Common stock, $0.01 par value
- Symbol
- SM
- Exchange
- NYSE
- Classification
- COMMON
- Status
- Current
Current Report · Items 2.02 · 8-K
SM Energy Company
SMNYSEEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition In accordance with General Instruction B.2. of Form 8-K, the following information shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information and exhibits be deemed incorporated by reference in…
Company context
SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in Colorado, New Mexico, Texas and Utah. SM Energy routinely posts important information about the Company on its website. For more information about SM Energy, please visit www.sm-energy.com.
Current securities
Registered securities in this filing
SM Energy Co · 8-K · Filed 2026-07-16
Disclosure sections
Item 2.02Item 2.02 - Results of Operations
Item 2.02 Results of Operations and Financial Condition
In accordance with General Instruction B.2. of Form 8-K, the following information shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information and exhibits be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
SM Energy Company (the “Company”) is providing the following summary of earnings considerations that management believes will impact results for the second quarter of 2026. This summary is intended solely to provide information regarding current estimates of these factors. It is not comprehensive of all results for, or changes that have occurred during, the second quarter of 2026 and does not constitute an estimate of the Company’s second quarter 2026 earnings. In addition, this summary may not reflect all adjustments and charges required to fully account for changes in industry conditions, is preliminary in nature, and remains subject to completion of the Company’s financial reporting process for the second quarter of 2026.
The Company presents in this Item 2.02 certain information for the three months ended June 30, 2026, regarding its realized prices and commodity derivative activity.
Realized Prices
The following table presents information about average realized prices:
For the Three Months Ended
June 30, 2026
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Realized price (before the effect of net derivative settlements):
Oil (per Bbl) $96.85
Gas (per Mcf) $0.17
NGLs (per Bbl) $24.69
Realized price (including the effect of net derivative settlements): (1)
Oil (per Bbl) $80.62
Gas (per Mcf) $1.54
NGLs (per Bbl) $24.83
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(1) Indicates a non-GAAP metric calculated as the average realized price after the effects of net commodity derivative settlements. The Company believes this metric is useful to management and the investment community to understand the effects of net commodity derivative settlements on average realized price.
Commodity Derivative Activity
For the second quarter of 2026, the Company anticipates a net derivative settlement loss of approximately $220 million.