Southwestern Energy (NYSE: SWN) reported earnings on May 2. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Southwestern Energy missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew significantly. GAAP earnings per share expanded significantly.

Gross margins dropped, operating margins grew, net margins expanded.

Revenue details
 Southwestern Energy notched revenue of $509.8 million. The 10 analysts polled by S&P Capital IQ predicted sales of $529.4 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $656.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.42. The 35 earnings estimates compiled by S&P Capital IQ averaged $0.38 per share. Non-GAAP EPS of $0.42 for Q1 were 35% higher than the prior-year quarter's $0.31 per share. GAAP EPS of $0.36 for Q1 were 16% higher than the prior-year quarter's $0.31 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 66.7%, 170 basis points worse than the prior-year quarter. Operating margin was 34.3%, 600 basis points better than the prior-year quarter. Net margin was 17.4%, 100 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $553.6 million. On the bottom line, the average EPS estimate is $0.49.

Next year's average estimate for revenue is $2.31 billion. The average EPS estimate is $1.89.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 977 members out of 1,018 rating the stock outperform, and 41 members rating it underperform. Among 154 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 147 give Southwestern Energy a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Southwestern Energy is outperform, with an average price target of $38.57.

Is Southwestern Energy the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.