SM Energy (SM) Free Cash Flow (2009 - 2026)
SM Energy (SM) posted quarterly Free Cash Flow of $85.0 million for Q1 2026, up 23.19% year-over-year from $69.0 million in Q1 2025, and down 80.66% quarter-over-quarter from $439.4 million in Q4 2025.
SM Energy (SM) Free Cash Flow (2009 - 2026) Analysis & Trends
SM Energy (SM) has reported Free Cash Flow for 18 consecutive years, with $85.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow rose 23.19% year-over-year to $85.0 million; the TTM figure through Mar 2026 stood at $2.0 billion (up 652.07% YoY), while the FY2025 annual figure was $2.0 billion, up 318.86% from the prior year.
- Free Cash Flow eased to $85.0 million in Q1 2026 per SM's latest filing, from $439.4 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $970.2 million in Q2 2025 and bottomed at -$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.
- Annual changes were most pronounced in 2022 — Free Cash Flow soared 998.98% — and 2024, when it slumped 253.92%.
- SM Energy's 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 surged by 160.05% to $439.4 million in 2025, then plunged by 80.66% to $85.0 million in 2026.
- Business Quant data shows SM's Free Cash Flow at $85.0 million in Q1 2026, $439.4 million in Q4 2025, and $498.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 4.41 Bn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 1.72 Bn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 3.03 Bn |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 2.59 Bn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 2.36 Bn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 3.50 Bn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 397.84 Mn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 70.05 Mn |
| 10 | SM Energy | 8.90 Bn | 8.13 Bn | 1.94 Bn | 349.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 349.00 Mn |
| Jun 30, 2026 | 349.00 Mn |
| 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 |