SM Energy Co (SM) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 109.37% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
240M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

SM currently has 240M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 109.37% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 239.7M shares outstanding

240M 0
Nov 03, 2025

10-Q filing | 114.8M shares outstanding

110M 0
Aug 01, 2025

10-Q filing | 114.8M shares outstanding

110M 0
May 02, 2025

10-Q filing | 114.5M shares outstanding

110M 0
Feb 20, 2025

10-K filing | 114.8M shares outstanding

110M 0
Nov 01, 2024

10-Q filing | 114.4M shares outstanding

110M 0
Aug 08, 2024

10-Q filing | 114.6M shares outstanding

110M 0
May 03, 2024

10-Q filing | 115.6M shares outstanding

120M 0
Feb 22, 2024

10-K filing | 118.7M shares outstanding

120M 0
Nov 03, 2023

10-Q filing | 117.8M shares outstanding

120M 0
Aug 03, 2023

10-Q filing | 119.4M shares outstanding

120M 0
Apr 28, 2023

10-Q filing | 121.7M shares outstanding

120M 0
Feb 23, 2023

10-K filing | 122.4M shares outstanding

120M 0
Nov 04, 2022

10-Q filing | 123.2M shares outstanding

120M 0
Aug 04, 2022

10-Q filing | 121.9M shares outstanding

120M 0
Apr 29, 2022

10-Q filing | 121.9M shares outstanding

120M 0
Feb 25, 2022

10-K filing | 123.7M shares outstanding

120M 0
Oct 29, 2021

10-Q filing | 121.5M shares outstanding

120M 0
Jul 30, 2021

10-Q filing | 118.4M shares outstanding

120M 0
Apr 30, 2021

10-Q filing | 114.8M shares outstanding

110M 0
Feb 18, 2021

10-K filing | 113.7M shares outstanding

110M 0
Oct 30, 2020

10-Q filing | 114.4M shares outstanding

110M 0
Jul 31, 2020

10-Q filing | 113.0M shares outstanding

110M 0
Jun 18, 2020

8-K filing: SM Energy Company exchanged Old Notes and 2021 Notes for $446,675,000 in Second Lien Notes and issued warrants to the Backstop Group to acquire up to 5,941,304 shares of common stock.

110M 0
Apr 29, 2020

10-Q filing | 113.0M shares outstanding

110M 0
Feb 20, 2020

10-K filing | 112.5M shares outstanding

110M 0
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