Southwestern Energy Company (NYSE:SWN) says that it has once again delivered on its mandate in regards to its operational, financial performance.  According to the company’s President and Chief Executive Officer, Bill Way, their quarterly operational results for the period ended September 30, 2016, were incredible and were as occasioned by the team’s focus on value creation. Way emphasizes that the company will from now henceforth put a keen eye on the growing margins, which have been verified through a reduction of operational costs.

Look out for more highlights in the third quarter

Southwestern Energy has reported solid quarterly results in five consecutive years which is likely to explain the company’s operational strategies. On the face of it seems to vow to have much more in its third quarter all the way into 2017. The CEO outlines that they will indulge rigorous capital commitment so as to strengthen their balance sheet while envisioning delivering more value added growth.

However, it had its losses as well. There was a net loss $735 million which is equivalent to $1.52 per diluted share and which was attributed to the common stock. This compares to the 2015’s net loss of net loss an equivalence of $4.62 per diluted share. The 2016 adjusted net income was at $12 million while that of 2015 was at $3 million.

The Company’s E&P segment

For the third quarter of 2016, Southwestern Energy’s E&P segment was having an operational loss of $777 million. It was $2.9 billion during the same period o 2015. Smaller non-cash impairment occasioned the decreased operating loss. The segment also experienced an adjusted operating income of $42 million in the 2016’s third quarter. The low operating costs alongside higher realized NGL prices resulted in the increased adjusted operating income.

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The company had a $1.73 per Mcf of the average realized gas price in 2016, which was lower than the $2.21 per Mcf of 2015. There was an increase in the net production in the third quarter of 2016, which was at 211 Bcfe from 249 Bcfe in 2015. The forecast is now on 535 Bcf and 160 Bcf for 20117 and 2018 respectively.