnings Pre-Recorded Discussion Transcript

Feb 19, 2020 / NTS GMT
Release Date Price: $8.47
Unidentified Company Representative

Welcome to SM Energy's Fourth Quarter and Full Year 2019 Financial and Operating Results Webcast. Our 2019 results demonstrate very solid performance against our 2019 plan as well as versus Street estimates, including for production, earnings, EBITDAX, cash flow and year-end leverage.

Before we get started on our prepared remarks, I will direct you to Slide 2 and remind you that we will be making forward-looking statements about our plans, expectations and assumptions regarding future performance. In particular, we will be giving 2020 guidance. These statements involve risks that may cause our actual results to differ materially from the results expressed or implied in our forward-looking statements. Please refer to the cautionary information about forward-looking statements in today's earnings release, the related presentation posted to our website and the risk factors section of our most recently filed Form 10-K.

Discussion of 2019 results includes non-GAAP financial measures that we believe are useful in evaluating our performance. Reconciliation of those

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