SM Energy (SM) Free Cash Flow (2009 - 2026)
SM Energy (SM) reported Free Cash Flow of $349 million for Q2 2026, up 116.8% from $161 million a year earlier and up 310.6% from the prior quarter.
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Analysis
SM Energy (SM) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, SM Energy's Free Cash Flow came in at $777 million; for FY2025, it came in at $573 million.
- Free Cash Flow has a five-year compound annual growth rate of 18.7% (FY2020 to FY2025).
- By year, Free Cash Flow came in at -$321 million in FY2024, $585 million in FY2023 (-27.5%), $806.47 million in FY2022 (+66.3%) and $484.93 million in FY2021 (+99.4%).
- The Q2 2026 figure ranks as the highest quarterly Free Cash Flow in data going back to Q3 2009.
- Year over year, Free Cash Flow gained in three of the last five quarters, with growth averaging 21.3%.
- The high point for year-over-year Free Cash Flow in five years was Q2 2022 (growth of 343.1%); the low point was Q4 2022 (a decline of 99.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $85 million (Q1 2026), $235.65 million (Q4 2025) and $107.35 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 25.67 Bn |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 18.10 Bn |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | 16.11 Bn |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | 4.96 Bn |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 4.41 Bn |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | 6.60 Bn |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 6.53 Bn |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | 4.93 Bn |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 4.31 Bn |
| 10 | SM Energy | 8.03 Bn | 6.43 Bn | 1.94 Bn | 349.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 349.00 Mn |
| Mar 31, 2026 | 85.00 Mn |
| Dec 31, 2025 | 235.65 Mn |
| Sep 30, 2025 | 107.35 Mn |
| Jun 30, 2025 | 161.00 Mn |
| Mar 31, 2025 | 69.00 Mn |
| Dec 31, 2024 | -568.49 Mn |
| Sep 30, 2024 | 150.16 Mn |
| Jun 30, 2024 | 153.70 Mn |
| Mar 31, 2024 | -56.37 Mn |
| Dec 31, 2023 | 253.88 Mn |
| Sep 30, 2023 | 166.28 Mn |
| Jun 30, 2023 | 73.92 Mn |
| Mar 31, 2023 | 90.92 Mn |
| Dec 31, 2022 | 287,000.00 |
| Sep 30, 2022 | 287.27 Mn |
| Jun 30, 2022 | 326.95 Mn |
| Mar 31, 2022 | 191.97 Mn |
| Dec 31, 2021 | 305.05 Mn |
| Sep 30, 2021 | 148.03 Mn |
API Access
SM Energy Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=SM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "SM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=SM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();