Southwestern Energy: Q2 Earnings Snapshot

Associated Press Finance
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SPRING, Texas (AP) — SPRING, Texas (AP) — Southwestern Energy Co. (SWN) on Thursday reported a loss of $608 million in its second quarter.

On a per-share basis, the Spring, Texas-based company said it had a loss of 55 cents. Earnings, adjusted for one-time gains and costs, were 10 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The independent oil and gas company posted revenue of $1.08 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $1.39 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SWN at https://www.zacks.com/ap/SWN