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SM ENERGY DECLARES QUARTERLY CASH DIVIDEND

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DENVER, March 28, 2023 /PRNewswire/ -- SM Energy Company (NYSE: SM) today announces that its Board of Directors approved a quarterly cash dividend of $0.15 per share of common stock outstanding. The dividend will be paid on May 5, 2023, to stockholders of record as of the close of business on April 21, 2023. The Company currently has approximately 120.5 million shares of common stock outstanding, which reflects a reduction of approximately 1.4 million shares from the previously reported quarter that were repurchased by the Company during the first quarter of 2023.

ABOUT THE COMPANY

SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in the state of Texas. SM Energy routinely posts important information about the Company on its website. For more information about SM Energy, please visit its website at www.sm-energy.com.

SM ENERGY INVESTOR CONTACTS

Jennifer Martin Samuels, jsamuels@sm-energy.com, 303-864-2507

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SM Energy Company

NYSE:SM

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5.70B
113.49M
1.48%
98.12%
9.05%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
DENVER

About SM

sm energy company is an independent energy company focused on the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the united states. the company was founded in 1908, incorporated in 1915, and became a public company through an initial public offering in 1992. sm energy trades on the new york stock exchange under the symbol sm. the company operates in four core areas managed by four regional offices: the mid-continent, rocky mountains, permian basin, and gulf coast regions are operated out of our offices in tulsa, oklahoma; billings, montana; midland, texas; and houston, texas, respectively. each office is staffed with a full complement of geologists, geophysicists, engineers, and landmen who have extensive experience in the region or basin where they work. the denver, colorado, headquarters provides financial and administrative support for the regional operations. at sm energy, we also take seriously the manner in which we conduct our