SM Energy(NYSE) SM

SM Energy Company pumps oil and gas to power homes. It extracts energy from major basins across Texas and Utah. These raw materials supply fuel for heating and electricity.

What Does SM Energy Produce?

• Crude Oil: Liquid energy used for gasoline and diesel; generated $2.0 billion of production revenue for the three-month period ended June. 30, 2026.
• Natural Gas: Gaseous fuel used for heating and power; produced $15 million of production revenue for the three-month period ended June. 30, 2026.
• Natural Gas Liquids: Materials like propane and ethane recovered from gas processing; accounts for $115 million of production revenue for the three-month period ended June. 30, 2026.

Strategic Growth and Asset Sales

• Merged with Civitas on Jan. 30, 2026, to gain extensive acreage in the Permian and DJ Basins.
• Closed the $896 million sale of South Texas assets on April 30, 2026, to improve financial flexibility.
• Issued new senior notes due 2034 and used proceeds to repurchase $894 million of higher-interest debt in 2026.

Using Tech for Better Drilling

SM Energy uses artificial intelligence and digital technology to optimize how it drills and manages its oil wells. Operations focus on high-quality assets in the Permian, DJ, and Uinta Basins to maintain steady output.

Key Production Figures

• Oil, gas, and NGL production revenue rose 46% sequentially to $2.2 billion for the three months ended June. 30, 2026.
• Average daily production increased 18% sequentially to 439.7 MBOE per day (thousand barrels of oil equivalent) in the second quarter of 2026.
• Net income reached $1.1 billion for the three months ended June. 30, 2026, up from a net loss of $335 million in the prior quarter.
• Adjusted EBITDAX, a non-GAAP measure of core earnings, was $1.4 billion for the three-month period ended June. 30, 2026.
• The company held approximately 301,000 net acres in the DJ Basin following the close of the Civitas merger.

A Transformed Energy Portfolio

SM Energy has transitioned into a larger operator with a focused portfolio in high-quality shale basins. This evolution through mergers and divestitures supports its strategy of generating cash flow and returning capital to stockholders.