SM SM Energy Co

NEUTRAL Impact: 3/10 8-K
Horizon weeks Filed Apr 17, 2026 Processed 1mo ago SEC 0000893538-26-000052
8-K Item 2.02: Earnings release
Latest settled — T+20d
SM ▲ +20.79% at T+20d
NEUTRAL call ✓ call won +20.79% · α vs SPY +15.42% · entry $25.97 → $31.37
Next anchor: T+60d in 5w
Currently $31.08 · +19.68% from $25.97 entry
Entry anchored
Apr 16, 03:59 PM ET
via Databento tick
T+1d
+3.70%
call +3.70% · α +3.89%
$26.93
settled 7w ago
T+5d
+10.82%
call +10.82% · α +10.27%
$28.78
settled 7w ago
T+20d
+20.79%
call +20.79% · α +15.42%
$31.37
settled 26d ago
T+60d
call — · α —
in 5w

Price Chart

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Executive Summary

SM Energy provided a preliminary update for Q1 2026, reporting realized oil prices of $73.69/bbl pre-hedge and $69.56/bbl post-hedge, with an anticipated $30M net derivative settlement loss and diluted share count of 200M. No full financial results were released, making a definitive earnings surprise assessment impossible.

Actionable Insight

Monitor the upcoming full earnings release for actual EPS and revenue to determine if the anticipated derivative loss and current commodity prices result in a miss or beat relative to the $1.07 consensus; the current update provides insufficient data for trading decisions.

Key Facts

  • Provided preliminary Q1 2026 data for realized prices, derivative activity, and share count
  • Realized oil price (post-hedge): $69.56/bbl
  • Anticipates a $30M net derivative settlement loss for Q1 2026
  • Diluted weighted-average shares outstanding: 200 million
  • No GAAP earnings (EPS) or total revenue figures were reported

Financial Impact

No quantifiable financial impact available; only partial operational metrics disclosed

realized pricesderivative settlementsshare count

Risk Factors

  • Anticipated $30M derivative loss could pressure earnings
  • High realized gas price volatility may impact future revenue stability

Market Snapshot

Exchange
NYSE
Sector
Crude Petroleum & Natural Gas

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0000893538-26-000052
Document: 0000893538-26-000052-index-headers.html0000893538-26-000052
Document: 0000893538-26-000052-index.html0000893538-26-000052
Document: 0000893538-26-000052.txt0000893538-26-000052
8-K Data (Synthetic)0000893538-26-000052
9 reports for SM
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for SM — sortable, filterable
Type Now
May 22, 2026
18d ago
8-K
NEUTRAL ★ 3/10
$31.79 $32.94▲ +3.62%▲ +2.40%$31.08 (−2.23%)
May 12, 2026
28d ago
8-K
NEUTRAL ★ 3/10
$31.35 $33.17▲ +5.81%▲ +5.73%$31.08 (−0.86%)
Apr 30, 2026
5w ago
8-K
BULLISH ★ 7/10
$30.47 $29.44▼ −3.38%▼ −5.73%$31.08 (+2.00%)
Apr 17, 2026
7w ago
8-K
NEUTRAL ★ 3/10
$25.97 $28.78▲ +10.82%▲ +10.27%$31.08 (+19.68%)
Apr 8, 2026
8w ago
DEFA14A
NEUTRAL ★ 3/10
$28.81 $27.33▼ −5.14%▼ −8.65%$31.08 (+7.88%)
Apr 2, 2026
9w ago
8-K
NEUTRAL ★ 5/10
$30.62 $28.38▼ −7.32%▼ −10.93%$31.08 (+1.50%)
Mar 18, 2026
11w ago
8-K
NEUTRAL ★ 3/10
$27.27 $31.50▲ +15.51%▲ +16.23%$31.08 (+13.97%)
Mar 5, 2026
13w ago
8-K
NEUTRAL ★ 5/10
$25.36 $25.48▲ +0.46%▲ +2.70%$31.08 (+22.54%)
Feb 25, 2026
14w ago
8-K
BULLISH ★ 8/10
$20.95 $25.36▲ +21.06%▲ +22.19%$31.08 (+48.35%)
Showing 9 of 9

US Market Status

Market Closed — Opens Thu (11h 11m)

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