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SM - SM Energy: Debt Reduction Plans Progressing Well
June, 17 2022 02:29 AM
SM Energy Company
SM may be able to generate over $1.2 billion in positive cash flow in 2022. This would help it reduce its leverage to 0.3x by the end of the year. It may also be able to redeem its remaining 2025 and 2026 notes, reducing its interest costs to approximately $54 million per year. This would set it up for increased return of capital to shareholders. For further details see:
SM Energy: Debt Reduction Plans Progressing Well
Stock Information
Company Name:
SM Energy Company
Stock Symbol:
SM
Market:
NYSE
Website:
sm-energy.com/
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