U.S. Markets close in 3 hrs 49 mins

Southwestern Energy: 1Q Earnings Snapshot

SPRING, Texas (AP) _ Southwestern Energy Co. (SWN) on Thursday reported first-quarter net income of $594 million.

On a per-share basis, the Spring, Texas-based company said it had net income of $1.10. Earnings, adjusted for one-time gains and costs, came to 27 cents per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The independent oil and gas company posted revenue of $990 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $618.2 million.

In the final minutes of trading on Thursday, the company's shares hit $4.07. A year ago, they were trading at $4.46.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SWN at https://www.zacks.com/ap/SWN