# EDGAR Filing Document

**Accession Number:** 0000893538
**File Stem:** 0000893538-25-000123
**Filing Date:** 2025-9
**Character Count:** 23991
**Document Hash:** 00713f1671fc1f811f58f377b483d73b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000893538-25-000123.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0000893538-25-000123

**CONFORMED SUBMISSION TYPE**: SD

**PUBLIC DOCUMENT COUNT**: 13

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SM Energy Co
- **CENTRAL INDEX KEY:** 0000893538
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 410518430
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SD
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31539
- **FILM NUMBER:** 251344107

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 LINCOLN STREET
- **STREET 2:** SUITE 3200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80203
- **BUSINESS PHONE:** 303-861-8140

**MAIL ADDRESS:**
- **STREET 1:** 1700 LINCOLN STREET
- **STREET 2:** SUITE 3200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ST MARY LAND & EXPLORATION CO
- **DATE OF NAME CHANGE:** 19940228

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM SD**

**SPECIALIZED DISCLOSURE REPORT**

**SM Energy Company**

(Exact name of registrant as specified in its Charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-31539** | **41-0518430** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| **1700 Lincoln Street, Suite 3200** | | **80203** |
| **Denver, Colorado** | | (Zip Code) |
| (Address of principal executive offices) | | |

---

**Alan Bennett, Vice President - Controller**

**(303) 861-8140**

(Name and telephone number, including area code, of the person to contact in connection with this report.)

Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:

☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2024.

☑ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2024.

------

**Section 2 - Resource Extraction Issuer Disclosure**

**Item 2.01 &nbsp;&nbsp;&nbsp;&nbsp;Resource Extraction Issuer Disclosure and Report**

*Disclosure of Payments by Resource Extraction Issuers*

The specified payment disclosure required by this Form SD is included in Exhibit 2.01 hereto.

**Section 3 - Exhibits**

**Item 3.01 &nbsp;&nbsp;&nbsp;&nbsp;Exhibits**

---

| | |
|:---|:---|
| **<u>Exhibit Number</u>** | **<u>Description</u>** |
| <u>[2.01](sm-20241231.htm)</u> | <u>[Resource Extraction Payment Report as required by Item 2.01 of this Form.](sm-20241231.htm)</u> |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | | SM ENERGY COMPANY |
| Date: | September 25, 2025 | By: | <u>/s/ ALAN D. BENNETT</u> |
|  |  |  | Alan D. Bennett |
|  |  |  | Vice President - Controller |
|  |  |  | (Principal Accounting Officer) |

---

## Exhibit 2.01

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

## Exhibit 2.01

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  <xs:element id="sm_BureauOfLandManagementMember" abstract="true" name="BureauOfLandManagementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="sm_OilAndNaturalGasMember" abstract="true" name="OilAndNaturalGasMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="sm_ExplorationAndProductionSegmentMember" abstract="true" name="ExplorationAndProductionSegmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
</xs:schema>
</XBRL>

```

## Exhibit 99.1

**Exhibit 2.01**

**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** <sup>(1)</sup> | **For the year ended December 31, 2024** <sup>(1)</sup> | **For the year ended December 31, 2024** <sup>(1)</sup> | **For the year ended December 31, 2024** <sup>(1)</sup> | **For the year ended December 31, 2024** <sup>(1)</sup> | **For the year ended December 31, 2024** <sup>(1)</sup> | **For the year ended December 31, 2024** <sup>(1)</sup> | **For the year ended December 31, 2024** <sup>(1)</sup> | **For the year ended December 31, 2024** <sup>(1)</sup> | **For the year ended December 31, 2024** <sup>(1)</sup> |
| | | | | | | | **Payment Types** | **Payment Types** | **Payment Types** |
|<br>**Country** |<br>**Government / Payee Name** |<br>**Subnational Political Jurisdiction** |<br>**Project** |<br>**Resource** |<br>**Method of Extraction** |<br>**Business Segment** | **Royalties** | **Fees** | **Total** |
| | | | | | | | **(in thousands)** | **(in thousands)** | **(in thousands)** |
| United States | Office of Natural Resources Revenue | Utah | Uinta Basin | Oil and Natural Gas | Wells | Exploration and Production Segment | $3796 | $4 | $**3800** |
| United States | Bureau of Land Management | Utah | Uinta Basin | Oil and Natural Gas | Wells | Exploration and Production Segment |  | 413 | **413** |
| **Total Payments** |  |  |  |  |  |  | $**3796** | $**417** | $**4213** |

---

____________________________________________

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

<sup>(1)</sup> 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.

<br>