SilverBow Res Stock Price, News & Analysis

SilverBow Resources (NYSE: SBOW) reported strong financial results for 2021, achieving $84 million in free cash flow and a 22% yield. The company’s year-end PV-10 value rose 245% year-over-year to $1.8 billion. Fourth-quarter production was 250 MMcfe/d, with net income of $114 million. Looking ahead, SBOW forecasts 15% production growth in 2022 and anticipates free cash flow between $70-$100 million. The company reduced its leverage ratio to 1.25x and increased liquidity significantly, positioning itself for future acquisitions and operational efficiency.

SilverBow Resources, Inc. (NYSE: SBOW) will announce its fourth quarter and full year 2021 financial results on March 2, 2022, after market close. A conference call to discuss these results is scheduled for March 3, 2022, at 11:00 a.m. Central Time. Interested parties can join the call through the provided dial-in numbers or via webcast. The company, based in Houston, specializes in oil and gas exploration in the Eagle Ford Shale and Austin Chalk regions of South Texas.

SilverBow Resources, Inc. (NYSE: SBOW) has completed the acquisition of oil and gas assets in the Eagle Ford for $75 million, effective August 1, 2021. The deal includes $45 million in cash and approximately 1.35 million shares of common stock. This acquisition is SilverBow's largest and the third closed in the latter half of the year. CEO Sean Woolverton stated that the company anticipates double-digit production growth in 2022 from these assets, enhancing its cash flow and strategic M&A potential.

SilverBow Resources, Inc. (NYSE: SBOW) has increased its borrowing base from $300 million to $460 million through an amendment to its senior secured revolving credit facility. This update coincides with its acquisition on October 11, 2021. Additionally, the maturity date of its Second Lien Facility has been extended to December 2026 after reducing the principal from $200 million to $150 million. As of October 31, 2021, SilverBow reported $264 million in liquidity, reflecting its strong financial positioning.

SilverBow Resources (NYSE: SBOW) reported robust third-quarter 2021 results, achieving a net production of 212 MMcfe/d, with oil production up 46% quarter-over-quarter to 4,000 Bbls/d. The company raised its full-year free cash flow guidance by 70% to $80-$90 million. Three accretive acquisitions enhanced its operational capacity, adding 60,000 acres and 5,700 Boe/d. Despite a $36 million net loss due to unrealized derivative losses, adjusted EBITDA was $58 million. SilverBow aims for a leverage ratio of approximately 1.25x by year-end 2021 while initiating a one-rig drilling schedule in December.

SilverBow Resources, Inc. (NYSE: SBOW) plans to release its third quarter 2021 financial and operational results after market close on November 3, 2021. A conference call to discuss these results is scheduled for November 4, 2021, at 11:00 a.m. Central Time. Investors can join the call by dialing 1-833-772-0370 (U.S.) or 1-236-738-2241 (International), and the conference ID is 1239153. A replay will be available approximately two hours after the call until December 2, 2021.

SilverBow Resources, Inc. (NYSE: SBOW) announced a definitive agreement to acquire oil and gas assets in the Eagle Ford for approximately $75 million, consisting of $45 million in cash and $30 million in equity. The acquisition includes 17,000 net acres and is expected to enhance SilverBow’s production by 30%, contributing an estimated $28 million in adjusted EBITDA. The transaction, which has an effective date of August 1, 2021, is projected to close by year-end.

SilverBow Resources, Inc. (NYSE: SBOW) has successfully closed its all-stock acquisition of Eagle Ford oil and gas assets for a total of $33 million, effective June 1, 2021. The transaction involved approximately 1.5 million shares of SilverBow’s common stock. CEO Sean Woolverton highlighted the company's focus on enhancing production and EBITDA while managing cash flow effectively. This strategic acquisition aims to expand SilverBow's asset base and strengthen its financial position.