Last10K.com

Southwestern Energy Co (SWN) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Southwestern Energy Co

HISTORY TOOLS
CIK: 7332 Ticker: SWN
swnheadera.jpg
NEWS RELEASE

SOUTHWESTERN ENERGY ANNOUNCES SECOND QUARTER 2021 RESULTS
Strategically positioned to capture sustainable value from increasing scale and responsible development

SPRING, Texas – July 29, 2021...Southwestern Energy Company (NYSE: SWN) today announced financial and operating results for the second quarter ended June 30, 2021.

•Integration planning for scale-enhancing acquisition and Haynesville entry ahead of schedule; shareholder vote set for August 27th;
•Implemented basin-wide project to certify and continuously monitor potential emissions from all Appalachia unconventional wells;
•Further reduced leverage ratio by 0.4x to 2.6x; sustainable 2x leverage expected in late 2021;
•Generated $270 million net cash provided by operating activities; invested $259 million consistent with our maintenance capital plan; expect free cash flow to ramp in second half 2021;
•Captured promised $100 per foot well costs savings on first three Ohio Utica wells;
•Reported total production of 276 Bcfe, or 3.0 Bcfe per day, including 2.4 Bcf per day of gas and 104 MBbls per day of liquids;
•Received weighted average realized price (excluding impact of transportation and hedges) of $2.92 per Mcfe; and
•Approximately 90% of remaining 2021 Appalachia natural gas basis protected; annual differential guidance range remains unchanged.

“Southwestern Energy meaningfully advanced its strategic value-creation objectives during the quarter. The Company announced a significant acquisition that we believe is highly accretive across both equity and credit metrics. The addition of Indigo further positions SWN as a leading natural gas company; it expands our investment opportunities across the nation’s top two natural gas basins and enhances our margins while reducing basis volatility. Additionally, in alignment with our ESG strategy, we initiated the certification and continuous monitoring of all Appalachia unconventional wells. These two strategic actions enhance sustainable and responsible value creation for all stakeholders,” said Bill Way, Southwestern Energy President and Chief Executive Officer.


The following information was filed by Southwestern Energy Co (SWN) on Thursday, July 29, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Southwestern Energy Co's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Southwestern Energy Co.

Continue

Assess how Southwestern Energy Co's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Southwestern Energy Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
M & A
Other
Filter Subcategory:
All
Cash Flow
Income
Earnings
Expense
Product
Debt
Other
Inside Southwestern Energy Co's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Comprehensive Income (Loss) (Parenthetical)
Consolidated Statements Of Operations
Acquisition
Acquisition (Narrative) (Details)
Acquisition (Tables)
Acquisition - (Schedule Of Consideration Paid To Stockholders Of Montage) (Details)
Acquisition - (Schedule Of Pro Forma) (Details)
Acquisition - (Schedule Of The Allocation Of Purchase Price) (Details)
Basis Of Presentation
Basis Of Presentation (Narrative) (Details)
Cash And Cash Equivalents
Cash And Cash Equivalents (Summary Of Cash And Cash Equivalents) (Details)
Cash And Cash Equivalents (Tables)
Commitments And Contingencies
Commitments And Contingencies (Narrative) (Details)
Commitments And Contingencies (Schedule Of Future Obligation Under Transportation Agreements) (Details)
Commitments And Contingencies (Tables)
Debt
Debt (2018 Revolving Credit Facility - Narrative) (Details)
Debt (Components Of Debt) (Details)
Debt (Schedule Of Debt Maturities) (Details)
Debt (Senior Notes - Narrative) (Details)
Debt (Tables)
Derivatives And Risk Management
Derivatives And Risk Management (Balance Sheet Classification Of Derivative Financial Instruments) (Details)
Derivatives And Risk Management (Narrative) (Details)
Derivatives And Risk Management (Schedule Of Derivative Instruments Notional Amount, Weighted Average Contract Prices And Fair Value) (Details)
Derivatives And Risk Management (Summary Of Before Tax Effect Of Fair Value Hedges Not Designated For Hedge Accounting) (Details)
Derivatives And Risk Management (Tables)
Earnings Per Share
Earnings Per Share (Narrative) (Details)
Earnings Per Share (Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share) (Details)
Earnings Per Share (Schedule Of Earnings Per Share) (Details)
Earnings Per Share (Tables)
Fair Value Measurements
Fair Value Measurements (Carrying Amount And Estimated Fair Values Of Financial Instruments) (Details)
Fair Value Measurements (Narrative) (Details)
Fair Value Measurements (Summary Of Assets And Liabilities Measured At Fair Value On Recurring Basis) (Details)
Fair Value Measurements (Tables)
Income Taxes
Income Taxes (Narrative) (Details)
Long-Term Incentive Compensation
Long-Term Incentive Compensation (Narrative) (Details)
Long-Term Incentive Compensation (Schedule Of Equity-Classified Stock-Based Compensation Costs) (Details)
Long-Term Incentive Compensation (Schedule Of Liability-Classified Stock-Based Compensation Costs) (Details)
Long-Term Incentive Compensation (Schedule Of Stock-Based Compensation Costs) (Details)
Long-Term Incentive Compensation (Summary Of Equity-Classified Restricted Stock Activity) (Details)
Long-Term Incentive Compensation (Summary Of Equity-Classified Restricted Stock Units Activity) (Details)
Long-Term Incentive Compensation (Summary Of Equity-Classified Stock Option Activity) (Details)
Long-Term Incentive Compensation (Summary Of Liability-Classified Performance Cash Awards ) (Details)
Long-Term Incentive Compensation (Summary Of Liability-Classified Restricted Cash Unit Activity) (Details)
Long-Term Incentive Compensation (Summary Of Liability-Classified Restricted Stock Unit Activity) (Details)
Long-Term Incentive Compensation (Tables)
Natural Gas And Oil Properties
Natural Gas And Oil Properties (Narrative) (Details)
Natural Gas And Oil Properties (Tables)
New Accounting Pronouncements
New Accounting Pronouncements (Policies)
Pension Plan And Other Postretirement Benefits
Pension Plan And Other Postretirement Benefits (Narrative) (Details)
Pension Plan And Other Postretirement Benefits (Pension And Other Postretirement Benefit Costs) (Details)
Pension Plan And Other Postretirement Benefits (Tables)
Reclassifications From Accumulated Other Comprehensive Income (Loss)
Reclassifications From Accumulated Other Comprehensive Income (Loss) (Amounts Reclassified From Accumulated Other Comprehensive Income (Loss)) (Details)
Reclassifications From Accumulated Other Comprehensive Income (Loss) (Components Of Accumulated Other Comprehensive Income (Loss)) (Details)
Reclassifications From Accumulated Other Comprehensive Income (Loss) (Tables)
Restructuring Charges
Restructuring Charges (Restructuring Reserve Rollforward) (Details)
Restructuring Charges (Summary Of Restructuring Charges) (Details)
Restructuring Charges (Tables)
Revenue Recognition
Revenue Recognition (Disaggregation Of Revenue By Segment) (Details)
Revenue Recognition (Disaggregation Of Revenue On Geographic Basis) (Details)
Revenue Recognition (Narrative) (Details)
Revenue Recognition (Reconciliation Of Accounts Receivable) (Details)
Revenue Recognition (Tables)
Segment Information
Segment Information (Details)
Segment Information (Schedule Of Other Assets) (Details)
Segment Information (Tables)
Ticker: SWN
CIK: 7332
Form Type: 10-Q Quarterly Report
Accession Number: 0000007332-21-000058
Submitted to the SEC: Thu Jul 29 2021 4:21:43 PM EST
Accepted by the SEC: Thu Jul 29 2021
Period: Wednesday, June 30, 2021
Industry: Crude Petroleum And Natural Gas

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/swn/0000007332-21-000058.htm