Item 1.02 Termination of a Material Definitive Agreement.
On May 11, 2026, SM Energy Company ("Company") paid $400 million to redeem all of the aggregate principal amount outstanding of its 5.000% Senior Notes due 2026 ("2026 Senior Notes"), plus accrued and unpaid interest, pursuant to the terms of the Indenture, dated as of October 13, 2021, among the Company (as successor in interest to Bonanza Creek Energy, Inc.), the guarantors party thereto and Computershare Trust Company, N.A. (as successor in interest to Wells Fargo Bank, National Association), which governed the 2026 Senior Notes ("Indenture"). In connection with the redemption of the 2026 Senior Notes, on May 11, 2026, the Company satisfied all of its remaining obligations under the Indenture. The redeemed 2026 Senior Notes and related guarantees were cancelled upon settlement.