Southwestern Energy: Q2 Earnings Snapshot
SPRING, Texas (AP) — SPRING, Texas (AP) — Southwestern Energy Co. (SWN) on Thursday reported second-quarter profit of $231 million.
On a per-share basis, the Spring, Texas-based company said it had profit of 21 cents. Earnings, adjusted for non-recurring gains, were 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The independent oil and gas company posted revenue of $1.27 billion in the period, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $1.44 billion.
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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
