SOUTHWESTERN ENERGY Reports Q2 FY2023 Earnings Results for June 30, 2023
August 23, 2023
☀️Earnings Overview
For the second quarter of FY2023, SOUTHWESTERN ENERGY ($NYSE:SWN) reported total revenue of USD 1.3 billion, which was a decrease of 69.3% compared to the same period in the previous year. The company’s net income was USD 0.23 billion, representing an 80.3% decrease year over year. The quarter ended on June 30, 2023.
Market Price
On Thursday, June 30th, 2023, SOUTHWESTERN ENERGY announced its Q2 FY2023 earnings results with the stock opening at $6.3 and closing at $6.5, up by 3.0% from the prior closing price of 6.3. The company posted strong financial performance in the quarter with an increase in the earnings per share (EPS), revenue and operating income, showing growth across all spectrums. The company also returned value to its shareholders through its dividend payments and share repurchasing activity. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Southwestern Energy. More…
| Total Revenues | Net Income | Net Margin |
| 11.31k | 5.52k | 37.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Southwestern Energy. More…
| Operations | Investing | Financing |
| 3.32k | -2.16k | -1.19k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Southwestern Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13k | 6.51k | 5.89 |
Key Ratios Snapshot
Some of the financial key ratios for Southwestern Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 68.0% | 191.2% | 50.4% |
| FCF Margin | ROE | ROA |
| 8.5% | 55.9% | 27.4% |
Analysis
GoodWhale is here to analyze the financials of SOUTHWESTERN ENERGY. Using our Star Chart tool, we can see that SOUTHWESTERN ENERGY is strong in growth and profitability, but only medium in assets and weak in dividend. We can also see that SOUTHWESTERN ENERGY has an intermediate health score of 6/10 when it comes to its cashflows and debt. This indicates that the company is likely to safely ride out any crisis without the risk of bankruptcy. Finally, based on our analysis, we have classified SOUTHWESTERN ENERGY as a ‘rhino’ company, meaning that it has achieved moderate revenue or earnings growth. Investors who are looking for a company with consistent growth may be interested in this stock. More…
Peers
Southwestern Energy Co is an energy company that engages in the exploration, development, and production of natural gas and crude oil. The company operates in two segments: Exploration and Production, and Midstream Services. The Exploration and Production segment explores for and produces natural gas and crude oil. The Midstream Services segment provides natural gas gathering, processing, transportation, and marketing services to exploration and production companies. Southwestern Energy Co was founded in 1929 and is headquartered in Houston, Texas.
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Summary
SOUTHWESTERN ENERGY reported their second quarter of FY2023 earnings with total revenue of USD 1.3 billion and net income of USD 0.23 billion, both figures representing a decrease of 69.3% and 80.3% respectively compared to last year. The company’s stock price moved up the same day showing that investors had positive sentiment for the financial results. Further analysis is needed to determine whether investing in the company would be a good idea, however initial signs show potential. Monitoring the stock price to see how it reacts in the following quarters will also be a good indicator.
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