---
schema_version: "secwatch.filing_event.v1"
accession: "0000893538-23-000056"
form_type: "8-K"
ticker: "SM"
cik: "0000893538"
company_name: "SM Energy Co"
filed_at: "2023-06-21T23:59:59+00:00"
generated_at: "2026-06-13T20:27:37.956345+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SM Energy announces Q2 2023 activity: 2.6M shares repurchased, production up, 22,800 acre acquisition

## Summary
- Repurchased 2.6 million shares (2.2% of outstanding) in Q2 2023 under $500M program; total repurchases 5.3M shares since inception.
- Expects to exceed high-end of Q2 production guidance due to higher oil, gas, and NGL volumes from South Texas.
- Expects to underspend low-end of Q2 capital and LOE guidance due to cost deflation; plans additional Midland Basin rig in October 2023.
- Entered agreement to acquire 20,000 net acres in Dawson and Martin counties, Texas for $93.5M with 1,250 Boe/d production (~90% oil).
- Acquired additional 2,800 net acres adjacent to prior Midland Basin acquisition, bringing combined acreage to 9,100 net acres.

## SEC filing metadata
- accession: 0000893538-23-000056
- form_type: 8-K
- ticker: SM
- cik: 0000893538
- company_name: SM Energy Co
- filed_at: 2023-06-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893538/000089353823000056/0000893538-23-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893538/000089353823000056/sm-20230621.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893538-23-000056
- JSON: https://secwatch.observer/filing/0000893538-23-000056.json
- Plain text: https://secwatch.observer/filing/0000893538-23-000056.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.