Southwestern Energy Co. (SWN) revealed earnings for its fourth quarter that increased from last year but missed the Street estimates.
The company's earnings came in at $2.90 billion, or $2.63 per share. This compares with $2.36 billion, or $2.31 per share, in last year's fourth quarter.
Excluding items, Southwestern Energy Co. reported adjusted earnings of $287 million or $0.26 per share for the period.
Analysts on average had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 14.6% to $3.38 billion from $2.95 billion last year.
Southwestern Energy Co. earnings at a glance (GAAP) :
-Earnings (Q4): $2.90 Bln. vs. $2.36 Bln. last year.
-EPS (Q4): $2.63 vs. $2.31 last year.
-Analyst Estimate: $0.27
-Revenue (Q4): $3.38 Bln vs. $2.95 Bln last year.
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