---
schema_version: "secwatch.filing_event.v1"
accession: "0000893538-24-000079"
form_type: "8-K"
ticker: "SM"
cik: "0000893538"
company_name: "SM Energy Co"
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T20:02:45.768993+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# SM Energy announces $1.3B note offering to finance XCL acquisition; raises dividend, $500M buyback

## Summary
- Plans to offer $650M senior notes due 2029 and $650M senior notes due 2032 in private placement.
- Proceeds used to fund $2.04B (80% share) XCL acquisition of Uinta Basin assets and redeem 5.625% 2025 notes.
- Acquisition targets 37,200 net acres, Q1 2024 production ~38,200 boe/d (88% oil), 145 MMBOE proved reserves.
- Dividend increased to $0.20/share quarterly; Board authorized new $500M share repurchase program through 2027.
- 2029 notes subject to special mandatory redemption if XCL deal not closed by July 1, 2025.

## SEC filing metadata
- accession: 0000893538-24-000079
- form_type: 8-K
- ticker: SM
- cik: 0000893538
- company_name: SM Energy Co
- filed_at: 2024-07-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893538/000089353824000079/0000893538-24-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893538/000089353824000079/sm-20240718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893538-24-000079
- JSON: https://secwatch.observer/filing/0000893538-24-000079.json
- Plain text: https://secwatch.observer/filing/0000893538-24-000079.txt

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