Chesapeake's $7.4bn acquisition of Southwestern Energy set to conclude in Q4 [Yahoo! Finance]
Southwestern Energy Company (SWN)
Last southwestern energy company earnings: 4/30 04:19 pm
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US:NYSE Investor Relations:
swn.com/investors/pages/default.aspx
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Source: Yahoo! Finance
Chesapeake, currently producing around 3bcf/d of gas, will see the combined entity achieve a production rate of approximately 7.9bcf/d. The merger will also consolidate more than 5,000 gross locations and a 15-year inventory, positioning the new company as a key player in the global market with plans to establish a marketing and trading presence in Houston. The news comes as Chesapeake reported a net loss of $227m in Q2 2024 compared with a net income of $391m in the same quarter of the previous year. The company's total revenues also declined, dropping to $505m from $1.89bn a year ago. This decrease in net income and revenue was attributed to lower gas prices and production. In other industry news, Diamondback Energy recently finalised its merger with Endeavor Energy Resources, becoming a leading operator in the Permian Basin. The cash-and-stock deal, announced in February and valued at $26bn, underwent two comprehensive reviews by the FTC. "Chesapeake's $7.4bn acquisi
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SWN
News
- Is Southwestern Energy Company (SWN) on the Path to Recovery Post-Merger? [Yahoo! Finance]Yahoo! Finance
- Chesapeake Energy initiated as Buy at Roth MKM on strong capital return policy [Seeking Alpha]Seeking Alpha
- The 6.4% return this week takes Southwestern Energy's (NYSE:SWN) shareholders five-year gains to 284% [Yahoo! Finance]Yahoo! Finance
- Chesapeake Energy Corporation and Southwestern Energy Company Combination Expected to Close in the First Week of OctoberBusiness Wire
- Southwestern Energy (NYSE: SWN) had its price target lowered by analysts at UBS Group AG from $7.50 to $7.00. They now have a "neutral" rating on the stock.MarketBeat
SWN
Earnings
- 8/1/24 - Beat
SWN
Analyst Actions
- 9/18/24 - UBS
SWN
Sec Filings
- 10/1/24 - Form 4
- 10/1/24 - Form S-8
- 10/1/24 - Form S-8
- SWN's page on the SEC website