Specialized Disclosure Report (Form SD)

Resource Extraction Payment Report

The table below sets forth payments made by SM Energy Company (the "Company") to the U.S. Federal Government for the commercial development of oil and natural gas. The Company did not make any payments to foreign governments during the year ended December 31, 2024.

For the year ended December 31, 2024 (1)

Payment Types

Country

Government / Payee Name

Subnational Political Jurisdiction

Project

Resource

Method of Extraction

Business Segment

Royalties

Fees

Total

(in thousands)

United States

Office of Natural Resources Revenue

Utah

Uinta Basin

Oil and Natural Gas

Wells

Exploration and Production Segment

$

3,796

$

4

$

3,800

United States

Bureau of Land Management

Utah

Uinta Basin

Oil and Natural Gas

Wells

Exploration and Production Segment

-

413

413

Total Payments

$

3,796

$

417

$

4,213

____________________________________________

Note: All payments were made in USD, the Company's reporting currency.

(1) The Company acquired its Uinta Basin assets on October 1, 2024; therefore, the payments presented relate to the period from October 1, 2024, through December 31, 2024. These payments were made by the seller of the Uinta Basin assets, on behalf of the Company, pursuant to a transition services agreement.