secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWESTERN ENERGY CO (—)
CIK:        0000007332
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000007332-24-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7332/000000733224000016/0000007332-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7332/000000733224000016/swn-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000007332-24-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer