SM · SM Energy Co
Market Cap
$8.67B
Shares
237.85M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$36.62
Open$36.91
Day$36.15–37.05
52W close$17.57–37.64
Avg vol 30d3.7M
Short int14.6M · 6.1% float · 3.3d
Short vol90%
Last earningsAug 5, 2026
DataJan 2020–Aug 2026
Filing10-Q · Aug 6
Up next
Next earnings call
Nov 6, 2026
Est · unconfirmed
· in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 6, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Strong Buy
Momentum
Very Strong
Sentiment
Bearish
Fundamentals
Strong
Quant / Vol
Very High
Market backdrop
VIX 14.4 · calm
Equity put/call 0.62
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+39%
above
Price vs 50-day avg
+18%
above
RSI (14)
63
neutral
MACD trend
Positive
52-week position
95%
near high
Momentum
relative strength
1-month return
+13%
trailing
6-month return
+41%
trailing
YTD return
+96%
this year
Relative strength
+27%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $31 › 200d $26 — 50d above 200d
Institutional flow
Distributing
-5% holders QoQ · +71 funds added
Insider flow
Distributing
Net -$647.9K over 90 days · 100% sells
Short interest
Rising
6.14% of float · ▲ +15.5% MoM · 3.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
496 holders — mid 3-yr range
Squeeze score
75
high risk · 0–100
Fundamentals
Revenue growth
+17%
Y/Y
EPS growth
−15%
Y/Y
Valuation
P/E 7.2
below peers
Buyback
$404.0M
remaining
Balance sheet
$1.7B
net debt
Quant / Vol
risk profile
Volatility
52%
annualized · 1-yr
Max drawdown
−39%
past year
ATR
4.0%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Aug 5, 2026
Lease Operating Expense
· 3Q 2026
Initiated
$7 – $7
Production Taxes (% of oil, gas and NGL revenue)
· 3Q 2026
Initiated
6%
Transportation
· 3Q 2026
Initiated
$4 – $4
DD&A
· 3Q 2026
Initiated
$14 – $15
Ad Valorem Taxes
· 3Q 2026
Initiated
$1
Prior guidance
period ended
· from the 8-K filed Nov 3, 2025
Capital expenditures (net of change in capital accruals), exclud
· Full Year 2025
$1.38B – $1.4B
Production and ad valorem taxes
· Full Year 2025
$2 – $3
LOE
· Full Year 2025
$6
Exploration expense
· Full Year 2025
$65M
Capital expenditures (net of the change in capital accruals), ex
· Fourth Quarter 2025
$225M – $245M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+39%
Bullish
Price vs 50-day avg
+18%
Bullish
RSI (14)
63
Neutral
MACD trend
Positive
Bullish
52-week position
95%
Bullish
Market signals — smart money & positioning
Bearish · 3 of 6
Trend (MA cross)
No cross
50d $31 › 200d $26 — 50d above 200d
Institutional flow
Distributing
-5% holders QoQ · +71 funds added
Insider flow
Distributing
Net -$647.9K over 90 days · 100% sells
Short interest
Rising
6.14% of float · ▲ +15.5% MoM · 3.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
496 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $18
Now $37 · 95%
Range high $38
vs 200-day avg +39%
vs 50-day avg +18%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Ad valorem tax expense (per BOE) | $0.37 | the three months ended June 30, 2026 filing | — |
| Average net daily equivalent (DJ Basin) | 118.8 | the three months ended June 30, 2026 filing | — |
| Average net daily equivalent (Permian Basin) | 233.5 | the three months ended June 30, 2026 filing | — |
| Average net daily equivalent (South Texas) | 47.4 | the three months ended June 30, 2026 filing | — |
| Average net daily equivalent (Uinta Basin) | 40.1 | the three months ended June 30, 2026 filing | — |
| Average net daily equivalent production increase | 18% | the three months ended June 30, 2026 filing | — |
| Depletion, depreciation, and amortization (per BOE) | $14.81 | the three months ended June 30, 2026 filing | — |
| Effect of gas net derivative settlements (per Mcf) | $1.37 | the three months ended June 30, 2026 filing | — |
| Effect of NGL net derivative settlements (per Bbl) | $0.14 | the three months ended June 30, 2026 filing | — |
| Effect of oil net derivative settlements (per Bbl) | -$16.23 | the three months ended June 30, 2026 filing | — |
| General and administrative (per BOE) | $1.98 | the three months ended June 30, 2026 filing | — |
| Lease operating expense (per BOE) | $6.71 | the three months ended June 30, 2026 filing | — |
| Net derivative losses on commodity derivative settlements per BOE | $5.5 | the three months ended June 30, 2026 filing | — |
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| Production taxes as a percent of oil, gas, and NGL production revenue | 6.1% | the three months ended June 30, 2026 filing | — |
| Total realized price increase | 22% | the three months ended June 30, 2026 filing | — |
| Transportation costs (per BOE) | $3.57 | the three months ended June 30, 2026 filing | — |
| Adjusted EBITDAX (non-GAAP) non-GAAP | $2.38B | For the Six Months Ended June 30 | — |
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| Adjusted free cash flow (non-GAAP) non-GAAP | $487M | For the Six Months Ended June 30 | — |
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| Adjusted net income (non-GAAP) non-GAAP | $835M | For the Six Months Ended June 30 | — |
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| Adjusted net income per diluted common share (non-GAAP) non-GAAP | $3.79 | For the Six Months Ended June 30 | — |
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| Average net daily production | 440 | Second quarter 2026 | — |
| Average net daily production - Equivalent (MBoe per day) | 439.7 | Second quarter 2026 | — |
| Average net daily production - Oil (MBbl per day) | 229.8 | Second quarter 2026 | — |
| Capital expenditures before changes in accruals (non-GAAP) non-GAAP | $1.39B | For the Six Months Ended June 30 | — |
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| Cash flow from operations before net change in working capital, including change in certain long non-GAAP | $1.88B | For the Six Months Ended June 30 | — |
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| Merger-related synergies actioned | 355M | Second quarter 2026 | — |
| Net production - Equivalent (MMBoe) | 40 | Second quarter 2026 | — |
| Net production - Gas (Bcf) | 86.8 | Second quarter 2026 | — |
| Net production - NGLs (MMBbl) | 4.6 | Second quarter 2026 | — |
| Net production - Oil (MMBbl) | 20.9 | Second quarter 2026 | — |
| Oil production (average net daily) | 230 | Second quarter 2026 | — |
| Operating cash flow before net change in working capital, including certain long-term items non-GAAP | 1.2B | Second quarter 2026 | — |
| Realized sales price (before the effect of net derivative settlements) - Equivalent (per Boe) | $53.86 | Second quarter 2026 | — |
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| Realized sales price (before the effect of net derivative settlements) - Gas (per Mcf) | $0.17 | Second quarter 2026 | — |
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| Realized sales price (before the effect of net derivative settlements) - NGLs (per Bbl) | $24.69 | Second quarter 2026 | — |
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| Realized sales price (before the effect of net derivative settlements) - Oil (per Bbl) | $96.85 | Second quarter 2026 | — |
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| Realized sales price (including the effect of net derivative settlements) - Equivalent (per Boe) non-GAAP | $48.36 | Second quarter 2026 | — |
| Realized sales price (including the effect of net derivative settlements) - Gas (per Mcf) non-GAAP | $1.54 | Second quarter 2026 | — |
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| Realized sales price (including the effect of net derivative settlements) - NGLs (per Bbl) non-GAAP | $24.83 | Second quarter 2026 | — |
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| Realized sales price (including the effect of net derivative settlements) - Oil (per Bbl) non-GAAP | $80.62 | Second quarter 2026 | — |
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| Annualized run-rate synergies target | $375M | Q1 2026 | — |
| Operating cash flow before net change in working capital, including certain long-term prepayment non-GAAP | $692M | Q1 2026 | — |
| Realized price (including the effect of net derivative settlements): Equivalent (per Boe) non-GAAP | $43.32 | Q1 2026 | — |
| Total liquidity | $2.9B | Q1 2026 | — |
| Equivalent (MBoe per day) | 206.8 | Twelve Months Ended December 31, 2025 | — |
| Equivalent (MMBoe) | 75.5 | Twelve Months Ended December 31, 2025 | — |
| Estimated net proved reserves | 673 | Full-year 2025 | — |
| Facility, land and other | $280M | FY26 | — |
| Gas (Bcf) | 150.5 | Twelve Months Ended December 31, 2025 | — |
| Gas (MMcf per day) | 412.3 | Twelve Months Ended December 31, 2025 | — |
| Net debt (non-GAAP) non-GAAP | $2.37B | As of December 31, 2025 | — |
| Net production | 75.5 | Full-year 2025 | — |
| Net production per day | 206.8 | Full-year 2025 | — |
| Net wells completed | 295 | FY26 | — |
| Net wells drilled | 245 | FY26 | — |
| NGLs (MBbls per day) | 27.6 | Twelve Months Ended December 31, 2025 | — |
| NGLs (MMBbl) | 10.1 | Twelve Months Ended December 31, 2025 | — |
| Non-recurring integration costs | $70M | FY26 | — |
| Oil (MBbls per day) | 110.5 | Twelve Months Ended December 31, 2025 | — |
| Oil (MMBbl) | 40.3 | Twelve Months Ended December 31, 2025 | — |
| Pre-tax PV-10 (non-GAAP) non-GAAP | $6.85B | As of December 31, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas E&P — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SM
this stock
SM Energy Co
|
$8.67B | +95.8% | +17.2% | 7.2 | 6.1% |
|
COP
Conocophillips
|
$156.59B | +39.2% | +7.7% | 17.2 | 1.4% |
|
CNQ
CANADIAN NATURAL RESOURCES Ltd
|
$100.99B | +44.7% | — | — | 2.8% |
|
EOG
Eog Resources Inc
|
$75.19B | +36.5% | -4.5% | 11.2 | 2.8% |
|
OXY
Occidental Petroleum Corp /De/
|
$59.08B | +43.7% | -1.9% | — | 2.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SM | -1.6% | +12.6% | +40.7% | +12.6% | +95.8% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | -2.0% | +9.6% | +27.3% | +9.6% | +83.0% |
Capital returns
Latest dividend
$0.22
/ share · ex Jun 8, 2026
Declared · upcoming
$0.22
/ share · ex Sep 4, 2026
Paid (TTM)
$0.84
/ share · 4 payouts
Dividend yield (TTM, derived)
2.29%
Buyback program
· as of Jun 30, 2026
Authorized
$500.00M
Spent (derived)
$96.00M
Remaining
$404.00M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
893538
CUSIP
78454L100
13F (30d)
358 filings
351 filers
Visit website
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