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Southwestern Energy Co (SWN.N)

SWN.N on New York Stock Exchange

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22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Southwestern Energy prices offering of $1.15 bln senior notes
Monday, 11 Sep 2017 06:15pm EDT 

Sept 11 (Reuters) - Southwestern Energy Co ::Southwestern Energy announces pricing of public offering of $1.15 billion of senior notes.‍Notes will be sold to public at a price of 100.000 percent of their face value for 2026 notes​.‍Notes will be sold to public at a price of 100.000 percent of their face value for 2027 notes​.‍Pricing of its public offering consisting of a $650 million series of 7.500 percent senior, unsecured notes due 2026.Pricing of offering also consisting of $500 million series of 7.750 percent senior unsecured notes due 2027 .  Full Article

Southwestern Energy entered into amendment $1,191 mln secured term loan facility and $743 mln unsecured revolving facility
Monday, 11 Sep 2017 07:46am EDT 

Sept 11 (Reuters) - Southwestern Energy Co :Southwestern Energy - on Sept 11, co entered into amendment no. 1 to $1,191 million secured term loan facility and $743 million unsecured revolving facility.Southwestern Energy Co - amendment modifying mandatory prepayment and commitment reduction provisions.  Full Article

Southwestern Energy announces cash tender offers for senior notes
Monday, 11 Sep 2017 07:38am EDT 

Sept 11 (Reuters) - Southwestern Energy Co :Southwestern Energy announces cash tender offers for senior notes.Southwestern Energy Co - ‍company intends to purchase any and all 2020 notes validly tendered and not validly withdrawn​.Southwestern Energy Co - ‍tender offers will expire at end of day on October 6, 2017​.  Full Article

Southwestern Energy commences public offering of $1.15 bln of senior notes
Monday, 11 Sep 2017 07:37am EDT 

Sept 11 (Reuters) - Southwestern Energy Co :Southwestern Energy commences public offering of $1.15 billion of senior notes.Southwestern Energy Co - ‍offering consists of a series of senior, unsecured notes due 2026 and a series of senior, unsecured notes due 2027​.Southwestern Energy Co - ‍intends to use about $327 million of net proceeds from offering to repay in full and terminate its 2015 term loan​.  Full Article

Southwestern Energy Q2 adjusted earnings per share $0.08
Thursday, 3 Aug 2017 04:30pm EDT 

Aug 3 (Reuters) - Southwestern Energy Co ::Southwestern Energy announces second quarter 2017 financial and operating results.Q2 adjusted earnings per share $0.08.Q2 earnings per share $0.45.Q2 earnings per share view $0.15 -- Thomson Reuters I/B/E/S.Qtrly total net production of 222 bcfe, an increase of approximately 9 pct compared to q1 of 2017.Southwestern Energy Co - qtrly operating revenues $‍​811 million versus $522 million.Q2 revenue view $806.3 million -- Thomson Reuters I/B/E/S.  Full Article

Southwestern Energy enters agreement to settle class action litigation
Friday, 19 May 2017 05:25pm EDT 

May 19 (Reuters) - Southwestern Energy Co :Co entered agreement to settle class action litigation filed on behalf of lessors under leases of oil and gas in Arkansas.Under terms of settlement agreement, company will pay $30 million upon final court approval of settlement - SEC filing.Litigation regarding amount of deductions unit made for gathering, treatment, other costs in calculating royalty payments to lessors.Proposed settlement has received preliminary approval from Arkansas court and is subject to its final approval.Class for settlement includes substantially all persons having leases with co in Arkansas that permit deductions for various costs.  Full Article

Southwestern Energy reports Q1 earnings per share $0.57
Thursday, 27 Apr 2017 04:43pm EDT 

April 27 (Reuters) - Southwestern Energy Co -:Southwestern Energy announces first quarter 2017 financial and operating results.Q1 adjusted earnings per share $0.18.Q1 earnings per share $0.57.Southwestern Energy Co - qtrly total net production of 204 bcfe.Southwestern - proved reserves as of march 31, 2017 of over 10 tcfe with approximately $3 billion in pv10, nearly doubling from year-end 2016 reserves.Southwestern Energy Co qtrly operating revenue $846 million versus $579 million.Q1 earnings per share view $0.18, revenue view $768.7 million -- Thomson Reuters I/B/E/S.  Full Article

Southwestern Energy pivots to value-adding growth
Thursday, 23 Feb 2017 04:30pm EST 

Southwestern Energy Co : Southwestern Energy pivots to value-adding growth and announces guidance for 2017 . Says total capital investment program in 2017 is planned to be approximately $1.175 to $1.275 billion . Co says southwestern is targeting total net gas and liquids production of 890 to 910 bcfe in 2017 . Assuming capital budget based on current strip pricing in both 2017 and 2018, sees delivering double-digit production growth in 2018 . Sees 2017 diluted earnings per common share $0.35 - $0.45 . Sees 2017 net cash flow $1,075 million - $1,125 million . Says during 2017, company plans to invest $1.1 billion to $1.2 billion in its E&P business .Had about 272 BCF of its 2018 forecasted gas production protected at an average swap or purchased put strike price of $2.97 per MCF.  Full Article

Southwestern Energy Q4 loss per share $0.48
Thursday, 23 Feb 2017 04:30pm EST 

Southwestern Energy Co : Southwestern Energy announces operational update and 2016 financial results . Southwestern Energy qtrly adjusted earnings per share $0.08 . Southwestern Energy qtrly loss per share $0.48 . Southwestern Energy qtrly total production 202 bcfe versus 249 bcfe .Southwestern Energy says Q4 operating revenue $367 million versus $406 million last year.  Full Article

Third Point takes share stake in Rice Energy, Broadcom, Southwestern Energy
Friday, 10 Feb 2017 04:42pm EST 

Third Point LLC : Third Point LLC takes share stake of 2.7 million shares in Rice Energy Inc - SEC filing . Third Point LLC takes share stake of 7.0 million shares in Zayo Group Holdings . Third Point LLC takes share stake of 300,000 shares in Broadcom Ltd . Third Point LLC takes share stake of 5.0 million shares in Southwestern Energy Co .Third Point LLC - Change in holdings are as of Dec 31, 2016 and compared with previous quarter ended as of Sept 30, 2016.  Full Article

BRIEF-Southwestern Energy prices offering of $1.15 bln senior notes

* Southwestern Energy announces pricing of public offering of $1.15 billion of senior notes