Advertisement
Singapore markets closed
  • Straits Times Index

    3,461.16
    +23.90 (+0.70%)
     
  • S&P 500

    5,564.41
    +59.41 (+1.08%)
     
  • Dow

    40,415.44
    +127.91 (+0.32%)
     
  • Nasdaq

    18,007.57
    +280.63 (+1.58%)
     
  • Bitcoin USD

    66,506.18
    -1,198.12 (-1.77%)
     
  • CMC Crypto 200

    1,373.13
    -12.13 (-0.88%)
     
  • FTSE 100

    8,182.68
    -16.10 (-0.20%)
     
  • Gold

    2,410.00
    +15.30 (+0.64%)
     
  • Crude Oil

    79.95
    +0.17 (+0.21%)
     
  • 10-Yr Bond

    4.2270
    -0.0330 (-0.77%)
     
  • Nikkei

    39,594.39
    -4.61 (-0.01%)
     
  • Hang Seng

    17,469.36
    -166.52 (-0.94%)
     
  • FTSE Bursa Malaysia

    1,629.68
    +7.61 (+0.47%)
     
  • Jakarta Composite Index

    7,313.86
    -8.12 (-0.11%)
     
  • PSE Index

    6,753.12
    +41.07 (+0.61%)
     

Southwestern Energy (SWN) Reports Q4 Earnings: What Key Metrics Have to Say

Southwestern Energy (SWN) reported $1.69 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 49.9%. EPS of $0.17 for the same period compares to $0.26 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.51 billion, representing a surprise of +11.95%. The company delivered an EPS surprise of +30.77%, with the consensus EPS estimate being $0.13.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Southwestern Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Average realized NGL price per Bbl (including derivatives): $23 compared to the $21.86 average estimate based on six analysts.

  • Average realized oil price per Bbl (including derivatives): $57.21 versus the six-analyst average estimate of $57.51.

  • Average realized gas price per Mcf (including derivatives): $2.43 versus the six-analyst average estimate of $2.43.

  • Production - Total: 410 Bcfe versus the six-analyst average estimate of 412.19 Bcfe.

  • Production - Natural gas production: 352 Bcf versus 355.54 Bcf estimated by five analysts on average.

  • Production - NGL production: 8,144 MBBL versus the five-analyst average estimate of 8,195.72 MBBL.

  • Average realized oil price per Bbl (excluding derivatives): $67.55 compared to the $66.42 average estimate based on five analysts.

  • Average realized NGL price per Bbl (excluding derivatives): $21.96 versus $21.73 estimated by five analysts on average.

  • Average realized gas price per Mcf (excluding derivative): $2.14 versus $2.19 estimated by five analysts on average.

  • Operating Revenues- Gas sales: $766 million versus $835.78 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -62.5% change.

  • Operating Revenues- Gas marketing: $648 million compared to the $655.13 million average estimate based on three analysts. The reported number represents a change of -38.2% year over year.

  • Operating Revenues- Oil sales: $98 million compared to the $84.75 million average estimate based on two analysts. The reported number represents a change of +8.9% year over year.

View all Key Company Metrics for Southwestern Energy here>>>

Shares of Southwestern Energy have returned +10.6% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Southwestern Energy Company (SWN) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research