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

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

  • Free Cash Flow for Q1 2026 came in at $85.0 million, up 23.19% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.0 billion (up 652.07% YoY), and the FY2025 annual result was $2.0 billion, up 318.86% from the prior year.
  • Free Cash Flow fell to $85.0 million in Q1 2026 per SM's latest filing, from $439.4 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $970.2 million in Q2 2025 and troughed at -$591.6 million in Q4 2022.
  • A 5-year average of $230.9 million and a median of $276.0 million in 2024 frame the typical range for Free Cash Flow.
  • On a YoY basis, Free Cash Flow climbed as much as 203.55% in 2024 and fell as far as 239.28% in 2024.
  • A 5-year view of Free Cash Flow shows it stood at -$591.6 million in 2022, then jumped by 31.78% to -$403.6 million in 2023, then soared by 155.63% to $224.5 million in 2024, then soared by 95.72% to $439.4 million in 2025, then tumbled 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - -1.81 Bn
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn 1.53 Bn
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 1.35 Bn
4 Eog Resources 72.93 Bn 69.08 Bn - 2.81 Bn
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 1.26 Bn
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 895.00 Mn
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 85.67 Mn
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 2.46 Bn
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn -98.14 Bn
10 SM Energy 6.19 Bn 5.54 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 224.51 Mn
Dec 31, 2024 224.51 Mn
Sep 30, 2024 -504.90 Mn
Sep 30, 2024 -504.90 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 -403.56 Mn
Dec 31, 2023 -403.56 Mn