Southwestern Energy (SWN) Tops Q2 EPS by 2c, Revenues Beat

Southwestern Energy (NYSE: SWN) reported Q2 EPS of $0.18, $0.02 better than the analyst estimate of $0.16. Revenue for the quarter came in at $816 million versus the consensus estimate of $813.86 million.

“This quarter’s strong performance reflects increased margins, improved capital efficiency, and higher production growth,” said Bill Way, President and Chief Executive Officer of Southwestern Energy. “Our strategy of delivering growing value from our high-return Appalachia assets, and shift towards greater liquids while achieving greater operational efficiencies, are creating enhanced returns for our shareholders. This is underscored by our assets’ projected ability to generate modest free cash flow in 2018 without raising capital guidance.”

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

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