Monitor the full Q3 2026 earnings release for actual production volumes, capital expenditures, and updated guidance. The $207 million derivative settlement loss is a known cash outflow, but the impact on adjusted net income will depend on mark-to-market changes in unsettled positions.
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Executive Summary
SM Energy Co filed an 8-K with preliminary Q3 2026 earnings considerations, disclosing average realized oil prices of $85.76/bbl and an anticipated net derivative settlement loss of $207 million. The filing is a preliminary update, not a full earnings release, and lacks complete financial results or guidance changes.
Key Facts
- Average realized oil price for Q3 2026: $85.76 per barrel
- Average realized gas price for Q3 2026: $2.48 per Mcf
- Average realized NGL price for Q3 2026: $29.40 per barrel
- Anticipated net derivative settlement loss of $207 million for Q3 2026
- Information is preliminary and subject to completion of financial reporting process
Financial Impact
Anticipated $207 million net derivative settlement loss; realized oil price of $85.76/bbl vs prior quarter's $73.69/bbl (before hedges)
Risk Factors
- Derivative settlement loss of $207 million may pressure cash flow
- Preliminary nature of estimates — actual results may differ materially
- No production or capital expenditure data provided in this filing
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000893538-26-000137 |
| Document: 0000893538-26-000137-index-headers.html | 0000893538-26-000137 |
| Document: 0000893538-26-000137-index.html | 0000893538-26-000137 |
| Document: 0000893538-26-000137.txt | 0000893538-26-000137 |
| 8-K Data (Synthetic) | 0000893538-26-000137 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | 8-K | $37.52 | awaiting T+60 | — | $40.11 (+6.90%) |
Oct 5, 2026 21d ago | Press Release | $35.10 | awaiting T+60 | — | $40.11 (+14.27%) |
Jul 8, 2026 15w ago | Press Release | $28.34 $35.24 | ▲ +24.35% | ▲ +22.71% | $40.11 (+41.53%) |
May 22, 2026 22w ago | 8-K | $31.79 $36.14 | ▲ +13.68% | ▲ +10.96% | $40.11 (+26.17%) |
May 12, 2026 23w ago | 8-K | $31.35 $28.70 | ▼ −8.45% | ▼ −12.84% | $40.11 (+27.94%) |
Apr 30, 2026 25w ago | 8-K | $30.47 $29.65 | ▼ −2.69% | ▼ −5.76% | $40.11 (+31.64%) |
Apr 17, 2026 27w ago | 8-K | $25.97 $29.72 | ▲ +14.44% | ▲ +8.30% | $40.11 (+54.45%) |
Apr 8, 2026 28w ago | DEFA14A | $28.81 $26.85 | ▼ −6.80% | ▼ −17.26% | $40.11 (+39.22%) |
Apr 2, 2026 29w ago | 8-K | $30.62 $26.10 | ▼ −14.76% | ▼ −28.92% | $40.11 (+30.99%) |
Mar 18, 2026 31w ago | 8-K | $27.27 $31.28 | ▲ +14.70% | ▲ +3.18% | $40.11 (+47.08%) |
US Market Status
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