Southwestern Energy Company (NYSE:SWN) Stock Expects A Breakout

Southwestern Energy Company (NYSE:SWN) reported $1.07 billion in revenues in Q1 2021. Its earnings beat Zacks estimates by 16.08%.

A surprising growth

The US-based independent oil and gas company – Southwestern posted surprise growth of 80.74% in Q1 2021. Compared to S&P 500’s 11.4% gain, Southwestern Energy shares gained 49.3% since January 2021. 

The company reported a cash balance of $347 million on investments of $266 million. Its free cash flow in Q1 2021 is $88 million.

Its total production is 269 bcfe. Southwestern Energy reported an average price of $2.99/ Mcfe. 

CEO of Southwestern Energy, Bill Way, said the company posted higher returns because of enhanced operational performance, reduced cost structure, enhanced cash flow from operations, and a solid balance sheet. He further said the company acted responsibly to achieve every plan in Q1 2021. Its teams will explore new opportunities to ramp up growth in the future.  

Southwestern Energy improved its production volumes by 34% due to the Montage takeover. Its income rose to $196 million in Q1 2021. 

At Southwest Appalachia

The production at Southwest Appalachia is 151 Bcfe in Q1 2021. 

The daily oil production and NGL production at this facility are 18 MBbls and 84 MBbls. Southwestern Energy completed 17 wells and drilled 12 wells. It commenced sales from nine wells. The daily average sales from nine wells are 11 MMcfe in 30 days. 

At Northwest Appalachia

The production at Northwest Appalachia is 118 Bcf in Q1 2021. 

Southwestern Energy commenced sales from eight wells, drilled 11 wells, and completed 12 wells at this facility in Q1 2021. The daily average sales from eight wells are 18 MMcfe in 30 days. 

Total debt

Southwestern’s total debt is $3 billion at the end of Q1 2021. Its revolving credit facility remains unchanged at $2 billion.

The company’s borrowings at the end of Q1 2021 are $567 million. It holds a letter of credit of $233 million.

Southwestern Energy reduced its debt by $133 million, comprising $88 million of cash flow and working capital changes in Q1 2021. 


Southwestern Energy expects to report $3.57 billion in revenues in 2021 and $869.7 million in Q2 2021. 

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