News Release EXHIBIT 99.1 President and Chief Executive Officer Herb Vogel comments: "Top-tier assets and excellent operational execution delivered strong financial results and kicked-off another great year. Seventy-nine percent of first quarter Adjusted free cash flow was returned to stockholders while we maintained low leverage of 0.6 times. We are very well positioned to deliver on all of our 2024 objectives to create long term value as we focus on operational execution, successfully work to expand our t ...

1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 001-31539 SM ENERGY COMPANY (Exact name of registrant as specified in its charter) Delaware 41-0518430 (State or other jurisdiction of incorporation or organization) (I.R.S. Employ ...

Financial Data and Key Metrics Changes - The company generated substantial free cash flow of $509 million and returned $300 million to stockholders, representing an approximate 7% yield and about 60% of the free cash flow generated [2][21] - Net proved reserves increased by 13% year-over-year to a record 605 million barrels of oil equivalent (MMBoe), with a net increase in reserves replacing production by more than 2.2 times [14][21] - The company achieved net debt of less than $1 billion, with a net debt-to-adjusted EBITDAX ratio of 0.57x, providing flexibility for free cash flow allocation in 2024 [14] Business Line Data and Key Metrics Changes - Production was up approximately 5% year-over-year, driven by well performance from the Austin Chalk program, which exceeded expectations [7] - The gross inventory in the Austin Chalk increased by 16% to 465 locations, reflecting confidence in the economic performance of previously drilled wells [15] Market Data and Key Metrics Changes - Production guidance for 2024 is set at 56-59 million barrels of oil equivalent (MMBoe), an increase of 3-4% year-over-year, with oil volumes expected to rise around 6% [13] - The company expects to drill and complete 115-120 total net wells in 2024, with approximately 60% in the Midland Basin and 40% in South Texas [26] Company Strategy and Development Direction - The company aims to execute operationally to deliver low breakeven, high-return wells through new technologies and maintain leadership in environmental, social, and governance (ESG) stewardship [10] - Strategic objectives for 2024 include returning capital to stockholders through share repurchases and dividends, while also expanding portfolio quality and depth using advanced analytics [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in slightly increasing activity levels in 2024 and maintaining low leverage, positioning the company for attractive returns of capital [6] - The company anticipates a favorable commodity price outlook, which supports increased oil-directed activity [10] Other Important Information - The company reported a total shareholder return of 13% in 2023, despite declines in oil and gas prices [16] - The company received a leadership level score of A minus in CDP scores, highlighting its commitment to safety and environmental stewardship [23] Q&A Session Summary - No specific questions and answers were provided in the content, indicating that the Q&A session may have occurred but was not included in the provided text [33]

605 MMBoe | --- | --- | --- | |----------------------------------------|-----------|-----------| | Net Production and Pricing | | | | Total Net Production (MMBoe) | 14.1 | 55.5 | | Total Net Production (MBoe/d) | 153.5 | 152.0 | | Oil percentage / Liquids | 43% / 60% | 43% / 60% | | Pre-Hedge Realized Price ($/Boe) | $42.99 | $42.60 | | Post-Hedge Realized Price(1) ($/Boe) | $43.45 | $43.09 | | Costs (per Boe) | | | | LOE | $5.31 | $5.13 | | Transportation | $2.08 | $2.46 | | Production & Ad Valorem taxes | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-31539 SM ENERGY COMPANY (Exact name of registrant as specified in its charter) Delaware 41-0518430 (State or ot ...

SM Energy Co (NYSE:SM) Q3 2023 Earnings Conference Call November 2, 2023 4:15 PM ET Company Participants Jennifer Samuels - VP, IR & ESG Stewardship Herbert Vogel - President, CEO & Director Wade Pursell - EVP & CFO Jennifer Samuels Good afternoon, and welcome to SM Energy's Third Quarter 2023 Results Webcast. Before we get started on our prepared remarks, I'll remind you that our discussion today will include forward-looking statements. I direct you to Slide 2 of the accompanying slide deck, Page 6 of the ...

3 NYSE: SM WEB: sm-energy.com A Premier Operator of Top-Tier Assets A PREMIER OPERATOR Capital Efficiency OWNER OF TOP-TIER ASSETS High Inventory Quality with Long Runway 2023 Strategic Objectives 22,800 Net acres added in the Midland Basin INCREASED RETURN OF CAPITAL TO STOCKHOLDERS – OPPORTUNISTIC REPURCHASES OPERATIONAL EXECUTION – OUTPERFORMANCE 14.1MMBoe SECOND QUARTER 2023 FINANCIAL AND OPERATING RESULTS 2 Forward-looking statements This presentation contains forward-looking statements within the mean ...

Financial Data and Key Metrics Changes - The company has authorized $500 million for share repurchases, of which $166 million has been utilized, leaving $334 million available for future buybacks [1] - A total of $221 million has been returned to shareholders since September, representing a 6% yield over nine months based on the market cap as of June 30 [17] Business Line Data and Key Metrics Changes - The company plans to add a fourth rig in the Permian Basin in the fourth quarter, which is expected to enhance oil production growth in 2024 [2][14] - The company has added 29,100 net acres in the Midland Basin this year, marking a 35% increase, with a focus on the Dean formation [33] Market Data and Key Metrics Changes - The company is experiencing a favorable commodity environment, which is expected to support its operations and growth plans [14] Company Strategy and Development Direction - The company aims to maintain a sustainable dividend that shareholders can rely on, even in low commodity price environments [12] - There is a focus on optimizing well economics and achieving great returns on the last well assigned to a drilling spacing unit (DSU) [4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the potential of the Dean formation, highlighting its prolific nature and the importance of detailed mapping to identify productive areas [42][55] - The company is optimistic about its trajectory for the year, with increased production guidance and reduced capital expenditure (CapEx) guidance [17] Other Important Information - The company has completed the second part of a pipeline expansion to facilitate oil transport, with a third extension planned for next year [25] - Constraints in oil handling are currently relieved, but management is aware of potential future constraints and plans to manage operations tightly [52] Q&A Session Summary Question: How will the company approach buybacks in the second half of the year? - Management indicated that they have not budgeted a specific amount for buybacks but will continue to utilize a significant portion of free cash flow for this purpose [20] Question: What are the development plans for the newly acquired acreage? - The company plans to drill wells on the new acreage and expects to share results in the first half of next year [24][49] Question: How does the company view its dividend strategy? - Management stated that they will reassess the dividend level soon, considering market conditions and free cash flow generation [59] Question: What is the outlook for capital allocation and cost savings? - Management is closely monitoring free cash flow projections and anticipates potential cost savings, which will influence future capital allocation decisions [61]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-31539 SM ENERGY COMPANY (Exact name of registrant as specified in its charter) Delaware 41-0518430 (State or other j ...

SM Energy Company (NYSE:SM) Q1 2023 Earnings Conference Call April 28, 2023 10:00 AM ET Company Participants Jennifer Samuels - VP of IR and ESG Stewardship Herb Vogel - President, CEO and Director Wade Pursell - Executive VP and CFO Conference Call Participants Scott Hanold - RBC Capital Markets Leo Mariani - ROTH MKM Zach Parham - JPMorgan Tim Rezvan - KeyBanc Capital Markets Oliver Huang - TPH & Company Operator Good day, everyone and welcome to the SM Energy First Quarter Results Q&A Discussion. Today's ...