SM Energy annual free cash flow
2008
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2022
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2024
2025
SM Energy Free Cash Flow (FCF) History (SM)
SM Energy reported $573.0M in free cash flow for fiscal 2025, an increase of 21.40% from the previous fiscal year, with a free cash flow margin of 18.26%.
View full SM Energy company overviewSM Energy free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $573.0M | $101.0M | +21.40% | +18.26% |
| 2024 | 2024-12-31 | $472.0M | −$113.0M | −19.32% | +17.67% |
| 2023 | 2023-12-31 | $585.0M | −$221.5M | −27.46% | +24.75% |
| 2022 | 2022-12-31 | $806.5M | $321.5M | +66.31% | +24.10% |
| 2021 | 2021-12-31 | $484.9M | $241.8M | +99.43% | +18.67% |
| 2020 | 2020-12-31 | $243.2M | $443.4M | — | +21.59% |
| 2019 | 2019-12-31 | −$200.2M | $172.8M | — | −12.63% |
| 2017 | 2017-12-31 | −$373.0M | −$295.9M | — | −29.75% |
| 2016 | 2016-12-31 | −$77.1M | $425.7M | — | −6.33% |
| 2015 | 2015-12-31 | −$502.8M | $15.4M | — | −32.29% |
| 2014 | 2014-12-31 | −$518.2M | −$303.2M | — | −20.55% |
| 2013 | 2013-12-31 | −$215.0M | $370.8M | — | −9.38% |
| 2012 | 2012-12-31 | −$585.9M | $286.7M | — | −38.92% |
| 2011 | 2011-12-31 | −$872.6M | −$701.4M | — | −54.42% |
| 2010 | 2010-12-31 | −$171.2M | −$228.0M | — | −15.66% |
| 2009 | 2009-12-31 | $56.9M | $124.2M | — | +6.83% |
| 2008 | 2008-12-31 | −$67.4M | — | — | −5.18% |
SM Energy quarterly free cash flow
Q3.09
Q1.10
Q2.10
Q3.10
Q4.10
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Q2.11
Q3.11
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Q1.12
Q2.12
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Q1.13
Q2.13
Q3.13
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Q4.14
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Q4.15
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Q2.16
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Q3.17
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Q3.18
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Q4.19
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Q2.20
Q3.20
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Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
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Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $349.0M | $188.0M | +116.77% | +16.19% |
| Q1 2026 | 2026-03-31 | $85.0M | $16.0M | +23.19% | +5.75% |
| Q4 2025 | 2025-12-31 | $235.6M | $11.1M | +4.96% | +33.57% |
| Q3 2025 | 2025-09-30 | $107.4M | −$42.8M | −28.51% | +13.24% |
| Q2 2025 | 2025-06-30 | $161.0M | $7.3M | +4.75% | +20.51% |
| Q1 2025 | 2025-03-31 | $69.0M | $125.4M | — | +8.21% |
| Q4 2024 | 2024-12-31 | $224.5M | −$29.4M | −11.57% | +26.87% |
| Q3 2024 | 2024-09-30 | $150.2M | −$16.1M | −9.70% | +23.37% |
| Q2 2024 | 2024-06-30 | $153.7M | $79.8M | +107.93% | +24.26% |
| Q1 2024 | 2024-03-31 | −$56.4M | −$147.3M | — | −10.07% |
| Q4 2023 | 2023-12-31 | $253.9M | $253.6M | +88358.89% | +41.83% |
| Q3 2023 | 2023-09-30 | $166.3M | −$121.0M | −42.12% | +25.99% |
| Q2 2023 | 2023-06-30 | $73.9M | −$253.0M | −77.39% | +13.52% |
| Q1 2023 | 2023-03-31 | $90.9M | −$101.0M | −52.64% | +15.93% |
| Q4 2022 | 2022-12-31 | $287,000 | −$304.8M | −99.91% | +0.04% |
| Q3 2022 | 2022-09-30 | $287.3M | $139.2M | +94.06% | +34.71% |
| Q2 2022 | 2022-06-30 | $327.0M | $253.2M | +343.11% | +33.01% |
| Q1 2022 | 2022-03-31 | $192.0M | $233.9M | — | +22.35% |
| Q4 2021 | 2021-12-31 | $305.1M | $176.2M | +136.75% | +35.79% |
| Q3 2021 | 2021-09-30 | $148.0M | $56.0M | +60.82% | +19.48% |
| Q2 2021 | 2021-06-30 | $73.8M | $130.3M | — | +13.12% |
| Q1 2021 | 2021-03-31 | −$41.9M | −$120.8M | — | −9.91% |
| Q4 2020 | 2020-12-31 | $128.9M | $122.0M | +1779.95% | +40.25% |
| Q3 2020 | 2020-09-30 | $92.0M | $101.4M | — | +32.64% |
| Q2 2020 | 2020-06-30 | −$56.6M | $10.3M | — | −33.31% |
| Q1 2020 | 2020-03-31 | $78.8M | $209.7M | — | +22.25% |
| Q4 2019 | 2019-12-31 | $6.9M | $86.5M | — | +1.53% |
| Q3 2019 | 2019-09-30 | −$9.4M | $241.1M | — | −2.40% |
| Q2 2019 | 2019-06-30 | −$66.9M | $94.5M | — | −16.43% |
| Q1 2019 | 2019-03-31 | −$130.8M | −$12.2M | — | −38.43% |
| Q3 2018 | 2018-09-30 | −$79.6M | $50.1M | — | −17.37% |
| Q2 2018 | 2018-06-30 | −$250.4M | −$145.2M | — | −62.21% |
| Q1 2018 | 2018-03-31 | −$161.4M | −$142.0M | — | −42.15% |
| Q4 2017 | 2017-12-31 | −$118.6M | −$119.3M | — | −25.46% |
| Q3 2017 | 2017-09-30 | −$129.7M | −$140.7M | — | −44.06% |
| Q2 2017 | 2017-06-30 | −$105.2M | −$74.6M | — | −87.14% |
| Q1 2017 | 2017-03-31 | −$19.4M | $38.7M | — | −5.21% |
| Q4 2016 | 2016-12-31 | $675,000 | $26.5M | — | +0.18% |
| Q3 2016 | 2016-09-30 | $10.9M | $63.3M | — | +3.10% |
| Q2 2016 | 2016-06-30 | −$30.6M | $133.0M | — | −8.95% |
| Q1 2016 | 2016-03-31 | −$58.1M | $202.9M | — | −40.60% |
| Q4 2015 | 2015-12-31 | −$25.8M | $249.7M | — | −8.49% |
| Q3 2015 | 2015-09-30 | −$52.4M | $126.9M | — | −14.12% |
| Q2 2015 | 2015-06-30 | −$163.6M | −$152.4M | — | −31.69% |
| Q1 2015 | 2015-03-31 | −$261.0M | −$208.8M | — | −71.34% |
| Q4 2014 | 2014-12-31 | −$275.5M | −$180.9M | — | −46.24% |
| Q3 2014 | 2014-09-30 | −$179.3M | −$196.5M | — | −28.98% |
| Q2 2014 | 2014-06-30 | −$11.2M | $27.5M | — | −1.66% |
| Q1 2014 | 2014-03-31 | −$52.2M | $46.7M | — | −8.25% |
| Q4 2013 | 2013-12-31 | −$94.5M | $18.2M | — | −14.85% |
| Q3 2013 | 2013-09-30 | $17.2M | $195.2M | — | +2.80% |
| Q2 2013 | 2013-06-30 | −$38.7M | $109.4M | — | −6.93% |
| Q1 2013 | 2013-03-31 | −$98.9M | $48.1M | — | −20.42% |
| Q4 2012 | 2012-12-31 | −$112.7M | $168.0M | — | −25.36% |
| Q3 2012 | 2012-09-30 | −$178.1M | $121.4M | — | −47.00% |
| Q2 2012 | 2012-06-30 | −$148.1M | −$8.7M | — | −48.66% |
| Q1 2012 | 2012-03-31 | −$147.0M | $6.0M | — | −38.94% |
| Q4 2011 | 2011-12-31 | −$280.7M | −$179.8M | — | −73.96% |
| Q3 2011 | 2011-09-30 | −$299.5M | −$263.6M | — | −56.44% |
| Q2 2011 | 2011-06-30 | −$139.4M | −$83.5M | — | −36.89% |
| Q1 2011 | 2011-03-31 | −$153.0M | −$174.5M | — | −48.52% |
| Q4 2010 | 2010-12-31 | −$100.9M | −$135.5M | — | −34.29% |
| Q3 2010 | 2010-09-30 | −$35.8M | — | — | −15.80% |
| Q2 2010 | 2010-06-30 | −$55.9M | — | — | −26.42% |
| Q1 2010 | 2010-03-31 | $21.4M | — | — | +5.96% |
| Q3 2009 | 2009-09-30 | $34.7M | — | — | +18.65% |
SM Energy free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $243.2M to $573.0M, a compound annual growth rate of 18.70%. SM Energy's latest reported quarter, Q2 2026, generated $349.0M in free cash flow, an increase of 116.77% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review SM Energy filings at SEC.gov ↗