Southwestern Energy Co (NYSE:SWN) Posts 2017 Financial And Operational Results


Southwestern Energy Co (NYSE:SWN) posted its financial and operating figures for the fourth quarter and the year closed December 31, 2017. The firm met or exceeded its projection and offered on each of its commitments in Q4 2017.

The buzz

Southwestern Energy recorded robust financial and operational performance in 2017. There is clear proof of upside in their resources, as the value of their PV10 reserves alone is above current enterprise value. Their emphasis in 2018 will be on evaluating strategic options for Fayetteville Shale assets, boosting advancement in Appalachia and lowering structural costs as they reposition the enterprise to compete and excel in any commodity price environment for imminent years.

Establishing on the momentum from their major technical and operational expertise as well as their showcased financial discipline, underpinned by their Formula that leads everything they do, they are well set to lead increasing value for their shareholders. As of the close of December 31, 2017, the form posted total debt of around $4.4 billion and cash/cash equivalents of $916 million, leading in net debt of $3.5 billion.

Southwestern reported that net debt to adjusted EBITDA ratio surged 38% to 2.8 times. During 2017, the firm took measures to enhance its maturity schedule and presently has just $92 million in bonds unpaid prior to 2022. The cash maintained and undrawn revolver on the balance sheet support the strong liquidity position the firm has built and plans to maintain under its disciplined financial program.

During 2017, the company invested a capital of $1.3 billion. This comprised around $1.25 billion put in its E&P segment, $32 million put in its Midstream division and $13 million kept for corporate and other uses. Of the $1.3 billion, around $113 million was related with capitalized interest while $104 million was related with capitalized expenses.

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