SilverBow Resources, Inc. - SBOW STOCK NEWS

SilverBow Resources, Inc. (NYSE: SBOW) announced it will release its financial and operating results for the first quarter of 2023 after market close on May 3, 2023. A conference call to discuss these results is scheduled for May 4, 2023, at 9:00 a.m. Central Time.

Investors can listen to the call by dialing 1-888-415-4465 in the U.S. or 1-646-960-0140 internationally, with the conference ID 5410161. The call will also be available via a live webcast and will be accessible for replay approximately two hours after the call, remaining available until June 1, 2023.

SilverBow is focused on oil and gas exploration and production in the Eagle Ford Shale and Austin Chalk regions of South Texas, leveraging over 30 years of operational experience in the area.

SilverBow Resources (NYSE: SBOW) reported strong growth in its operating and financial results for 2022, with a 26% increase in production year-over-year and an 80% boost in oil production. Total net production for Q4 2022 averaged 315 MMcfe/d, exceeding guidance, with revenue rising 31% to $199 million. The company achieved net income of $173 million for Q4, supported by capital expenditures below budget at $328 million.

In 2023, SilverBow anticipates 25% production growth, with a capital budget of $450-$475 million focused on oil development. Proved reserves surged 58% to 2.2 trillion cubic feet, emphasizing a robust asset base.

SilverBow Resources, Inc. (NYSE: SBOW) will release its financial and operating results for Q4 and full year 2022 on March 1, 2023, after market close. A conference call to discuss these results is scheduled for March 2, 2023, at 9:00 a.m. CT. Investors can participate via phone at 1-888-415-4465 or through a live webcast. A replay will be available two hours post-call, accessible until March 30, 2023. SilverBow, based in Houston, focuses on the exploration and production of oil and gas in the Eagle Ford Shale and Austin Chalk formations in South Texas.

SilverBow Resources (NYSE: SBOW) reported a 26% increase in net production quarter-over-quarter, reaching 299 MMcfe/d in Q3 2022. The company posted a net income of $143 million, including a $89 million unrealized gain on derivatives, and achieved an Adjusted EBITDA of $115 million. SilverBow reduced total debt by $14 million, achieving a leverage ratio of 1.27x. It completed an $87 million acquisition, adding 5,200 net acres, and established a new dry gas position in Webb County. The company anticipates 50% production growth year-over-year in 2023.

SilverBow Resources, Inc. (NYSE: SBOW) will release its third quarter 2022 financial and operating results on November 2, 2022, after market close. A conference call will follow on November 3, 2022, at 9:00 a.m. CT to discuss the results. The call can be accessed at this link. A replay will be available shortly after the call until December 1, 2022. SilverBow, based in Houston, focuses on oil and gas production in the Eagle Ford Shale and Austin Chalk regions.

SilverBow Resources, Inc. (NYSE: SBOW) has reached a definitive agreement to acquire oil and gas assets in DeWitt and Gonzales counties for approximately $87 million. This acquisition is set to enhance SilverBow's position in the Eagle Ford and Austin Chalk formations, increasing net production to around 1,100 barrels of oil equivalent per day, 44% of which is oil. The deal includes 5,200 net acres and aims to optimize development by allowing for 70,000 additional lateral feet to be drilled with fewer wells, significantly improving capital efficiency.