Quarterly UpdatesJul 16, 2026, 04:17 PM
SM Energy Q2 2026 Preliminary Derivative Loss $220M
AI Summary
SM Energy Company provided preliminary earnings considerations for the second quarter of 2026, including realized prices and commodity derivative activity. The company anticipates a net derivative settlement loss of approximately $220 million for the quarter. Realized oil prices were $96.85/Bbl before derivatives and $80.62/Bbl after, while realized gas prices were $0.17/Mcf before and $1.54/Mcf after settlements. This information is preliminary and not a comprehensive estimate of Q2 2026 earnings.
Key Highlights
- Anticipates a net derivative settlement loss of approximately $220 million for Q2 2026.
- Realized oil price before derivative settlements was $96.85 per Bbl for Q2 2026.
- Realized oil price including derivative settlements was $80.62 per Bbl for Q2 2026.
- Realized gas price before derivative settlements was $0.17 per Mcf for Q2 2026.
- Realized gas price including derivative settlements was $1.54 per Mcf for Q2 2026.
- Realized NGLs price before derivative settlements was $24.69 per Bbl for Q2 2026.
- Realized NGLs price including derivative settlements was $24.83 per Bbl for Q2 2026.
Price Impact
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