Superworth

SM Energy free cash flow SM

Cash from operations less capital spending, by quarter and over the last twelve months, from 2009.

Last 12 months, to Dec 31, 2025
$2B
Latest quarter, Q4 FY25
$439.4M
Fiscal year 2025
$2B

SM Energy's free cash flow was $2B over the twelve months to Dec 31, 2025.

In its latest quarter, Q4 FY25, it was $439.4M.

Free cash flow over time

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearFree cash flowChange
FY2025$2Bn/a
FY2024−$321.2Mn/a
FY2023n/an/a
FY2022n/an/a
FY2021n/an/a
FY2020n/an/a
FY2019n/an/a
FY2018$687.4M+62%
FY2017$425.5Mn/a
FY2016−$1.6B−268%
FY2015$970.4M+6%
FY2014$912Mn/a
FY2013n/an/a
FY2012n/an/a
FY2011n/an/a

Each fiscal year is the twelve months to its fourth quarter.

Quarter by quarter

QuarterEndedFree cash flowOn a year earlierLast 12 months
Q4 FY25$439.4Mn/a$2B
Q3 FY25$498.4M+10%$12.6M
Q2 FY25$571.1M+20%−$34.3M
Q1 FY25$468.1M+70%−$129.1M
Q4 FY24−$1.5B−420%−$321.2M
Q3 FY24$451.4M+25%$1.7B
Q2 FY24$476.4Mn/a$1.6B
Q1 FY24$276Mn/an/a
Q4 FY23$475.9M+65%n/a
Q3 FY23$362.5M−29%n/a
Q4 FY22$288.4M−33%n/a
Q3 FY22$513.4Mn/an/a

Against its peers

Companies in Oil & Gas Exploration & Production nearest SM Energy's size, closest first, today.

CompanyFree cash flow yield
SMSM Energyn/m
CHRDChord Energyn/m
RRCRange Resources6.8%
MTDRMatador Resources35.0%
ARANTERO RESOURCES15.9%
MURMurphy Oil23.8%
MGYMagnolia Oil & Gas8.8%
LBLandBridge Co LLC2.5%
CNXCNX Resources9.7%
VNOMViper Energyn/m
APAAPAn/m
Peer median9.7%

What the free cash flow tells you

Cash from operations minus capital spending. The cash the company could hand back or reinvest.

Seasonal and lumpy quarter to quarter. The TTM view is the one to trust.

More on SM Energy

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.