We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Southwestern Energy (SWN) Reports Q3 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Southwestern Energy (SWN - Free Report) reported $1.44 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 68.2%. EPS of $0.10 for the same period compares to $0.32 a year ago.
The reported revenue represents a surprise of +1.52% over the Zacks Consensus Estimate of $1.42 billion. With the consensus EPS estimate being $0.08, the EPS surprise was +25.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Southwestern Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average gas price per Mcf (including derivatives): $2.13 compared to the $1.78 average estimate based on six analysts.
Production - Total: 425 Bcfe compared to the 429.9 Bcfe average estimate based on six analysts.
Average oil price per Bbl (including derivatives): $56.60 compared to the $55.60 average estimate based on six analysts.
Total Production NGL: 8,228 MBBL versus the five-analyst average estimate of 8,412.83 MBBL.
Average oil price per Bbl (excluding derivatives): $71.09 compared to the $67.68 average estimate based on five analysts.
Average realized gas price per Mcf (excluding derivative): $1.66 versus the five-analyst average estimate of $1.77.
Average NGL price per Bbl (including derivatives): $21.41 versus $21.37 estimated by five analysts on average.
Total Gas production: 368 Bcf versus the five-analyst average estimate of 371.54 Bcf.
Revenues- Gas sales: $627 million versus $769.51 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -78.3% change.
Revenues- Gas marketing: $553 million compared to the $515.16 million average estimate based on four analysts. The reported number represents a change of -57.4% year over year.
Revenues- Oil sales: $94 million versus the three-analyst average estimate of $87.75 million. The reported number represents a year-over-year change of -6%.
Revenues- NGL sales: $169 million versus $185.44 million estimated by two analysts on average.
Shares of Southwestern Energy have returned +18.2% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Southwestern Energy (SWN) Reports Q3 Earnings: What Key Metrics Have to Say
Southwestern Energy (SWN - Free Report) reported $1.44 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 68.2%. EPS of $0.10 for the same period compares to $0.32 a year ago.
The reported revenue represents a surprise of +1.52% over the Zacks Consensus Estimate of $1.42 billion. With the consensus EPS estimate being $0.08, the EPS surprise was +25.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Southwestern Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average gas price per Mcf (including derivatives): $2.13 compared to the $1.78 average estimate based on six analysts.
- Production - Total: 425 Bcfe compared to the 429.9 Bcfe average estimate based on six analysts.
- Average oil price per Bbl (including derivatives): $56.60 compared to the $55.60 average estimate based on six analysts.
- Total Production NGL: 8,228 MBBL versus the five-analyst average estimate of 8,412.83 MBBL.
- Average oil price per Bbl (excluding derivatives): $71.09 compared to the $67.68 average estimate based on five analysts.
- Average realized gas price per Mcf (excluding derivative): $1.66 versus the five-analyst average estimate of $1.77.
- Average NGL price per Bbl (including derivatives): $21.41 versus $21.37 estimated by five analysts on average.
- Total Gas production: 368 Bcf versus the five-analyst average estimate of 371.54 Bcf.
- Revenues- Gas sales: $627 million versus $769.51 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -78.3% change.
- Revenues- Gas marketing: $553 million compared to the $515.16 million average estimate based on four analysts. The reported number represents a change of -57.4% year over year.
- Revenues- Oil sales: $94 million versus the three-analyst average estimate of $87.75 million. The reported number represents a year-over-year change of -6%.
- Revenues- NGL sales: $169 million versus $185.44 million estimated by two analysts on average.
View all Key Company Metrics for Southwestern Energy here>>>Shares of Southwestern Energy have returned +18.2% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.