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AI brief of an SEC Form 8-K · SM Energy (SM)

SM Energy expects $207 million derivative settlement loss for third quarter 2026

Negative Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanySM Energy (SM)
Form8-K, current report
Filed with the SECOct 14, 2026, 4:34 PM ET
Accession number0000893538-26-000137

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 October 14, 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.