SPRING, Texas (AP) _ Southwestern Energy Co. (SWN) on Thursday reported fourth-quarter earnings of $110 million.
The Spring, Texas-based company said it had profit of 20 cents per share. Earnings, adjusted for one-time gains and costs, came to 18 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The independent oil and gas company posted revenue of $745 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $747.6 million.
For the year, the company reported profit of $891 million, or $1.65 per share. Revenue was reported as $3.04 billion.
In the final minutes of trading on Thursday, the company's shares hit $1.30. A year ago, they were trading at $4.29.