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SM Energy — Third Quarter 2026 Earnings Summary

SM Energy reported third-quarter 2026 net income of $93 million and adjusted net income of $465 million, driven by $1.1 billion in operating cash flow. The company substantially completed its Civitas merger integration, achieving $400 million in run-rate synergies, and redeemed $417 million in senior notes to reduce net debt to $6.0 billion. SM returned $133 million to stockholders through share repurchases and dividends while narrowing its full-year 2026 capital expenditure guidance to approximately $2.75 billion.

Company
SM ENERGY CO
Sector
Energy
Industry
Oil & Gas E&P