SM Energy (SM) reported second-quarter 2026 net income of $1.07 billion, or $4.46 per diluted share, on oil, gas and NGL production revenue of $2.16 billion. The company said it generated record operating cash flow of $1.1 billion and returned $137 million to stockholders through dividends and share repurchases.
SM raised its second-half 2026 production outlook while maintaining full-year capital guidance. The company also closed the $950 million sale of certain South Texas assets and used proceeds to redeem all $819 million of its 2026 senior notes.
- Second-quarter production totaled about 440 MBoe/d, including about 230 MBbl/d of oil.
- SM raised second-half 2026 production guidance to 435–440 MBoe/d.
- Full-year 2026 capital guidance remained at $2.65 billion to $2.85 billion.
- The company actioned 95% of its targeted merger-related synergies, totaling $355 million.
- Quarterly dividend was $0.22 per share, and share repurchases totaled $84 million.
$SM Insider Trading Activity
$SM insiders have traded $SM stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $SM stock by insiders over the last 6 months:
- RAMIRO G PERU sold 24,553 shares for an estimated $834,310
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$SM Hedge Fund Activity
We have seen 337 institutional investors add shares of $SM stock to their portfolio, and 148 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 17,500,906 shares (+83.6%) to their portfolio in Q1 2026, for an estimated $562,391,614
- CANADA PENSION PLAN INVESTMENT BOARD added 13,888,891 shares (+2296.1%) to their portfolio in Q1 2026, for an estimated $446,319,512
- ARISTEIA CAPITAL, L.L.C. added 10,487,058 shares (+2955.9%) to their portfolio in Q1 2026, for an estimated $337,001,608
- DONALD SMITH & CO., INC. added 7,208,899 shares (+inf%) to their portfolio in Q1 2026, for an estimated $231,657,969
- STATE STREET CORP added 6,238,602 shares (+99.7%) to their portfolio in Q1 2026, for an estimated $200,477,475
- DIMENSIONAL FUND ADVISORS LP added 4,426,751 shares (+79.5%) to their portfolio in Q1 2026, for an estimated $142,253,643
- AMERICAN CENTURY COMPANIES INC added 4,186,297 shares (+88.4%) to their portfolio in Q1 2026, for an estimated $134,526,654
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
