secwatch.observer — SEC 8-K summary
======================================

Issuer:     SM Energy Co (SM)
CIK:        0000893538
Form:       8-K
Filed at:   2026-10-14T20:34:12+00:00
Accession:  0000893538-26-000137
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02
LLM model:  deepseek-v4.1-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893538/000089353826000137/0000893538-26-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893538/000089353826000137/sm-20261014.htm
  HTML page:      https://secwatch.observer/filing/0000893538-26-000137

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer