Southwestern Energy Company is an independent energy company engaged in natural gas, natural gas liquids and oil exploration, development, production and marketing.

Company profile
Ticker
SWN
Exchange
Website
CEO
William Way
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Angelina Gathering Company, LLC • A.W. Realty Company, LLC • DGM Minerals LLC • GEP Haynesville, LLC • GEPH Operating, LLC • GEPH Properties, LLC • GEPH Corporation • SW Gathering, LLC • SWN Drilling Company, LLC • SWN E & P Services, LLC ...
IRS number
710205415
SWN stock data
News

Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios
17 May 22
Looking Into Southwestern Energy's Return On Capital Employed
4 May 22
Southwestern Energy Q1 EPS $0.40 Beats $0.38 Estimate, Sales $1.69B Beat $1.57B Estimate
28 Apr 22
Earnings Scheduled For April 28, 2022
28 Apr 22
Earnings Outlook For Southwestern Energy
27 Apr 22
Press releases
Southwestern Energy Announces First Quarter 2022 Results
28 Apr 22
Southwestern Energy Announces Amended and Restated Credit Agreement
12 Apr 22
Southwestern Energy Schedules First Quarter Conference Call for April 29, 2022
11 Apr 22
Thinking about buying stock in Roblox, GameStop, Southwestern Energy, General Electric, or Hycroft Mining?
4 Apr 22
Energy Sector First Quarter Highlights- Capital Gains Report
4 Apr 22
Analyst ratings and price targets
Current price
Average target
$10.18
Low target
$8.25
High target
$13.00
Citigroup
Maintains
$8.25
Raymond James
Maintains
$10.50
Morgan Stanley
Maintains
$8.50
Piper Sandler
Upgraded
$12.00
Mizuho
Maintains
$13.00
Seaport Global
Initiated
$9.00
Wells Fargo
Downgraded
$10.00
Calendar
28 Apr 22
20 May 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 21M | 21M | 21M | 21M | 21M | 21M |
Cash burn (monthly) | 2.33M | (no burn) | 890.33M | 156.17M | (no burn) | (no burn) |
Cash used (since last report) | 3.87M | n/a | 1.48B | 258.94M | n/a | n/a |
Cash remaining | 17.13M | n/a | -1.46B | -237.94M | n/a | n/a |
Runway (months of cash) | 7.3 | n/a | -1.6 | -1.5 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Mar 22 | Andrew T Huggins | Common Stock | Sale back to company | Dispose D | No | No | 5.54 | 11,312 | 62.67K | 91,586 |
11 Mar 22 | Andrew T Huggins | Common Stock | Option exercise | Acquire M | No | No | 0 | 11,312 | 0 | 102,898 |
11 Mar 22 | Andrew T Huggins | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 11,312 | 0 | 22,625 |
23 Feb 22 | William J Way | Common Stock | Sale back to company | Dispose D | No | No | 4.61 | 206,110 | 950.17K | 1,855,791 |
23 Feb 22 | William J Way | Common Stock | Option exercise | Acquire M | No | No | 0 | 206,110 | 0 | 2,061,901 |
23 Feb 22 | William J Way | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 206,110 | 0 | 412,220 |
23 Feb 22 | Christopher W Lacy | Common Stock | Sale back to company | Dispose D | No | No | 4.61 | 19,086 | 87.99K | 17,064 |
23 Feb 22 | Christopher W Lacy | Common Stock | Option exercise | Acquire M | No | No | 0 | 19,086 | 0 | 36,150 |
23 Feb 22 | Christopher W Lacy | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 19,086 | 0 | 38,174 |
23 Feb 22 | Richard Jason Kurtz | Common Stock | Sale back to company | Dispose D | No | No | 4.61 | 15,270 | 70.39K | 94,747 |
Institutional ownership, Q1 2022
85.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 373 |
Opened positions | 87 |
Closed positions | 51 |
Increased positions | 126 |
Reduced positions | 94 |
13F shares | Current |
---|---|
Total value | 6.97B |
Total shares | 949.67M |
Total puts | 4.32M |
Total calls | 12.38M |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 168.74M | $1.21B |
Vanguard | 128.22M | $919.35M |
FMR | 103.71M | $743.63M |
STT State Street | 55.93M | $401.05M |
Yorktown Energy Partners X | 34.46M | $247.11M |
Disciplined Growth Investors | 27.5M | $197.17M |
D. E. Shaw & Co. | 25.22M | $180.82M |
Yorktown Energy Partners XI | 23.35M | $167.4M |
Geode Capital Management | 17.97M | $128.87M |
Dimensional Fund Advisors | 15.07M | $108.06M |
Financial report summary
?Risks
- Natural gas, oil and NGL prices and basis differentials 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 develop and replace our reserves and conduct our business.
- Our business depends on access to natural gas, oil and NGL gathering, processing and transportation systems and facilities. Changes to access and cost of these systems and facilities could adversely impact our business and financial condition. 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 are complex and can be hazardous and may expose us to liabilities. Incidents related to HSE performance and our asset and operating integrity could adversely impact our business and financial condition.
- 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.
- A large portion of our producing properties remain concentrated in the Appalachian basin, making us vulnerable to risks associated with operating in limited geographic areas.
- Many of our business operations depend on activities performed by third parties. Changes to availability, costs and performance of personnel, products and services provided by third parties could adversely impact our business and financial condition.
- Changes to the ability of our customers to receive our products or meet their financial, performance and other obligations to us could adversely impact our business and financial condition.
- 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.
- Changes to applicable U.S. tax laws and regulations could affect our business and future profitability.
- Our ability to use our net operating loss carryforwards and certain other tax attributes will be limited.
- We may experience adverse or unforeseen tax consequences due to further developments affecting our deferred tax assets which could significantly affect our results of operations.
- 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 physical impacts of adverse weather may have a negative impact on our business and results of operations.
- Negative public perception regarding us and/or our industry and increasing attention to ESG matters could have an adverse effect on our business, financial condition and results of operations and damage our reputation.
- 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.
- Loss of our key executive officers or other personnel, or an inability to attract and retain such officers and personnel, could negatively affect our business.
- The COVID-19 pandemic has negatively affected, and may in the future negatively affect, our business, operating results and financial condition.
- 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 2018 credit facility may negatively impact our ability to fund our operations, and we may not have sufficient funds to repay borrowings under our 2018 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.
- The elimination of LIBOR may adversely affect the cost of our borrowings.
- 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.
- The trading price and volume of our common stock may be volatile, and you could lose a significant portion of your investment.
- Market views of our industry generally can affect our stock price, liquidity and ability to obtain financing.
- 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.
- We may not achieve the anticipated benefits of the Indigo Merger and the GEPH Merger, and the Indigo Merger and the GEPH Merger may disrupt our current plans or operations.
Management Discussion
- ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
- We are an independent energy company engaged in natural gas, oil and NGLs development, exploration 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 Appalachian and Haynesville natural gas basins in the lower 48 United States.
- E&P. Our primary business is the development and production of natural gas as well as associated NGLs and oil, with our ongoing operations focused on unconventional natural gas reservoirs located in Pennsylvania, West Virginia, Ohio and Louisiana. Our operations in Pennsylvania, West Virginia and Ohio, which we refer to as “Appalachia,” are focused on the Marcellus Shale, the Utica and the Upper Devonian unconventional natural gas and liquids reservoirs. Our operations in Louisiana, which we refer to as “Haynesville,” are primarily focused on the Haynesville and Bossier natural gas reservoirs. We also have drilling rigs located in Appalachia and Haynesville, and we provide certain oilfield products and services, principally serving our E&P operations through vertical integration. In just over one year, we have completed three strategic acquisitions which have added scale to our operations and have laid the foundation for our future:
Content analysis
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H.S. sophomore Avg
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New words:
absent, accessible, age, aim, annum, Appalachian, BBB, callable, care, collateral, commercial, contributory, corridor, criteria, declaring, deploying, depth, diversification, earning, electricity, eligible, enabled, engineering, enhance, enhancing, enterprise, ESG, evolving, expansion, extension, fall, foregoing, foundation, geopolitical, greatest, growing, HSE, intention, interpretation, inventory, junior, justify, laid, LNG, mandatory, medical, mirror, monetize, movement, noncurrent, opportunity, overfunded, overseen, partnership, PDP, permissive, power, prime, profile, ranking, recovered, relevant, revert, rolling, satisfactory, similarly, strength, strive, strong, title, tracked, underground, voluntary, world
Removed:
accomplish, addressed, Administration, administrator, alleging, America, announcement, anticipation, applied, behalf, calendar, carrier, cessation, CFR, charge, Codification, consistent, Consumer, corporation, County, decline, declined, deducting, demonstrate, denied, depositary, director, disciplined, disclose, discontinuation, District, doubt, Exhibit, Fayetteville, Fire, formation, fractional, Framework, Generating, identifying, intraperiod, JP, knowledge, lieu, long, Lucie, maximize, Maximizing, Mcf, merge, methodology, mine, modified, Morgan, motion, original, par, payroll, phased, plaintiff, prospective, putative, realignment, reclassification, recognition, reconciliation, recording, registration, remanded, removal, removed, removing, replaced, requested, retrospective, reverse, review, selected, simplification, Simplifying, smaller, St, Street, supported, Supreme, surviving, tenor, transition, travel, trial, Trust, twelve, underwritten, unrelated, waiver, Wall
Financial reports
Current reports
8-K
Southwestern Energy Announces First Quarter 2022 Results
28 Apr 22
8-K
Southwestern Energy Announces Amended and Restated Credit Agreement
12 Apr 22
8-K/A
Other Events
3 Mar 22
8-K
Southwestern Energy Announces Fourth Quarter and Full Year 2021 Results; Provides 2022 Guidance
23 Feb 22
8-K
Other Events
5 Jan 22
8-K
Southwestern Energy Completes Acquisition of Gep Haynesville
4 Jan 22
8-K
Entry into a Material Definitive Agreement
22 Dec 21
8-K
Southwestern Energy Announces Proposed Block Trade of 63,976,376 Shares of
15 Dec 21
8-K
Southwestern Energy Announces Early Results of
8 Dec 21
8-K
Regulation FD Disclosure
3 Dec 21
Registration and prospectus
424B7
Prospectus with selling stockholder info
5 Jan 22
424B4
Prospectus supplement with pricing info
13 Dec 21
424B3
Prospectus supplement
13 Dec 21
424B5
Prospectus supplement for primary offering
10 Dec 21
FWP
Free writing prospectus
8 Dec 21
424B5
Prospectus supplement for primary offering
8 Dec 21
POSASR
Automatic shelf registration (post-effective amendment)
8 Dec 21
424B3
Prospectus supplement
15 Oct 21
S-4/A
Registration of securities issued in business combination transactions (amended)
12 Oct 21
S-4
Registration of securities issued in business combination transactions
6 Sep 21
Proxies
DEFR14A
Revised proxy
6 May 22
DEFA14A
Additional proxy soliciting materials
8 Apr 22
DEFM14A
Proxy related to merger
20 Jul 21
PREM14A
Preliminary proxy related to merger
2 Jul 21
DEFA14A
Additional proxy soliciting materials
2 Jun 21
DEFA14A
Additional proxy soliciting materials
3 May 21
DEFA14A
Additional proxy soliciting materials
8 Apr 21
DEF 14A
Definitive proxy
8 Apr 21
Other
EFFECT
Notice of effectiveness
18 Oct 21
CORRESP
Correspondence with SEC
12 Oct 21
CORRESP
Correspondence with SEC
12 Oct 21
UPLOAD
Letter from SEC
12 Sep 21
EFFECT
Notice of effectiveness
25 Nov 20
EFFECT
Notice of effectiveness
7 Oct 20
CORRESP
Correspondence with SEC
4 Oct 20
UPLOAD
Letter from SEC
23 Sep 20
UPLOAD
Letter from SEC
14 Jun 18
CORRESP
Correspondence with SEC
6 Jun 18
Ownership
4
SOUTHWESTERN ENERGY / Andrew T Huggins ownership change
15 Mar 22
4
SOUTHWESTERN ENERGY / Richard Jason Kurtz ownership change
28 Feb 22
4
SOUTHWESTERN ENERGY / Andrew T Huggins ownership change
28 Feb 22
4
SOUTHWESTERN ENERGY / Carina L Gillenwater ownership change
28 Feb 22
4
SOUTHWESTERN ENERGY / Derek W Cutright ownership change
28 Feb 22
4
SOUTHWESTERN ENERGY / Christopher W Lacy ownership change
28 Feb 22
4
SOUTHWESTERN ENERGY / Carl Fredrick Giesler ownership change
28 Feb 22
4
SOUTHWESTERN ENERGY / William J Way ownership change
27 Feb 22
4
SOUTHWESTERN ENERGY / Clayton A. Carrell ownership change
27 Feb 22
4
SOUTHWESTERN ENERGY / John P Kelly ownership change
27 Feb 22
Patents
Utility
NMR sequential fluid characterization
26 Jan 21
Methods and systems for determining location of hydrocarbon in unconventional plays are provided.
Utility
NMR Sequential Fluid Characterization
19 Aug 20
Methods and systems for determining location of hydrocarbon in unconventional plays are provided.
Utility
Proppant and methods of using the same
20 Jan 20
Provided herein are novel proppants for use in hydraulic fracturing.
Transcripts
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
25 Feb 22
2021 Q3
Earnings call transcript
4 Nov 21
2021 Q2
Earnings call transcript
30 Jul 21
2021 Q1
Earnings call transcript
30 Apr 21
2020 Q4
Earnings call transcript
26 Feb 21
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
1 May 20
2019 Q4
Earnings call transcript
28 Feb 20
Reddit threads
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28 Apr 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26, 2022
26 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
Most Anticipated Earnings Releases for the week beginning April 25th, 2022
23 Apr 22