SM Energy outlines USD 207 million derivative loss. Truist targets SM Energy stock at USD 48.00

Published on 10/18/2026 at 13:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SM Energy stock has third-quarter results due November 3, 2026. Its last NYSE price was USD 39.50, below the USD 41.56 yearly high.

Third quarter risk and valuation

SM Energy disclosed a USD 207 million derivative settlement loss on October 14, 2026.
Second-quarter revenue reached USD 2.50 billion for the period ended June 30, 2026.
SM Energy stock was last at USD 39.50 on October 16, 2026, at 4:00 p.m. EDT on the NYSE.
Truist raised its target from USD 43.00 to USD 48.00 on October 7, 2026.

SM, US78454L1008, Illustration mit AI erstellt.

SM Energy (ISIN US78454L1008) disclosed a preliminary USD 207 million net derivative settlement loss for the third quarter of 2026 in an October 14, 2026 filing to the SEC. The filing also showed average realized oil, gas and natural gas liquids prices of USD 85.76 per barrel, USD 2.48 per thousand cubic feet and USD 29.40 per barrel, respectively.

The latest analyst action came from Truist. As Markets Insider reported on October 7, 2026, Truist analyst Gabe Daoud raised the target from USD 43.00 to USD 48.00 and kept a Buy rating.

Three dates frame the update

On August 5, 2026, SM Energy reported second-quarter revenue of USD 2.50 billion and adjusted earnings per share of USD 2.19, according to MarketBeat. On October 5, 2026, the company scheduled its third-quarter release for November 3, followed by a conference call on November 4, according to SM Energy. The October 14 filing is the current event in that sequence, with the USD 207 million derivative loss as its central figure.

What does the derivative loss change?

The derivative charge raises the importance of realized prices and operating execution in the upcoming report. The October 14 filing tied the preliminary loss to settlements during the third quarter and said it excludes changes in unsettled positions, so the final result can differ from the preliminary estimate.

Upcoming results set the next test

SM Energy has scheduled third-quarter financial and operating results for November 3, 2026, after the market close, with the conference call on November 4, 2026, at 10:00 a.m. ET. The company operates in oil, natural gas and natural gas liquids, while its second-quarter revenue of USD 2.50 billion provides the latest reported scale.

Stock remains below its yearly high

SM Energy was last at USD 39.50 on the NYSE on October 16, 2026, at 4:00 p.m. EDT. Its finance-market value was USD 9.4 billion, while the 52-week range stood at USD 17.45 to USD 41.56 on the same quote snapshot. The stock therefore remained below its yearly high as investors weighed the upcoming results against the derivative charge.

The last available home-market price was USD 39.50 on the NYSE on October 16, 2026, at 4:00 p.m. EDT. The further course of trading is shown by the continuously updated real-time quote of SM Energy stock.