secwatch.observer — SEC 8-K summary
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Issuer:     SM Energy Co (SM)
CIK:        0000893538
Form:       8-K
Filed at:   2026-08-05T20:18:04+00:00
Accession:  0000893538-26-000119
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893538/000089353826000119/0000893538-26-000119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893538/000089353826000119/sm-20260805.htm
  HTML page:      https://secwatch.observer/filing/0000893538-26-000119

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