What is SM Energy's free cash flow?

SM Energy (SM) reported free cash flow of $500.56M in Q3 2022.

How has SM Energy's free cash flow changed year-over-year?

SM Energy's free cash flow increased by 43.7% year-over-year, from $348.22M to $500.56M.

What does free cash flow mean?

Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

SM Energy SM Free cash flow

Discontinued — last reported Q3 '22

Free cash flow at other companies

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$2.81B+28.6%

Devon EnergyDVN

$816M-19.0%

ConocoPhillipsCOP

$1.3B—

EQT CorporationEQT

$2.46B+97.9%

Antero ResourcesAR

——

Permian ResourcesPR

——

Other financials

Income statement

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Revenue$1.5B+75.0%

Gross profit$1.1B+69.5%

Operating income-$298.0M-208%

Net income-$335.0M-284%

EPS (diluted)-$1.68-206%

Balance sheet

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Cash & equivalents$449.0M+831,381%

Total debt$138.0M+111%

Total equity$6.9B+55.9%

Total assets$19.1B+118%

Cash flow

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Operating cash flow$640.0M+32.5%

CapEx$12.8M—

Valuation

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Market cap$6.51B+117%

P/E49.8×+46.1×

P/S1.7×+0.7×

Profitability

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Gross margin71.3%-4.4pp

Operating margin11.2%-28.2pp

Net margin3.5%-24.1pp

FCF margin50.1%+2.8pp

Returns & leverage

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Return on equity2.3%-17.9pp

Debt / equity0×0.0×

Current ratio0.4×-0.2×

Where this comes from

Calculated from SM Energy’s reported figures.

$513.4Mnet cash from operating−$12.8Mcapital expenditures=$500.56M

The official record: SM Energy’s 10-Q, filed November 3, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is SM Energy's free cash flow?: SM Energy (SM) reported free cash flow of $500.56M in Q3 2022.
How has SM Energy's free cash flow changed year-over-year?: SM Energy's free cash flow increased by 43.7% year-over-year, from $348.22M to $500.56M.
What does free cash flow mean?: Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.