Chesapeake Energy initiates lay-offs following oil assets divestiture [Yahoo! Finance]
Southwestern Energy Company (SWN)
Last southwestern energy company earnings: 4/30 04:19 pm
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Source: Yahoo! Finance
Notably, the lay-offs are not related to the company's pending merger with Southwestern Energy. In 2022, Chesapeake Energy announced its intention to exit the Eagle Ford shale field to become a pure-play natural gas producer. The company sold part of these assets to INEOS Energy for $1.4bn (£1.1bn) and later completed the divestiture by selling the remaining assets to SilverBow Resources for $700m. Natural gas producers including Chesapeake Energy have faced challenges this year due to low prices. The first quarter saw a 20% drop in prices due to high inventories and softer-than-expected demand. Chesapeake Energy missed Wall Street's profit estimates and, like many in the industry, has scaled back production. The company plans to reduce its output to approximately 2.7 billion cubic feet per day (bcf/d) in 2024, down from an estimated 3.6bcf/d in 2023. The projected output for 2023 is composed of nearly 95% natural gas and 5% liquids. Based in Oklahoma City, Oklahoma,
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News
- Southwestern Energy (NYSE: SWN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Southwestern Energy (NYSE: SWN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Southwestern Energy (NYSE: SWN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Southwestern Energy (NYSE: SWN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Southwestern Energy (NYSE: SWN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
SWN
Earnings
- 5/2/24 - Miss
SWN
Sec Filings
- 6/21/24 - Form 11-K
- 6/18/24 - Form 8-K
- 6/13/24 - Form 425
- SWN's page on the SEC website