Welcome to our dedicated page for Sm Energy SEC filings (Ticker: SM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Parsing shale-reserve estimates, hedge positions, and environmental risks inside SM Energy’s disclosures can feel like reading a drilling log at midnight. The typical 10-K alone tops 300 pages; Form 4 filings hit the wire after hours. Investors searching for "SM Energy insider trading Form 4 transactions" or a quick glance at the next "SM Energy quarterly earnings report 10-Q filing" often waste valuable time hopping between documents. That’s why Stock Titan delivers "SM Energy SEC filings explained simply"—so you can focus on strategy, not page numbers.
Our platform ingests every submission the moment it lands in EDGAR and turns legalese into plain English. Need "SM Energy Form 4 insider transactions real-time"? Receive instant alerts with context on which executive bought or sold. Want "SM Energy annual report 10-K simplified"? Our AI-powered summaries highlight proved reserves, commodity price sensitivities, and cap-ex plans. Each 10-Q comes with "SM Energy earnings report filing analysis" that translates production volumes and lifting costs into actionable trends. You’ll even find "SM Energy proxy statement executive compensation" broken down line by line, plus "SM Energy 8-K material events explained" minutes after they’re filed.
Because drilling results vary basin by basin, Stock Titan connects every filing to what actually drives value at SM Energy—Midland and Uinta well economics, hedge layers, and leasehold obligations. Use cases include:
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With AI-powered summaries, expert commentary, and real-time updates across all forms, Stock Titan moves you from data overload to decision-ready in seconds.
Q2-25 snapshot: SM Energy (SM) reported operating revenue of $792.9 million, up 25% YoY, as the October 2024 Uinta Basin purchase now delivers 30% of sales. Net income eased 4% to $201.7 million and diluted EPS slipped to $1.76 from $1.82 amid higher lifting and DD&A costs.
Key metrics
- 1H-25 operating cash flow rose 40% YoY to $1.05 billion, comfortably covering $824 million of capex.
- Cash & equivalents: $101.9 million; revolver paid down to $0, leaving $2.0 billion of unused commitments.
- Senior notes outstanding: $2.71 billion; no maturities until 2026; net debt unchanged.
- Quarter dividend maintained at $0.20/share; $500 million remains on the repurchase authorization (no buybacks YTD).
- Q2 hedge book added $78.3 million non-cash gain plus $39.7 million cash settlements.
- Cost pressure: production expense +64% YoY to $224.0 million; DD&A +63% to $293.0 million; interest expense doubled to $42.6 million.
Management is shifting from integration to optimization of the Uinta asset while reiterating its focus on balance-sheet strength and shareholder returns. Liquidity is ample, covenant headroom strong, but rising operating costs and capex temper earnings momentum.
SM Energy (SM) � Form 4, insider activity by EVP & CFO A. Wade Pursell. On 07/24/2025 Pursell received 11,436 common shares after the Compensation Committee certified performance criteria for a July 1 2022 performance share-unit (PSU) award. Immediately thereafter, 5,005 shares were withheld at $24.71 per share (code F) to satisfy tax obligations, leaving 405,426 shares held directly.
In addition, on 07/25/2025 Pursell was granted 48,003 restricted stock units (RSUs); each RSU converts 1-for-1 into common stock and vests in six equal bi-annual tranches beginning 01/01/2026. Following the grant, he now beneficially owns 48,003 derivative RSUs plus the common shares noted above.
- No purchase or sale for cash; transactions stem from equity compensation and tax withholding.
- The filing signals PSU performance goals were achieved and aligns the CFO with shareholders via a sizeable equity stake (~0.3 M shares).
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