Short answer
SM Energy Co (SM) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $1.5B (up 75.1% year over year) with net income of −$335M.
Q1 2026 key financials · XBRL
- Revenue
- $1.5B
- +75.1% YoY
- Net income
- −$335M
- −283.8% YoY
- Operating margin
- -20.1%
- EPS (diluted)
- −$1.68
- −205.7% YoY
Source: XBRL data from the SM Energy Co (SM) Q1 2026 10-Q on SEC EDGAR. USD.
SM Energy Co Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Civitas merger issued 124 million shares, valued at $2.4 billion
- South Texas divestiture generated approximately $900 million net cash proceeds
- Asset-sale proceeds targeted for debt reduction and capital-structure strengthening
Risk Factors
- No material changes to risk factors since the 2025 Form 10-K
- Carried-forward risk disclosures remain applicable without quarterly updates
- Stock repurchases subject to Credit Agreement and Senior Notes covenants
- Stock Repurchase Program authorizes up to $500 million through December 31, 2027
- Approximately 20% of quarterly free cash flow allocated to repurchases after dividends
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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