---
schema_version: "secwatch.filing_event.v1"
accession: "0000893538-26-000119"
form_type: "8-K"
ticker: "SM"
cik: "0000893538"
company_name: "SM Energy Co"
filed_at: "2026-08-05T20:18:04+00:00"
generated_at: "2026-08-05T20:19:16.889817+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SM Energy reports Q2 EPS $4.46, adj. EPS $2.19; raises H2 production guidance; redeems $417M 2027 notes

## Summary
- Q2 net income $4.46/diluted share; adjusted net income $2.19/diluted share; operating cash flow $1.1B.
- Production 440 MBoe/d (230 MBbl/d oil); raised H2 2026 production guidance to 435-440 MBoe/d (238 MBbl/d oil).
- Maintained FY2026 capex guidance $2.65-2.85B; reduced recurring G&A guidance by $50M to $230-250M.
- Returned $137M to stockholders via $84M share repurchases (2.6M shares) and $0.22/sh dividend.
- Closed $950M South Texas asset sale; used proceeds to redeem $819M 2026 notes; subsequent to Q2, announced full redemption of $417M 2027 notes at par using cash on hand.

## SEC filing metadata
- accession: 0000893538-26-000119
- form_type: 8-K
- ticker: SM
- cik: 0000893538
- company_name: SM Energy Co
- filed_at: 2026-08-05T20:18:04+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893538/000089353826000119/0000893538-26-000119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893538/000089353826000119/sm-20260805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893538-26-000119
- JSON: https://secwatch.observer/filing/0000893538-26-000119.json
- Plain text: https://secwatch.observer/filing/0000893538-26-000119.txt

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