Plan maximizes free cash flow and strengthens balance sheet Accelerates return of capital, including a 10% dividend increase, under an enhanced framework SM Energy Company today issued its 2026 outlook, designed to maximize free cash flow through disciplined investments in its high-return development projects. It also provided a new stockholder return framework, which includes a 10% increase to its quarterly dividend [...]
Full-year 2025 results include record production and record operating cash flow and adjusted EBITDAX SM Energy Company today reported financial and operating results for the fourth quarter and full-year 2025. Accompanying slides can be found on the Company's website at sm-energy.com/investors/news-events/presentations. A conference call is scheduled for 8 a.m. MT/10 a.m. ET on February 26, 2026. Participation details can [...]
Proceeds to accelerate deleveraging and strengthen balance sheet SM Energy Company today announced that it has entered into an agreement to sell certain South Texas assets to Caturus Energy, LLC for a cash purchase price of $950 million , subject to customary adjustments. "This timely asset sale largely accomplishes one of our key priorities of selling more than $1.0 billion in assets, which will enable us to reduce debt [...]
Amendment increases borrowing base and lender commitments while extending maturity date SM Energy Company announced today the Fourth Amendment to its existing credit agreement that includes: Borrowing Base Increase: The borrowing base increased to $5.0 billion. Lender Commitments Increase: Lender commitments increased to $2.5 billion. Expanded Bank Group: The Company's bank group now includes 18 banks with the addition of [...]
Company schedules conference call to discuss fourth quarter and full-year 2025 results and 2026 outlook SM Energy Company announced today the closing of its all-stock merger with Civitas Resources Inc. . The Transaction was approved by stockholders of both companies at special meetings held on January 27, 2026. The combined company continues to trade under the ticker symbol "SM" and will retain the name SM Energy Company [...]
SM Energy Company and Civitas Resources Inc. today announced that the stockholders of both companies voted in favor of all proposals necessary for the closing of the companies' previously announced all-stock merger. The merger is expected to close on January 30, 2026, subject to satisfaction of other customary closing conditions. The combined company will trade as SM Energy. At the special meeting of SM Energy [...]
SM Energy Company today announces that its Board of Directors approved the quarterly cash dividend of $0.20 per share of common stock outstanding. The dividend will be paid on January 9, 2026, to stockholders of record as of the close of business on December 26, 2025. ABOUT THE COMPANY SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil [...]
SM Energy Company and Civitas Resources announce additional details in connection with their planned merger. In addition to the details below, SM Energy and Civitas have posted a presentation to each of their respective websites. SM Energy also announces its participation in upcoming investor conferences. Executing the Path to Superior Value Management Team Upon Transaction Closing. Upon closing of the Transaction, a [...]
SM Energy Company today reported financial and operating results for the third quarter 2025 and provided certain full year and fourth quarter 2025 guidance. Highlights include: Strong Production Performance Continues: Production totaled 19.7 MMBoe, or 213.8 MBoe/d, including 113.9 MBbls/d of oil driven by consistent strong performance across all assets. Compared to the third quarter of 2024, total net daily production [...]
Value-Enhancing Scale Premier portfolio across the highest-return U.S. shale basins drives significant free cash flow and enhanced stockholder value Pro forma second quarter of 2025 production totaled 526 MBoe/d Pro forma full-year 2025 consensus free cash flow of more than $1.4 billion Step-change in free cash flow supports sustained return of capital Value-Driven Synergies Proven management and a world-class technical [...]
SM Energy Company today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility. In connection with the redetermination, the lender group reaffirmed the borrowing base at $3.0 billion and the elected commitment amount remained unchanged at $2.0 billion. The Company also announced an amendment to its existing Credit Agreement, which replaces the prior [...]
SM Energy Company today announces that it plans to release its third quarter 2025 financial and operating results after market hours on November 4, 2025. See schedule below: November 4, 2025 - After market close, the Company plans to issue its third quarter 2025 financial and operating results, which will include an earnings release, a pre-recorded webcast discussing third quarter 2025 financial and operating results, and [...]
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