SM SM Energy Co

NEUTRAL Impact: 3/10 8-K
Horizon days Filed May 12, 2026 Processed 11d 13h ago SEC 0000893538-26-000064
8-K material event: Items 1.02
Latest settled — T+5d
SM ▲ +5.81% at T+5d
NEUTRAL call ✓ call won +5.81% · α vs SPY +5.73% · entry $31.35 → $33.17
Next anchor: T+20d in 17d
Last close $33.77 (close May 22) · +7.72% from $31.35 entry
Entry anchored
May 11, 03:59 PM ET
via Databento tick
T+1d
-0.57%
call -0.57% · α -1.15%
$31.17
settled 11d ago
T+5d
+5.81%
call +5.81% · α +5.73%
$33.17
settled 5d ago
T+20d
call — · α —
in 17d
T+60d
call — · α —
in 2mo

Price Chart

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Executive Summary

SM Energy redeemed all $400M of its 5.000% Senior Notes due 2026 on May 11, 2026, satisfying all remaining obligations under the governing indenture. This debt retirement removes near-term refinancing risk and reduces interest expense, but the filing is a routine capital structure event with no new financial data or strategic implications.

Actionable Insight

Debt reduction is credit-positive but already priced in. Monitor upcoming quarterly earnings for updated leverage metrics and any new capital allocation plans. No immediate catalyst for equity.

Key Facts

  • SM Energy redeemed $400M aggregate principal of 5.000% Senior Notes due 2026 on May 11, 2026
  • All remaining obligations under the Indenture were satisfied and the notes were cancelled
  • No new debt issuance, refinancing, or material agreement entered into

Financial Impact

$400M debt redemption eliminates future interest payments at 5.000% coupon

debtinterest expense

Risk Factors

  • Cash used for redemption may reduce liquidity or flexibility for other uses
  • No new financing disclosed — potential future refinancing needs remain

Market Snapshot

Exchange
NYSE
Sector
Crude Petroleum & Natural Gas
Analyst Consensus
59% bullish (22 analysts)

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0000893538-26-000064
Document: 0000893538-26-000064-index-headers.html0000893538-26-000064
Document: 0000893538-26-000064-index.html0000893538-26-000064
Document: 0000893538-26-000064.txt0000893538-26-000064
9 reports for SM
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for SM — sortable, filterable
Type Now
May 22, 2026
1d ago
8-K
NEUTRAL ★ 3/10
awaiting T+5
May 12, 2026
11d ago
8-K
NEUTRAL ★ 3/10
$31.35 $33.17▲ +5.81%▲ +5.73%$33.77 (+7.72%)
Apr 30, 2026
23d ago
8-K
BULLISH ★ 7/10
awaiting T+5
Apr 17, 2026
5w ago
8-K
NEUTRAL ★ 3/10
$25.97 $28.78▲ +10.82%▲ +10.27%$33.77 (+30.03%)
Apr 8, 2026
6w ago
DEFA14A
NEUTRAL ★ 3/10
$28.81 $27.33▼ −5.14%▼ −8.65%$33.77 (+17.22%)
Apr 2, 2026
7w ago
8-K
NEUTRAL ★ 5/10
$30.62 $28.38▼ −7.32%▼ −10.93%$33.77 (+10.29%)
Mar 18, 2026
9w ago
8-K
NEUTRAL ★ 3/10
$27.27 $31.50▲ +15.51%▲ +16.23%$33.77 (+23.84%)
Mar 5, 2026
11w ago
8-K
NEUTRAL ★ 5/10
$25.36 $25.48▲ +0.46%▲ +2.70%$33.77 (+33.15%)
Feb 25, 2026
12w ago
8-K
BULLISH ★ 8/10
$20.95 $25.36▲ +21.06%▲ +22.19%$33.77 (+61.19%)
Showing 9 of 9

US Market Status

Market Closed — Opens Tue (35h 12m)

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