Southwestern Energy Q1 net loss $1.5B, adjusted net income $131M, production down 8.5% YoY

SOUTHWESTERN ENERGY CO

2024-Q1 EPS reported -$1.39 revenue$1,417,000,000

Net loss of $1.5B ($1.39 diluted EPS); adjusted net income $131M ($0.12 diluted EPS).
Total production 376 Bcfe (4.1 Bcfe/d), down from 411 Bcfe in Q1 2023.
Adjusted EBITDA $472M; net cash from operations $496M; free cash flow deficit $99M.
Capital investments $538M; 18 wells to sales (6 Appalachia, 12 Haynesville).
Guidance discontinued due to pending merger with Chesapeake; total debt $4.0B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SOUTHWESTERN ENERGY CO reported first quarter ended March 31, 2024 results: net income $1.5 billion net loss, EPS ($1.39) per diluted share.

Period: first quarter ended March 31, 2024
Net income: $1.5 billion net loss
EPS: ($1.39) per diluted share
Result: reported results

Exact text from the filing

Southwestern Energy Company (the "Company") issued a press release announcing the Company's financial results for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0000007332-24-000016

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