Transformational Combination Delivering Superior Stockholder Value NYSE: SM | SM-Energy.com NYSE: CIVI | CivitasResources.com November 3, 2025 Disclaimer Forward-looking statements represent management's current expectations and are inherently uncertain and are made only as of the date hereof. Except as required by law, neither SM Energy nor Civitas undertakes or assumes any obligation to update any forward-looking statements, whether as a result of new information or to reflect subsequent events or circums ...