Swift Energy (SFY) Tops Q2 EPS by 15c; Updates FY15 Outlook

Swift Energy (NYSE: SFY) reported Q2 EPS of ($0.74), $0.15 better than the analyst estimate of ($0.89). Revenue for the quarter came in at $66.2 million versus the consensus estimate of $53.8 million.

Third Quarter and Full-Year 2015 Capital Expenditure and Production Guidance

Swift Energy currently plans to balance its revised 2015 capital expenditures with its operating cash flow, line of credit borrowings, and proceeds from asset dispositions and/or joint ventures.

The Company is targeting third quarter production levels of 2.77 to 2.82 MMBoe, including 11.23 to 11.43 Bcf of natural gas production, 0.55 to 0.56 MMBbl of crude oil production, and 0.34 to 0.35 MMBbl of natural gas liquids production. This level of production is based on $35-$40 million in capital expenditures for the quarter.

For the full year, the Company revised its guided production range to 11.5 to 11.6 MMBoe and planned full-year capital expenditures to $110-$120 million. Activity levels for the balance of the year will focus on drilling activity in the dry gas Fasken area as well as in the AWP gas and condensate areas. A portion of the capital expenditure program is discretionary and can be further deferred if necessary.

For earnings history and earnings-related data on Swift Energy (SFY) click here.

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• Dare Bioscience (DARE) Tops Q2 EPS by 11c
• Inhibrx, Inc. (INBX) Misses Q2 EPS by 54c