The WACC of SM Energy Co (SM) is 9.3%.
| Range | Selected | |
| Cost of equity | 9.40% - 12.70% | 11.05% |
| Tax rate | 19.70% - 20.20% | 19.95% |
| Cost of debt | 4.60% - 5.80% | 5.20% |
| WACC | 7.9% - 10.6% | 9.3% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 1.2 | 1.4 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 9.40% | 12.70% |
| Tax rate | 19.70% | 20.20% |
| Debt/Equity ratio | 0.34 | 0.34 |
| Cost of debt | 4.60% | 5.80% |
| After-tax WACC | 7.9% | 10.6% |
| Selected WACC | 9.3% | |