Southwestern Energy Company (SWN)

Return on equity (ROE)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	1,557,000	5,116,000	5,521,000	6,463,000	1,849,000	1,309,000	-998,000	-2,780,000	-25,000	-2,478,000	-1,214,000	-1,485,000	-3,112,000	-2,910,000	-2,268,000	-1,250,000	891,000	1,088,000	1,010,000	923,000
Total stockholders’ equity	US$ in thousands	5,888,000	6,537,000	6,489,000	6,254,000	4,324,000	1,414,000	1,043,000	-119,000	2,547,000	-286,000	-18,000	586,000	497,000	384,000	823,000	1,701,000	3,246,000	3,135,000	3,082,000	2,937,000
ROE		26.44%	78.26%	85.08%	103.34%	42.76%	92.57%	-95.69%	—	-0.98%	—	—	-253.41%	-626.16%	-757.81%	-275.58%	-73.49%	27.45%	34.70%	32.77%	31.43%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,557,000K ÷ $5,888,000K
= 26.44%

Southwestern Energy Company's return on equity (ROE) has exhibited significant fluctuations over the past eight quarters. The ROE was particularly strong in Q1 2023 at 103.34%, followed by Q2 2023 at 85.08% and Q3 2023 at 78.26%. These robust ROE figures indicate the company's ability to generate healthy profits relative to shareholders' equity during these periods.

However, the picture was not consistent across all quarters, as evidenced by a sharp decline in ROE to -95.69% in Q2 2022. This negative ROE suggests that the company experienced a period of unprofitability, resulting in a loss relative to shareholders' equity during that particular quarter.

Overall, Southwestern Energy Company's ROE performance has been mixed, with periods of strong profitability and occasional setbacks. It will be important for investors to closely monitor future ROE trends to assess the company's financial health and performance sustainability.