Swift Energy Co. (SFY) Reports Q4 EPS of $0.48, Offers FY12 Outlook
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Swift Energy Co. (NYSE: SFY) reported Q4 EPS of $0.48, $0.12 better than the analyst estimate of $0.36. Revenue for the quarter came in at $155.1 million versus the consensus estimate of $141.24 million.
In accordance with its demonstrated long-term strategy, Swift Energy currently plans to balance its 2012 capital expenditures with its 2012 cash flow and cash on hand. Current 2012 spending plans are budgeted at $575 million to $625 million in total capital expenditures. For 2012, Swift Energy is targeting production to increase 14% to 20% and proved reserves to increase 10% to 15%, over respective 2011 levels, with a focus on oil and liquid rich opportunities.
For earnings history and earnings-related data on Swift Energy Co. (SFY) click here.
In accordance with its demonstrated long-term strategy, Swift Energy currently plans to balance its 2012 capital expenditures with its 2012 cash flow and cash on hand. Current 2012 spending plans are budgeted at $575 million to $625 million in total capital expenditures. For 2012, Swift Energy is targeting production to increase 14% to 20% and proved reserves to increase 10% to 15%, over respective 2011 levels, with a focus on oil and liquid rich opportunities.
For earnings history and earnings-related data on Swift Energy Co. (SFY) click here.
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