Southwestern Energy Down 5% on Lower Than Expected Q4 Earnings

Southwestern Energy

is trading lower on the session followings its Q4 earnings report yesterday. The company reported EPS of $0.45 vs $0.47 Est. Steve Mueller, President and Chief Executive Officer of Southwestern Energy said, "2012 has already brought new challenges and we have modified our capital investments program and production guidance downward for 2012. A low cost structure, strong balance sheet, razor-sharp financial discipline and nimbleness to respond in this rapidly changing environment will still be the keys to success. In addition, our New Ventures ideas will begin blooming in 2012 and provide the potential for 2012 to be one of the most exciting years ever at Southwestern Energy. We are looking forward to creating additional value for our company and our stakeholders in 2012." Southwestern Energy is currently trading at $33.57, a loss of $1.76 or 4.98%.