Risk factors

SM Energy (SM) risk factors

Item 1A of every SM Energy Co. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

  • FY2025 10-K risk factors
    50 risks13 new3 dropped9 reworded

    SM Energy is heavily focused on integrating the Civitas merger and restructuring debt via South Texas asset sales.

    Filed Feb 26, 2026
  • FY2024 10-K risk factors
    40 risks

    SM Energy faces heavy exposure to commodity price volatility and debt obligations, including $2.7 billion in Senior Notes.

    Filed Feb 20, 2025