SM Energy Company reported preliminary Q1 2026 operating data, including average realized prices and a net derivative settlement loss of $30 million, with 200 million diluted weighted-average shares outstanding.
Key takeaways
Realized oil price before hedges was $73.69/Bbl, decreasing to $69.56/Bbl after derivative settlements.
Realized gas price increased from $1.72/Mcf to $2.27/Mcf after including derivative impacts.
The Company anticipates a net derivative settlement loss of $30 million for the first quarter of 2026.
Diluted weighted-average shares outstanding totaled 200 million for the quarter ended March 31, 2026.
As of March 31, 2026, the Company had 239,696,577 shares issued and outstanding.