Southwestern Energy in talks to buy Blackstone gas producer

October 25, 2021

Southwestern Energy (SWN) is in advanced talks to buy Blackstone-backed GeoSouthern Energy for ~$1.7B, Bloomberg reports.

GeoSouthern has been searching for a buyer in recent months, according to the report, as U.S. natural gas futures have nearly doubled since the start of the year.

The company owns assets in Louisiana's Haynesville shale basin, the second largest shale gas producing region in the U.S.

In June, Southwestern agreed to acquire gas producer Indigo Natural Resources for $2.7B.

Over the current book year the total revenu from the company based in Spring will be 4.43 billion USD (consensus estimates). This is hugely more than 2021's revenue of 2.31 billion USD.

Historical revenues and results Southwestern Energy plus estimates 2021

The analysts expect for 2021 a net profit of 817 million USD. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 1.05 USD. The price-earnings-ratio equals 4.77.

Analysts don't expect the company to pay a dividend. The average dividend yield of the oil & gas producers equals an attractive 2.91 percent.

Based on the current number of shares Southwestern Energy 's market capitalization equals 2.71 billion USD. 60

At 21.10 the stock trades 7.29 percent higher at 5.01 USD.

Historical stock prices Southwestern Energy

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