---
schema_version: "secwatch.filing_event.v1"
accession: "0000893538-26-000137"
form_type: "8-K"
ticker: "SM"
cik: "0000893538"
company_name: "SM Energy Co"
filed_at: "2026-10-14T20:34:12+00:00"
generated_at: "2026-10-14T20:35:02.825673+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000893538-26-000137
- form_type: 8-K
- ticker: SM
- cik: 0000893538
- company_name: SM Energy Co
- filed_at: 2026-10-14T20:34:12+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893538/000089353826000137/0000893538-26-000137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893538/000089353826000137/sm-20261014.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893538-26-000137
- JSON: https://secwatch.observer/filing/0000893538-26-000137.json
- Plain text: https://secwatch.observer/filing/0000893538-26-000137.txt

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