Southwestern Energy (SWN) Misses Q1 EPS by 1c

Southwestern Energy (NYSE: SWN) reported Q1 EPS of $0.22, $0.01 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $933 million versus the consensus estimate of $903.89 million.

• Record production of 233 Bcfe, including 4 Bcfe associated with the East Texas and Arkoma assets scheduled to be divested in the second quarter;
• Total Appalachia net production of 113 Bcfe, comprised of 83 Bcf from Northeast Appalachia (a 43% increase compared to year-ago levels) and 30 Bcfe from Southwest Appalachia;

"As we do every year, we have begun 2015 with the same focused approach on generating strong returns with a platform for significant growth for our shareholders in any price environment," remarked Steve Mueller, Chairman and Chief Executive Officer of Southwestern Energy. "Our first quarter results once again demonstrated the strength of our portfolio, which continues to deliver economic projects at current prices due to the quality of our assets, our focus on maintaining our low cost structure and our differentiating firm transportation capacity."

For earnings history and earnings-related data on Southwestern Energy (SWN) click here.

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