{"schema_version":"secwatch.filing_event.v1","accession":"0000893538-25-000137","form_type":"8-K","ticker":"SM","cik":"0000893538","company_name":"SM Energy Co","filed_at":"2025-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.515397+00:00","generated_at":"2026-05-17T01:02:00.631801+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"SM Energy Q3 net income $155.1M, production up 26% YoY, adjusted FCF +80% to $234.3M","bullets":["Net income $155.1M ($1.35 diluted EPS); adjusted net income $153.7M ($1.33 diluted).","Production 19.7 MMBoe (213.8 MBoe/d), oil up 47% YoY to 113.9 MBbl/d.","Adjusted free cash flow $234.3M, up 80% YoY; returned $35.1M to stockholders via dividends and buybacks.","Full-year capex guidance raised to $1.375-$1.395B due to working interest acquisitions; production narrowed to 207-208 MBoe/d.","Net debt-to-Adjusted EBITDAX reduced to 1.1x; CEO succession to Beth McDonald next quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0000893538-25-000137","json":"https://secwatch.observer/filing/0000893538-25-000137.json","markdown":"https://secwatch.observer/filing/0000893538-25-000137.md","text":"https://secwatch.observer/filing/0000893538-25-000137.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/893538/000089353825000137/0000893538-25-000137-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/893538/000089353825000137/sm-20251103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T01:02:00.631801+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}