Southwest Energy (SWN) has risen 30% since its last earnings report: Can it continue?

Southwestern Energy (SWN) Up 30% Since Last Earnings Report: Can ...

A month has passed since the last earnings report for Southwest Energy (nyse-swn). Shares have added about 30% over that period, well above the S&P 500.

Will the recent positive trend lead to its next earnings release, or will Southwestern Energy be the cause of a recession? Before we get into how investors and analysts have reacted to the delay, let’s take a quick look at the most recent earnings report to get a better handle on important catalysts. You can also know Nysearca dgaz news at https://www.webull.com/quote/nysearca-dgaz .

Southwest Energy’s Q4 will beat earnings estimates and reserves will grow

Southwest Energy Co. reported adjusted earnings per share of 18 cents per share for the fourth quarter of 2019, beating the Zacks consensus estimate of 10 cents. However, the downside was down from 31 cents a year earlier.

45 missed the consensus estimate of $ 748 million by $ 748 million and the consensus estimate of $ 745 million was down from $ 1,175 million in the fourth quarter of 2018.

Better returns than expected were supported by higher liquid production, partially offset by lower average perceived commodity prices.

Decreasing total production

The company’s total fourth-quarter production fell to 208 billion cubic feet (PCF) from 234 bcf a year ago. Gas production for the quarter was 160 bcf, which was lower than the 194 bcf the previous year.

However, oil production rose to 1,486 thousand barrels (mpl) from 1,073 mpg in the previous year. Natural gas liquid production was recorded at 6,609 mpg for the quarter under review, up from 5,434 mpg the previous year. It should be noted that almost 77% of its volume mix is           composed of natural gas.

Average perceived prices fall

During the quarter, the company’s average realized gas price, excluding derivatives, fell to 81 1.81 per thousand cubic feet (Mcf) from 98 2.98 a year ago. Previous year. Per barrel of oil compared to 50.87. Sold for 46.37. Natural gas liquids sold for 46 12.46 per barrel, down from $ 18.59 the previous year.

Expenses

On a McPhee basis, the operating costs of the lease were 94 cents, compared to 93 cents a year earlier. General and administrative costs for a production unit were 19 cents, up from 18 cents a year earlier.

Finance

Southwest Energy’s total capital expenditure in the fourth quarter was 7 207 million.

As of December 31, 2019, the Company’s cash and cash equivalents were $ 5 million. Long-term debt was 24 2,242 million, representing a debt-to-capitalization ratio of 40.9%.

Proven reserves will grow

As of December 31, 2019, the Company’s total proven reserves increased by 7% from 2018 to 12.7 tcf.

Guidance

Upstream Energy Player expects 2020 capital expenditure of 60 860 to 40 940 million. The middle of the range represents a 20% decline from last year’s budget. By 2020, the company expects to produce gas equivalent volumes in the range of 830 to 865 Bcfe, compared to 778 Bcfe last year.

By 2020, the company expects leasing operating costs to be in the range of 92 to 97 cents per McFee. The high end of the projected range is over 92 cents a year for McPhee. You can also gain Nyse lb news at https://www.webull.com/quote/nyse-lb .

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