Welcome to our dedicated page for SilverBow Res news (Ticker: SBOW), a resource for investors and traders seeking the latest updates and insights on SilverBow Res stock.
SilverBow Resources, Inc. (NYSE: SBOW) is an independent, Houston-based energy company with a primary focus on the exploration, development, and production of oil and natural gas. Operating primarily in the Eagle Ford Shale and Austin Chalk regions of South Texas, the company leverages nearly 30 years of regional expertise to maintain a high-quality drilling inventory and maximize returns on capital investments.
SilverBow's operations are highly contiguous, optimizing horizontal well development while ensuring operational efficiency. The company generates significant revenue from oil, natural gas, and natural gas liquids sales, with a majority coming from the prolific Webb County Gas field.
Recent strategic moves include efforts to position the company for sustainable growth and value creation. Despite challenges from shareholders like Kimmeridge, SilverBow continues to focus on enhancing shareholder value through a strategic sales process, recently leading to a pending sale to Crescent Energy.
The company’s commitment to operational excellence, combined with its strategic initiatives, underscores its significance in the energy sector. SilverBow Resources remains a critical player in the Eagle Ford Shale, continuously adapting to the evolving landscape to deliver strong financial performance and shareholder returns.
SilverBow Resources, Inc. (NYSE: SBOW) has announced its definitive agreement to acquire oil and gas assets in the Eagle Ford for approximately $33 million, utilizing 1.5 million shares of common stock. The acquisition includes 45,000 net acres, enhancing its gas position in McMullen and Live Oak counties, while adding oil positions in three other counties. The effective date is set for June 1, 2021, with an expected closing around October 1, 2021. This move aims to increase the company’s production capability and adjust its leverage profile positively.
SilverBow Resources (NYSE: SBOW) reported Q2 2021 results, highlighting net production of 213 MMcfe/d, topping guidance. The company raised its 2021 production forecast to 200-210 MMcfe/d, with an increased free cash flow (FCF) estimate of $45-$55 million. SilverBow's adjusted EBITDA stood at $43 million, but it reported a net loss of $20 million. Operationally, it reduced debt by $2 million and maintained a leverage ratio of 1.93x. The company continues to expand its drilling inventory and enhance operational efficiency.
SilverBow Resources, Inc. (NYSE: SBOW) announced its participation in EnerCom’s The Oil & Gas Conference on August 16, 2021, in Denver, Colorado. The presentation materials will be accessible on the Company's website under the 'Investor Relations' section. SilverBow is a Houston-based energy company focused on the exploration, development, and production of oil and gas, primarily in the Eagle Ford Shale of South Texas. With over 30 years in the industry, SilverBow leverages its expertise to enhance operations and maximize capital returns.
SilverBow Resources, Inc. (NYSE: SBOW) will release its financial and operating results for the second quarter of 2021 on August 4, post-market. A conference call to discuss these results is scheduled for August 5 at 9:00 a.m. CT. Interested parties can access the call via dial-in or webcast. Replay options will be available post-call until September 2. SilverBow is a Houston-based energy company specializing in the exploration and production of oil and gas, primarily in the Eagle Ford Shale region of South Texas. Further details can be found on their official website.
SilverBow Resources announced strong Q1 2021 results, with net production averaging 180 MMcfe/d, exceeding guidance. Key financials include a $28 million net income and an Adjusted EBITDA of $63 million, alongside a free cash flow of $24 million. The company improved its full-year FCF guidance by $10 million to $30-$50 million. Additionally, SilverBow reduced total debt by $30 million, achieving a leverage ratio of 2.1x. Operationally, the success of the Austin Chalk well supports further drilling opportunities, and a drilling program expansion is expected to boost production in Q3.
SilverBow Resources, Inc. (NYSE: SBOW) will announce its first quarter 2021 financial and operational results on May 5, 2021, after market close. A conference call to discuss these results is scheduled for May 6, 2021, at 9:00 a.m. CT (10:00 a.m. ET). Participants are encouraged to register in advance via the provided link. The company, based in Houston, specializes in oil and gas exploration in the Eagle Ford Shale, leveraging over 30 years of experience to enhance operational efficiency and maximize capital returns.
SilverBow Resources, Inc. (NYSE: SBOW) has announced an operational and financial update, highlighting the successful extension of its $600 million senior secured revolving credit facility, maturing in April 2024. The first Webb County Austin Chalk well has exceeded expectations, producing an average of 12.9 MMcf/d, while the second Eagle Ford La Mesa pad achieved peak production of 90 MMcf/d. The company anticipates first quarter production of 180 MMcfe/d and expects free cash flow for 2021 to reach the high end of $20-$40 million guidance.
SilverBow Resources (NYSE: SBOW) reported its fourth quarter and full year 2020 results, highlighting a net production of 178 MMcfe/d, a 17% increase in oil and gas sales, and a net income of $9 million. The Company achieved positive free cash flow of $12 million for the quarter, marking five of the last six quarters with positive FCF. Total net losses for 2020 were $309 million, though it reduced net debt by $24 million. For 2021, SilverBow anticipates production growth between 180-200 MMcfe/d and projected free cash flow of $20-$40 million.
SilverBow Resources, Inc. (NYSE: SBOW) will release its financial and operating results for Q4 and full year 2020 post-market on March 3, 2021. An accompanying conference call is scheduled for March 4, 2021, at 9:00 a.m. Central Time. Interested parties can register for the call online. The company, based in Houston, focuses on the exploration and production of oil and gas in the Eagle Ford Shale, benefiting from over 30 years of operational experience in the region. This upcoming report aims to provide investors with crucial financial insights.
SilverBow Resources, Inc. (NYSE: SBOW) reported its third quarter 2020 results, averaging net production of 183 MMcfe/d, exceeding guidance. The Company experienced a net loss of $7 million, yet reported Adjusted EBITDA of $36 million and free cash flow (FCF) of $9 million. SilverBow anticipates full-year FCF of $50 million, improved from prior estimates. Total debt decreased by $17 million, with a leverage ratio of 2.5x and liquidity of $78 million at quarter-end. The Company has initiated a nine-well gas development program and expects modest production growth in 2021.
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