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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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
- 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
- Southwestern Energy (NYSE: SWN) is now covered by analysts at StockNews.com. They set a "sell" 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) had its price target lowered by analysts at Scotiabank from $9.50 to $9.00. They now have a "sector perform" rating on the stock.MarketBeat
SWN
Earnings
- 8/1/24 - Beat
SWN
Sec Filings
- 8/1/24 - Form 10-Q
- 8/1/24 - Form 8-K
- 6/21/24 - Form 11-K
- SWN's page on the SEC website