10 Dec 2018substantial holder notice● Neutral
Capital Research Global Investors ** reported a SOUTHWESTERN ENERGY CO shareholding of 15,161,390 shares (2.60% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Dec 2018asset acquisition disposition● NeutralMajor
On December 3, 2018 Southwestern completed the sale of 100% of its Fayetteville Shale production and gathering subsidiaries to Flywheel Energy Operating for $1.865 billion, subject to customary adjustments, plus the buyer's assumption of various obligations. Separately, Senior VP Jack Bergeron will retire January 2, 2019 with a $1,227,366 cash payment.
25 Oct 2018quarterly activities report▼ Bad
SOUTHWESTERN ENERGY CO reported quarterly revenue of $951.0 million and a net loss of $29.0 million for the period ended 2018-09-30.
25 Oct 2018quarterly activities report▼ Bad
SOUTHWESTERN ENERGY CO reported quarterly revenue of $951.0 million and a net loss of $29.0 million for the period ended 2018-09-30.
18 Sept 2018material agreement▲ GoodMajor
Southwestern announced early results of cash tender offers (upsized to $900 million of principal) for its 2020, 2022, 2025, 2026 and 2027 notes, to be funded from the Fayetteville sale to Flywheel and conditioned on it closing. It plans to buy all tendered 2022 notes ($787.2 million) and 2020 notes ($40.0 million), $72.8 million of the 2025 notes, and none of the 2026 or 2027 notes. Holders of the 2022 notes consented to remove the liens and sale-and-leaseback restrictions; other series did not give enough consents. This continues the debt reduction tied to the Fayetteville sale.
4 Sept 2018material agreement● NeutralMajor
On August 30, 2018 Southwestern agreed to sell its Fayetteville Shale production and gathering subsidiaries to Flywheel Energy Operating for $1.865 billion, with an economic effective date of July 1, 2018. The buyer takes on about $564 million of future commitments, though Southwestern remains responsible for up to about $126 million of unused pipeline capacity costs through 2020. Closing depends on conditions, including antitrust and FERC steps, and must happen by December 31, 2018; the buyer paid a $150 million deposit.
2 Aug 2018quarterly activities report● Neutral
SOUTHWESTERN ENERGY CO reported quarterly revenue of $816.0 million and net income of $51.0 million for the period ended 2018-06-30.
2 Aug 2018quarterly activities report● Neutral
SOUTHWESTERN ENERGY CO reported quarterly revenue of $816.0 million and net income of $51.0 million for the period ended 2018-06-30.
7 May 2018quarterly activities report● Neutral
SOUTHWESTERN ENERGY CO reported quarterly revenue of $920.0 million and net income of $208.0 million for the period ended 2018-03-31.
27 Apr 2018quarterly activities report● Neutral
SOUTHWESTERN ENERGY CO reported quarterly revenue of $920.0 million and net income of $208.0 million for the period ended 2018-03-31.
27 Apr 2018debt financing● NeutralMajor
On April 26, 2018 Southwestern signed a new secured credit agreement with JPMorgan as agent: $2.0 billion of commitments, a $3.2 billion initial borrowing base, maturing April 26, 2023 (or Dec 14, 2021 if at least $700 million of the 2022 notes has not been refinanced or redeemed by then). It ended its two earlier credit agreements and repaid the $1,191 million term loan using cash and $360 million of initial borrowings. Subsidiaries that guarantee the new facility also became guarantors of the 2022, 2025, 2026 and 2027 notes.
1 Mar 2018quarterly activities report● Neutral
SOUTHWESTERN ENERGY CO reported quarterly revenue of $809.0 million and net income of $334.0 million for the period ended 2017-12-31.
14 Feb 2018substantial holder notice● Neutral
Capital Research Global Investors ** reported a SOUTHWESTERN ENERGY CO shareholding of 43,662,745 shares (8.30% of votes) in a periodic institutional filing.
12 Feb 2018substantial holder notice● Neutral
The Vanguard Group reported a SOUTHWESTERN ENERGY CO shareholding of 42,738,758 shares (8.34% of votes) in a periodic institutional filing.
12 Feb 2018substantial holder notice● Neutral
The Vanguard Group reported a SOUTHWESTERN ENERGY CO shareholding of 42,738,758 shares (8.34% of votes) in a periodic institutional filing.
8 Feb 2018quarterly activities report● Neutral
SOUTHWESTERN ENERGY CO reported quarterly revenue of $809.0 million and net income of $334.0 million for the period ended 2017-12-31.
8 Feb 2018substantial holder notice● Neutral
BlackRock, Inc reported a SOUTHWESTERN ENERGY CO shareholding of 53,270,055 shares (10.40% of votes) in a periodic institutional filing.
6 Feb 2018substantial holder notice● Neutral
SailingStone Capital Partners LLC, SailingStone Holdings LLC, MacKenzie B. Davis, Kenneth L. Settles Jr reported no remaining SOUTHWESTERN ENERGY CO shareholding in its periodic institutional filing.
26 Jan 2018listing compliance notice▼ BadMajor
SOUTHWESTERN ENERGY CO deregistered its securities, ending its obligation to file reports with the SEC.
17 Jan 2018director interest notice● Neutral
SOUTHWESTERN ENERGY CO Sr. VP and General Counsel John C. Ale converted derivative holdings into 2,173 shares.
17 Jan 2018director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Catherine A Kehr converted derivative holdings into 21,739 shares.
17 Jan 2018director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Terry W Rathert converted derivative holdings into 16,304 shares.
17 Jan 2018director interest notice● Neutral
SOUTHWESTERN ENERGY CO Interim CFO and SVP Jennifer E Stewart converted derivative holdings into 2,826 shares.
17 Jan 2018director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Elliott Pew converted derivative holdings into 3,260 shares.
17 Jan 2018director interest notice● Neutral
SOUTHWESTERN ENERGY CO SVP and Division Head Jr. John E Bergeron converted derivative holdings into 3,260 shares.
17 Jan 2018director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Gregory D Kerley converted derivative holdings into 86,956 shares.
17 Jan 2018director interest notice● Neutral
SOUTHWESTERN ENERGY CO President and CEO William J Way converted derivative holdings into 4,347 shares.
17 Jan 2018director interest notice● Neutral
SOUTHWESTERN ENERGY CO SVP - Administration Jennifer N. Mccauley converted derivative holdings into 2,173 shares.
17 Jan 2018director interest notice● Neutral
SOUTHWESTERN ENERGY CO Senior Vice President James W Vick converted derivative holdings into 2,173 shares.
16 Jan 2018listing compliance notice● NeutralMajor
SOUTHWESTERN ENERGY CO's exchange filed to remove a class of its securities from listing.