SM Energy Company
07/16/2026 | Press release | Distributed by Public on 07/16/2026 14:15
Business/Financial Results (Form 8-K)
Item 2.02 Results of Operations and Financial Condition
In accordance with General Instruction B.2. of Form 8-K, the following information shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information and exhibits be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
SM Energy Company (the "Company") is providing the following summary of earnings considerations that management believes will impact results for the second quarter of 2026. This summary is intended solely to provide information regarding current estimates of these factors. It is not comprehensive of all results for, or changes that have occurred during, the second quarter of 2026 and does not constitute an estimate of the Company's second quarter 2026 earnings. In addition, this summary may not reflect all adjustments and charges required to fully account for changes in industry conditions, is preliminary in nature, and remains subject to completion of the Company's financial reporting process for the second quarter of 2026.
The Company presents in this Item 2.02 certain information for the three months ended June 30, 2026, regarding its realized prices and commodity derivative activity.
Realized Prices
The following table presents information about average realized prices:
| For the Three Months Ended | |||||
| June 30, 2026 | |||||
| Realized price (before the effect of net derivative settlements): | |||||
| Oil (per Bbl) | $ | 96.85 | |||
| Gas (per Mcf) | $ | 0.17 | |||
| NGLs (per Bbl) | $ | 24.69 | |||
|
Realized price (including the effect of net derivative settlements): (1)
|
|||||
| Oil (per Bbl) | $ | 80.62 | |||
| Gas (per Mcf) | $ | 1.54 | |||
| NGLs (per Bbl) | $ | 24.83 | |||
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(1) Indicates a non-GAAP metric calculated as the average realized price after the effects of net commodity derivative settlements. The Company believes this metric is useful to management and the investment community to understand the effects of net commodity derivative settlements on average realized price.
Commodity Derivative Activity
For the second quarter of 2026, the Company anticipates a net derivative settlement loss of approximately $220 million.
Forward Looking Statements
This Current Report on Form 8-K contains "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements, other than statements of historical fact, including estimates for factors that may impact the Company's results for the second quarter of 2026, are forward-looking statements.
Forward-looking statements are based on management's current estimates, assumptions and expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These statements include, without limitation, statements regarding commodity prices, realized prices, derivative activity, market conditions, anticipated financial results and other factors affecting the Company's results of operations. The information provided herein is preliminary in nature, is subject to completion of the Company's financial reporting processes for the second quarter of 2026, and may change.
SM Energy Company published this content on July 16, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 16, 2026 at 20:16 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]