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United States

Southwestern Energy Co (SWN.N)

SWN.N on New York Stock Exchange

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18 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Southwestern Energy - Q4 production guidance will be impacted by a reduction of about 19 Bcf resulting from sale of Fayetteville operations
Tuesday, 4 Dec 2018 08:10am EST 

Dec 4 (Reuters) - Southwestern Energy Co ::SOUTHWESTERN ENERGY CO - Q4 PRODUCTION GUIDANCE WILL BE IMPACTED BY A REDUCTION OF APPROXIMATELY 19 BCF RESULTING FROM SALE OF FAYETTEVILLE OPERATIONS.SOUTHWESTERN ENERGY CO - PROCEEDS FROM SALE OF FAYETTEVILLE SHALE BUSINESS WILL BE USED TO RETIRE SENIOR NOTES OF $900 MILLION.SOUTHWESTERN ENERGY CO - PROCEEDS WILL BE USED TO RETIRE OUTSTANDING BALANCE UNDER COMPANY'S REVOLVING CREDIT FACILITY.SOUTHWESTERN ENERGY CO - PROCEEDS WILL BE USED TO REPURCHASE STOCK UP TO REMAINDER OF COMPANY'S $200 MILLION STOCK BUYBACK PROGRAM.SOUTHWESTERN ENERGY CO - PROCEEDS WILL BE USED TO INVEST IN APPALACHIA ASSETS OVER NEXT TWO YEARS.  Full Article

Southwestern Energy Reports Q3 Adj. EPS of $0.25 Per Share
Thursday, 25 Oct 2018 05:26pm EDT 

Oct 25 (Reuters) - Southwestern Energy Co ::SOUTHWESTERN ENERGY ANNOUNCES THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.25.Q3 EARNINGS PER SHARE VIEW $0.20 -- THOMSON REUTERS I/B/E/S.Q3 LOSS PER SHARE $0.05.FULL YEAR CAPITAL GUIDANCE UNCHANGED.QTRLY TOTAL PRODUCTION 252 BCFE VERSUS 232 BCFE.QTRLY OPERATING REVENUE $951 MILLION VERSUS $737 MILLION.Q3 REVENUE VIEW $865.2 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Southwestern Energy Q2 Adjusted Earnings Per Share $0.18
Thursday, 2 Aug 2018 04:15pm EDT 

Aug 2 (Reuters) - Southwestern Energy Co ::SOUTHWESTERN ENERGY ANNOUNCES SECOND QUARTER 2018 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.18.Q2 EARNINGS PER SHARE $0.09.RAISES FULL YEAR 2018 PRODUCTION GUIDANCE WITH NO INCREASE TO CAPITAL INVESTMENT GUIDANCE.Q2 EARNINGS PER SHARE VIEW $0.16 -- THOMSON REUTERS I/B/E/S.EXPECTS PORTFOLIO TO GENERATE MODEST FREE CASH FLOW IN 2018.RAISING NET PRODUCTION GUIDANCE TO 955 - 970 BCFE FOR 2018.QTRLY TOTAL PRODUCTION 234 BCFE VERSUS 222 BCFE.QTRLY OPERATING REVENUE $816 MILLION VERSUS $811 MILLION.  Full Article

Southwestern Energy Announces Workforce Reduction Plan
Wednesday, 27 Jun 2018 08:30am EDT 

June 27 (Reuters) - Southwestern Energy Co ::SOUTHWESTERN ENERGY CO - ON JUNE 27, 2018, CO NOTIFIED AFFECTED EMPLOYEES OF A WORKFORCE REDUCTION PLAN.SOUTHWESTERN ENERGY CO - EXPECTS PLAN TO BE SUBSTANTIALLY IMPLEMENTED DURING Q3 OF 2018.SOUTHWESTERN ENERGY - EXPECTS TO RECORD PRE-TAX CHARGE TO Q2 EARNINGS OF ABOUT $18 MILLION TO $19 MILLION, INCLUDING ONE-TIME CASH SEVERANCE PAYMENTS.SOUTHWESTERN ENERGY CO - JUNE 2018 WORKFORCE REDUCTION AFFECTS ABOUT 200 EMPLOYEES, INCLUDING OFFICERS, ACROSS ALMOST ALL LOCATIONS AND FUNCTIONS.SOUTHWESTERN ENERGY- JUNE 2018 REDUCTION, OTHER DEPARTURES SINCE 2017 END, TO CUT PERSONNEL-RELATED COSTS BY ABOUT $60 MILLION-$65 MILLION ON ANNUAL BASIS GOING FORWARD.SOUTHWESTERN ENERGY- JUNE WORKFORCE CUT DOES NOT INCLUDE ADJUSTMENTS TO WORKFORCE DUE TO STRATEGIC ALTERNATIVES BEING PURSUED FOR FAYETTEVILLE SHALE.  Full Article

Southwestern Energy Says Co Entered Second Supplemental Indenture To March 5, 2012 Indenture Relating To Co's 4.10% Senior Notes Due 2022
Friday, 27 Apr 2018 06:14am EDT 

April 27 (Reuters) - Southwestern Energy Co ::SOUTHWESTERN ENERGY - ON APRIL 26, CO ENTERED SECOND SUPPLEMENTAL INDENTURE TO MARCH 5, 2012 INDENTURE RELATING TO CO'S 4.10% SENIOR NOTES DUE 2022.SOUTHWESTERN ENERGY - ON APRIL 26, CO ENTERED FOURTH SUPPLEMENTAL INDENTURE TO JAN 23, 2015 INDENTURE RELATING TO CO'S 4.95% SENIOR NOTES DUE 2025.SOUTHWESTERN-ENTERED SECOND SUPPLEMENTAL INDENTURE TO INDENTURE DATED SEPT 25,2017 REGARDING SENIOR NOTES DUE APRIL 2026 & SENIOR NOTES DUE OCT 2027.SOUTHWESTERN ENERGY - ON APRIL 26, CO ENTERED INTO A CREDIT AGREEMENT WITH VARIOUS LENDERS & JPMORGAN CHASE BANK N.A. AS ADMINISTRATIVE AGENT & LENDER.SOUTHWESTERN ENERGY SAYS ENTERED APRIL 26 CREDIT AGREEMENT WITH TOTAL COMMITMENTS OF $2 BILLION & TOTAL MAXIMUM REVOLVING CREDIT AMOUNT OF $3.5 BILLION - SEC FILING.SOUTHWESTERN ENERGY - $3.5 BILLION CREDIT AGREEMENT MATURES ON APRIL 26, 2023.SOUTHWESTERN-CREDIT AGREEMENT MATURES ON DEC 14,2021 IF CO AMENDS,REDEEMS OR REFINANCES AT LEAST $700 MILLION OF 2022 SENIOR NOTES ON OR BEFORE DEC 14,2021.  Full Article

Southwestern Energy Reports Q1 Earnings Per Share Of $0.36
Thursday, 26 Apr 2018 07:28pm EDT 

April 26 (Reuters) - Southwestern Energy Co ::SOUTHWESTERN ENERGY ANNOUNCES FIRST QUARTER 2018 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.28.Q1 EARNINGS PER SHARE $0.36.Q1 EARNINGS PER SHARE VIEW $0.25 -- THOMSON REUTERS I/B/E/S.QTRLY NET PRODUCTION OF 226 BCFE, UP 11%, INCLUDING A 37% INCREASE IN LIQUIDS PRODUCTION, COMPARED TO Q1 OF 2017.NARROWING FULL YEAR 2018 NATURAL GAS DISCOUNT TO NYMEX GUIDANCE INCLUDING TRANSPORTATION TO $0.70 - $0.80 PER MCF.  Full Article

Southwestern Energy posts Q3 adj. earnings per share $0.06
Thursday, 26 Oct 2017 04:30pm EDT 

Oct 26 (Reuters) - Southwestern Energy Co :Southwestern Energy announces third quarter 2017 financial and operating results.Q3 adjusted earnings per share $0.06.Q3 earnings per share $0.09.Q3 earnings per share view $0.07 -- Thomson Reuters I/B/E/S.Southwestern Energy - qtrly ‍total net production of 232 BCFE, including 153 bcfe from appalachian basin, up about 10 pct and 26 pct, respectively​.Southwestern Energy Co - qtrly ‍revenues $737 million versus $651 million​.Q3 revenue view $777.3 million -- Thomson Reuters I/B/E/S.  Full Article

Southwestern Energy announces final results and expiration of cash tender offers
Tuesday, 10 Oct 2017 08:00am EDT 

Oct 10 (Reuters) - Southwestern Energy Co :Southwestern Energy announces final results and expiration of cash tender offers.  Full Article

Southwestern Energy to sell Fayetteville shale unit

Oil and gas producer Southwestern Energy Co agreed to sell its Fayetteville shale assets in Arkansas to privately owned Flywheel Energy LLC in an all-cash deal valued at about $1.87 billion, Southwestern said on Tuesday.