---
schema_version: "secwatch.filing_event.v1"
accession: "0000893538-26-000052"
form_type: "8-K"
ticker: "SM"
cik: "0000893538"
company_name: "SM Energy Co"
filed_at: "2026-04-17T23:59:59+00:00"
generated_at: "2026-05-15T05:40:48.875708+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SM Energy provides preliminary Q1 2026 earnings considerations with realized prices and derivative loss

## Summary
- Average realized oil price $73.69/Bbl, gas $1.72/Mcf, NGLs $21.58/Bbl for Q1 2026.
- Anticipates net derivative settlement loss of $30 million for first quarter 2026.
- Basic weighted-average shares outstanding 199 million, diluted 200 million for Q1 2026.
- As of March 31, 2026, had 239,696,577 shares issued and outstanding.
- Preliminary data subject to completion of financial reporting process.

## SEC filing metadata
- accession: 0000893538-26-000052
- form_type: 8-K
- ticker: SM
- cik: 0000893538
- company_name: SM Energy Co
- filed_at: 2026-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893538/000089353826000052/0000893538-26-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893538/000089353826000052/sm-20260417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893538-26-000052
- JSON: https://secwatch.observer/filing/0000893538-26-000052.json
- Plain text: https://secwatch.observer/filing/0000893538-26-000052.txt

## Key facts
- Earnings Releases
  SM Energy Co reported preliminary financial results for the three months ended March 31, 2026.
  - Period: the three months ended March 31, 2026
  - Result: preliminary results
  source text: SM Energy Company (the “ Company ”) is providing the following summary of earnings considerations that management believes will impact results for the first quarter of 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/893538/000089353826000052/0000893538-26-000052-index.htm

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