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SM Energy Co

NYSE:SM
US$35.25Close 7 Oct 2026 · delayed

Past year: ▲ 69%(18.70 – 37.18 USD)

Market cap
A$11.86bn
Shares on issue
238m
Story beats
30 since 2014
Last event
1 June 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

6 May 2026quarterly activities report▼ Bad

SM Energy Co reported quarterly revenue of $1479.0 million and a net loss of $335.0 million for the period ended 2026-03-31.

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30 Apr 2026substantial holder notice● Neutral

Vanguard Capital Management disclosed a new substantial SM Energy Co shareholding (5.13% of votes).

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30 Apr 2026asset acquisition disposition▲ GoodMajor

SM Energy closed its $950 million South Texas (Maverick Basin) divestiture to Caturus Energy and announced it would redeem all $819 million of its outstanding 2026 notes, including notes assumed from Civitas, advancing its post-merger deleveraging plan.

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29 Apr 2026substantial holder notice● Neutral

Vanguard Portfolio Management disclosed a new substantial SM Energy Co shareholding (6.44% of votes).

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17 Apr 2026quarterly activities report▼ Bad

SM Energy Co reported quarterly revenue of $1479.0 million and a net loss of $335.0 million for the period ended 2026-03-31.

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8 Apr 2026agm notice● Neutral

SM Energy Co announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).

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27 Mar 2026substantial holder notice● Neutral

The Vanguard Group reported no remaining SM Energy Co shareholding in its periodic institutional filing.

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9 Mar 2026debt financing● NeutralMajor

SM Energy sold $1.0 billion of new 6.625% Senior Notes due 2034 as part of financing its post-Civitas-merger capital structure.

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4 Mar 2026substantial holder notice● Neutral

BlackRock, Inc. reported a SM Energy Co shareholding of 33,455,147 shares (14.00% of votes) in a periodic institutional filing.

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18 Feb 2026material agreement▲ GoodMajor

SM Energy agreed to sell about 61,000 net acres of its southern Maverick Basin (Webb County, Texas) position to Caturus Energy for $950 million cash, part of a post-merger push to reduce debt.

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9 Feb 2026auditor change● Neutral

Following the Civitas merger, SM Energy's audit committee dismissed Ernst & Young and appointed Deloitte & Touche as its independent accountant for fiscal 2026, effective once EY completes its 2025 audit; no disagreements were reported.

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6 Feb 2026substantial holder notice● Neutral

BlackRock, Inc. reported a SM Energy Co shareholding of 22,635,921 shares (9.50% of votes) in a periodic institutional filing.

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6 Feb 2026director interest notice● Neutral

SM Energy Co director Kempen Wouter T. Van had 75,217 shares withheld for taxes on vesting stock.

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2 Feb 2026director interest notice● Neutral

Carrie M Fox became a SM Energy Co director and company insider (initial ownership filing).

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2 Feb 2026director interest notice● Neutral

Kempen Wouter T. Van became a SM Energy Co director and company insider (initial ownership filing).

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2 Feb 2026director interest notice● Neutral

Lloyd W Helms Jr. became a SM Energy Co director and company insider (initial ownership filing).

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2 Feb 2026director interest notice● Neutral

Morris R Clark became a SM Energy Co director and company insider (initial ownership filing).

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2 Feb 2026director interest notice● Neutral

Howard A. Willard became a SM Energy Co director and company insider (initial ownership filing).

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30 Jan 2026business combination▲ GoodMajor

SM Energy completed its merger with Civitas Resources after both companies' stockholders approved the deal, with Civitas becoming part of SM Energy; the combined company's credit agreement was amended to extend maturity to 2031 and raise the borrowing base to $5.0 billion.

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26 Jan 2026director interest notice● Neutral

SM Energy Co EVP Corp Development & GC James Barker Lebeck exercised stock options for 14,698 shares and disposed of 6,791 shares.

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26 Jan 2026business combination● Neutral

Ahead of the Civitas merger's close, four SM Energy directors (Carla Bailo, Anita Powers, William Sullivan and Herbert Vogel) submitted resignations effective upon closing.

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21 Jan 2026substantial holder notice● Neutral

Dimensional Fund Advisors LP reported a SM Energy Co shareholding of 4.90% of votes in a periodic institutional filing.

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20 Jan 2026business combination● Neutral

SM Energy disclosed additional stockholder-communication materials for the pending Civitas merger after its S-4 registration statement cleared the SEC.

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22 Dec 2025securities registration● Neutral

SM Energy Co filed the final prospectus for a registered offering.

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19 Dec 2025business combination● Neutral

Ahead of the Civitas merger's close, SM Energy announced SVP Kenneth J. Knott would step down from his role at closing while continuing as an advisor, and confirmed the SEC had declared its merger registration statement effective.

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17 Dec 2025business combination● Neutral

The amendment set the timetable: both special meetings on 27 January 2026 at 10:00 Mountain time, held online, off record dates of 17 December 2025. SM Energy's executive change-in-control and severance plan was also restated for the ninth time.

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5 Dec 2025business combination● NeutralMajor

SM Energy registered the shares for its all-stock merger with Civitas Resources: 1.45 SM Energy shares for each Civitas share, fixed with no adjustment for either share price between signing and closing, leaving Civitas holders with about 52% of the combined company and SM Energy's own with 48%. On those numbers Civitas is the larger party.

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4 Nov 2025quarterly activities report● Neutral

SM Energy Co reported quarterly revenue of $811.6 million and net income of $155.1 million for the period ended 2025-09-30.

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3 Nov 2025business combination▲ GoodMajor

SM Energy and Civitas jointly presented the merger to investors, projecting more than $1.4 billion in pro forma annual free cash flow and about $200 million (up to $300 million) in identified cost synergies.

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3 Nov 2025quarterly activities report● Neutral

SM Energy Co reported quarterly revenue of $811.6 million and net income of $155.1 million for the period ended 2025-09-30.

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