Welcome to our dedicated page for Sm Energy SEC filings (Ticker: SM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SM Energy Company (NYSE: SM) SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures, along with AI-assisted context to help interpret complex documents. As an independent oil and gas producer focused on crude oil, natural gas, and NGLs in Texas and Utah, SM Energy uses its SEC filings to report financial performance, operating results, capital structure changes, and material corporate events.
Investors will find current reports on Form 8-K detailing significant developments such as quarterly and annual financial results, leadership changes, amendments to the company’s credit agreement, and the entry into and progression of its Agreement and Plan of Merger with Civitas Resources, Inc. These 8-K filings describe the structure of the planned mergers, the exchange ratio for Civitas shares, expected governance arrangements for the combined company, and key closing conditions.
Through this page, users can also monitor transaction-related filings connected to the Civitas combination, including the planned registration statement on Form S-4 and joint proxy statement/prospectus referenced in SM Energy’s 8-K disclosures. These documents are intended to provide detailed information about the proposed mergers, pro forma descriptions of the combined company, and the matters to be voted on by SM Energy and Civitas stockholders.
In addition, SM Energy’s SEC record includes filings that address its capital structure and credit facility, such as amendments to its Seventh Amended and Restated Credit Agreement and related exhibits. These materials explain changes to terms like springing maturity provisions and conditions tied to senior notes and borrowing availability.
Stock Titan enhances this raw filing data with AI-powered summaries that highlight the main points of lengthy documents, helping readers quickly understand what changed, which sections relate to production, leverage, or mergers, and how new terms compare with prior disclosures. Real-time updates from EDGAR mean that new 8-Ks, registration statements, and other forms appear on this page shortly after filing, giving investors a timely view of SM Energy’s regulatory communications.
SM Energy Company ownership update: BlackRock, Inc. reports beneficial ownership of 33,455,147 shares, representing 14.0% of SM Energy Company common stock as reported on this amendment.
BlackRock discloses sole voting power of 33,100,271 shares and sole dispositive power of 33,455,147 shares. The filing identifies iShares Core S&P Small-Cap ETF as a holder with more than 5% of outstanding common stock. The amendment is signed by Spencer Fleming on 03/04/2026.
SM Energy Company plans a private offering of $750,000,000 aggregate principal amount of senior notes due 2034 and has launched a cash tender offer for up to $750,000,000 of its 8.375% senior notes due 2028, of which $1.350 billion is outstanding. The notes offering is limited to qualified institutional buyers under Rule 144A and non‑U.S. persons under Regulation S and will be issued without Securities Act registration under available exemptions. SM Energy expects to use the new notes’ net proceeds, together with cash on hand and/or borrowings under its revolving credit facility, to fund the tender offer for the 2028 notes under an Offer to Purchase dated March 4, 2026. The company also filed as exhibits Civitas Resources’ audited 2024–2025 financial statements, pro forma combined financial information and a Civitas reserve report following their completed merger.
SM Energy Company reports on a transformative 2025, highlighting a completed Uinta Basin integration, a pending merger with Civitas Resources that closed in early 2026, and a sharper focus on high-return oil development. Net proved reserves were 673.0 MMBOE at December 31, 2025, down slightly from 678.3 MMBOE as production of 75.5 MMBOE and reserve removals under the five-year development rule slightly exceeded extensions and positive revisions.
Average net daily production rose 21% to 206.8 MBOE, driven by a full year from the Uinta Basin, and oil grew to 53% of total volumes. Production revenue increased to $3.1 billion and net derivative gains to $178 million, supported by stronger gas pricing. PV-10 of total proved reserves was $6.847 billion, below 2024 due to lower commodity prices and reserve mix.
The company emphasizes disciplined capital allocation, sustainability, and balance sheet strength. For 2026, it plans a $2.65–$2.85 billion capital program funded mainly with operating cash flow, prioritizing integration of Civitas, divestiture of selected South Texas assets, debt reduction, and increased shareholder returns through a higher $0.88 per-share base dividend and share repurchases.
SM Energy Company reported strong fourth quarter and full-year 2025 results, with record net production of 75.5 MMBoe and record operating cash flow of
Full-year net income was
The company closed its merger with Civitas Resources in early 2026 and agreed to sell certain South Texas assets for
SM Energy Company agreed to sell certain South Texas assets in its southern Maverick Basin position to Caturus Energy for a cash purchase price of
These properties are expected to produce roughly 37–39 MBoe/d in 2026 and generate about
SM Energy plans to prioritize debt reduction with the proceeds in order to accelerate deleveraging and strengthen its balance sheet, and it intends to share an updated return-of-capital program when it reports earnings the following week.
Energy Company reported that its Audit Committee dismissed Ernst & Young LLP as independent auditor and appointed Deloitte & Touche LLP for the fiscal year ending December 31, 2026. The change will take effect after EY completes the audit of the 2025 consolidated financial statements.
EY’s reports on the 2023 and 2024 financial statements were unqualified and not modified for uncertainty, scope, or accounting principles. The company states there were no disagreements with EY and no reportable events through February 4, 2026, and it did not consult Deloitte on accounting or audit matters before this appointment.
SM Energy Co director Wouter T. van Kempen reported a Form 4 transaction involving company common stock. On February 5, 2026, 75,217 shares of common stock at $18.87 per share were withheld to cover tax obligations when restricted stock units vested. After this tax-withholding event, van Kempen directly beneficially owned 135,385 shares of SM Energy Co common stock.
BlackRock, Inc. filed Amendment No. 21 to a Schedule 13G reporting its beneficial ownership of 22,635,921 shares of ENERGY COMPANY common stock, representing 9.5% of the outstanding class as of 01/31/2026.
BlackRock has sole power to vote 22,316,204 shares and sole power to dispose of 22,635,921 shares, with no shared voting or dispositive power. The shares are held by various clients and other persons, with no single client owning more than five percent of the company’s common stock. BlackRock certifies the holdings are in the ordinary course of business and not for the purpose of changing or influencing control.
SM Energy Company director Helms Lloyd W Jr has filed an initial statement of beneficial ownership, showing he holds 17,540 shares of SM Energy common stock directly. These holdings reflect the completion of SM Energy’s merger with Civitas Resources.
Under the merger agreement, each outstanding Civitas common share was converted into 1.45 shares of SM Energy common stock, and each Civitas deferred stock unit (DSU) fully vested and converted into an SM Energy DSU on the same 1.45-for-1 basis. The reported amount includes vested DSUs that will be settled in SM Energy stock when the director leaves the board.
SM Energy Company director Clark R. Morris has filed an initial ownership report showing beneficial ownership of 62,812 shares of common stock, held directly. This reflects his position following SM Energy’s acquisition of Civitas Resources.
Under the merger agreement among SM Energy, Cars Merger Sub, Inc. and Civitas Resources, each Civitas common share was converted into 1.45 SM Energy common shares. Each Civitas deferred stock unit (DSU) also fully vested and was converted into an SM Energy DSU using the same 1.45 conversion ratio, rounded up to the nearest whole share. The reported amount includes vested DSUs that will be settled in SM Energy stock when Morris leaves the board.