SM Energy (SM) Free Cash Flow (2009 - 2026)
SM Energy (SM) reported Free Cash Flow of $411 million for Q3 2026, up 284.1% from $107 million a year earlier and up 17.8% from the prior quarter.
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Analysis
SM Energy (SM) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, SM Energy's Free Cash Flow came in at $1.05 billion; for FY2025, it came in at $539 million.
- Free Cash Flow has a five-year compound annual growth rate of 17.3% (FY2020 to FY2025).
- By year, Free Cash Flow came in at -$1.63 billion in FY2024, $475 million in FY2023 (-41.1%), $806.47 million in FY2022 (+67.5%) and $481.61 million in FY2021 (+98.1%).
- The Q3 2026 figure ranks as the highest quarterly Free Cash Flow in data going back to Q1 2009.
- Year over year, Free Cash Flow has now increased in each of the last three quarters, with growth averaging 80.1% over the last five quarters.
- 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 Q3 2026 came in at $349 million (Q2 2026), $85 million (Q1 2026) and $202 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 18.47 Bn |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 21.04 Bn |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 12.00 Bn |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 19.84 Bn |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 5.01 Bn |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 4.06 Bn |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 10.42 Bn |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 6.34 Bn |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 6.60 Bn |
| 10 | SM Energy | 7.71 Bn | 5.83 Bn | 1.60 Bn | 411.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 411.00 Mn |
| Jun 30, 2026 | 349.00 Mn |
| Mar 31, 2026 | 85.00 Mn |
| Dec 31, 2025 | 202.00 Mn |
| Sep 30, 2025 | 107.00 Mn |
| Jun 30, 2025 | 161.00 Mn |
| Mar 31, 2025 | 69.00 Mn |
| Dec 31, 2024 | -1.88 Bn |
| Sep 30, 2024 | 149.32 Mn |
| Jun 30, 2024 | 153.70 Mn |
| Mar 31, 2024 | -56.37 Mn |
| Dec 31, 2023 | 253.20 Mn |
| Sep 30, 2023 | 145.80 Mn |
| Jun 30, 2023 | -14.92 Mn |
| Mar 31, 2023 | 90.92 Mn |
| Dec 31, 2022 | 287,000.00 |
| Sep 30, 2022 | 287.26 Mn |
| Jun 30, 2022 | 326.95 Mn |
| Mar 31, 2022 | 191.97 Mn |
| Dec 31, 2021 | 301.73 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();