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| Date | Value |
|---|---|
| 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 |