Security
SM Energy Company · SM
SMNYSECommon stockCurrentCIK 893538Updated Oct 15, 2026
Name history
ST MARY LAND & EXPLORATION CO · through May 27, 2010
SM price & chart
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NYSE:SM on TradingView ↗About the company
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.
In the news
EnerCom Announces Premier Networking Events for the 31st Annual Energy Investment Conference, Including Monday Charity Golf Tournament, Monday VIP Welcome Mixer, and Tuesday Casino Night ↗
Recent filings
Results of Operations and Financial Condition
Items 2.02
SD filing
Termination of a Material Definitive Agreement
Items 1.02
144 filing
SCHEDULE 13G - filed by ARISTEIA CAPITAL, L.L.C. regarding SM Energy Co
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 9,089,500,000Source | 8,027,772,000Source | 18,858,000,000Source | 8,993,235,000Source | 6,657,011,000Source | 19,144,000,000Source | 8,787,665,000Source | 6,398,458,000Source | 9,253,000,000Source | 8,576,647,000Source | 6,379,985,000Source | 5,716,039,000Source |
| Property, Plant and Equipment, NetUSD | 8,264,913,000Source | 5,754,270,000Source | 16,548,000,000Source | 8,260,768,000Source | 5,661,533,000Source | 17,101,000,000Source | 8,161,602,000Source | 5,513,597,000Source | 8,202,000,000Source | 7,992,709,000Source | 5,376,420,000Source | 4,882,779,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 162,251,000Source | 1,735,313,000Source | 620,000,000Source | 101,877,000Source | 487,869,000Source | 449,000,000Source | 54,000Source | 506,252,000Source | 368,000,000Source | 0Source | 616,164,000Source | 444,998,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 367,688,000Source | 226,604,000Source | 989,000,000Source | 364,296,000Source | 239,095,000Source | 915,000,000Source | 382,955,000Source | 241,731,000Source | 331,000,000Source | 360,976,000Source | 231,165,000Source | 233,297,000Source |
| Assets, CurrentUSD | 632,958,000Source | 2,044,428,000Source | 1,900,000,000Source | 575,090,000Source | 774,228,000Source | 1,671,000,000Source | 471,822,000Source | 793,045,000Source | 811,000,000Source | 434,699,000Source | 916,439,000Source | 737,203,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 34,452,000Source | 10,224,000Source | 146,000,000Source | 30,413,000Source | 20,056,000Source | 106,000,000Source | 28,173,000Source | 11,149,000Source | 29,000,000Source | 25,201,000Source | 12,668,000Source | 10,231,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | — | — | — | — | — | — | 210,000,000Source | 111,882,000Source | 32,264,000Source | 26,368,000Source |
| Other Assets, NoncurrentUSD | 186,952,000Source | 115,490,000Source | 354,000,000Source | 152,506,000Source | 111,372,000Source | 345,000,000Source | 150,708,000Source | 84,618,000Source | 234,000,000Source | 145,266,000Source | 78,454,000Source | 71,592,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 1,146,000Source | 1,144,000Source | 2,000,000Source | 1,146,000Source | 1,141,000Source | 2,000,000Source | 1,145,000Source | 1,150,000Source | 1,000,000Source | 1,145,000Source | 1,157,000Source | 1,219,000Source |
| Retained Earnings (Accumulated Deficit)USD | 3,205,190,000Source | 2,570,108,000Source | 3,921,000,000Source | 3,073,545,000Source | 2,352,532,000Source | 2,903,000,000Source | 2,894,870,000Source | 2,162,771,000Source | 3,291,000,000Source | 2,735,494,000Source | 2,052,279,000Source | 1,308,558,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,124,000Source | -2,484,000Source | 2,000,000Source | -1,135,000Source | -2,592,000Source | 1,000,000Source | -1,147,000Source | -2,599,000Source | 1,000,000Source | -1,161,000Source | -2,607,000Source | -4,022,000Source |
| Stockholders' Equity Attributable to ParentUSD | 4,713,087,000Source | 4,061,546,000Source | 7,813,000,000Source | 4,590,000,000Source | 3,843,940,000Source | 6,868,000,000Source | 4,404,000,000Source | 3,698,251,000Source | 4,810,000,000Source | 4,237,257,000Source | 3,615,850,000Source | 3,085,458,000Source |
| Additional Paid in Capital, Common StockUSD | 1,507,875,000Source | 1,492,778,000Source | 3,888,000,000Source | 1,516,542,000Source | 1,492,859,000Source | 3,962,000,000Source | 1,508,865,000Source | 1,536,929,000Source | 1,517,000,000Source | 1,501,779,000Source | 1,565,021,000Source | 1,779,703,000Source |
| Liabilities and EquityUSD | 9,089,500,000Source | 8,027,772,000Source | 18,858,000,000Source | 8,993,235,000Source | 6,657,011,000Source | 19,144,000,000Source | 8,787,665,000Source | 6,398,458,000Source | 9,253,000,000Source | 8,576,647,000Source | 6,379,985,000Source | 5,716,039,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 1,135,326,000Source | 581,099,000Source | 3,089,000,000Source | 837,947,000Source | 601,785,000Source | 4,280,000,000Source | 822,723,000Source | 536,084,000Source | 1,169,000,000Source | 789,950,000Source | 633,812,000Source | 598,584,000Source |
| Operating Lease, Liability, CurrentUSD | — | — | — | — | — | — | — | — | 58,000,000Source | 22,419,000Source | 15,425,000Source | 10,114,000Source |
| Accounts Payable, CurrentUSD | — | — | — | — | — | — | — | — | 77,000,000Source | 82,500,000Source | 107,315,000Source | 43,898,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | — | — | — | — | — | — | — | 80,000,000Source | 42,902,000Source | 24,352,000Source | 23,621,000Source |
| Deferred Income Tax Liabilities, NetUSD | 690,446,000Source | 467,459,000Source | 630,000,000Source | 589,756,000Source | 440,815,000Source | 315,000,000Source | 569,551,000Source | 397,296,000Source | 724,000,000Source | 545,295,000Source | 369,903,000Source | 280,811,000Source |
| Other Liabilities, NoncurrentUSD | 101,544,000Source | 85,193,000Source | 275,000,000Source | 101,711,000Source | 65,771,000Source | 461,000,000Source | 79,224,000Source | 65,258,000Source | 102,000,000Source | 74,947,000Source | 65,039,000Source | 69,601,000Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | — | — | — | — | — | — | — | — | 167,000,000Source | 200,351,000Source | 144,707,000Source | 125,570,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 724,000,000Source | 545,295,000Source | 369,903,000Source | 280,811,000Source |
| Dividends Payable, CurrentUSD | — | — | — | — | — | — | — | — | 23,000,000Source | 22,892,000Source | 20,834,000Source | 18,290,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 25,000,000Source | 7,000,000Source | 29,000,000Source | 25,021,000Source | 20,250,000Source | 18,772,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | — | — | -30,000,000Source | 85,528,000Source | 10,191,000Source | -38,554,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | 75,686,000Source | 45,615,000Source | 316,000,000Source | 43,000,000Source | -85,000,000Source | 26,000,000Source | 178,000,000Source | 174,986,000Source | 88,256,000Source | 269,057,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 640,000,000Source | 483,000,000Source | 2,011,000,000Source | 1,782,514,000Source | 1,574,394,000Source | 1,686,406,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -628,000,000Source | -429,000,000Source | -1,468,000,000Source | -3,407,171,000Source | -1,098,685,000Source | -880,263,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | 24,000,000Source | 15,000,000Source | -4,000,000Source | -7,136,000Source | -657,000Source | 329,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | — | — | — | 6,837,000Source | 7,882,000Source | 25,129,000Source |
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | — | 0Source | 13,000,000Source | 86,056,000Source | 228,105,000Source | 57,207,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 69,000,000Source | -54,000,000Source | -175,000,000Source | 1,008,493,000Source | -304,543,000Source | -693,861,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 82,000,000Source | 23,000,000Source | 92,000,000Source | 85,020,000Source | 71,614,000Source | 19,637,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | -26,000,000Source | 0Source | -5,000,000Source | — | 0Source | -9,981,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 81,000,000Source | 0Source | 368,000,000Source | -616,164,000Source | 171,166,000Source | 112,282,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 95,000,000Source | 82,000,000Source | 166,000,000Source | 88,389,000Source | 86,947,000Source | 134,240,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | 84,000Source | 4,000,000Source | -26,904,000Source | -8,975,000Source | -10,576,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | — | — | — | -5,000,000Source | 3,000,000Source | 10,000,000Source | 7,456,000Source | 5,486,000Source | 10,281,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | — | — | — | — | — | — | 9,000,000Source | 5,403,000Source | 6,330,000Source | 5,344,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | — | — | — | — | — | — | — | — | -124,000Source | 0Source | 0Source |
| Dividends Payable, CurrentUSD | — | — | — | — | — | — | — | — | 23,000,000Source | 22,892,000Source | 20,834,000Source | 18,290,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | 45,479,000Source | 86,283,000Source | 272,000,000Source | 78,000,000Source | -697,000,000Source | -17,000,000Source | 178,000,000Source | 49,958,000Source | 68,154,000Source | -374,012,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | — | -483,000Source | 0Source | -67,605,000Source |
| General and Administrative ExpenseUSD | — | — | 39,317,000Source | 35,141,000Source | 79,000,000Source | 42,000,000Source | 174,000,000Source | 39,000,000Source | 161,000,000Source | 138,344,000Source | 121,063,000Source | 114,558,000Source |
| Income Tax Expense (Benefit)USD | — | — | 49,205,000Source | 57,127,000Source | 318,000,000Source | 51,000,000Source | -75,000,000Source | 50,000,000Source | 182,000,000Source | 195,930,000Source | 96,322,000Source | 283,818,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 155,088,000Source | 240,523,000Source | 1,071,000,000Source | 202,000,000Source | -335,000,000Source | 182,000,000Source | 648,000,000Source | 770,293,000Source | 817,880,000Source | 1,111,952,000Source |
| Other Nonoperating Income (Expense)USD | — | — | -80,000Source | -637,000Source | 4,000,000Source | 0Source | 1,000,000Source | 0Source | 0Source | -233,000Source | -928,000Source | 4,240,000Source |
| Other Operating Income (Expense), NetUSD | — | — | -5,331,000Source | -384,000Source | -28,000,000Source | -2,000,000Source | -20,000,000Source | -5,000,000Source | -22,000,000Source | -15,781,000Source | -20,567,000Source | -3,493,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | 3,000,000Source | 3,201,000Source | 3,058,000Source | 3,039,000Source |
| Results of Operations, Depreciation, Depletion, Amortization and AccretionUSD | — | — | 325,372,000Source | 202,942,000Source | 592,000,000Source | 293,000,000Source | 432,000,000Source | 270,000,000Source | 1,207,000,000Source | 809,305,000Source | 690,481,000Source | 603,780,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 811,009,000Source | 642,380,000Source | 2,156,000,000Source | 785,000,000Source | 1,477,000,000Source | 840,000,000Source | 3,138,000,000Source | 2,671,285,000Source | 2,363,889,000Source | 3,345,906,000Source |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 811,591,000Source | 643,613,000Source | 2,500,000,000Source | 793,000,000Source | 1,479,000,000Source | 845,000,000Source | 3,154,000,000Source | 2,690,259,000Source | 2,373,886,000Source | 3,358,647,000Source |
| Operating Income (Loss)USD | — | — | 246,482,000Source | 330,952,000Source | 1,496,000,000Source | 295,000,000Source | -298,000,000Source | 276,000,000Source | 1,000,000,000Source | 1,075,695,000Source | 986,906,000Source | 1,579,481,000Source |
| Other Nonoperating Income (Expense)USD | — | — | -80,000Source | -637,000Source | 4,000,000Source | 0Source | 1,000,000Source | 0Source | 0Source | -233,000Source | -928,000Source | 4,240,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 204,293,000Source | 297,650,000Source | 1,389,000,000Source | 253,000,000Source | -410,000,000Source | 232,000,000Source | 830,000,000Source | 966,223,000Source | 914,202,000Source | 1,395,770,000Source |
| Income Tax Expense (Benefit)USD | — | — | 49,205,000Source | 57,127,000Source | 318,000,000Source | 51,000,000Source | -75,000,000Source | 50,000,000Source | 182,000,000Source | 195,930,000Source | 96,322,000Source | 283,818,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 155,088,000Source | 240,523,000Source | 1,071,000,000Source | 202,000,000Source | -335,000,000Source | 182,000,000Source | 648,000,000Source | 770,293,000Source | 817,880,000Source | 1,111,952,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 1.35Source | 2.1Source | 4.48Source | 1.76Source | -1.68Source | 1.59Source | 5.65Source | 6.71Source | 6.89Source | 9.09Source |
| Earnings Per Share, DilutedUSD per share | — | — | 1.35Source | 2.09Source | 4.46Source | 1.76Source | -1.68Source | 1.59Source | 5.64Source | 6.67Source | 6.86Source | 8.96Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 114,826,000Source | 114,405,000Source | 239,000,000Source | 115,000,000Source | 199,000,000Source | 115,000,000Source | 115,000,000Source | 114,757,000Source | 118,678,000Source | 122,351,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 115,226,000Source | 114,993,000Source | 240,000,000Source | 115,000,000Source | 199,000,000Source | 115,000,000Source | 115,000,000Source | 115,533,000Source | 119,240,000Source | 124,084,000Source |
| Additional Financial Items | ||||||||||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.2Source | 0.2Source | 0.22Source | 0.2Source | 0.22Source | 0.2Source | 0.8Source | 0.76Source | 0.63Source | 0.31Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | — | — | 229,036,000Source | 148,380,000Source | 556,000,000Source | 224,000,000Source | 428,000,000Source | 225,000,000Source | 885,000,000Source | 636,971,000Source | 563,543,000Source | 620,912,000Source |
| Costs and ExpensesUSD | — | — | 565,109,000Source | 312,661,000Source | 1,004,000,000Source | 498,000,000Source | 1,777,000,000Source | 568,000,000Source | 2,154,000,000Source | 1,614,564,000Source | 1,386,980,000Source | 1,779,166,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | — | — | — | — | — | — | — | — | -124,000Source | 0Source | 0Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | 45,479,000Source | 86,283,000Source | 272,000,000Source | 78,000,000Source | -697,000,000Source | -17,000,000Source | 178,000,000Source | 49,958,000Source | 68,154,000Source | -374,012,000Source |
| General and Administrative ExpenseUSD | — | — | 39,317,000Source | 35,141,000Source | 79,000,000Source | 42,000,000Source | 174,000,000Source | 39,000,000Source | 161,000,000Source | 138,344,000Source | 121,063,000Source | 114,558,000Source |
| Interest and Other IncomeUSD | — | — | 828,000Source | 18,017,000Source | — | 182,000Source | — | 113,000Source | 3,000,000Source | 31,903,000Source | 19,854,000Source | — |
| Interest ExpenseUSD | — | — | 42,937,000Source | 50,682,000Source | 111,000,000Source | 43,000,000Source | 113,000,000Source | 44,000,000Source | 173,000,000Source | 140,659,000Source | 91,630,000Source | 120,346,000Source |
| Other Operating IncomeUSD | — | — | 582,000Source | 1,233,000Source | 82,000,000Source | 8,000,000Source | 2,000,000Source | 5,000,000Source | 16,000,000Source | 18,974,000Source | 9,997,000Source | 12,741,000Source |
| Other Operating Income (Expense), NetUSD | — | — | -5,331,000Source | -384,000Source | -28,000,000Source | -2,000,000Source | -20,000,000Source | -5,000,000Source | -22,000,000Source | -15,781,000Source | -20,567,000Source | -3,493,000Source |
| Results of Operations, Depreciation, Depletion, Amortization and AccretionUSD | — | — | 325,372,000Source | 202,942,000Source | 592,000,000Source | 293,000,000Source | 432,000,000Source | 270,000,000Source | 1,207,000,000Source | 809,305,000Source | 690,481,000Source | 603,780,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 811,009,000Source | 642,380,000Source | 2,156,000,000Source | 785,000,000Source | 1,477,000,000Source | 840,000,000Source | 3,138,000,000Source | 2,671,285,000Source | 2,363,889,000Source | 3,345,906,000Source |
Offerings
Registration 333-291956
Filing attachments
tm267946d3_ex4-1.htm · 8-K · 2026-03-09
EX-4.1 2 tm267946d3_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 SM Energy Company, as Issuer The Subsidiary Guarantors party hereto and U.S. Bank Trust Company, National Association, as Trustee INDENTURE Dated as of March 9, 2026 6.625% Senior Notes due 2034 TABLE OF CONTENTS ARTICLE One DEFINITIONS AND INCORPORATION BY REFERENCE 1 Section 1.01. Definitions …
Read attachment ↗tm267946d2_ex99-1.htm · 8-K · 2026-03-05
EX-99.1 2 tm267946d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 News Release SM ENERGY PRICES AN UPSIZED PRIVATE OFFERING OF $1.0 BILLION OF SENIOR NOTES DUE 2034 DENVER - Mar. 4, 2026 - SM Energy Company (“SM Energy”) (NYSE: SM) announced today that it has priced an upsized offering of $1.0 billion aggregate principal amount of 6.625% senior notes due 2034 (the “Notes”). The Notes will be issued at par. The offering of the Notes is expected to close on March 9, 2026, subject to customary cl…
Read attachment ↗tm267946d1_ex99-1.htm · 8-K · 2026-03-04
EX-99.1 4 tm267946d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 News Release SM ENERGY ANNOUNCES PRIVATE OFFERING OF $750 MILLION OF SENIOR NOTES DUE 2034 DENVER - Mar. 4, 2026 - SM Energy Company (“SM Energy” or “the Company”) (NYSE: SM) announced today that, subject to market conditions, it intends to offer $750 million aggregate principal amount of its senior notes due 2034 (the “Notes”). SM Energy intends to use the net proceeds from the offering of the Notes, together with cash on han…
Read attachment ↗tm267946d1_ex99-2.htm · 8-K · 2026-03-04
EX-99.2 5 tm267946d1_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 News Release SM ENERGY COMPANY ANNOUNCES CASH TENDER OFFER FOR UP TO $750.0 MILLION AGGREGATE PRINCIPAL AMOUNT OF 8.375% SENIOR NOTES DUE 2028 ORIGINALLY ISSUED BY CIVITAS RESOURCES DENVER - Mar. 4, 2026 - SM Energy Company (“SM Energy”) (NYSE: SM) today announced that it has commenced a cash tender offer to purchase (the “Tender Offer”) up to an aggregate principal amount not to exceed $750,000,000 (as it may be modified by SM…
Read attachment ↗tm266202d1_ex99-1.htm · 8-K · 2026-02-18
Exhibit 99.1 News Release SM ENERGY ANNOUNCES AGREEMENT TO SELL $950 MILLION IN ASSETS Proceeds to accelerate deleveraging and strengthen balance sheet DENVER -- Feb. 18, 2026 -- SM Energy Company (NYSE: SM) today announced that it has entered into an agreement to sell certain South Texas assets to Caturus Energy, LLC for a cash purchase price of $950 million (the “Transaction”), subject to customary adjustments. “This timely asset sale largely accomplishes one of our key priorities of …
Read attachment ↗tm264415d1_ex99-1.htm · S-8 · 2026-01-30
Exhibit 99.1 CIVITAS RESOURCES, INC. 2024 LONG TERM INCENTIVE PLAN (As Assumed by SM Energy Company and Amended through January 30, 2026) Article I PURPOSE The purpose of this Civitas Resources, Inc. 2024 Long Term Incentive Plan (this “Plan”) is to promote the success of the Company’s business for the benefit of its stockholders by enabling the Company to offer Eligible Individuals cash and stock-based incentives in order to attract, retain, and reward such individuals and strengthen the m…
Read attachment ↗