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Get filing alertsSM Energy reports preliminary Q3 2026 realized prices and $207M net derivative settlement loss
Filed October 14, 2026 · Period ending October 14, 2026 · ~1 min read
Key Changes
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Preliminary average realized oil price was $85.76 per barrel before derivative settlements.
Item 2.02 verify on EDGAR → -
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Preliminary average realized natural gas price was $2.48 per Mcf before derivative settlements.
Item 2.02 verify on EDGAR → -
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Preliminary average realized NGL price was $29.40 per barrel before derivative settlements.
Item 2.02 verify on EDGAR →
Summary
SM Energy disclosed preliminary third-quarter 2026 realized commodity prices and a significant derivative settlement loss. The company expects a $207 million net loss on derivative settlements for the quarter, a figure that excludes changes in the fair value of unsettled derivative positions, which could be material and will be reported with full results. Average realized prices before derivative settlements were $85.76 per barrel for oil, $2.48 per Mcf for natural gas, and $29.40 per barrel for NGLs.
For retail holders, the $207 million settlement loss is the key item to watch, as it directly reduces cash flow for the quarter. The realized prices provide context on the company's operating performance, but the derivative loss may offset much of the revenue benefit from those prices. Full third-quarter results will include the fair value impact of unsettled derivatives, which could further affect reported earnings.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Item 2.02 — Results of Operations and Financial Condition filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
For the third quarter of 2026, the Company anticipates a net derivative settlement loss of $207 million.
This figure excludes changes in the fair value of unsettled derivative positions, which could be material and will be reported with full third quarter results.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 15, 2026 · How we verify