Nov 3, 4:11 PM ET
SM Energy reported third-quarter 2026 total operating revenues and other income of $2.17 billion, up from $812 million a year earlier, but net income fell to $93 million, or $0.39 per diluted share, from $155 million, or $1.35, in the prior-year quarter. The company lowered its full-year 2026 oil production guidance to 220-222 MBbl/d, citing transitory factors, while keeping capital expenditures at about $2.75 billion.
- Total operating revenues and other income were $2.17 billion, compared with $812 million in the third quarter of 2025.
- Net income was $93 million, or $0.39 per diluted share, including a $477 million non-cash loss from changes in the fair value of commodity derivative contracts.
- Full-year 2026 oil production guidance was lowered by 1% to 220-222 MBbl/d; total production guidance was narrowed to 420-422 MBoe/d.
- Net debt was reduced to $6.0 billion from $7.4 billion at March 31, 2026, after redeeming all $417 million of 6.625% Senior Notes due 2027.
Read the filing on SEC.gov ↗
Oct 14, 4:34 PM ET
SM Energy said in a preliminary Item 2.02 filing that it anticipates a net derivative settlement loss of $207 million for the third quarter of 2026. The filing also gives average realized prices for oil, gas and NGLs for the quarter, but it is not a full earnings release and does not estimate third quarter earnings. Shareholders should note the figures are preliminary and unaudited, with full results to come later.
- Anticipated net derivative settlement loss for Q3 2026: $207 million, excluding changes in fair value of unsettled positions
- Average realized oil price for Q3 2026 (before net derivative settlements): $85.76 per barrel
- Average realized gas price: $2.48 per Mcf; NGLs: $29.40 per barrel
- Changes in fair value of unsettled derivatives could be material and will be reported with third quarter results
Read the filing on SEC.gov ↗
Aug 5, 4:18 PM ET
SM Energy reported second-quarter 2026 net income of $1.07 billion, or $4.46 per diluted share, compared with $202 million, or $1.76 per share, a year earlier, on total operating revenues and other income of $2.5 billion. The company raised its second-half 2026 production guidance to 435–440 MBoe/d, kept full-year capital guidance at $2.65–$2.85 billion, and lowered recurring general and administrative guidance by $50 million at the midpoint. It also said it will redeem all $417 million of its 6.625% Senior Notes due 2027, which would retire all Senior Notes due through mid-2028.
- Net income of $1,071 million ($4.46 per diluted share) versus $202 million ($1.76) in the second quarter of 2025; total operating revenues and other income were $2.5 billion versus $793 million.
- Second-half 2026 production guidance raised to 435–440 MBoe/d from 430 MBoe/d; full-year 2026 capital guidance of $2.65–$2.85 billion was maintained.
- Full-year 2026 recurring G&A guidance lowered by $50 million at the midpoint; $137 million returned to stockholders in the quarter through dividends and share repurchases.
- Notice of full redemption of the $416,791,000 6.625% Senior Notes due 2027 at 100% of principal plus accrued and unpaid interest.
Read the filing on SEC.gov ↗
Jul 16, 4:15 PM ET
SM Energy said it expects a net derivative settlement loss of about $220 million for the second quarter of 2026. Its average realized oil price before derivative settlements was $96.85 per barrel, but $80.62 per barrel after them, so hedging reduced the oil price it realized. The figures are preliminary, the filing does not give revenue, earnings per share or full-year guidance, and results remain subject to the company's closing process.
- Average oil price realized before derivative settlements was $96.85 per Bbl for the three months ended June 30, 2026; after net derivative settlements it was $80.62 per Bbl.
- Average gas price realized was $0.17 per Mcf before and $1.54 per Mcf after net derivative settlements.
- Average NGL price realized was $24.69 per Bbl before and $24.83 per Bbl after net derivative settlements.
- The company anticipates a net derivative settlement loss of approximately $220 million for the second quarter of 2026.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.