KPIs & Operating Metrics(New)
Growth Metrics

SM Energy (SM) Free Cash Flow (2016 - 2026)

SM Energy has reported Free Cash Flow over the past 17 years, most recently at $235.6 million for Q4 2025.

  • Quarterly Free Cash Flow rose 132.2% to $235.6 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $573.0 million through Dec 2025, up 21.4% year-over-year, with the annual reading at $573.0 million for FY2025, 21.4% up from the prior year.
  • Free Cash Flow was $235.6 million for Q4 2025 at SM Energy, up from $107.3 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $880.2 million in Q4 2022 and troughed at -$731.8 million in Q4 2024.
  • The 5-year median for Free Cash Flow is $213.8 million (2022), against an average of $234.0 million.
  • Year-over-year, Free Cash Flow surged 833.64% in 2021 and then crashed 253.92% in 2024.
  • A 5-year view of Free Cash Flow shows it stood at -$236.3 million in 2021, then skyrocketed by 472.46% to $880.2 million in 2022, then plummeted by 45.99% to $475.4 million in 2023, then crashed by 253.92% to -$731.8 million in 2024, then soared by 132.2% to $235.6 million in 2025.
  • Per Business Quant, the three most recent readings for SM's Free Cash Flow are $235.6 million (Q4 2025), $107.3 million (Q3 2025), and $161.0 million (Q2 2025).