M&A
confidence high
sentiment neutral
materiality 0.80
SM Energy files amendment to 8-K with financial statements for its 80% Uinta Basin acquisition
SM Energy Co
- Acquisition of an undivided 80% interest in Uinta Basin oil and gas assets from XCL Sellers closed October 1, 2024.
- Amendment includes audited annual financial statements of XCL Resources Holdings for year ended Dec 31, 2023: revenue $871.2M, net income $399.0M.
- Also includes unaudited interim financial statements for six months ended June 30, 2024 and 2023 for XCL Resources Holdings.
- Pro forma condensed combined financial information for SM Energy as of June 30, 2024 and for six months and year ended Dec 31, 2023 is filed.