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SM Energy (SM) free cash flow by quarter

SM Energy's free cash flow was $411M in Q3 2026 (third quarter 2026), +18% from Q2 2026. Over the last 7 quarters it ranged from $69.0M (Q1 2025) to $411M (Q3 2026).

SM Energy free cash flow by quarterSM Energy free cash flow by quarter$69.0MQ1 2025$161MQ2 2025$107MQ3 2025$236MQ4 2025$85.0MQ1 2026$349MQ2 2026$411MQ3 2026
QuarterFree cash flowQ/QY/Y
Q3 2026$411M+18%+284%
Q2 2026$349M+311%+117%
Q1 2026$85.0M-64%+23%
Q4 2025$236M+121%—
Q3 2025$107M-34%—
Q2 2025$161M+133%—
Q1 2025$69.0M——

Q3 2026 at a glance

SM Energy, Q3 2026: revenue $2.2B (+167% year over year), operating margin 10.9%, net earnings $93.0M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.

Questions

What is SM Energy's free cash flow?

SM Energy's free cash flow was $411M in Q3 2026 (third quarter 2026), +18% from Q2 2026.

How has SM Energy's free cash flow changed?

Over the last 7 quarters it ranged from $69.0M (Q1 2025) to $411M (Q3 2026).

Q3 2026 results → · How SM Energy makes money →