SM Energy pre-announces Q2 2026 realized prices; net derivative loss of ~$220M

SM Energy Co

Oil realized price before derivatives $96.85/Bbl; after derivatives $80.62/Bbl.
Gas realized price before derivatives $0.17/Mcf; after derivatives $1.54/Mcf.
NGLs realized price before derivatives $24.69/Bbl; after derivatives $24.83/Bbl.
Net derivative settlement loss for Q2 2026 estimated at ~$220 million.
Preliminary data; full Q2 results subject to completion of financial reporting.

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