The WACC of SM Energy Co (SM) is 8.7%.
| Range | Selected | |
| Cost of equity | 9.10% - 11.70% | 10.40% |
| Tax rate | 19.70% - 20.20% | 19.95% |
| Cost of debt | 4.60% - 5.80% | 5.20% |
| WACC | 7.7% - 9.8% | 8.7% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 1.14 | 1.22 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 9.10% | 11.70% |
| Tax rate | 19.70% | 20.20% |
| Debt/Equity ratio | 0.36 | 0.36 |
| Cost of debt | 4.60% | 5.80% |
| After-tax WACC | 7.7% | 9.8% |
| Selected WACC | 8.7% | |