SM Energy discloses preliminary Q1 2026 realized prices and a $30 million derivative loss
SM Energy released preliminary first-quarter 2026 operating figures, including average realized oil prices of $69.56 per barrel after derivative settlements and an expected net derivative settlement loss of $30 million. The filing does not estimate first-quarter earnings, and the figures remain subject to completion of the company's financial reporting process. For shareholders, this gives early price and share-count data but no profit measure.
Key points
- Oil realized price was $73.69 per barrel before and $69.56 per barrel after net derivative settlements
- Gas realized price was $1.72 per Mcf before and $2.27 per Mcf after net derivative settlements
- The company anticipates a net derivative settlement loss of $30 million for the first quarter of 2026
- As of March 31, 2026, the company had 239,696,577 shares issued and outstanding, with 200 million diluted weighted-average shares for the quarter
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 17, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.