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.
Price Chart
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.
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
Risk Factors
- Anticipated $30M derivative loss could pressure earnings
- High realized gas price volatility may impact future revenue stability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000893538-26-000052 |
| Document: 0000893538-26-000052-index-headers.html | 0000893538-26-000052 |
| Document: 0000893538-26-000052-index.html | 0000893538-26-000052 |
| Document: 0000893538-26-000052.txt | 0000893538-26-000052 |
| 8-K Data (Synthetic) | 0000893538-26-000052 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | 8-K | $37.52 | awaiting T+60 | — | $39.28 (+4.69%) |
Oct 5, 2026 21d ago | Press Release | $35.10 | awaiting T+60 | — | $39.28 (+11.91%) |
Jul 8, 2026 15w ago | Press Release | $28.34 $35.24 | ▲ +24.35% | ▲ +22.71% | $39.28 (+38.60%) |
May 22, 2026 22w ago | 8-K | $31.79 $36.14 | ▲ +13.68% | ▲ +10.96% | $39.28 (+23.56%) |
May 12, 2026 24w ago | 8-K | $31.35 $28.70 | ▼ −8.45% | ▼ −12.84% | $39.28 (+25.30%) |
Apr 30, 2026 25w ago | 8-K | $30.47 $29.65 | ▼ −2.69% | ▼ −5.76% | $39.28 (+28.91%) |
Apr 17, 2026 27w ago | 8-K | $25.97 $29.72 | ▲ +14.44% | ▲ +8.30% | $39.28 (+51.25%) |
Apr 8, 2026 28w ago | DEFA14A | $28.81 $26.85 | ▼ −6.80% | ▼ −17.26% | $39.28 (+36.34%) |
Apr 2, 2026 29w ago | 8-K | $30.62 $26.10 | ▼ −14.76% | ▼ −28.92% | $39.28 (+28.28%) |
Mar 18, 2026 31w ago | 8-K | $27.27 $31.28 | ▲ +14.70% | ▲ +3.18% | $39.28 (+44.04%) |
US Market Status
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