News & Events

Termination of a Material Definitive Agreement. On June 1, 2026, SM Energy Company (“ Company ”) paid $419,235,000 to redeem all of the aggregate principal amount outstanding of its 6.75% Senior Notes due 2026 (the “ 2026 Senior Notes ”), plus accrued and unpaid interest, pursuant to the terms of the Indenture, dated as of May 21, 2015 (the “ Base Indenture ”), by and between the Company and U.S. Bank National Association, (including its successor in interest, U.S. Bank Trust Company, Nationa…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 21, 2026, the Compensation Committee of the Board of Directors of SM Energy Company (the “ Company ”) amended and restated the Change of Control Executive Severance Agreement for Elizabeth A. McDonald, the Company's President and Chief Executive Officer, effective as of January 30, 2026 (“ Change of Control Agreement ”). Pursuant to the Chan…

Termination of a Material Definitive Agreement. On May 11, 2026, SM Energy Company (“Company”) paid $400 million to redeem all of the aggregate principal amount outstanding of its 5.000% Senior Notes due 2026 (“2026 Senior Notes”), plus accrued and unpaid interest, pursuant to the terms of the Indenture, dated as of October 13, 2021, among the Company (as successor in interest to Bonanza Creek Energy, Inc.), the guarantors party thereto and Computershare Trust Company, N.A. (as successor in i…

Results of Operations and Financial Condition. In accordance with General Instruction B.2. of Form 8-K, the following information, including Exhibit 99.1, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“ Exchange Act ”), or otherwise subject to the liabilities of that section, nor shall such information and exhibits be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, exce…

Completion of Acquisition or Disposition of Assets. As previously announced, on February 17, 2026, SM Energy Company (the “ Company ”) entered into a Purchase and Sale Agreement (the “ PSA ”) with Caturus Energy, LLC, a Delaware limited liability company and, solely for the purposes of Section 7.8 thereof, Caturus Holdco, LLC, pursuant to which the Company agreed to sell all of its rights, titles and interests in certain producing and non-producing assets encompassing approximately 61,000 net…

Regulation FD Disclosure. In accordance with General Instruction B.2. of Form 8-K, the following information, including Exhibit 99.1, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), or otherwise subject to the liabilities of that section, nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be exp…

certain information for the three months ended March 31, 2026, regarding its realized prices, commodity derivative activity and weighted average basic and diluted shares outstanding. Realized Prices The following table presents information about average realized prices: For the Three Months Ended March 31, 2026 Realized price (before the effect of net derivative settlements): Oil (per Bbl) $ 73.69 Gas (per Mcf) $ 1.72 NGLs (per Bbl) $ 21.58 Realized price (including the effect of net derivati…

Regulation FD Disclosure On April 2, 2026, the Company issued a press release announcing the expiration of the previously announced cash tender offer (the " Tender Offer ") to purchase up to $1,000,000,000 aggregate principal amount of the outstanding 8.375% Senior Notes due 2028, originally issued by Civitas Resources, Inc. A copy of the press release is furnished as Exhibit 99.1 hereto. In accordance with General Instruction B.2 of Form 8-K, this press release is deemed to be “furnished” an…

Regulation FD Disclosure On March 18, 2026, the Company issued a press release announcing (i) the early results of the previously announced cash tender offer (the " Tender Offer ") to purchase up to $750,000,000 aggregate principal amount of the outstanding 8.375% Senior Notes due 2028, originally issued by Civitas Resources, Inc., (ii) the increase of the maximum aggregate principal amount to be accepted in the Tender Offer to up to $1,000,000,000, and (iii) the extension of the Early Tender…

Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. The information provided in

Entry into a Material Definitive Agreement. On March 9, 2026, SM Energy Company (the “ Company ”) issued and sold $1.0 billion in aggregate principal amount of the Company’s 6.625% Senior Notes due 2034 (the “ Notes ”), pursuant to a Purchase Agreement, dated March 4, 2026, among the Company, the guarantors party thereto (the “ Subsidiary Guarantors ”) and BofA Securities, Inc., acting as representative of the several initial purchasers named therein (the “ Initial Purchasers ”). The Notes wi…

Other Events. On March 4, 2026, SM Energy Company (the “ Company ”) issued a press release announcing that the Company priced an upsized private offering of $1,000,000,000 aggregate principal amount of 6.625% senior notes due 2034. A copy of the press release is filed hereto as Exhibit 99.1.

Other Events. On March 4, 2026, SM Energy Company (the “ Company ”) issued a press release announcing that, subject to market and other conditions, the Company intends to offer for sale (the “ Offering ”) an expected $750,000,000 aggregate principal amount of senior notes due 2034 (the “ Notes ”). The Notes to be offered will not be registered under the Securities Act of 1933, as amended (the “ Securities Act ”), or under any state or other securities laws, and the Notes will be issued pursua…

Results of Operations and Financial Condition. In accordance with General Instruction B.2. of Form 8-K, the following information, including Exhibits 99.1 and 99.2, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information and exhibits be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange A…

Other Events. On February 25, 2026, the Company announced that its Board of Directors approved an increase to the Company’s fixed dividend policy. In connection with the increased fixed dividend policy, the Board of Directors approved a dividend of $0.22 per share of common stock outstanding that will be paid on March 23, 2026 to stockholders of record at the close of business on March 9, 2026. The increased fixed dividend policy and recently declared dividend are discussed in the press relea…

Entry into a Material Definitive Agreement. On February 17, 2026, SM Energy Company (the “Company”) entered into a Purchase and Sale Agreement (the “PSA”) with Caturus Energy, LLC, a Delaware limited liability company (“Purchaser”) and, solely for the purposes of Section 7.8 therof, Caturus Holdco, LLC, pursuant to which the Company agreed to sell all of its rights, titles and interests in certain producing and non-producing assets encompassing approximately 61,000 net acres located in the Co…

Change in Registrant's Certifying Accountant. On February 4, 2026, the Audit Committee of the Board of Directors (the “Audit Committee”) of SM Energy Company (the “Company”) dismissed Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm, and appointed Deloitte & Touche LLP (“Deloitte”) for the fiscal year ending December 31, 2026. The change is effective upon the completion of EY’s audit of the Company’s consolidated financial statements for the year ended D…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in

Supplemental Indentures In connection with the completion of the Mergers, on January 30, 2026, the Company, the guarantors party thereto and Computershare Trust Company, N.A., as trustee (the “ Trustee ”), entered into (i) the Fourth Supplemental Indenture (the “ 2026 Fourth Supplemental Indenture ”) to that certain indenture, dated as of October 13, 2021 (as supplemented, the “ 2026 Notes Indenture ”), by and among Civitas, the guarantors party thereto and the Trustee (as successor to Wells…

As discussed in the Introduction, on January 30, 2026, the Mergers were consummated upon the terms and subject to the conditions of the Merger Agreement. In connection with the consummation of the Mergers, subject to certain exceptions set forth in the Merger Agreement, each share of common stock, par value $0.01 per share, of Civitas (“ Civitas Common Stock ”) issued and outstanding immediately prior to the first effective time (other than certain cancelled shares) was converted into the rig…

Entry into a Material Definitive Agreement On October 13, 2025, SM Energy Company (the “ Company ”) entered into a Third Amendment (the “ Third Amendment ”) to Seventh Amended and Restated Credit Agreement (as amended, the “ Credit Agreement ”) with Wells Fargo Bank, National Association, as administrative agent for the Lenders, and each of the other Lenders that is a party to the Credit Agreement. Prior to effectiveness of the Third Amendment, the Credit Agreement included a springing maturi…