Why SWN Reported Sequentially Lower Production in 1Q18
For 1Q18, Southwestern Energy (SWN) reported production of 226 Bcfe (billion cubic feet equivalent), which is in line with SWN’s 1Q18 production guidance of 226 Bcfe. Sequentially, Southwestern Energy’s 1Q18 production was ~5.0% lower than its 4Q17 production of 239 Bcfe. On a year-over-year basis, Southwestern Energy’s 1Q18 production was ~11.0% higher than its 1Q17 production of 204 Bcfe.