---
title: "SM: $467M adjusted free cash flow, 95% synergy capture, and leverage near target post-merger"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295124147.md"
description: "Strong free cash flow and rapid synergy capture marked the first full quarter post-merger, with $467 million in adjusted free cash flow, $137 million returned to shareholders, and leverage nearing target levels. Operational efficiencies and asset high-grading are driving improved returns.Based on DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source."
datetime: "2026-08-06T15:19:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295124147.md)
  - [en](https://longbridge.com/en/news/295124147.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295124147.md)
generator: "portal-rs"
---

# SM: $467M adjusted free cash flow, 95% synergy capture, and leverage near target post-merger

Strong free cash flow and rapid synergy capture marked the first full quarter post-merger, with $467 million in adjusted free cash flow, $137 million returned to shareholders, and leverage nearing target levels. Operational efficiencies and asset high-grading are driving improved returns.

Based on 

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**