Southwestern Energy (SWN) Tops Q4 EPS by 7c, Revenues Miss

Southwestern Energy (NYSE: SWN) reported Q4 EPS of $0.18, $0.07 better than the analyst estimate of $0.11. Revenue for the quarter came in at $745 million versus the consensus estimate of $763.72 million.

“Once again, our team achieved results at or above the midpoint of guidance across all metrics highlighting our established culture of outperformance while operating safely and responsibly. Importantly, we further reduced the cost structure of the Company, enhanced well performance while materially lowering well costs, and improved operational efficiencies, all adding to economic inventory,” said Bill Way, Southwestern Energy President and Chief Executive Officer.

“Foundational to the Company’s resilience, especially in the current pricing environment, are a strong balance sheet, capital discipline, unique Tier 1 condensate and liquids rich acreage and a multi-year hedge position. We remain confident in our ability to return the Company to free cash flow by the end of this year and be firmly positioned to deliver an attractive long-term value proposition for shareholders,” Way continued.

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

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