SM ENERGY ANNOUNCES AGREEMENT TO SELL $950 MILLION IN ASSETS
SM ENERGY ANNOUNCES AGREEMENT TO SELL $950 MILLION IN ASSETS News provided by SM Energy Company Feb 18, 2026, 08:00 ET Proceeds to accelerate deleveraging and strengthen balance sheet DENVER, Feb. 18, 2026 /PRNewswire/ -- SM Energy Company (NYSE: SM ) today announced that it has entered into an agreement to sell certain South Texas assets to Caturus Energy, LLC for a cash purchase price of $950 million (the "Transaction"), subject to customary adjustments. "This timely asset sale largely accomplishes one of our key priorities of selling more than $1.0 billion in assets, which will enable us to reduce debt and strengthen our capital structure," said President and CEO Beth McDonald. "We are excited about the impact this divestiture has on our balance sheet and look forward to sharing our updated return‑of‑capital program when we report earnings next week." SM Energy has agreed to sell approximately 61,000 net acres and approximately 260 producing wells in i...