• SM Energy outlined a scaled four-basin platform following the Civitas merger, with about 696,000 net acres across the Permian, DJ, South Texas, and Uinta.
• 1Q26 production totaled 371,000 boe/d, up 6% versus the guidance midpoint; capital spending was $672 million, 12% below midpoint.
• Raised run-rate synergy target to $375 million; $300 million actioned; full actioning targeted by year-end 2026 for 2027 run-rate realization.
• South Texas divestiture closed for $650 million; proceeds directed to gross debt reduction; leverage targeted to the low-1x range by year-end 2026.
• Full-year 2026 guidance calls for total production of 410,000-430,000 boe/d on capital expenditures of $2.65-$2.85 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SM Energy Company published the original content used to generate this news brief on June 02, 2026, and is solely responsible for the information contained therein.