Southwestern Energy (SWN) Tops Q1 EPS by 5c, Revenues Beat
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Southwestern Energy Announces First Quarter 2021 Results
April 29, 2021 4:16 PM EDTStrategy and execution delivering free cash flow and reducing debt
SPRING, Texas--(BUSINESS WIRE)-- Southwestern Energy Company (NYSE: SWN) today announced financial and operating results for the first quarter ended March 31, 2021.
Achieved $347 million net cash provided by operating activities; invested $266 million consistent with its maintenance capital plan; Generated $88 million free cash flow (non-GAAP); Free cash flow fully utilized to reduce debt; expect to approach 2.0x leverage by year-end; Borrowing base and commitments reaffirmed at elected $2.0... More