![SOUTHWESTERN ENERGY CO [SWN] reports annual net loss of $1.6 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FSWN.png&w=3840&q=75)
SOUTHWESTERN ENERGY CO [SWN] reports annual net loss of $1.6 billion
Company Reports Revenue of $6.5 billion
SOUTHWESTERN ENERGY CO [SWN] has reported a net loss of $1.6 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $6.5 billion
Based in SPRING, Texas, SOUTHWESTERN ENERGY CO operates in the MINING sector.
The consolidated statement of operations for the period ending December 31, 2023, shows total operating revenues of $6.522 billion, a decrease from the previous year's $15.002 billion. Operating costs and expenses totaled $7.496 billion, compared to $7.648 billion in the prior period. This resulted in an operating loss of $974 million for the current period, a significant decrease from the operating income of $7.354 billion in the same period last year.
Interest expenses for the current period amounted to $142 million, lower than the $184 million in the previous year. There was a gain on derivatives of $2.433 billion, a positive reversal from the loss of $5.259 billion in the prior year. Net income for the current period was $1.557 billion, down slightly from $1.849 billion in the same period last year.
