SM Energy Co.

Oil & Gas E&P • Energy • Denver, CO, United States • SM (NYQ)

303 861 8140 1700 Lincoin Street, Denver, CO 80203, United States

Quarter: Q4 2025 Reported: November 3, 2025 Sentiment: Neutral

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St. Mary Land & Exploration Company and changed its name to SM Energy Company in May 2010. SM Energy Company was founded in 1908 and is headquartered in Denver, Colorado.

Analysis Summary

The provided transcript for SM Energy Co's Q4 2025 earnings call (referencing Q3 2025 results) primarily serves as a procedural announcement. It confirms the issuance of a press release detailing Q3 2025 financial results and an operational update, along with the rescheduling and holding of a conference call on November 3, 2025. However, the transcript explicitly states that the detailed financial performance, including revenue, net income, EPS, guidance, strategic initiatives, competitive positioning, risk factors, or management commentary, is not contained within this document. Therefore, a comprehensive analysis of SM Energy's financial performance, strategic direction, or market outlook for Q3 2025 cannot be derived from this text. The full details are referenced as Exhibit 99.1 in the press release.

Key Highlights

• SM Energy Co announced Q3 2025 financial results.
• An operational update for Q3 2025 was provided.
• A conference call was held on November 3, 2025, to discuss results.
• The original conference call on November 5, 2025, was cancelled and replaced.
• Detailed financial and operational data is not included in this transcript, requiring external reference.