{"schema_version":"secwatch.filing_event.v1","accession":"0000893538-26-000104","form_type":"8-K","ticker":"SM","cik":"0000893538","company_name":"SM Energy Co","filed_at":"2026-07-16T20:15:15+00:00","discovered_at":"2026-07-16T20:16:00.324129+00:00","generated_at":"2026-07-16T20:16:09.437208+00:00","sec_items":["2.02"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"SM Energy pre-announces Q2 2026 realized prices; net derivative loss of ~$220M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000893538-26-000104","json":"https://secwatch.observer/filing/0000893538-26-000104.json","markdown":"https://secwatch.observer/filing/0000893538-26-000104.md","text":"https://secwatch.observer/filing/0000893538-26-000104.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/893538/000089353826000104/0000893538-26-000104-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/893538/000089353826000104/sm-20260716.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-16T20:16:09.437208+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"}