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Conference Call Participants Turning to Slide 7. This is a new slide demonstrating efficiencies we are gaining in drilling and completion efforts that translate into cost savings. On the left, you can see improvement in feet drilled per day in both Midland Basin and South Texas operations, amounting to 10% and 20% improvements realized in the first quarter 2024 versus 2022, respectively. This is driven by optimization of drilling parameters, rig equipment, and downhole equipment within our target zones. On ...

Wells Drilled Flowing Completions DUC Count Leasehold Summary 21 NGL price realizations tied to OPIS, fixed fee-based contracts By Quarter MEH – WTI Oil Basis Swaps (1) Includes derivative contracts for settlement at any time during the second quarter of 2024 and later periods, entered into through April 25, 2024. (2) Weighted-average contract price. (3) Volume weighted-average contract price for NYMEX WTI swaps and NYMEX WTI collars. NGLs Propane Swaps Isobutane Swaps Normal Butane Swaps IF WAHA Gas Swaps ...

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 March 31, 2024 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 ...

News Release EXHIBIT 99.1 SM ENERGY REPORTS FIRST QUARTER 2024 RESULTS; EXCELLENT OPERATIONAL EXECUTION BOOSTS BOTTOM LINE RESULTS AND SUPPORTS HIGHER PRODUCTION, LOWER CAPITAL GUIDANCE DENVER, CO May 2, 2024 - SM Energy Company (the “Company”) (NYSE: SM) today announced operating and financial results for the first quarter 2024 and provided certain full year and second quarter 2024 guidance. Excellent operational execution drove a great start to 2024. First quarter 2024 highlights include: • Net production ...

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 ...

Conference Call Participants I will now turn the call over to Herb. Turning to slides 4 and 5 and starting with key 2023 results. How did we measure up against our stated strategic objectives? We met or exceeded each objective as I will step through now. Our first objective was to deliver increased return of capital to our stockholders. We generated substantial free cash flow of $509 million and returned $300 million to our stockholders. This is an approximate 7% yield for stockholders and return of approxi ...

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 ...