Inferra AI / Company / SM
Sm Energy Co
SM · Energy
Last earnings Aug 5, 2026
Key results
Execute net incomequarter
$4.46
Execute Net income was $4.46 per diluted share adjusted net income 1 was $2.19 per diluted share.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Adjusted net incomequarter
$2.19
Execute Net income was $4.46 per diluted share adjusted net income 1 was $2.19 per diluted share.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Delivered adjusted free cash flowquarter
$467 million
1 Delivered adjusted free cash flow 1 of $467 million, after $42 million of one-time integration, transaction, and capital costs.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Dividendquarter
$84 million
Bolster Returned $137 million of capital to stockholders, or approximately 30% of adjusted free cash flow, 1 through $84 million in share repurchases (2.6 million shares) and SM s $0.22 per share quarterly dividend.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Other operating incomequarter
$70 million
Other operating income included an approximate $70 million severance tax refund.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Adjusted free cash flowquarter
$42 million
Note For the three months ended June 30, 2026, adjusted free cash flow includes approximately $42 million of one-time, non-recurring cash costs associated with the Merger integration and the South Texas assets divested, consisting of approximately $32 million reported in net cash provided by operating activities and approximately $10 million in capital expenditures.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Capexquarter
$32 million
Note For the three months ended June 30, 2026, adjusted free cash flow includes approximately $42 million of one-time, non-recurring cash costs associated with the Merger integration and the South Texas assets divested, consisting of approximately $32 million reported in net cash provided by operating activities and approximately $10 million in capital expenditures.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
For the six months ended June 30, 2026, adjusted free cash flow includes approximately $222 million of one-time, non-recurring cash costs, consisting of approximately $152 million reported in net cash provided by operating activities and approximately $70 million in capital expenditures.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
AI analysis
Q2 2026 · reported Aug 5, 2026
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Headline figures
| Metric | Q2 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Execute net income | $4.46 | — | — |
| Adjusted net income | $2.19 | — | — |
| Delivered adjusted free cash flow | $467 million | — | — |
| Dividend | $84 million | — | — |
| Other operating income | $70 million | — | — |
| Adjusted free cash flow | $42 million | — | — |
| Capex | $32 million | — | — |
Guidance · company-stated
“Lowered full-year 2026 recurring G A guidance by $50 million at the midpoint, reflecting accelerated integration and full capture of Merger-related G A synergies.”
“Maintained full-year 2026 capital guidance of $2.”
Primary outlook statements conflict; no label forced — evidence preserved.
Cash flow & capex
Capital allocation
Bolster Returned $137 million of capital to stockholders, or approximately 30% of adjusted free cash flow, 1 through $84 million in share repurchases (2.6 million shares) and SM s $0.22 per share quarterly dividend.
Event summary
Participation details are included in this release
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Company outlook: “Lowered full-year 2026 recurring G A guidance by $50 million at the midpoint, reflecting accelerated integration and full capture of Merger-related G A synergies.”
Company outlook: “Maintained full-year 2026 capital guidance of $2.”
Company outlook — Raised (“Raises”)
“1 SM Energy Reports Second Quarter 2026 Results Raises second-half production outlook and maintains full-year capital guidance Delivers record operating cash flow, reduces debt, and returns capital to stockholders DENVER, August 5, 2026 - SM Energy Company (the Company or SM ) (NYSE SM) today reported financial and operating results for the second quarter 2026.”
Company outlook — Lowered (“Lowered”)
“Lowered full-year 2026 recurring G A guidance by $50 million at the midpoint, reflecting accelerated integration and full capture of Merger-related G A synergies.”
Company outlook — Raised (“Increased”)
“Increased second-half 2026 production guidance to 435 440 MBoe d, including approximately 238 MBbl d of oil.”
Company outlook — Reiterated (“Maintained”)
“Maintained full-year 2026 capital guidance of $2.”
Company outlook — Raised (“raised”)
“With strong performance year-to-date, we today raised second-half 2026 production expectations, reaffirmed full-year capital expectations and reduced our full-year G A guidance.”
Company outlook — Raised (“raised”)
“Guidance SM raised its second-half production outlook to 435 440 MBoe d, including approximately 238 MBbl d of oil, from 430 MBoe d, and narrowed its full-year production guidance to 418 423 MBoe d (223 225 MBbl d of oil).”
Company outlook — Reiterated (“reaffirmed”)
“SM reaffirmed its full-year capital guidance.”
Company outlook — Reiterated (“maintain”)
“The words anticipate, deliver, demonstrate, establish, estimate, expects, goal, generate, guidance, maintain, objectives, optimize, plan, priority, target, and similar expressions are intended to identify forward-looking statements.”
Primary outlook statements conflict; no label forced — evidence preserved.
Capital allocation
Bolster Returned $137 million of capital to stockholders, or approximately 30% of adjusted free cash flow, 1 through $84 million in share repurchases (2.6 million shares) and SM s $0.22 per share quarterly dividend.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
In our first full quarter as a combined company, we moved with urgency, actioning 95% of our targeted run-rate synergies, while further strengthening our balance sheet and returning $137 million to stockholders through dividends and share repurchases.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
htm EX-99.1 Document News Release EXHIBIT 99.1 SM Energy Reports Second Quarter 2026 Results Raises second-half production outlook and maintains full-year capital guidance Delivers record operating cash flow, reduces debt, and returns capital to stockholders DENVER, August 5, 2026 - SM Energy Company (the Company or SM ) (NYSE SM) today reported financial and operating results for the second quarter 2026.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
1 Capital expenditures totaled $754 million, or $717 million before changes in accruals.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Closed the $950 million sale of certain South Texas assets (the South Texas Divestiture ) on April 30, 2026, substantially achieving SM s $1.0 billion-plus asset-sales target net proceeds of approximately $900 million were used to redeem all $819 million aggregate principal amount of the 6.75% and 5.0% Senior Notes due 2026 (collectively, 2026 Senior Notes ), contributing to a $1.1 billion sequential reduction in net debt.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
1 Subsequent to quarter-end, issued a notice of full redemption of all remaining $417 million aggregate principal amount of the 6.625% Senior Notes due 2027 ( 2027 Senior Notes ) at par using cash on hand, retiring all Senior Notes due through mid-2028.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Strategy & priorities
SM continues to advance the integration of its Civitas merger (the Merger ) and deliver strong progress against three strategic priorities Integrate, Execute and Bolster.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Second quarter 2026 performance on each of these priorities is summarized below.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Our team is focused on disciplined execution turning scale and asset quality into growing, durable returns for stockholders.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
SM is focused on operational excellence, disciplined capital allocation, and delivering growing returns to stockholders.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
The words anticipate, deliver, demonstrate, establish, estimate, expects, goal, generate, guidance, maintain, objectives, optimize, plan, priority, target, and similar expressions are intended to identify forward-looking statements.
SEC original ↗Sm Energy Co — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Risks & headwinds
Legal Proceedings 46 Item 1A.
SEC original ↗Sm Energy Co — 10-Q Quarterly report10-QAug 6, 2026
, tariffs and trade restrictions, including the imposition of new and higher tariffs on imported goods, the uncertainty of evolving tariffs, and retaliatory tariffs implemented by other countries on U.
SEC original ↗Sm Energy Co — 10-Q Quarterly report10-QAug 6, 2026
, Israel, Iran, and other Middle Eastern countries and regional proxy groups; the war between Russia and Ukraine; restrictions in and closures of the Strait of Hormuz and uncertainty regarding the implementation of the June 17, 2026 U.
SEC original ↗Sm Energy Co — 10-Q Quarterly report10-QAug 6, 2026
We caution you that forward-looking statements are not guarantees of future performance, and these statements are subject to known and unknown risks and uncertainties, which may cause our actual results or performance to be materially different from any future results or performance expressed or implied by the forward-looking statements.
SEC original ↗Sm Energy Co — 10-Q Quarterly report10-QAug 6, 2026
Contingencies We are subject to litigation and claims arising in the ordinary course of business.
SEC original ↗Sm Energy Co — 10-Q Quarterly report10-QAug 6, 2026
As of the filing of this report, in the opinion of management, the anticipated results of any pending litigation and claims are not expected to have a material effect on our results of operations, our financial position, or our cash flows.
SEC original ↗Sm Energy Co — 10-Q Quarterly report10-QAug 6, 2026
Earnings deck slides
0 decks with slide viewSm Energy Co — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Sm Energy Co — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Sm Energy Co — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documents- Q3 2026
- 8-KSM
Oct 14, 2026
- Q2 2026
- 8-KSM
Sep 4, 2026
- 10-QSM
Aug 6, 2026
- 8-KSM
Aug 5, 2026
- 8-KSM
Jul 16, 2026
- Q1 2026
- 8-KSM
Jun 1, 2026
- 8-KSM
May 22, 2026
- 8-KSM
May 12, 2026
- 10-QSM
May 7, 2026
- 8-KSM
May 6, 2026
- 8-KSM
Apr 30, 2026
- 8-KSM
Apr 17, 2026
- 8-KSM
Apr 2, 2026
- Q4 2025
- 8-KSM
Mar 18, 2026
- 8-KSM
Mar 9, 2026
- 8-KSM
Mar 5, 2026
- 8-KSM
Mar 4, 2026
- 10-KSM
Feb 26, 2026
- 8-KSM
Feb 25, 2026
- EX-99SM
Feb 25, 2026
- 8-KSM
Feb 18, 2026
- 8-KSM
Feb 9, 2026
- 8-KSM
Jan 30, 2026
- 8-KSM
Jan 27, 2026
- 8-KSM
Jan 26, 2026
- 8-KSM
Jan 20, 2026
- Q3 2025
- 8-KSM
Dec 19, 2025
- 8-KSM
Nov 17, 2025
- 8-KSM
Nov 3, 2025
- 10-QSM
Nov 3, 2025
- 8-KSM
Nov 3, 2025
Earnings releases
4 documentsPresentations
3 documents
Transcripts
0 documentsNo transcripts for Sm Energy Co are held in this edition of the library.
Mentioned by
3 companiesOther tracked companies whose held documents mention Sm Energy Co by name or ticker. A mention is counted once per document, from the document text the library holds.
“ing cash flow, reduces debt, and returns capital to stockholders DENVER, August 5, 2026 - SM Energy Company (the … …current liabilities 122 58 Total current liabilities 3,089 1,169 Noncurrent liabilities: Revolving credit facility — — Senior ”
“ing cash flow, reduces debt, and returns capital to stockholders DENVER, August 5, 2026 - SM Energy Company (the … …current liabilities 122 58 Total current liabilities 3,089 1,169 Noncurrent liabilities: Revolving credit facility — — Senior ”
“ms led significant operational, technical, engineering… …EOG’s business. Helms joined the SM Energy Board of Directors in January 2026 upon the closing of the merger with Civitas Resources, Inc. and served on its Audit Committee. He currently serves ”
See also the earnings calendar for every tracked company’s next earnings date.