---
schema_version: "secwatch.filing_event.v1"
accession: "0000893538-26-000055"
form_type: "8-K"
ticker: "SM"
cik: "0000893538"
company_name: "SM Energy Co"
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T01:26:03.787007+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SM Energy closes $950M South Texas asset sale; redeems $819M in 2026 notes

## Summary
- Closed South Texas divestiture for $950M cash; net proceeds ~$900M after adjustments.
- Will redeem $419M of 6.75% Senior Notes due Sept 2026 on June 1, 2026, at par.
- Will redeem $400M of 5.0% Senior Notes due Oct 2026 (assumed from Civitas) on May 11, 2026, at par.
- Borrowing base and lender commitments reaffirmed at $5.0B and $2.5B after divestiture.
- CEO cites progress toward $1.0B+ divestiture target and lower-leverage capital structure.

## SEC filing metadata
- accession: 0000893538-26-000055
- form_type: 8-K
- ticker: SM
- cik: 0000893538
- company_name: SM Energy Co
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893538/000089353826000055/0000893538-26-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893538/000089353826000055/sm-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893538-26-000055
- JSON: https://secwatch.observer/filing/0000893538-26-000055.json
- Plain text: https://secwatch.observer/filing/0000893538-26-000055.txt

## Source-grounded claims
- claim_id: c20982cd7ed1eacc8885cfa8328c6ee395131fe6
  claim: SM Energy Co completed a disposition involving Caturus Energy, LLC for $950 million (closed 2026-04-30).
  evidence_excerpt: is included as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. --- EX-99.1 (EX-99.1) --- News Release EXHIBIT 99.1 SM ENERGY CLOSES $950 MILLION SOUTH TEXAS DIVESTITURE; ANNOUNCES REDEMPTION OF ALL OUTSTANDING 2026 SENIOR NOTES Demonstrates strong momentum toward $1.0 billion-plus asset sale target and advances 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/893538/000089353826000055/0000893538-26-000055-index.htm

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