Southwestern Energy Reduced Full-year Capital Investment Guidance $200M, Or Approximately 10%, Due To Activity Reductions, Moderating Inflation, And Operational Efficiencies
Portfolio Pulse from Benzinga Newsdesk
Southwestern Energy has reduced its full-year capital investment guidance by $200M, or approximately 10%, due to activity reductions, moderating inflation, and operational efficiencies.
August 04, 2023 | 2:32 pm
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NEGATIVE IMPACT
Southwestern Energy's reduction in capital investment guidance could potentially impact its stock price negatively in the short term.
Southwestern Energy's decision to reduce its capital investment guidance by 10% indicates a potential slowdown in its growth or profitability. This could lead to a negative sentiment among investors, potentially leading to a decrease in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100