Southwestern Energy Investor Presentation
Capturing Tangible Benefits of Scale
Expanded opportunity set
• 15 years of core inventory
•
underpinning long-term
development program
Basin, hydrocarbon and premium
end-market optionality including
~65% of gas to Gulf Coast markets
Optimized cost structure
Improved margins through cost
economies
• Leverage operational efficiency
gains across entire portfolio
• Strategic commercial and
vertical integration advantage
Lowered risk profile
.
•
•
Lowered basis volatility
Increased marketing optionality
Capital allocation flexibility in
two basins with gas and liquids
exposure
Larger reserve and inventory base
Increased market relevance
• Highly liquid stock with >$11B
enterprise value(1)
• Resilient free cash flow generation
enhancing capital allocation flexibility
• Largest dual-basin gas producer
supplying growing global demand
swn
Southwestern EnergyⓇ
Increased opportunity set and market relevance, with lowered risk profile and
cost structure create valuation realization catalysts
1) Based on market data as of July 28, 2023.
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