News Release EXHIBIT 99.1 SM ENERGY REPORTS FIRST QUARTER 2024 RESULTS; EXCELLENT OPERATIONAL EXECUTION BOOSTS BOTTOM LINE RESULTS AND SUPPORTS HIGHER PRODUCTION, LOWER CAPITAL GUIDANCE DENVER, CO May 2, 2024 - SM Energy Company (the “Company”) (NYSE: SM) today announced operating and financial results for the first quarter 2024 and provided certain full year and second quarter 2024 guidance. Excellent operational execution drove a great start to 2024. First quarter 2024 highlights include: • Net production ...