Published on 26 Feb 2024 on Zacks via Yahoo Finance
Southwestern (SWN) Q4 Earnings Beat on Higher Oil Production
Southwestern Energy Company SWN reported adjusted fourth-quarter 2023 earnings of 17 cents per share, which beat the Zacks Consensus Estimate of 13 cents. The bottom line, however, declined from the year-ago quarter’s figure of 26 cents.
Quarterly operating revenues of $1.7 billion beat the Zacks Consensus Estimate of $1.5 billion. However, the top line declined from the year-ago quarter’s level of $3.4 billion.
Better-than-expected quarterly results were driven by higher oil production and lower marketing purchases. However, the positives were partially offset by lower realized commodity prices.