SM SM Energy Co
Price Chart
Executive Summary
SM Energy announced the final results of its cash tender offer to purchase up to $1 billion of its 8.375% Senior Notes due 2028, originally issued by Civitas Resources. The company accepted $893.995 million in aggregate principal amount of notes for purchase, representing 89.4% of the maximum tender amount.
Actionable Insight
The tender reduces SM Energy's debt burden and future interest payments, potentially improving its balance sheet. Traders should monitor the company's cash position and future debt refinancing plans.
Key Facts
- SM Energy completed a cash tender offer for up to $1,000,000,000 of 8.375% Senior Notes due 2028
- Total accepted notes amount to $893,995,000 in aggregate principal value
- The tender offer was not conditioned on any minimum amount of notes being tendered
- Settlement date for the accepted notes is April 3, 2026
Financial Impact
SM Energy will pay approximately $894 million to repurchase the notes, reducing its outstanding debt by this amount
Risk Factors
- The tender offer required significant cash outlay, potentially limiting liquidity for other operations or investments
- Remaining $106 million of notes still outstanding could face refinancing challenges if market conditions worsen
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000893538-26-000044 |
| Exhibit: exhibit99104022026.htm | 0000893538-26-000044 |
| Document: 0000893538-26-000044-index-headers.html | 0000893538-26-000044 |
| Document: 0000893538-26-000044-index.html | 0000893538-26-000044 |
| Document: 0000893538-26-000044.txt | 0000893538-26-000044 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 22, 2026
18d ago
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8-K
| $31.79 $32.94 | ▲ +3.62% | ▲ +2.40% | $32.37 (+1.82%) |
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May 12, 2026
28d ago
|
8-K
| $31.35 $33.17 | ▲ +5.81% | ▲ +5.73% | $32.37 (+3.25%) |
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Apr 30, 2026
5w ago
|
8-K
| $30.47 $29.44 | ▼ −3.38% | ▼ −5.73% | $32.37 (+6.24%) |
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Apr 17, 2026
7w ago
|
8-K
| $25.97 $28.78 | ▲ +10.82% | ▲ +10.27% | $32.37 (+24.64%) |
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Apr 8, 2026
8w ago
|
DEFA14A
| $28.81 $27.33 | ▼ −5.14% | ▼ −8.65% | $32.37 (+12.36%) |
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Apr 2, 2026
9w ago
|
8-K
| $30.62 $28.38 | ▼ −7.32% | ▼ −10.93% | $32.37 (+5.72%) |
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Mar 18, 2026
11w ago
|
8-K
| $27.27 $31.50 | ▲ +15.51% | ▲ +16.23% | $32.37 (+18.70%) |
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Mar 5, 2026
13w ago
|
8-K
| $25.36 $25.48 | ▲ +0.46% | ▲ +2.70% | $32.37 (+27.63%) |
|
Feb 25, 2026
14w ago
|
8-K
| $20.95 $25.36 | ▲ +21.06% | ▲ +22.19% | $32.37 (+54.50%) |
US Market Status
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