SM Energy Company (SM) quarterly cash flow statement — complete operating, investing & financing history
SM Energy Company (SM) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 1.74B | 640M | 451.91M | 504.96M | 571.14M | 483M | 577.87M | 452.26M | 476.38M | 276M | 476.51M | 382.99M | 383.25M | 331.63M | 288.38M | 513.37M | 542.57M | 342.09M | 429.63M | 328.12M |
| Operating CF Margin % | 69.72% | 43.27% | 62.91% | 62.26% | 72.75% | 57.53% | 69.13% | 70.4% | 75.2% | 49.32% | 78.52% | 59.87% | 70.12% | 58.1% | 43.09% | 62.03% | 54.78% | 39.84% | 50.25% | 43.16% |
| Operating CF Growth % | 205.18% | 32.51% | -21.8% | 11.65% | 19.89% | 75% | 21.27% | 18.09% | 24.3% | -16.78% | 65.24% | -25.4% | -29.36% | -3.06% | -32.88% | 56.46% | 83.05% | 223.88% | 67.26% | 62.75% |
| Net Income | 736M | -335M | 108.98M | 155.09M | 201.66M | 182M | 188.28M | 240.52M | 210.29M | 131.2M | 247.11M | 222.34M | 149.87M | 198.55M | 258.46M | 481.24M | 323.49M | 48.76M | 424.9M | 85.59M |
| Depreciation & Amortization | 1.02B | 432M | 318.74M | 325.37M | 292.99M | 270M | 260.52M | 202.94M | 179.65M | 166.19M | 108.6M | 189.35M | 157.83M | 0 | -313.7M | 145.87M | 154.82M | 159.48M | 200.01M | 202.7M |
| Stock-Based Compensation | 36M | 25M | 8.04M | 8.12M | 5.75M | 7M | 7.63M | 6.59M | 5.79M | 5.02M | 5.73M | 6.04M | 4.16M | 4.32M | 4.91M | 5.11M | 4.48M | 4.27M | 4.63M | 4.5M |
| Deferred Taxes | 231M | -85M | 32.85M | 75.69M | 43.2M | 26M | 58.46M | 45.62M | 43.52M | 27.39M | 45.09M | -51.08M | 44.28M | 49.97M | 66.06M | 110.05M | 81M | 11.95M | 9.85M | -68K |
| Other Non-Cash Items | -135M | 634M | -45.56M | -6.74M | -41.73M | 30M | 296.86M | -75.44M | -13.08M | 381.29M | 17.21M | 69.23M | 5.32M | 105.01M | 331.47M | -325.41M | -225.28M | 255.59M | -275M | 14.32M |
| Working Capital Changes | -149M | -31M | 28.87M | -52.57M | 69.27M | -32M | 26.64M | 32.04M | 50.22M | -97.69M | 52.78M | -52.89M | 21.78M | -26.22M | -58.83M | 96.52M | 28.21M | -137.96M | 65.24M | 21.08M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10.19M | 0 | 0 | 0 | 37.23M | 0 | 0 | 0 | 8.78M | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.08M | 0 | 0 | 0 | -109.56K | 0 | 0 | 0 | 55.74M | 0 |
| Cash from Investing | -485M | -628M | -224.23M | -404.81M | -410.2M | -429M | -2.45B | -302.94M | -322.68M | -332.29M | -223.27M | -237.19M | -397.82M | -240.41M | -287.82M | -226.7M | -215.62M | -150.13M | -122.48M | -174.79M |
| Capital Expenditures | -1.31B | -555M | -1.02B | -6.58M | -27K | -14.89M | -2.1B | -302.94M | -322.68M | -332.37M | -223.27M | -237.19M | -398.17M | -240.71M | -288.09M | -226.1M | -215.62M | -150.13M | -124.58M | -183.34M |
| CapEx % of Revenue | 52.36% | 37.53% | 142.58% | 0.81% | 0% | 1.77% | 251.58% | 47.16% | 50.94% | 59.39% | 36.79% | 37.08% | 72.85% | 42.17% | 43.05% | 27.32% | 21.77% | 17.48% | 14.57% | 24.12% |
| Acquisitions | -49M | -49M | 0 | 0 | 0 | 0 | 0 | 0 | 2K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.09M | 8.84M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 873M | -24M | 799.91M | -398.23M | -410.2M | -414.11M | -346.42M | -2K | 3K | 77K | -109.93M | 0 | 350K | 307K | 267K | -596K | 0 | 0 | 2.09M | 8.54M |
| Cash from Financing | -1.01B | 69M | -21.94M | -39.77M | -59.12M | -54M | 34.08M | 1.1B | -70.09M | -53.62M | -39.06M | -122.06M | -85.06M | -58.36M | -53.99M | -55.33M | -479.75M | -104.79M | -4.23M | -123.52M |
| Debt Issued (Net) | -759M | 177M | 500K | 0 | -37.5M | -31M | 68.27M | 1.13B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -480.18M | -104.77M | 0 | -118.79M |
| Equity Issued (Net) | -87M | 0 | 849K | -12.13M | 1.28M | -279K | -708K | -6.82M | -49.38M | -32.77M | -22.86M | -96.38M | -66.98M | -40.07M | -60.7M | -20.24M | 1.65M | 0 | 1.32M | 0 |
| Dividends Paid | -135M | -82M | -23.22M | -22.99M | -22.89M | -23M | -22.88M | -20.59M | -20.71M | -20.83M | -17.45M | -17.8M | -18.08M | -18.29M | -18.42M | 0 | -1.22M | 0 | -1.22M | 0 |
| Share Repurchases | -87M | 0 | -224K | -12.13M | -648K | 0 | -2.06M | 0 | -51.22M | -32.77M | -22.86M | -96.38M | -68.8M | -40.07M | -36.97M | -20.24M | 0 | 0 | 0 | 0 |
| Other Financing | -25M | -26M | -62K | -4.66M | -4K | 279K | -10.6M | -6.82M | 1.84M | -22K | 1.24M | -7.88M | -7K | 0 | 25.13M | -35.09M | 0 | -24K | -4.34M | -4.73M |
| Net Change in Cash | 252M | 81M | 205.75M | 60.37M | 101.82M | 0 | -1.74B | 1.25B | 83.62M | -109.91M | 214.18M | 23.74M | -99.63M | 32.87M | -53.44M | 231.35M | -152.8M | 87.17M | 273.12M | -123.52M |
| Free Cash Flow | 434M | 85M | -572.22M | 100.68M | 160.94M | 69M | -1.88B | 149.32M | 153.7M | -56.37M | 253.25M | 145.8M | -14.92M | 90.92M | 287K | 287.27M | 326.95M | 191.97M | 305.05M | 144.78M |
| FCF Margin % | 17.36% | 5.75% | -79.66% | 12.41% | 20.5% | 8.22% | -224.73% | 23.24% | 24.26% | -10.07% | 41.73% | 22.79% | -2.73% | 15.93% | 0.04% | 34.71% | 33.01% | 22.35% | 35.68% | 19.04% |
| FCF Growth % | 169.66% | 23.19% | 69.54% | -32.57% | 4.71% | 222.42% | -841.74% | 2.41% | 1130.35% | -161.99% | 88139.37% | -49.25% | -104.56% | -52.64% | -99.91% | 98.42% | 343.11% | 557.72% | 138.22% | 70.39% |
| FCF per Share | 1.81 | 0.74 | -4.98 | 0.87 | 1.40 | 0.60 | -16.33 | 1.30 | 1.33 | -0.48 | 2.17 | 1.23 | -0.12 | 0.74 | 0.00 | 2.31 | 2.63 | 1.55 | 2.46 | 1.17 |
| FCF Conversion (FCF/Net Income) | 1.63x | -1.91x | 4.15x | 3.26x | 2.83x | 2.65x | 3.07x | 1.88x | 2.27x | 2.10x | 1.93x | 1.72x | 2.56x | 1.67x | 1.12x | 1.07x | 1.68x | 7.02x | 1.01x | 3.83x |
| Interest Paid | 0 | 0 | 0 | 244.24M | 0 | 0 | 5.26M | 0 | 50.13M | 0 | 9.43M | -7.85M | 51.48M | 33.88M | 0 | -56.08M | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 1.05M | 0 | 0 | 19.28M | 194K | 0 | 0 | 2.8M | 39K | 6.09M | 50K | 0 | 4K | 0 | 0 | 0 | 0 |