Southwestern Energy (SWN) Tops Q2 EPS by 3c
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Southwestern Energy Announces Second Quarter 2020 Results
July 30, 2020 4:22 PM EDTFurther strengthened financial resilience through comprehensive cost reductions and leading operational achievements; lowered annual cost guidance across all categories
SPRING, Texas--(BUSINESS WIRE)-- Southwestern Energy Company (NYSE: SWN) today announced financial and operating results for the second quarter ended June 30, 2020.
Broad-based cost elimination with full year expense savings totaling $90 million, up $30 million since last quarter; Achieved record single-well cost of $505 per lateral foot; expect to average $650 per foot in the second half of the year; Revised annual capital guidance to $860 million $915... More