Plus   Neg

Southwestern Energy Co. Q2 adjusted earnings Miss Estimates

Southwestern Energy Co. (SWN) revealed earnings for its second quarter that advanced from last year.

The company's earnings totaled $138 million, or $0.26 per share. This compares with $51 million, or $0.09 per share, in last year's second quarter.

Excluding items, Southwestern Energy Co. reported adjusted earnings of $40 million or $0.08 per share for the period.

Analysts had expected the company to earn $0.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 18.3% to $667 million from $816 million last year.

Southwestern Energy Co. earnings at a glance:

-Earnings (Q2): $40 Mln. vs. $105 Mln. last year.
-EPS (Q2): $0.08 vs. $0.18 last year.
-Analysts Estimate: $0.10
-Revenue (Q2): $667 Mln vs. $816 Mln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT