SM Energy Co (SM) — Cash Flow Reinvestment Rate
SM Energy Co (SM) has a Cash Flow Reinvestment Rate of 1.60x as of September 2025, reinvesting $809.09 Million (capex $404.28 Million plus investments $-404.81 Million) from operating cash flow of $504.96 Million. Explore SM Energy Co (SM) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
SM Energy Co Cash Flow Reinvestment Rate (1990–2024)
Historical reinvestment intensity for SM Energy Co across 35 annual periods. Also explore SM current and non-current assets for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for SM Energy Co (1990–2024)
Year-by-year capital reinvestment analysis for SM Energy Co. For live market cap and broader valuation context, see SM company net worth.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 3.83x | $6.82 Billion | $1.78 Billion | $3.41 Billion | ▲ +166.3% |
| 2023 | 1.44x | $2.26 Billion | $1.57 Billion | $1.10 Billion | ▲ +37.7% |
| 2022 | 1.04x | $1.76 Billion | $1.69 Billion | $879.93 Million | ▼ -10.0% |
| 2021 | 1.16x | $1.35 Billion | $1.16 Billion | $678.16 Million | ▼ -17.4% |
| 2020 | 1.40x | $1.11 Billion | $790.94 Million | $555.66 Million | ▼ -43.3% |
| 2019 | 2.48x | $2.04 Billion | $823.57 Million | $1.03 Billion | ▼ -7.3% |
| 2018 | 2.67x | $1.92 Billion | $720.63 Million | $1.34 Billion | ▲ +16.7% |
| 2017 | 2.29x | $1.18 Billion | $515.39 Million | $978.25 Million | ▼ -73.0% |
| 2016 | 8.47x | $4.68 Billion | $552.80 Million | $2.81 Billion | ▲ +452.1% |
| 2015 | 1.53x | $1.50 Billion | $978.35 Million | $1.50 Billion | ▼ -11.3% |
| 2014 | 1.73x | $2.52 Billion | $1.46 Billion | $2.52 Billion | ▲ +43.3% |
| 2013 | 1.21x | $1.62 Billion | $1.34 Billion | $1.62 Billion | ▼ -26.5% |
| 2012 | 1.64x | $1.51 Billion | $921.97 Million | $1.51 Billion | ▼ -23.5% |
| 2011 | 2.15x | $1.63 Billion | $760.53 Million | $1.63 Billion | ▲ +59.6% |
| 2010 | 1.35x | $668.95 Million | $497.10 Million | $668.95 Million | ▲ +54.7% |
| 2009 | 0.87x | $379.33 Million | $436.11 Million | $379.33 Million | ▼ -28.7% |
| 2008 | 1.22x | $827.44 Million | $678.22 Million | $827.44 Million | ▼ -6.2% |
| 2007 | 1.30x | $820.63 Million | $630.79 Million | $820.63 Million | ▼ -16.2% |
| 2006 | 1.55x | $725.70 Million | $467.70 Million | $725.70 Million | ▲ +134.5% |
| 2005 | 0.66x | $270.88 Million | $409.38 Million | $270.88 Million | ▼ -41.5% |
| 2004 | 1.13x | $268.19 Million | $237.16 Million | $268.19 Million | ▲ +15.4% |
| 2003 | 0.98x | $200.24 Million | $204.32 Million | $200.24 Million | ▼ -24.8% |
| 2002 | 1.30x | $184.72 Million | $141.71 Million | $184.72 Million | ▼ -2.7% |
| 2001 | 1.34x | $170.80 Million | $127.49 Million | $170.80 Million | ▲ +89.5% |
| 2000 | 0.71x | $65.24 Million | $92.27 Million | $65.24 Million | ▼ -28.4% |
| 1999 | 0.99x | $40.30 Million | $40.80 Million | $40.30 Million | ▼ -23.5% |
| 1998 | 1.29x | $58.60 Million | $45.40 Million | $58.60 Million | ▼ -31.7% |
| 1997 | 1.89x | $81.50 Million | $43.10 Million | $81.50 Million | ▲ +66.4% |
| 1996 | 1.14x | $27.50 Million | $24.20 Million | $27.50 Million | ▼ -11.4% |
| 1995 | 1.28x | $22.70 Million | $17.70 Million | $22.70 Million | ▲ +53.1% |
| 1994 | 0.84x | $17.00 Million | $20.30 Million | $17.00 Million | ▲ +22.2% |
| 1993 | 0.69x | $13.50 Million | $19.70 Million | $13.50 Million | ▲ +7.0% |
| 1992 | 0.64x | $17.30 Million | $27.00 Million | $17.30 Million | ▼ -51.0% |
| 1991 | 1.31x | $15.30 Million | $11.70 Million | $15.30 Million | ▲ +150.0% |
| 1990 | 0.52x | $7.90 Million | $15.10 Million | $7.90 Million | — |