Southwestern Energy Announces $1 Billion Share Repurchase Program
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
Complements continued debt repayment within its comprehensive capital allocation strategy SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (“SWN or the “Company”) (NYSE: SWN) today announced that its Board of Directors authorized a share repurchase program.Key Highlights:Authorization for up to $1 billion of share repurchases through the end of 2023Continued prioritization of debt reduction, consistent with strategic objective of returning to investment gradeBased on current strip prices and market conditions, the Company expects to be able to execute on the full amount of the program while also achieving its target 1.5x to 1.0x leverage ratio range by the end of 2022 and target $3.5 billion to $3.0 billion debt range by the end of 2023“Southwestern Energy’s disciplined capital allocation strategy prioritizes financial strength through maintenance capital investment, reduction of debt, and now the next complementary step – initiation of a sustainable return of capital pr
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SWN
News
- Southwestern Energy (NYSE: SWN) had its price target raised by analysts at Stifel Nicolaus from $6.60 to $7.60. They now have a "hold" rating on the stock.MarketBeat
- Southwestern Energy (NYSE: SWN) had its price target raised by analysts at Susquehanna from $7.00 to $7.50. They now have a "neutral" rating on the stock.MarketBeat
- Southwestern Energy (NYSE: SWN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Southwestern Energy (NYSE: SWN) was downgraded by analysts at Piper Sandler from an "overweight" rating to a "neutral" rating. They now have a $7.00 price target on the stock, down previously from $8.00.MarketBeat
- Southwestern Energy Schedules First Quarter Earnings Release Date for May 2, 2024Business Wire
SWN
Earnings
- 2/22/24 - Beat
SWN
Sec Filings
- 4/5/24 - Form 425
- 4/5/24 - Form 425
- 4/5/24 - Form 425
- SWN's page on the SEC website