SM Energy Raises Quarterly Dividend to $0.22 Per Share
SM Energy Company declared a quarterly cash dividend of $0.22 per share, marking an increase from its previous fixed dividend policy. The payment will go to shareholders of record on March 9.
SM Energy Company (NYSE: SM), an independent oil and natural gas exploration and production company, announced a quarterly cash dividend of $0.22 per share, following a board-approved increase to the company's fixed dividend policy. Read more dividend announcements.
The board of directors approved the higher dividend on February 25, 2026. The company did not disclose the previous dividend amount in the announcement.
Shareholders of record at the close of business on March 9, 2026 will be entitled to the dividend, which will be paid on March 23, 2026.
Dividend Payment Details
| Dividend Amount | Record Date | Payment Date |
|---|---|---|
| $0.22 per share | March 9, 2026 | March 23, 2026 |
Company Results and Outlook
The dividend announcement came alongside the Denver-based company's fourth quarter and full-year 2025 financial results, which included record production and record operating cash flow. The company also provided its 2026 outlook and capital expenditure guidance.
For full-year 2026, SM Energy expects production between 146 and 153 million barrels of oil equivalent with an oil mix of approximately 54%. The company plans capital expenditures of $2.65 billion to $2.85 billion, net of $50 million in expected synergies.
The guidance reflects 11 months of impact from the company's Civitas merger, along with the planned divestiture of certain South Texas assets in the second quarter of 2026.