secwatch.observer — SEC 8-K summary
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Issuer:     SM Energy Co (SM)
CIK:        0000893538
Form:       8-K
Filed at:   2026-07-16T20:15:15+00:00
Accession:  0000893538-26-000104
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893538/000089353826000104/0000893538-26-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893538/000089353826000104/sm-20260716.htm
  HTML page:      https://secwatch.observer/filing/0000893538-26-000104

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