SM Energy pre-announces Q3 2026 realized prices; $207M net derivative settlement loss

SM Energy Co

Q3 2026 realized prices before net derivative settlements: oil $85.76/Bbl, gas $2.48/Mcf, NGLs $29.40/Bbl.
Anticipates net commodity derivative settlement loss of $207M for the quarter ended Sept. 30, 2026.
Derivative figure excludes changes in fair value of unsettled positions, which the company says could be material and will be reported with Q3 results.
Disclosure is preliminary, unaudited and expressly not an estimate of full Q3 2026 earnings; final results subject to completion of financial reporting.

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