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SWN Southwestern Energy

Southwestern Energy Co. is a holding company, which engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs). It operates through the Exploration and Production (E&P); and Marketing segments. The E&P segment includes operations in northeast Pennsylvania, West Virginia, and southwest Pennsylvania, The Marketing segment deals in the marketing and transportation of natural gas, oil and NGLs primarily produced in E&P. The company was founded on July 2, 1929 and is headquartered in Spring, TX.

Company profile

SWN stock data

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Calendar

1 Mar 21
22 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Feb 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 13M 13M 13M 13M 13M 13M
Cash burn (monthly) 27.33M (positive/no burn) 81.33M 239.25M (positive/no burn) (positive/no burn)
Cash used (since last report) 102.31M n/a 304.44M 895.54M n/a n/a
Cash remaining -89.31M n/a -291.44M -882.54M n/a n/a
Runway (months of cash) -3.3 n/a -3.6 -3.7 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Mar 21 Andrew T Huggins RSU Common Stock Grant Aquire A No No 0 33,937 0 33,937
27 Feb 21 Michael E Hancock Common Stock Payment of exercise Dispose F No No 4.05 2,196 8.89K 26,971
27 Feb 21 Michael E Hancock Common Stock Option exercise Aquire M No No 0 9,015 0 29,167
27 Feb 21 Michael E Hancock RSU Common Stock Option exercise Dispose M No No 0 9,015 0 9,015
27 Feb 21 William J Way Common Stock Payment of exercise Dispose F No No 4.05 117,983 477.83K 1,855,791
27 Feb 21 William J Way Common Stock Grant Aquire A No No 0 484,525 0 1,973,774
27 Feb 21 William J Way Common Stock Payment of exercise Dispose F No No 4.05 76,265 308.87K 1,489,249
27 Feb 21 William J Way Common Stock Option exercise Aquire M No No 0 193,810 0 1,565,514
27 Feb 21 William J Way RSU Common Stock Option exercise Dispose M No No 0 193,810 0 193,810
27 Feb 21 Clayton A. Carrell Common Stock Payment of exercise Dispose F No No 4.05 58,535 237.07K 551,582

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

88.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 300 264 +13.6%
Opened positions 66 38 +73.7%
Closed positions 30 41 -26.8%
Increased positions 100 97 +3.1%
Reduced positions 76 67 +13.4%
13F shares
Current Prev Q Change
Total value 1.78B 1.44B +23.9%
Total shares 597.22M 611.12M -2.3%
Total puts 3.69M 7.66M -51.9%
Total calls 3.72M 2.47M +50.8%
Total put/call ratio 1.0 3.1 -68.1%
Largest owners
Shares Value Change
BLK Blackrock 100.02M $298.05M +8.8%
FMR 87.02M $259.32M -0.6%
Vanguard 72.53M $216.14M +7.4%
STT State Street 35.86M $106.88M +1.5%
Dimensional Fund Advisors 35.42M $105.54M -7.9%
Disciplined Growth Investors 29.06M $86.6M -2.1%
Kopernik Global Investors 24.19M $72.09M -15.3%
EnCap Energy Capital Fund IX 13.76M $41.02M NEW
Primecap Management 11.01M $32.8M -3.7%
Russell Investments 10.66M $31.8M -19.9%
Largest transactions
Shares Bought/sold Change
Zimmer Partners 0 -25.72M EXIT
EnCap Energy Capital Fund IX 13.76M +13.76M NEW
BLK Blackrock 100.02M +8.11M +8.8%
Vanguard 72.53M +4.99M +7.4%
Kopernik Global Investors 24.19M -4.37M -15.3%
Balyasny Asset Management 0 -4.19M EXIT
Point72 Asset Management 1.14M -3.27M -74.2%
Dimensional Fund Advisors 35.42M -3.02M -7.9%
Russell Investments 10.66M -2.65M -19.9%
Millennium Management 332.45K -2.44M -88.0%

Financial report summary

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Risks
  • Natural gas, oil and NGL prices greatly affect our revenues and thus profits, liquidity, growth, ability to repay our debt and the value of our assets.
  • Significant capital investment is required to replace our reserves and conduct our business.
  • Our business depends on access to natural gas, oil and NGL transportation systems and facilities. Our commitments to assure availability of transportation could lead to substantial payments for capacity we do not use if production falls below projected levels.
  • Strategic determinations, including the allocation of capital and other resources to strategic opportunities, are challenging in the face of shifting market conditions, and our failure to appropriately allocate capital and resources among our strategic opportunities may adversely affect our financial condition and reduce our future growth rate.
  • Certain of our undeveloped assets are subject to leases that will expire over the next several years unless production is established on units containing the acreage.
  • Natural gas and oil drilling and producing and transportation operations can be hazardous and may expose us to liabilities.
  • Our business depends on the availability of water and the ability to dispose of water. Limitations or restrictions on our ability to obtain or dispose of water may have an adverse effect on our financial condition, results of operations and cash flows.
  • Our producing properties are concentrated in the Appalachian basin, making us vulnerable to risks associated with operating in limited geographic areas.
  • Competition in the oil and natural gas industry is intense, making it more difficult for us to market natural gas, oil and NGLs, to secure trained personnel and appropriate services, to obtain additional properties and to raise capital.
  • We may be unable to dispose of assets on attractive terms, and may be required to retain liabilities for certain matters.
  • Certain U.S. federal income tax deductions currently available with respect to oil and natural gas exploration and production may be eliminated as a result of future legislation.
  • We may experience adverse or unforeseen tax consequences due to further developments affecting our deferred tax assets that could significantly affect our results.
  • A cyber incident could result in information theft, data corruption, operational disruption and/or financial loss.
  • Terrorist activities could materially and adversely affect our business and results of operations.
  • The widespread outbreak of an illness, pandemic (such as COVID-19) or any other public health crisis may have material adverse effects on our financial position, results of operations or cash flows.
  • Negative public perception regarding us and/or our industry could have an adverse effect on our operations.
  • Judicial decisions can affect our rights and obligations.
  • Common stockholders will be diluted if additional shares are issued.
  • Anti-takeover provisions in our organizational documents and under Delaware law may impede or discourage a takeover, which could cause the market price of our common stock to decline.
  • A downgrade in our credit rating could negatively impact our cost of and ability to access capital and our liquidity.
  • Any significant reduction in the borrowing base under our revolving credit facility may negatively impact our ability to fund our operations, and we may not have sufficient funds to repay borrowings under our revolving credit facility if required as a result of a borrowing base redetermination.
  • Our ability to comply with the covenants and other restrictions in our financing agreements may be affected by events beyond our control, including prevailing economic and financial conditions.
  • Climate change legislation or regulations governing the emissions of greenhouse gases could result in increased operating costs and reduce demand for the natural gas, oil and NGLs we produce, and concern in financial and investment markets over greenhouse gasses and fossil fuel production could adversely affect our access to capital and the price of our common stock.
  • Market views of our industry generally can affect our stock price.
  • Volatility in the financial markets or in global economic factors could adversely impact our business and financial condition.
  • Our commodity price risk management and measurement systems and economic hedging activities might not be effective and could increase the volatility of our results.
  • The implementation of derivatives legislation could have an adverse effect on our ability to use derivative instruments to reduce the effect of commodity price, interest rate and other risks associated with our business.
  • Southwestern may not achieve the anticipated benefits of the Merger, and the Merger may disrupt its current plans or operations.
Management Discussion
  • ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • Management’s Discussion and Analysis is the Company’s analysis of its financial performance and of significant trends that may affect future performance.  It should be read in conjunction with the financial statements and notes, and supplemental oil and gas disclosures included elsewhere in this report.  It contains forward-looking statements including, without limitation, statements relating to the Company’s plans, strategies, objectives, expectations and intentions that are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.  In many cases you can identify forward-looking statements by words such as “anticipate,” “intend,” “plan,” “project,” “estimate,” “continue,” “potential,” “should,” “could,” “may,” “will,” “objective,” “guidance,” “outlook,” “effort,” “expect,” “believe,” “predict,” “budget,” “projection,” “goal,” “forecast,” “target” or similar words.  Unless required to do so under the federal securities laws, the Company does not undertake to update, revise or correct any forward-looking statements, whether as a result of new information, future events or otherwise.  Readers are cautioned that such forward-looking statements should be read in conjunction with the Company’s disclosures under the heading: “Cautionary Statement about Forward-Looking Statements.”
  • Southwestern Energy Company (including its subsidiaries, collectively, “we,” “our,” “us,” “the Company” or “Southwestern”) is an independent energy company engaged in natural gas, oil and NGLs exploration, development and production, which we refer to as “E&P.”  We are also focused on creating and capturing additional value through our marketing business, which we call “Marketing”.  We conduct most of our businesses through subsidiaries, and we currently operate exclusively in the lower 48 United States.
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