What is SM Energy's operating cash flow?

SM Energy (SM) reported operating cash flow of $640M in Q1 2026.

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

SM Energy's operating cash flow increased by 32.5% year-over-year, from $483M to $640M.

What is the long-term trend for SM Energy's operating cash flow?

Over 4 years (2021 to 2025), SM Energy's operating cash flow has grown at a 14.8% compound annual growth rate (CAGR), from $1.16B to $2.01B.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

SM Energy SM Operating Cash Flow

Operating Cash Flow at other companies

EOG ResourcesEOG

$2.97B+29.6%

Devon EnergyDVN

$1.66B-14.8%

FAN

Diamondback EnergyFANG

$1.83B-22.4%

Antero ResourcesAR

$859.06M+87.7%

Range ResourcesRRC

$619.14M+87.6%

Chord EnergyCHRD

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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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CapEx$12.8M—

Free cash flow$500.6M+43.7%

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

Reported directly by SM Energy in its filing.

Tagged under the XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities.

The official record: SM Energy’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SM Energy's operating cash flow?: SM Energy (SM) reported operating cash flow of $640M in Q1 2026.
How has SM Energy's operating cash flow changed year-over-year?: SM Energy's operating cash flow increased by 32.5% year-over-year, from $483M to $640M.
What is the long-term trend for SM Energy's operating cash flow?: Over 4 years (2021 to 2025), SM Energy's operating cash flow has grown at a 14.8% compound annual growth rate (CAGR), from $1.16B to $2.01B.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.