Company profile

Ticker
SWN
Exchange
Website
CEO
William J. Way
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
710205415

SWN stock data

(
)
FINRA relative short interest over last month (20 trading days) ?

Calendar

30 Apr 20
1 Jun 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 592M 745M 636M 667M
Net income -1.55B 110M 49M 138M
Diluted EPS
Net profit margin -261% 14.77% 7.70% 20.69%
Operating income -1.49B 64M -29M 22M
Net change in cash 0 -4M -62M -295M
Cash on hand 5M 5M 9M 71M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 3.04B 3.86B 3.2B 2.44B
Net income 891M 537M 1.05B -2.64B
Net profit margin 29.33% 13.90% 32.66% -108%
Operating income 270M 797M 731M -2.19B
Net change in cash -27M -229M 7M 239M
Cash on hand 5M 32M 261M 254M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
19 May 20 Kehr Catherine A Common Stock Grant Aquire A 0 68,028 0 397,622
19 May 20 Gass John D Deferred Stock Units Common Stock Grant Aquire A 0 68,028 0 133,388
19 May 20 Prevost Patrick M. Deferred Stock Units Common Stock Grant Aquire A 0 68,028 0 133,388
19 May 20 Marshall Jon A Common Stock Grant Aquire A 0 68,028 0 211,295
19 May 20 Kerley Gregory D Common Stock Grant Aquire A 0 68,028 0 612,836
13F holders
Current Prev Q Change
Total holders 266 281 -5.3%
Opened positions 40 50 -20.0%
Closed positions 55 45 +22.2%
Increased positions 84 91 -7.7%
Reduced positions 85 87 -2.3%
13F shares
Current Prev Q Change
Total value 3.51B 6.8B -48.5%
Total shares 570.33M 634.34M -10.1%
Total puts 3.99M 10.36M -61.4%
Total calls 4.49M 4.08M +10.2%
Total put/call ratio 0.9 2.5 -65.0%
Largest owners
Shares Value Change
BLK BlackRock 84.32M $142.51M +0.4%
FMR 81.16M $137.16M -0.0%
Vanguard 67.39M $113.89M -11.7%
STT State Street 56.23M $95.04M +29.8%
Dimensional Fund Advisors 34.12M $57.66M -5.5%
Kopernik Global Investors 27.8M $46.99M +39.8%
Disciplined Growth Investors 26.52M $44.82M +58.2%
Russell Investments 20.78M $35.1M +38.1%
Primecap Management 12.35M $20.87M -6.9%
NTRS Northern Trust 8.91M $15.05M +2.0%
Largest transactions
Shares Bought/sold Change
Aqr Capital Management 0 -24.62M EXIT
KGGAX Kopernik Global All-Cap Fund 0 -19.89M EXIT
STT State Street 56.23M +12.9M +29.8%
Disciplined Growth Investors 26.52M +9.76M +58.2%
Capital Research Global Investors 5.82M -9.35M -61.7%
Vanguard 67.39M -8.91M -11.7%
Norges Bank 0 -8.79M EXIT
Kopernik Global Investors 27.8M +7.91M +39.8%
Arrowstreet Capital, Limited Partnership 976.69K -5.9M -85.8%
Russell Investments 20.78M +5.73M +38.1%

Financial report summary

?
Competition
Kentucky USA Energy
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.
  • A downgrade in our credit rating could negatively impact our cost of and ability to access capital and our liquidity.
  • 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.
  • 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.
  • 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.
  • 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.
  • We may be unable to dispose of assets on attractive terms, and may be required to retain liabilities for certain matters.
  • 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.
  • Further regulations relating to and interpretations of the Tax Cuts and Jobs Act may have a material impact on our financial condition and results of operations.
  • 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.
  • 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.
Management Discussion
  • ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • 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 NGL 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” but previously referred to as “Midstream” when it included the operations of gathering systems.  We conduct most of our businesses through subsidiaries, and we currently operate exclusively in the lower 48 United States.
  • E&P.  Our primary business is the exploration for and production of natural gas, oil and NGLs, with our ongoing operations focused on the development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.  Our operations in northeast Pennsylvania, which we refer to as “Northeast Appalachia,” are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.  Our operations in West Virginia and southwest Pennsylvania, which we refer to as “Southwest Appalachia,” are focused on the Marcellus Shale, the Utica and the Upper Devonian unconventional natural gas and oil reservoirs.  Collectively, our properties in Pennsylvania and West Virginia are herein referred to as “Appalachia.” We also operate drilling rigs located in Pennsylvania and West Virginia, and we provide certain oilfield products and services, principally serving our E&P operations through vertical integration.
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