02.11.2023 21:26:32 - dpa-AFX: Southwestern Energy Co. Q3 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - Southwestern Energy Co. (SWN) released earnings for
third quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $45 million, or $0.04 per share. This compares
with $450 million, or $0.40 per share, in last year's third quarter.

Excluding items, Southwestern Energy Co. reported adjusted earnings of $106
million or $0.10 per share for the period.

Analysts on average had expected the company to earn $0.08 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 68.3% to $1.44 billion from $4.54
billion last year.

Southwestern Energy Co. earnings at a glance (GAAP) :

-Earnings (Q3): $45 Mln. vs. $450 Mln. last year.
-EPS (Q3): $0.04 vs. $0.40 last year.
-Analyst Estimates: $0.08
-Revenue (Q3): $1.44 Bln vs. $4.54 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
SOUTHWESTERN EN. DL -,01 887333 Frankfurt 6,252 27.06.24 08:20:02 -0,052 -0,82% 6,252 6,376 6,252 6,304

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