Southwestern Energy Co Stock Price, News & Analysis

Southwestern Energy Company (NYSE: SWN) has initiated cash offers to purchase up to $250,000,000 of its senior notes, including 4.95% Notes due 2025 and 7.75% Notes due 2027. The offers, subject to certain conditions, aim to retire debt, with a focus on the 2025 Notes for priority acceptance. The expiration date for these offers is set for December 29, 2021. The tender offers are contingent upon the completion of specific financing measures and a merger with GEP Haynesville, LLC.

Southwestern Energy Company (NYSE: SWN) released its 8th annual corporate responsibility report, emphasizing its commitment to Environmental, Social, and Governance (ESG) principles. Key highlights include a 73% reduction in methane intensity compared to 2025 targets, a safety performance record with a Total Recordable Incident Rate of 0.36, and the return of 14.3 billion gallons of fresh water to the environment. The company also reported that 44% of board members are diverse and announced an ESG investment of $15 to $20 million for 2022.

Southwestern Energy Company (NYSE: SWN) has announced a definitive agreement to acquire GEP Haynesville, LLC for $1.85 billion. This acquisition will position Southwestern as the largest dual-basin natural gas producer, enhancing production capacity to approximately 4.7 Bcfe per day and adding 2.2 Tcfe of proved reserves. The deal is expected to close by year-end 2021 and is projected to improve key metrics, including free cash flow per share by 15% and generate $25 million in annual synergies.

Southwestern Energy Company (NYSE: SWN) reported financial results for Q3 2021, showcasing significant operational growth with net cash provided by operating activities at $213 million and free cash flow of $105 million. The company achieved a total production of 310 Bcfe and established operations in the Haynesville basin post-acquisition of Indigo Natural Resources. Despite a net loss of $1.86 billion largely due to derivative losses, adjusted net income rose to $188 million, driven by a 40% increase in realized prices. The leverage ratio improved to 2.2x, with expectations to reduce it further by year-end.

Southwestern Energy Company (NYSE: SWN) has announced a conference call and audio webcast to discuss its third quarter 2021 financial results on November 4, 2021, at 10:00 a.m. CT. The financial results will be released on November 3, 2021, after market close and will be accessible through SWN’s website. Investors can join the call using the provided numbers and access code. A replay will be available until November 11, 2021.

Kinder Morgan (NYSE: KMI) and Southwestern Energy (NYSE: SWN) have launched a strategic agreement to deliver responsibly sourced natural gas (RSG) in the northeastern United States. This initiative aims to reduce methane emissions by ensuring that RSG meets stringent environmental standards, targeting a methane intensity of 1% or lower by 2025. The RSG will power approximately 100,000 homes annually and reduce GHG emissions equivalent to removing 5,000 vehicles. The initiative underscores both companies' commitment to sustainable energy solutions, with the market benefits expected from November 1, 2021.

Southwestern Energy Company (NYSE: SWN) has successfully completed the acquisition of Indigo Natural Resources, enhancing its position in the U.S. natural gas market. This strategic move adds high-margin Haynesville production and extensive drilling inventory, boosting free cash flow to an anticipated range of $425 to $475 million for 2021. The company aims to achieve a leverage ratio below 2 times net debt to EBITDA by year-end. Additionally, capital investments for 2021 are projected to be between $1,085 and $1,145 million, incorporating Indigo's assets.

Southwestern Energy Company has increased the Maximum Aggregate Principal Amount of its cash tender offer for its 4.95% Senior Notes due 2025 from $25 million to $167 million. This follows conditions outlined in the Offer to Purchase dated August 16, 2021. The tender offer for the 7.50% Senior Notes due 2026 remains unchanged. The total principal for the 2025 Notes now stands at $856.45 million, while the 2026 Notes total $617.62 million. Acceptance of tenders is conditional on proration if total tenders exceed the maximum amount.

Southwestern Energy priced its upsized public offering of $1.2 billion in 5.375% senior notes due 2030, selling at face value. The offering's expected closing date is August 30, 2021, pending customary conditions. Proceeds will fund tender offers, consent solicitations, repay credit agreement borrowings, and general corporate purposes. BofA Securities, Citigroup, and J.P. Morgan manage the offering under an effective SEC registration statement. Investors should review the preliminary prospectus for detailed information.