SWN earnings call for the period ending June 30, 2020.
News & Analysis: Southwestern Energy
The natural gas producer impressed investors with its recent performance and current direction.
The natural gas driller missed expectations, reported a drop in reserves, and issued growth-focused 2017 guidance.
The warmer weather put the deep freeze on gas prices last month.
The troubled natural gas driller rearranges and extends its bank credit facilities.
Southwestern Energy's stock received a nice boost after the company beat earnings expectations.
Rallying energy prices was all it needed last month.
Investors probably had a heart attack when they learned that the company had maxed out its credit lines for April 1.
A credit rating downgrade and huge capex cut weighed heavily on the natural gas driller last month.
Investors apparently don’t like seeing a hedge fund buying shares.