SM ENERGY PUBLISHES UPDATED SUSTAINABILITY DISCLOSURES

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SM Energy Company (NYSE: SM) has released its updated environmental, social, and governance (ESG) materials for 2024, available on their website. The publications include a CEO letter, performance highlights, sustainability report, and disclosures aligned with SASB and TCFD frameworks.

Key 2023 performance metrics showcase:

• Exceptional safety records with low incident rates
• Progress towards 2023 and 2030 emissions targets
• Improved water management practices
• High employee engagement scores

CEO Herb Vogel emphasized the company's dedication to safety, environmental stewardship, and a corporate culture fostering integrity, innovation, and professional growth. The disclosures reflect SM Energy's ongoing commitment to sustainable practices and transparent reporting.

DENVER, Oct. 21, 2024 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announced the publication of its updated environmental, social and governance ("ESG") materials, all of which are available on the Company's website at www.sm-energy.com/sustainability. Updated publications include:

• Letter from our CEO to Stakeholders;
• Performance Highlights and Quick Reference Metrics, which reports 2023 data;
• 2024 Corporate Sustainability Report;
• 2024 Sustainability Accounting Standards Board Report, which reports 2023 data; and
• 2024 Task Force on Climate-related Disclosures framework, which reports 2023 data.

Performance for 2023 demonstrated exceptional safety, stewardship and employee engagement metrics including:

• Superior safety performance shown by TRIR, LTIR and DART incidents per 200,000 man-hours at 0.20, 0.00 and 0.04, respectively, for SM Energy and contractor employees combined;
• Meeting our 2023, and on track to meet our 2030, emissions targets for GHG intensity, methane intensity and flaring;
• Improving water metrics by significantly recycling more produced water and reducing our freshwater intensity; and
• Completing an employee engagement survey that resulted in particularly high scores for senior leaders creating a culture of health and safety, company-wide commitment to safe and responsible operations, and employee trust in the executive leaders and the direction of the Company.

Chief Executive Officer Herb Vogel comments: "Our 2024 sustainability disclosures reflect SM Energy's commitment to safety and environmental stewardship along with our corporate culture that emphasizes integrity, encourages innovation and promotes professional development. Please enjoy these publications."

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 states of Texas and Utah. 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 CONTACT

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

Lindsay Miller, lmiller@sm-energy.com, 303-830-5860

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SOURCE SM Energy Company

FAQ

What ESG materials did SM Energy (SM) publish in 2024?

SM Energy (SM) published updated ESG materials in 2024, including a CEO letter, performance highlights, 2024 Corporate Sustainability Report, 2024 SASB Report, and 2024 TCFD framework disclosure, all reporting 2023 data.

How did SM Energy (SM) perform in safety metrics for 2023?

SM Energy (SM) demonstrated superior safety performance in 2023, with combined employee and contractor TRIR at 0.20, LTIR at 0.00, and DART at 0.04 incidents per 200,000 man-hours.

What progress has SM Energy (SM) made towards its emissions targets?

SM Energy (SM) reported meeting its 2023 emissions targets and being on track to meet its 2030 targets for GHG intensity, methane intensity, and flaring.

How has SM Energy (SM) improved its water management practices?

SM Energy (SM) significantly improved its water metrics by recycling more produced water and reducing freshwater intensity in 2023.

What were the key findings from SM Energy's (SM) employee engagement survey?

SM Energy's (SM) employee engagement survey revealed high scores for leadership creating a safety culture, company-wide commitment to responsible operations, and employee trust in executive leadership and company direction.