Core Insights - Chili's Grill & Bar is launching a new menu item, Southwestern Queso, on October 7, 2025, after nearly two years of development, aiming to enhance its queso offerings [1][3][4] - The new Southwestern Queso will be available for free to My Chili's members from October 7 to October 21, allowing customers to experience what the company claims is the best queso available nationwide [2][5] Product Development - The Southwestern Queso replaces the previous Skillet Beef and White Skillet Queso, which each accounted for about 1% of sales, indicating a demand for improved queso options [3][4] - The new recipe features a blend of American and cheddar cheeses, fire-roasted green chilies, sweet onions, and a hint of lime, designed to provide a smooth texture and Southwestern flavors [4] Customer Engagement - Chili's conducted taste tests where nearly 70% of respondents preferred the new Southwestern Queso over the previous Skillet Beef Queso, demonstrating positive customer feedback [4] - The company emphasizes the importance of real-time feedback from guests and restaurant teams in the product development process [4] Menu Integration - Southwestern Queso will be offered as a standalone appetizer, part of the Dip Trio, or as a side with Sizzlin' Fajitas, and will also top the new Chicken Bacon Ranch Nachos [6]

Southwestern Energy Company (SWN) Q4 2024 Earnings Call February 27, 2025 04:00 PM ET Company Participants Chris Ayres - VP – Investor Relations & Special ProjectsDomenic J. Dell’Osso - President & CEOMatthew Portillo - Partner & Head of ResearchScott Hanold - Managing Director - Energy ResearchJosh Viets - Executive VP & COONeil Mehta - Head of Americas Natural Resources Equity ResearchJohn Freeman - Managing DirectorZach Parham - Executive Director Conference Call Participants Doug Leggate - Managing Dire ...

Call traders are blasting Southwest Energy Co (NYSE:SWN) today, after news that the company's merger with Chesapeake Energy (CHK) will occur in the fourth quarter of this year. The merger, in which CHK will buy out SWN for $7 billion, was delayed in April. So far, SWN has seen 101,000 calls exchanged in comparison to just 4 puts, which already represents 30.9 times the stock's average daily options volume. The majority of this volume is made up of European style options, while in the American style, the Jan ...

F I T il n 1 i th i E 4 ITEMS grandriver On Thursday, August 1, 2024, shale natural gas exploration and production company Southwestern Energy Company (NYSE:SWN) announced its second-quarter 2024 earnings results. At first glance, the company's results were quite disappointing, as Southwestern Energy failed to meet the expectations of its analysts in terms of revenues or earnings: Seeking Alpha As we can clearly see, the company's revenues came in weaker than expected and the company reported a GAAP loss, c ...

Southwestern Energy (SWN) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.13 per share when it actually produced earnings of $0.12, delivering a surprise of -7.69%. Over the las ...

The earnings report, which is expected to be released on August 1, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. This independent oil and gas company is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 3.51% higher over the last 30 days to the current level. This i ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 Or ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to ________ Commission file number: 001-08246 Southwestern Energy Company (Exact name of registrant as specified in its charter) (S ...

Production and Sales - In Q1 2024, the total net production was 376 Bcfe, with 86% being natural gas, 12% NGLs, and 2% oil[6] - In Appalachia, total production was 238 Bcfe, with an average lateral length of 16,378 feet and an average well cost of $824 per lateral foot[9] - In Haynesville, total production was 138 Bcfe, with an average lateral length of 10,458 feet and an average well cost of $1,816 per lateral foot[10] - Gas sales amounted to $584 million, down 48.9% from $1,145 million year-over-year[29] Financial Performance - For Q1 2024, total operating revenues were $1,417 million, a decrease of 33.1% from $2,118 million in Q1 2023[29] - The company reported a net loss of $1,535 million, compared to a net income of $1,939 million in the same quarter last year[29] - Operating income (loss) was $(2,057) million, a significant decline from $606 million in Q1 2023[29] - Basic and diluted earnings per share were both $(1.39), compared to $1.76 in Q1 2023[29] - Adjusted net income for Q1 2024 was $131 million, down from $346 million in Q1 2023, reflecting a decrease of approximately 62%[43] - Adjusted diluted earnings per share for Q1 2024 was $0.12, down from $0.31 in Q1 2023, reflecting a decrease of 61.29%[46] - The company reported a net loss of $1.54 billion in Q1 2024, compared to a net income of $1.94 billion in Q1 2023, highlighting a significant shift in financial performance[48] Costs and Expenses - The average unit cost per Mcfe increased to $1.12 in Q1 2024 from $1.05 in Q1 2023[8] - The average realized price per Mcfe, excluding derivatives, was $2.20 in Q1 2024, down from $3.48 in Q1 2023, a decrease of 37%[5] - The average realized oil price, including derivatives, was $63.09 per Bbl in Q1 2024, compared to $58.17 per Bbl in Q1 2023[5] - The company incurred merger-related expenses of $9 million, reflecting costs associated with the proposed transaction with Chesapeake[29] - The company incurred $2.09 billion in impairments during Q1 2024, which significantly impacted net income[48] - The company reported a depreciation, depletion, and amortization expense of $262 million for Q1 2024, down from $313 million in Q1 2023, a reduction of approximately 16.3%[33] Capital Investments - Capital investments for Q1 2024 totaled $538 million, with 29 wells drilled, 27 completed, and 18 placed to sales[6] - Capital investments for the three months ended March 31, 2024, were $521 million, compared to $670 million in the same period of 2023, indicating a decrease of 22.3%[33] Assets and Liabilities - Total assets decreased from $11,991 million as of December 31, 2023, to $10,398 million as of March 31, 2024, representing a decline of approximately 13.3%[31] - Total current liabilities rose from $1,729 million as of December 31, 2023, to $2,024 million as of March 31, 2024, an increase of approximately 17.1%[31] - Long-term debt decreased from $3,947 million as of December 31, 2023, to $3,609 million as of March 31, 2024, a decline of about 8.6%[31] - The company’s total equity decreased from $5,888 million as of December 31, 2023, to $4,366 million as of March 31, 2024, a decline of approximately 25.8%[31] Cash Flow - Net cash provided by operating activities decreased to $496 million in Q1 2024 from $1,137 million in Q1 2023, a decline of 56.32%[48] - Free cash flow deficit for Q1 2024 was $99 million, compared to a deficit of $0 in Q1 2023, indicating a significant deterioration in cash flow management[48] - Changes in operating assets and liabilities negatively impacted cash flow by $66 million in Q1 2024, compared to a negative impact of $373 million in Q1 2023[48] Strategic Initiatives and Future Outlook - The company has discontinued providing guidance due to a pending merger with Chesapeake Energy Corporation[13] - The company anticipates future growth and operational performance improvements as part of its strategic initiatives, including the proposed merger with Chesapeake[18] - The proposed transaction with Chesapeake is subject to various risks, including regulatory approvals and integration challenges[20] - The company will not host a conference call or webcast to discuss Q1 2024 results due to the pending merger[14]

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Southwestern Energy (SWN) , which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry.This independent oil and gas company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 27.88%.For the most recent quarter, Southwest ...

Southwestern Energy Company (SWN) reported adjusted fourth-quarter 2023 earnings of 17 cents per share, which beat the Zacks Consensus Estimate of 13 cents. The bottom line, however, declined from the year-ago quarter’s figure of 26 cents.Quarterly operating revenues of $1.7 billion beat the Zacks Consensus Estimate of $1.5 billion. However, the top line declined from the year-ago quarter’s level of $3.4 billion.Better-than-expected quarterly results were driven by higher oil production and lower marketing ...