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SM Energy's Near-Term Focus Centers On Debt Reduction Over Stock Buybacks: Analyst
Summary
SM Energy expects Q1 oil volumes to slightly exceed guidance, with estimates at 103.0 MBo/d. Second-quarter production is projected to rise 6% quarter-over-quarter, aligning with the company's full-year target of 107 MBo/d. With improved cash flow and EBITDA forecasts, SM prioritizes debt reduction over share buybacks.
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Read Full ArticleArticle published on April 2, 2025 by benzinga