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SM Energy Reports First Quarter 2021 Results News provided by Share this article Share this article DENVER, April 29, 2021 /PRNewswire/  SM Energy Company (the Company ) (NYSE: SM) today announced operating and financial results for the first quarter 2021 and provided certain second quarter 2021 guidance. During the first quarter of 2021: Cash flows included net cash provided by operating activities of $105.6 million before net change in working capital of ($51.4) million totaling $157.1 million. Adjusted EBITDAX, (a non-GAAP measure reconciled below) was $215.0 million. Production was 10.05 MMBoe or 111.6 MBoe/d and was 54% oil. Production volumes were affected by the severe winter storm in Texas during February 2021, which resulted in 14 days of reduced production and delayed completions of new wells.

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