SM - NYSE

SM Energy Company

SM·NYSE

$34.29

+0.94%

EnergyOil & Gas Exploration & Production

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas. The company was formerly known as St. Mary Land & Exploration Company and changed its name to SM Energy Company in May 2010. SM Energy Company was founded in 1908 and is headquartered in Denver, Colorado.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$8.22B

EPS5.6500

P/E Ratio6.07

Earnings Date07/30/2026

2.01B

Operating Cash Flow

13%

3Y+19.0%

5Y+154.0%

10Y+264.0%

-1.47B

Investing Cash Flow

-57%

3Y+67.0%

5Y+164.0%

10Y-22.0%

-175.00M

Financing Cash Flow

-117%

3Y-75.0%

5Y-26.0%

10Y-113.0%

SM Energy Company Cash Conversion Engine

SM · NYSE

FCF Components

Net Income648.00M

Depreciation & Amortization1.21B

Stock-Based Compensation29.00M

Change in Working Capital14.00M

Others-65.00M

Capital Expenditures-1.44B

Free Cash Flow573.00M

Cash Flow Quality Analysis

FCF Conversion Rate

88.4%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

71.5%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

+135.1%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$14.00M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Capital-intensive growth: Heavy reinvestment limits current cash available but may drive future returns. Assess whether CapEx supports compelling growth opportunities with adequate ROI.

SM Energy Company Cash Flow Statement

SM • NYSE

SM Energy Company Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
OPERATING ACTIVITIES
Net Income	648M	770.3M	817.9M	1.1B	36.2M	-764.6M	-187M	508.4M	-160.8M	-757.7M	-447.7M	666.1M	170.9M	-54.2M	215.4M	196.8M	-99.4M	91.6M	189.7M	190M
Depreciation & Amortization	1.2B	809.3M	690.5M	603.8K	1.7B	1.4B	954.3M	665.3M	557M	790.7M	921M	767.5M	822.9M	727.9M	511.1M	336.1M	579.4M	626M	227.6M	154.5M
Change in Deferred Taxes	178M	175M	88.3M	269.1M	9.6M	-192.5M	-41.8M	141.7M	-192.1M	-448.6M	-276.7M	397.8M	105.6M	-29.6M	123.8M	114.5M	-39.7M	40.6M	93M	74.8M
Stock-Based Compensation	29M	25M	20.3M	18.8M	18.8M	15M	24.3M	23.9M	22.7M	26.9M	27.5M	32.7M	32.3M	30.2M	26.8M	26.7M	18.8M	14.8M	10.1M	11.4M
Other Non-Cash Items	-65M	-8.3M	-37.9M	358.1M	-735.4M	362.3M	56.9M	-632.4M	219M	969.5M	712.1M	-409.4M	213.8M	266.2M	-75.8M	-172.1M	-38.7M	-40.5M	60M	43.2M
Cash Taxes Paid	(0.0)	(26.9M)	(9M)	(10.6M)	(864K)	(0.0)	(0.0)	(3M)	(6M)	(0.0)	(1.6M)	(1.9M)	(0.0)	(0.0)	(0.0)	(25.6M)	(9.9M)	(0.0)	(0.0)	(0.0)
Change in Working Capital	14M	11.2M	-4.6M	-72.1M	117.4M	11.6M	16.9M	13.7M	69.6M	-28M	42.2M	1.9M	-7M	-18.4M	-40.8M	-5M	15.7M	-54.3M	50.4M	-6.3M
Cash from Operating Activities	2B	1.8B	1.6B	1.7B	1.2B	790.9M	823.6M	720.6M	515.4M	552.8M	978.4M	1.5B	1.3B	922M	760.5M	497.1M	436.1M	678.2M	630.8M	467.7M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-1.4B	-1.3B	-1.1B	-879.9M	-678.2M	-555.7M	-1B	-1.3B	-978.2M	-2.8B	-1.5B	-2.5B	-1.6B	-1.5B	-1.6B	-669M	-379.3M	-827.4M	-820.6M	-725.7M
Acquisitions, Net	(0.0)	(0.0)	(0.0)	(0.0)	(10.9M)	(92K)	(13.1M)	(748.5M)	(776.7M)	(946.1M)	(357.9M)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(495K)	(0.0)
Purchase of Investments	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-1.2M	(0.0)
Sale/Maturity of Investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1M	0.0	1.5M	25K
Other Investing Items	-30M	-2.1B	657K	-329K	10.9M	-7.8M	13.1M	748.5M	776.7M	943.1M	357M	40.6M	422.2M	56.3M	368.2M	307.4M	74.2M	154.7M	16M	951K
Cash from Investing Activities	-1.5B	-3.4B	-1.1B	-880.3M	-667.2M	-555.6M	-1B	-587.9M	-201.5M	-1.9B	-1.1B	-2.5B	-1.2B	-1.5B	-1.3B	-361.6M	-304.1M	-672.8M	-803.9M	-724.7M
FINANCING ACTIVITIES
Net Issuance of Common Stock	-10M	-82.9M	-232.9M	-79.3M	-6.4M	1.5M	3.2M	3.2M	2.6M	938.3M	-3.8M	-5.7M	-9.4M	-15.8M	-2.6M	4.3M	3.1M	-65.3M	-15.9M	-89.3M
Net Issuance of Debt	-68M	1.2B	0.0	-584.9M	-151M	-219.5M	122.5M	-352.9M	-2.4M	426.4M	164.5M	756M	150.2M	444.6M	636.2M	-140M	-123.1M	15M	231.7M	338.5M
Cash Paid for Dividends	-92M	-85M	-71.6M	-19.6M	-2.4M	-2.3M	-11.3M	-11.2M	-11.1M	-7.8M	-6.8M	-6.7M	-6.7M	-6.5M	-6.4M	-6.3M	-6.2M	-6.2M	-6.3M	-5.6M
Share Repurchases	-13M	-86.1M	-228.1M	-57.2M	-9.1M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-8.7M	-10.6M	-16.2M	-21.6M	-10M	-2.1M	(0.0)	-77.2M	-25.9M	-123.1M
Other Financing Items	-5M	-19.8M	-4.8M	-32.1M	-6.4M	-15.1M	-2.7M	-7.7M	-1.4M	908.6M	8.5M	-9.2M	-12.8M	-225K	-18.7M	854K	-1.3M	13.7M	5.7M	0.0
Cash from Financing Activities	-175M	1B	-304.5M	-693.9M	-159.8M	-235.4M	111.8M	-368.7M	-12.3M	1.3B	166.2M	740M	130.7M	422.1M	618.5M	-141.1M	-127.5M	-42.8M	215.1M	243.6M
CASH FLOW SUMMARY
Net Change in Cash	368M	-616.2M	171.2M	112.3M	332.7M	0.0	-78M	-236M	301.6M	9.4M	-102K	-282.1M	276.3M	-113.3M	114.1M	-5.6M	4.5M	-37.4M	42M	-13.5M
Cash at Beginning of Period	0.0	616.2M	445M	332.7M	10K	10K	78M	313.9M	12.4M	18K	120K	282.2M	5.9M	119.2M	5.1M	10.6M	6.1M	43.5M	1.5M	14.9M
Cash at End of Period	368M	0.0	616.2M	445M	332.7M	10K	10K	78M	313.9M	9.4M	18K	120K	282.2M	5.9M	119.2M	5.1M	10.6M	6.1M	43.5M	1.5M
Free Cash Flow	573M	-1.6B	475.1M	806.5M	481.6M	235.3M	-202.8M	-615.8M	-462.9M	-2.3B	-523.2M	-1.1B	-276.6M	-591.6M	-872.6M	-171.9M	56.8M	-149.2M	-189.8M	-258M

SEC Filings

SM - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	June 01, 2026	June 01, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 22, 2026	May 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 12, 2026	May 11, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 06, 2026	May 06, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 30, 2026	April 30, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 17, 2026	April 17, 2026	2026	View Filing
DEF 14A DEF 14A 2025 N/A	April 08, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	April 02, 2026	April 02, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 18, 2026	March 18, 2026	2026	View Filing

Showing 1 to 10 of 698 filings

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