SM Energy Co

Crude Petroleum & Natural Gas·DENVER, CO·FY end 12/31·CIK 893538

CEO Pay Ratio

39:1

Elizabeth A. McDonald

CEO Total Comp

$4.5M

Elizabeth A. McDonald

Median Employee

$128,500

Revenue

$3.2B

FY 2025

Net Income

$648.0M

FY 2025

Free Cash Flow

—

FY 2025

Net Margin

20.5%

Insider Net (180d)

0 buys / 0 sales

CEO Pay Accountability

CEO comp as % of net income

0.69%

For every $1,000 of profit, $6.91 flows to the CEO.

CEO comp as % of buybacks

34.42%

CEO comp equals 344.2‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$3.2B	$2.7B	$2.4B	$3.4B	$2.6B
Gross Profit	—	—	—	—	—	—
Operating Income	$1.0B	$1.1B	$986.9M	$1.6B	$209.1M
Net Income	$648.0M	$770.3M	$817.9M	$1.1B	$36.2M
Operating CF	$2.0B	$1.8B	$1.6B	$1.7B	$1.2B
Capex	—	—	—	—	—	—
Free Cash Flow	—	—	—	—	—	—
Buybacks	$13.0M	$86.1M	$228.1M	$57.2M	—
Dividends	$92.0M	$85.0M	$71.6M	$19.6M	$2.4M

Gross Margin	—	—	—	—	—	—
Operating Margin	31.7%	40.0%	41.6%	47.0%	8.0%
Net Margin	20.5%	28.6%	34.5%	33.1%	1.4%
FCF Margin	—	—	—	—	—	—
R&D / Revenue	—	—	—	—	—	—
Effective Tax	21.9%	20.3%	10.5%	20.3%	21.5%
Debt / Equity	—	—	—	—	1.01	—
Buybacks / FCF	—	—	—	—	—	—

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Herbert S. VogelFormer President, Chief Executive Officer and Director	$889.3K	$5.5M	—	$992.4K	$496.9K	$7.9M
Elizabeth A. McDonaldPresident, Chief Executive Officer and Director	$576.4K	$2.3M	—	$1.4M	$187.8K	$4.5M
A. Wade PursellExecutive Vice President and Chief Financial Officer	$582.0K	$2.5M	—	$541.2K	$236.9K	$3.9M
James B. LebeckExecutive Vice President - Chief Corporate Development Officer, General Counsel and Corporate Secretary	$462.5K	$1.7M	—	$344.1K	$48.3K	$2.6M
Kenneth J. KnottAdvisor, Former Senior Vice President - Business Development and Land	$413.4K	$800.0K	—	$288.3K	$240.3K	$1.7M