SM Energy Co

SM Energy Company (NYSE: SM) is an independent energy company engaged in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. Founded in 1908 and incorporated in Delaware in 1915, the company operates through a portfolio of high-quality assets positioned across premier oil and gas basins.

The company's operational footprint spans multiple regions following its January 2026 merger with Civitas Resources, Inc. SM Energy's asset base includes operations in the Midland Basin and Delaware Basin within the larger Permian Basin of Texas and New Mexico, the Maverick Basin of South Texas, the Uinta Basin of northeastern Utah, and the Denver-Julesburg Basin of northeastern Colorado. As of December 31, 2025, the company held approximately 673 million barrels of oil equivalent in total proved reserves, with proved developed reserves representing 61 percent of the total reserve base.

During 2025, SM Energy achieved average net daily equivalent production of 206.8 thousand barrels of oil equivalent, consisting of 110.5 thousand barrels of oil, 412.3 million cubic feet of gas, and 27.6 thousand barrels of natural gas liquids. Oil production represented 53 percent of total production volumes. The company generated $3.1 billion in oil, gas, and NGL production revenue for the year ended December 31, 2025.

SM Energy's strategy emphasizes sustainable value creation through disciplined capital deployment, technical excellence, and operational optimization across its top-tier asset portfolio. The company prioritizes safety, environmental stewardship, and community engagement while leveraging state-of-the-art digital technology, data analytics, and artificial intelligence to enhance operational efficiency and well performance. The company maintains a commitment to sustainability initiatives, with executive and employee compensation tied in part to environmental, health, and safety performance metrics.

The company's website is located at www.smenergy.com. SM Energy operates through a decentralized structure with regional offices supporting its various operating areas, maintaining technical expertise and operational oversight across its diverse asset base.