NYSEEnergyOil & Gas Exploration & ProductionS&P SmallCap 600
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Close of Nov 06, 2026 · end-of-day data
SM 8-K filings in 2025
Every material Form 8-K SM Energy filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
SM Energy disclosed that the FTC granted early termination of the HSR Act waiting period, effective December 18, 2025, for its proposed mergers with Civitas Resources. The companies expect the deals to close in the first quarter of 2026, subject to customary closing conditions. Senior Vice President Kenneth J. Knott will leave his current role at closing but stay on as an advisor.
FTC granted early termination of the 30-day HSR Act waiting period, effective December 18, 2025.
Closing of the Mergers is expected in the first quarter of 2026, subject to customary closing conditions.
Kenneth J. Knott, Senior Vice President – Business Development and Land, will conclude his current role upon closing and continue as an advisor.
The merger agreement with Civitas Resources was entered into on November 2, 2025.
On November 2, 2025, SM Energy agreed to merge with Civitas Resources in a deal where each Civitas share converts into 1.45 SM Energy shares. The merger requires approval from both companies' stockholders and regulatory clearances, and SM Energy would increase its authorized shares to 400,000,000 to complete it.
Exchange ratio: each Civitas common share becomes the right to receive 1.45 SM Energy common shares
Combined SM Energy board would have 11 members: six from the current SM Energy board and five from the Civitas board
Termination fees: $85 million payable by Civitas and $79 million payable by SM Energy in specified circumstances; the merger must be completed by August 3, 2026, subject to extension to November 2, 2026 for antitrust clearances
SM Energy authorized shares would rise to 400,000,000; SM Energy stockholders must approve the stock issuance and charter amendment
SM Energy reported third-quarter 2025 results on November 3, 2025. Net income fell to $155.1 million, or $1.35 per diluted share, from $240.5 million, or $2.09, a year earlier, while total operating revenues and other income rose to $811.6 million from $643.6 million. The company raised its full-year 2025 capital expenditure guidance to $1.375 billion to $1.395 billion, though it lowered several cost estimates and narrowed production guidance.
Third-quarter net income was $155.1 million, or $1.35 per diluted share, versus $240.5 million, or $2.09, in the same period of 2024.
Total operating revenues and other income were $811.6 million, compared with $643.6 million in the third quarter of 2024.
Full-year 2025 capital expenditure guidance was increased to $1.375 billion to $1.395 billion, excluding acquisitions.
Adjusted free cash flow was $234.3 million, an 80% increase from the same period in 2024.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every SM Energy filing is on SEC EDGAR ↗. 8-K briefs of other companies →