Earnings summaries and quarterly performance for SM Energy.
Executive leadership at SM Energy.
Herb Vogel
Detailed
Chief Executive Officer
CEO
AB
Alan Bennett
Detailed
Vice President - Controller
BM
Beth McDonald
Detailed
President and Chief Operating Officer
JL
James Lebeck
Detailed
Executive Vice President - Corporate Development and General Counsel
KK
Ken Knott
Detailed
Senior Vice President - Business Development and Land
ME
Mary Ellen Lutey
Detailed
Senior Vice President - Texas
PL
Patrick Lytle
Detailed
Senior Vice President of Finance
RJ
Richard Jenkins
Detailed
Senior Vice President - Utah
WP
Wade Pursell
Detailed
Executive Vice President and Chief Financial Officer
Board of directors at SM Energy.
Research analysts who have asked questions during SM Energy earnings calls.
Zach Parham
JPMorgan Chase & Co.
5 questions for SM
Also covers: CIVI, CNX, CRC +7 more
GD
Gabriel Daoud
Cowen
4 questions for SM
Also covers: CHPT, CIVI, CNX +6 more
HH
Hsu-Lei Huang
Tudor, Pickering, Holt & Co.
4 questions for SM
Also covers: CHRD, CIVI, CRGY +1 more
LM
Leo Mariani
ROTH MKM
4 questions for SM
Also covers: APA, AR, CIVI +16 more
Michael Scialla
Stephens Inc.
4 questions for SM
Also covers: AESI, APA, CNX +10 more
Scott Hanold
RBC Capital Markets
4 questions for SM
Also covers: APA, CHRD, CIVI +13 more
TR
Timothy Rezvan
KeyBanc Capital Markets Inc.
4 questions for SM
Also covers: BKV, BSM, CIVI +10 more
MF
Michael Ferro
Pickering Energy Partners
3 questions for SM
ND
Neal Dingmann
Truist Securities
3 questions for SM
Also covers: APA, CHRD, CIVI +33 more
Michael Furrow
Pickering Energy Partners
2 questions for SM
Also covers: CRC, CRGY, TALO
DD
David Deckelbaum
TD Cowen
1 question for SM
Also covers: ALB, ALTM, APA +17 more
FF
Fu Fan
ROTH Capital Partners
1 question for SM
OH
Oliver Huang
TPH&Co.
1 question for SM
Also covers: APA, CHRD, CIVI +5 more
TR
Tim Rezvan
KeyBanc Capital Markets
1 question for SM
Also covers: BSM, CRGY, GPOR +8 more
Recent press releases and 8-K filings for SM.
SM Energy Closes Merger with Civitas Resources and Amends Credit Facility
SM
M&A
CEO Change
- SM Energy Company closed its all-stock merger with Civitas Resources, Inc. on January 30, 2026, with the combined company retaining the name SM Energy Company and continuing to trade under the ticker "SM".
- In connection with the merger, SM Energy amended its credit agreement, increasing the borrowing base to $5.0 billion and lender commitments to $2.5 billion, and extending the maturity date to January 30, 2031.
- The company expects to achieve an annual synergy target of $200 to $300 million and execute a divestiture target of at least $1.0 billion over the next year.
- Beth McDonald was appointed President and Chief Executive Officer and joined the Board of Directors, while Blake McKenna was appointed Executive Vice President and Chief Operating Officer.
6 hours ago
SM Energy Amends Credit Facility, Increases Borrowing Base and Extends Maturity
SM
Debt Issuance
- SM Energy announced the Fourth Amendment to its credit agreement, increasing the borrowing base to $5.0 billion and lender commitments to $2.5 billion.
- The company's bank group expanded to 18 banks with the addition of three new banks.
- The facility's scheduled maturity date has been extended to January 30, 2031, strengthening the Company's long-term capital structure.
- SM Energy has no outstanding borrowings under the credit facility at closing and intends to manage its business to investment-grade metrics.
6 hours ago
SM Energy Closes Merger with Civitas Resources
SM
M&A
CEO Change
Guidance Update
- SM Energy Company closed its all-stock merger with Civitas Resources, Inc. on January 30, 2026, after stockholders of both companies approved the transaction on January 27, 2026.
- The combined company will continue to operate as SM Energy Company under the ticker symbol "SM" and is now positioned as a top 10 U.S. independent oil-focused producer.
- Beth McDonald has been appointed President and Chief Executive Officer, and Blake McKenna has been appointed Executive Vice President and Chief Operating Officer.
- The company expects to achieve an annual synergy target of $200 to $300 million and a divestiture target of at least $1.0 billion over the next year.
- SM Energy plans to report its fourth quarter and full year 2025 financial results and its 2026 outlook on February 25, 2026, with a conference call scheduled for February 26, 2026.
6 hours ago
SM Energy and Civitas Stockholders Approve Merger
SM
M&A
Proxy Vote Outcomes
- Stockholders of SM Energy Company and Civitas Resources, Inc. overwhelmingly approved the all-stock merger on January 27, 2026.
- The merger is expected to close on January 30, 2026, with the combined company trading as SM Energy.
- 99.1 percent of SM Energy shares represented voted to approve the issuance of common stock to Civitas stockholders, and 98.6 percent voted to approve an increase in authorized shares.
- 97.7 percent of Civitas stockholders represented voted to adopt the merger agreement.
3 days ago
SM Energy and Civitas Merger Approved by Stockholders
SM
M&A
Proxy Vote Outcomes
- Stockholders of both SM Energy and Civitas Resources, Inc. have approved all proposals necessary for their previously announced all-stock merger.
- The merger is anticipated to close on January 30, 2026, with the combined entity trading under the name SM Energy.
- SM Energy stockholders approved the issuance of common stock to Civitas stockholders with approximately 99.1% of votes and an amendment to increase authorized shares with approximately 98.6% of votes.
- Civitas stockholders adopted the merger agreement with approximately 97.7% of votes.
- The combination is expected to create a leading oil and gas company with enhanced scale and top-tier assets, focused on generating significant free cash flow and delivering long-term value.
3 days ago
SM Energy Details Post-Merger Leadership and Board Appointments
SM
M&A
CEO Change
Board Change
- SM Energy Company announced significant leadership and Board changes contingent upon the closing of its merger with Civitas Resources, Inc..
- Elizabeth A. McDonald will be appointed President and Chief Executive Officer, and Blake D. McKenna will be appointed Executive Vice President and Chief Operating Officer, effective upon the closing of the Second Merger.
- Current CEO Herbert S. Vogel will depart, and four directors will resign from the Board, while six new directors will be appointed, increasing the Board size to 11 members.
- Ms. McDonald's annual base salary is set at $900,000, with a short-term incentive target of 120% of annual base salary and a long-term incentive target of $5,300,000.
4 days ago
SM Energy Company Provides Update on Civitas Resources Merger and Executive Transition
SM
M&A
Management Change
- SM Energy Company announced that Kenneth J. Knott, Senior Vice President – Business Development and Land, will conclude his service in his current role upon the closing of the Mergers, transitioning to an advisory role.
- On November 2, 2025, SM Energy Company entered into an Agreement and Plan of Merger with Civitas Resources, Inc., which will result in Civitas becoming a wholly owned subsidiary of SM Energy Company.
- The early termination of the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 was granted effective December 18, 2025.
- The closing of the Mergers is expected to occur in the first quarter of 2026, subject to the satisfaction or waiver of customary closing conditions.
Dec 19, 2025, 9:20 PM
SM Energy Discusses Civitas Merger Synergies and Strategic Outlook
SM
M&A
Guidance Update
Debt Issuance
- SM Energy's merger with Civitas is projected to overdouble its size and generate $200 million-$300 million in annual run rate synergies, mainly from D&C, LOE, and overhead savings.
- The combined entity expects $30 million-$45 million in cost of capital savings, with total synergies expected to be actioned in 2026 and fully realized on a run rate basis by 2027 and beyond.
- Post-merger, SM Energy plans to divest over $1 billion in assets within the first year to reduce pro forma leverage from the "mid ones area" towards one times, with the pro forma company generating $1.5 billion in free cash flow this year for debt reduction.
- The Civitas deal is anticipated to close in the first quarter.
Dec 2, 2025, 3:10 PM
SM Energy Outlines Post-Merger Strategy and Synergies
SM
M&A
Guidance Update
Debt Issuance
- SM Energy recently merged with Civitas, anticipating $200 million-$300 million in annual run-rate synergies, primarily from drilling and completion (D&C) and lease operating expenses (LOE), alongside $30 million-$45 million in cost of capital savings.
- The company plans to divest $1 billion plus in assets within the first year post-merger to strengthen the balance sheet and accelerate deleveraging, aiming to reduce pro forma leverage from the mid-ones area back to the one times area.
- The merger is expected to close in Q1 2026, with all identified synergies anticipated to be actioned in 2026 and fully realized on a run-rate basis by 2027.
- The pro forma company is projected to generate approximately $1.5 billion in free cash flow this year, which will be prioritized for debt reduction.
Dec 2, 2025, 3:10 PM
SM Energy Discusses Civitas Merger and Post-Merger Financial Strategy
SM
M&A
Guidance Update
New Projects/Investments
- SM Energy's merger with Civitas will overdouble the company's size in assets across four top-tier basins.
- The company anticipates annual run-rate synergies of $200 million-$300 million, primarily from drilling and completion (D&C) and lease operating expenses (LOE), with an additional $30 million-$45 million in cost of capital savings.
- SM Energy plans to target over $1 billion in divestitures within the first year post-merger to strengthen the balance sheet, aiming to return to a one-times debt area from the current mid-ones.
- The pro forma company is expected to generate approximately $1.5 billion in free cash flow this year, which will be prioritized for debt reduction.
- The Civitas deal is anticipated to close in the first quarter.
Dec 2, 2025, 3:10 PM
Fintool News
In-depth analysis and coverage of SM Energy.
Quarterly earnings call transcripts for SM Energy.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more