SM Energy (SM) Free Cash Flow (2009 - 2026)

SM Energy's (SM) quarterly Free Cash Flow came in at $85.0 million in Q1 2026, up 23.19% year-on-year from $69.0 million in Q1 2025, and down 80.66% on a QoQ basis from $439.4 million in Q4 2025.

SM Energy (SM) Free Cash Flow (2009 - 2026) Analysis & Trends

SM Energy (SM) has 18 years of Free Cash Flow data on file, last reported at $85.0 million in Q1 2026.

  • On a quarterly basis, Free Cash Flow rose 23.19% year-over-year to $85.0 million in Q1 2026; TTM through Mar 2026 was $2.0 billion, a 652.07% increase from a year earlier, with the FY2025 full-year figure at $2.0 billion, up 318.86% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $85.0 million, down from $439.4 million in the prior quarter.
  • Over the last five years, Free Cash Flow for SM reached as high as $970.2 million in Q2 2025 and fell as low as -$731.8 million in Q4 2024.
  • Historically, Free Cash Flow has averaged $334.4 million across 5 years, with a median of $362.5 million in 2023.
  • Across the five-year window, Free Cash Flow jumped 998.98% in 2022 and plunged 253.92% in 2024, its largest moves.
  • Year by year, Free Cash Flow stood at $880.2 million in 2022, then tumbled by 45.99% to $475.4 million in 2023, then plunged by 253.92% to -$731.8 million in 2024, then jumped by 160.05% to $439.4 million in 2025, then plunged by 80.66% to $85.0 million in 2026.
  • Per Business Quant data, the three most recent Free Cash Flow figures were $85.0 million in Q1 2026, $439.4 million in Q4 2025, and $498.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 1.35 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - 2.81 Bn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 895.00 Mn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn -273.00 Mn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 397.84 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 162.01 Mn
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 816.00 Mn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 1.70 Bn
10 SM Energy 6.05 Bn 5.40 Bn 1.05 Bn 85.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 85.00 Mn
Mar 31, 2026 85.00 Mn
Dec 31, 2025 439.42 Mn
Dec 31, 2025 439.42 Mn
Sep 30, 2025 498.38 Mn
Sep 30, 2025 498.38 Mn
Jun 30, 2025 970.21 Mn
Jun 30, 2025 970.21 Mn
Mar 31, 2025 69.00 Mn
Mar 31, 2025 69.00 Mn
Dec 31, 2024 -731.81 Mn
Dec 31, 2024 -731.81 Mn
Sep 30, 2024 451.43 Mn
Sep 30, 2024 451.43 Mn
Jun 30, 2024 476.39 Mn
Jun 30, 2024 476.39 Mn
Mar 31, 2024 276.00 Mn
Mar 31, 2024 276.00 Mn
Dec 31, 2023 475.44 Mn
Dec 31, 2023 475.44 Mn