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 completed its previously announced sale of certain South Texas oil and gas assets, referred to as the South Texas Divestiture, for a cash purchase price of $950 million. After preliminary price adjustments and transaction costs, the Company received approximately $900 million in net cash proceeds.
SM Energy plans to use these proceeds to redeem in full, at par, the $819 million aggregate principal amount outstanding of its 6.75% and 5.0% Senior Notes due 2026, reducing near-term debt. Lenders also reaffirmed the Company’s credit facility borrowing base at $5.0 billion and commitments at $2.5 billion, supporting liquidity after the asset sale.
SM Energy Co reports that Vanguard Capital Management beneficially owns 12,239,916 shares of Common Stock. The filing states this equals 5.13% of the class and shows sole dispositive power over 12,239,916 shares and sole voting power over 1,702,143 shares, as disclosed in the Schedule 13G filed for the period ending 03/31/2026.
The disclosure notes ownership includes shares held for Vanguard funds and managed accounts and reflects dispositive authority exercised by Vanguard Capital Management and certain named affiliates.
Vanguard Portfolio Management reports beneficial ownership of 15,373,794 shares of SM Energy Co common stock, representing 6.44% of the class. The filing shows sole power to dispose over 15,373,794 shares and sole voting power for 139,305 shares. The Schedule 13G is signed by Ashley Grim on 04/29/2026.
SM Energy affiliate filed a Form 144 notifying a proposed sale of 100,000 shares. The filing lists a sale date of 03/26/2026 with a reported gross proceeds figure of $3,267,067.53. The notice also lists multiple previously issued stock awards: 600 shares (06/09/2015), 69,043 shares (07/01/2022), and 31,106 shares (07/12/2024).
SM Energy Company is sharing preliminary first‑quarter 2026 metrics, including realized commodity prices, a projected net derivative settlement loss, and share counts used to calculate earnings per share.
Average realized prices before hedges were $73.69 per barrel for oil, $1.72 per Mcf for gas, and $21.58 per barrel for NGLs. After the effect of net derivative settlements, realized prices were $69.56 per barrel for oil, $2.27 per Mcf for gas, and $21.75 per barrel for NGLs.
For the quarter, the Company anticipates a $30 million net derivative settlement loss, reflecting hedge impacts. Basic weighted‑average shares outstanding were 199 million and diluted weighted‑average shares outstanding were 200 million. As of March 31, 2026, shares issued and outstanding totaled 239,696,577, providing the equity base against which these per‑share figures are measured.
SM Energy is asking stockholders to vote at its virtual 2026 annual meeting on electing 11 directors, approving executive pay on an advisory basis, and ratifying Deloitte & Touche as auditor. The company reports 2025 record operating cash flow of $2.01 billion, driven by 21% higher production with oil at 53% of volumes, while net debt declined.
On January 30, 2026, SM Energy completed its merger with Civitas Resources, creating a top‑10 U.S. independent oil‑focused producer with about 797,000 net acres across four basins and targeted annual synergies of $200–$300 million. Capital returns reached $104 million in 2025 and $648 million since 2022, and the fixed dividend was raised 10% to $0.88 per share annually, alongside a plan to direct about 20% of 2026 free cash flow (after dividends) to buybacks.
The proxy highlights a CEO transition to Beth McDonald, an 11‑member mostly independent board with an independent chair, strong stock ownership guidelines, and an executive pay program heavily weighted to performance‑based cash bonuses and equity awards tied to financial, operational, safety, emissions and total shareholder return metrics. The company also reports sustainability progress, including a 74% reduction in flaring percentage, a 26% reduction in emissions intensity since 2019, and recycling 40% of produced water.
SM Energy Company reports the expiration and final results of its cash tender offer to purchase up to $1,000,000,000 aggregate principal amount of 8.375% Senior Notes due 2028, originally issued by Civitas Resources and assumed in their merger.
The company accepted $110,390,000 of notes tendered after the early tender date, in addition to $783,605,000 accepted on March 19, 2026, for a total of $893,995,000 aggregate principal amount of notes repurchased. Settlement for the later tenders is scheduled for April 3, 2026, under the terms of the Offer to Purchase.
SM Energy Co ownership update: The Vanguard Group filed Amendment No. 15 to a Schedule 13G/A stating it beneficially owns 0 shares of common stock, representing 0% of the class. The filing explains an internal realignment effective January 12, 2026 that disaggregated certain subsidiaries' holdings, and it is signed on March 27, 2026.
SM filed a Form 144 notifying the sale of 100,000 shares with an aggregate amount of $3,256,000.00. The filing lists 238,359,166 (a related figure) with an associated date of 03/26/2026.
The notice itemizes prior acquisitions by date and source (stock awards, ESPP, open market purchases) including a 82,769-share stock award dated 09/01/2022. The filing is a routine affiliate resale notice under Form 144.
SM Energy Company increased the size of its cash tender offer to purchase up to $1,000,000,000 aggregate principal amount of 8.375% Senior Notes due 2028, originally issued by Civitas Resources and assumed in their merger.
By the early tender deadline of March 17, 2026, holders had validly tendered $783,605,000 of these notes, representing 58.04% of the $1,350,000,000 aggregate principal amount outstanding. SM Energy is paying total consideration of $1,031.75 per $1,000 principal amount, including a $50 Early Tender Premium, and has extended this total consideration to all notes tendered through the April 1, 2026 expiration, subject to the offer’s terms and conditions.