Southwestern Energy Announces Second Quarter 2019 Results
Southwestern Energy Company (SWN)
Last southwestern energy company earnings: 4/30 04:19 pm
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US:NYSE Investor Relations:
swn.com/investors/pages/default.aspx
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Source: Business Wire
Ongoing capital efficiencies driving top end of capital guidance lower; planned second half activity reduction underway SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) today announced financial and operating results for the quarter ended June 30, 2019.“SWN’s position as a leading Appalachia producer is underpinned by its operational outperformance, continued cost reduction, disciplined capital allocation and prudent commodity management. This, combined with a strong balance sheet and no material near term debt maturities, provides resilience in this volatile commodity price environment,” said Bill Way, President and Chief Executive Officer, Southwestern Energy.Planned second half activity reduction underway with average rig count reduced from 6 rigs in the first half to 2 rigs by the end of the third quarter;Invested total capital of $368 million, consistent with front-half loaded capital program;On track to deliver 25% annual average well cost reduction on
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