Southwestern Energy Announces First Quarter 2020 Results

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Southwestern Energy (SWN) Tops Q1 EPS by 4c, Revenues Miss

April 30, 2020 4:24 PM EDT

Southwestern Energy (NYSE: SWN) reported Q1 EPS of $0.10, $0.04 better than the analyst estimate of $0.06. Revenue for the quarter came in at $592 million versus the consensus estimate of $653.14 million.

Completed semi-annual borrowing base redetermination and revolving credit facility commitment at $1.8 billion with no other changes in termsRepurchased $80 million in senior notes at an average 36% discountReceived weighted average realized price (excluding transportation) of $2.56 per Mcfe, including $93 million settled hedging... More