SM Energy Terminates Material Definitive Agreement
Ticker: SM · Form: 8-K · Filed: Aug 26, 2024 · CIK: 893538
| Field | Detail |
|---|---|
| Company | Sm Energy Co (SM) |
| Form Type | 8-K |
| Filed Date | Aug 26, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $349.1 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement-termination, material-event
TL;DR
SM Energy just terminated a big deal, could be good or bad.
AI Summary
SM Energy Co. announced on August 26, 2024, the termination of a material definitive agreement. The company, incorporated in Delaware, is based in Denver, Colorado, and operates in the crude petroleum and natural gas industry.
Why It Matters
The termination of a material definitive agreement can significantly impact a company's future operations, financial standing, and strategic direction.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement introduces uncertainty regarding the company's future business relationships and financial projections.
Key Numbers
- 001-31539 — SEC File Number (Identifies the company's filing with the SEC.)
- 41-0518430 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- SM Energy Co (company) — Registrant
- August 26, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Denver, Colorado (location) — Principal executive offices
- 1700 Lincoln Street, Suite 3200 (address) — Principal executive offices address
- ST MARY LAND & EXPLORATION CO (company) — Former company name
FAQ
What was the specific material definitive agreement that was terminated?
The filing does not specify the exact nature or counterparty of the terminated material definitive agreement.
When was the termination effective?
The filing indicates the date of the earliest event reported is August 26, 2024, suggesting the termination occurred on or around this date.
What are the implications of this termination for SM Energy Co.'s business operations?
The filing does not detail the specific operational implications, but the termination of a material agreement typically has significant consequences.
Does this termination affect any ongoing projects or partnerships?
The filing does not provide details on whether ongoing projects or partnerships are affected by this termination.
Is there any financial impact disclosed due to this termination?
The filing does not disclose specific financial impacts resulting from the termination of the agreement.
Filing Stats: 458 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2024-08-26 16:30:13
Key Financial Figures
- $0.01 — nge on which registered Common stock, $0.01 par value SM New York Stock Exchange
- $349.1 million — 4, SM Energy Company (" Company ") paid $349.1 million to redeem all of the aggregate principa
Filing Documents
- sm-20240826.htm (8-K) — 21KB
- 0000893538-24-000119.txt ( ) — 140KB
- sm-20240826.xsd (EX-101.SCH) — 2KB
- sm-20240826_lab.xml (EX-101.LAB) — 21KB
- sm-20240826_pre.xml (EX-101.PRE) — 12KB
- sm-20240826_htm.xml (XML) — 3KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. On August 26, 2024, SM Energy Company (" Company ") paid $349.1 million to redeem all of the aggregate principal amount outstanding of its 5.625% Senior Notes due 2025 (" 2025 Senior Notes "), plus accrued and unpaid interest, pursuant to the terms of the indenture governing the 2025 Senior Notes (" Indenture "). In connection with the redemption of the 2025 Senior Notes, on August 26, 2024, the Company satisfied and discharged all of its remaining obligations under the Indenture. The redeemed 2025 Senior Notes will be cancelled upon settlement.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SM ENERGY COMPANY Date: August 26, 2024 By: /s/ PATRICK A. LYTLE Patrick A. Lytle Vice President - Chief Accounting Officer and Controller (Principal Accounting Officer)