SM Energy Co (SM) — Cash Flow Reinvestment Rate
SM Energy Co (SM) has a Cash Flow Reinvestment Rate of 0.87x as of March 2026, reinvesting $555.00 Million (capex $555.00 Million ) from operating cash flow of $640.00 Million. See SM free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
SM Energy Co Cash Flow Reinvestment Rate (1990–2025)
Historical reinvestment intensity for SM Energy Co across 36 annual periods. For the full cash flow conversion analysis, see SM Energy Co (SM) cash flow conversion.
Annual Cash Flow Reinvestment Rate for SM Energy Co (1990–2025)
Year-by-year capital reinvestment analysis for SM Energy Co. See SM FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.72x | $1.44 Billion | $2.01 Billion | $1.44 Billion | ▼ -81.3% |
| 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 | — |