Southwestern Energy Co. on Oct. 24 reported $44.0 million, or 8 cents per share, in third-quarter adjusted net income, compared to $146.0 million, or 25 cents per share, in the prior-year quarter.
The S&P Global Market Intelligence consensus normalized earnings estimate for the third quarter was 7 cents per share.
Net income attributable to common stock was $49.0 million, compared to a loss of $29.0 million a year earlier. Southwestern posted operating revenue of $636.0 million, compared to $951.0 million in the year-ago period.
The Appalachian shale gas driller reported total production of 202 Bcfe, compared to 252 Bcfe in the third quarter a year ago.