Southwestern Energy Management

Management criteria checks 3/4

Southwestern Energy's CEO is Bill Way, appointed in Dec 2014, has a tenure of 9.33 years. total yearly compensation is $7.53M, comprised of 12.5% salary and 87.5% bonuses, including company stock and options. directly owns 0.33% of the company’s shares, worth €26.47M. The average tenure of the management team and the board of directors is 4.8 years and 7 years respectively.

Key information

Bill Way

Chief executive officer

US$7.5m

Total compensation

CEO salary percentage	12.5%
CEO tenure	9.3yrs
CEO ownership	0.3%
Management average tenure	4.8yrs
Board average tenure	7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bill Way's remuneration changed compared to Southwestern Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$2b
Sep 30 2023	n/a	n/a	US$5b
Jun 30 2023	n/a	n/a	US$6b
Mar 31 2023	n/a	n/a	US$6b
Dec 31 2022	US$8m	US$940k	US$2b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	-US$998m
Mar 31 2022	n/a	n/a	-US$3b
Dec 31 2021	US$7m	US$900k	-US$25m
Sep 30 2021	n/a	n/a	-US$2b
Jun 30 2021	n/a	n/a	-US$1b
Mar 31 2021	n/a	n/a	-US$1b
Dec 31 2020	US$8m	US$900k	-US$3b
Sep 30 2020	n/a	n/a	-US$3b
Jun 30 2020	n/a	n/a	-US$2b
Mar 31 2020	n/a	n/a	-US$1b
Dec 31 2019	US$10m	US$896k	US$891m
Sep 30 2019	n/a	n/a	US$1b
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$924m
Dec 31 2018	US$8m	US$880k	US$535m
Sep 30 2018	n/a	n/a	US$496m
Jun 30 2018	n/a	n/a	US$567m
Mar 31 2018	n/a	n/a	US$739m
Dec 31 2017	US$9m	US$876k	US$815m

Compensation vs Market: Bill's total compensation ($USD7.53M) is above average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.

CEO

Bill Way (64 yo)

9.3yrs

Tenure

US$7,527,410

Compensation

Mr. William J. Way, also known as Bill, has been the Chief Executive Officer of Southwestern Energy Company since January 6, 2016 and its President since December 4, 2014. Mr. Way served as the Chief Opera...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Way	President	9.3yrs	US$7.53m	0.33% $ 26.5m
Carl Giesler	Executive VP & CFO	2.8yrs	US$3.64m	0.026% $ 2.0m
Clayton Carrell	Executive VP & COO	6.3yrs	US$3.50m	0.13% $ 10.1m
John Kelly	Senior VP of Northeast Appalachia Division & Division Head	7.3yrs	US$1.35m	0.019% $ 1.5m
Derek Cutright	Senior VP of Southwest Appalachia Division & Division Head	4.6yrs	US$1.36m	0.023% $ 1.8m
Brittany Raiford	Director of Investor Relations	no data	no data	no data
Christopher Lacy	Senior VP	3.8yrs	no data	0.011% $ 876.3k
Dennis Price	Senior VP of Marketing	less than a year	no data	0.0018% $ 141.3k
Carina Gillenwater	Senior VP & Chief Human Resources Officer	5.8yrs	no data	0.014% $ 1.1m
William Dyson	Senior Vice President of Operations Services	5yrs	no data	0.017% $ 1.4m
Andrew Huggins	Senior Vice President of Haynesville & Division Head	2.6yrs	no data	0.020% $ 1.6m
Michael Hancock	VP of Finance & Treasurer	no data	US$1.03m	no data

4.8yrs

Average Tenure

52yo

Average Age

Experienced Management: SW5's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William Way	President	8.3yrs	US$7.53m	0.33% $ 26.5m
Jon Marshall	Independent Director	7.2yrs	US$290.00k	0.029% $ 2.3m
Gregory Kerley	Independent Director	13.7yrs	US$290.00k	0.039% $ 3.1m
Sylvester Johnson	Independent Director	3.7yrs	US$275.00k	0.014% $ 1.1m
John Gass	Independent Director	11.4yrs	US$305.00k	0.0099% $ 784.2k
Patrick Prevost	Independent Director	6.8yrs	US$295.00k	0.0067% $ 535.0k
Denis Walsh	Independent Director	4.8yrs	US$275.00k	no data
Anne Taylor	Independent Director	5.6yrs	US$275.00k	0.0023% $ 181.8k
Shameek Konar	Independent Director	less than a year	no data	0.0037% $ 293.7k
Catherine Kehr	Independent Chairman of the Board	12.8yrs	US$445.00k	0.049% $ 3.9m

7.0yrs

Average Tenure

66.5yo

Average Age

Experienced Board: SW5's board of directors are considered experienced (7 years average tenure).

Southwestern Energy Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Southwestern Energy Company Expands the Board to Ten Directors and Elects Shameek Konar as an Independent Director of the Company

Insufficient new directors

Insufficient new directors

Insufficient new directors

Southwestern Energy Company, Annual General Meeting, May 19, 2022

Recent updates

Now 22% overvalued after recent price rise

Southwestern Energy Company to Report Q1, 2024 Results on May 02, 2024

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: US$1.41 (vs US$1.67 in FY 2022)

Southwestern Energy Company to Report Q4, 2023 Results on Feb 22, 2024

Chesapeake Energy Corporation (NasdaqGS:CHK) entered into an agreement to acquire Southwestern Energy Company (NYSE:SWN) for $7.4 billion.

Chesapeake Energy Corporation (NasdaqGS:CHK) entered into an agreement to acquire Southwestern Energy Company (NYSE:SWN) for $7.8 billion.

Southwestern, Chesapeake Energy Reportedly Close to $17 Billion Merger

Southwestern Energy Company Provides Production Guidance for the Fourth Quarter and Full Year 2023

Third quarter 2023 earnings released: EPS: US$0.041 (vs US$0.41 in 3Q 2022)

Southwestern Energy Company to Report Q3, 2023 Results on Nov 02, 2023

Chesapeake Reportedly Explores Deal to Buy Southwestern

Insufficient new directors

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$0.21 (vs US$1.05 in 2Q 2022)

Southwestern Energy Company Provides Production Guidance for the Third Quarter and Full Year 2023

Southwestern Energy Company to Report Q2, 2023 Results on Aug 03, 2023

Southwestern Energy Company to Report Q2, 2023 Results on Aug 03, 2023

Southwestern Energy Company(NYSE:SWN) dropped from Russell 1000 Growth Index

Southwestern Energy Company Expands the Board to Ten Directors and Elects Shameek Konar as an Independent Director of the Company

SenecSeneca Resources Company, LLC entered into an agreement to acquire 30,000 net acres upstream assets in northwest Tioga County, Pennsylvania from Southwestern Energy Company (NYSE:SWN) for approximately $130 million.

First quarter 2023 earnings released: EPS: US$1.76 (vs US$2.40 loss in 1Q 2022)

Full year 2022 earnings released: EPS: US$1.67 (vs US$0.032 loss in FY 2021)

Southwestern Energy Company to Report Q4, 2022 Results on Feb 23, 2023

Now 20% undervalued after recent price drop

Insufficient new directors

Now 23% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: US$0.41 (vs US$2.36 loss in 3Q 2021)

Southwestern Energy Company Provides Production Guidance for the Fourth Quarter Ending December 31, 2022

Southwestern Energy Company to Report Q3, 2022 Results on Oct 27, 2022

Southwestern Energy Company Provides Production Guidance for the Third Quarter and Full Year of 2022

Second quarter 2022 earnings released: EPS: US$1.05 (vs US$0.90 loss in 2Q 2021)

Insufficient new directors

Southwestern Energy Company to Report Q2, 2022 Results on Aug 04, 2022

Insufficient new directors

Southwestern Energy Company(NYSE:SWN) dropped from Russell 2000 Dynamic Index

Southwestern Energy Company (NYSE:SWN) announces an Equity Buyback for $1,000 million worth of its shares.

First quarter 2022 earnings released: US$2.40 loss per share (vs US$0.12 profit in 1Q 2021)

Southwestern Energy Company to Report Q1, 2022 Results on Apr 28, 2022

Southwestern Energy Company, Annual General Meeting, May 19, 2022

Now 21% undervalued

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Now 25% undervalued after recent price drop

Southwestern Energy Company (NYSE:SWN) completed the acquisition of GEP Haynesville, LLC from GeoSouthern Haynesville, LP and Blackstone Credit.

Southwestern Energy Company has completed a Follow-on Equity Offering in the amount of $324.99999 million.

Third quarter 2021 earnings released: US$2.36 loss per share (vs US$1.04 loss in 3Q 2020)

Southwestern Energy Company (NYSE:SWN) (SWN) completed the acquisition of Indigo Natural Resources, LLC.

Second quarter 2021 earnings released: US$0.90 loss per share (vs US$1.63 loss in 2Q 2020)

Southwestern Energy Company(NYSE:SWN) dropped from Russell 3000E Value Index

Southwestern Energy Company (NYSE:SWN) agreed to acquire Indigo Natural Resources, LLC for $3 billion.

First quarter 2021 earnings released: EPS US$0.12 (vs US$2.86 loss in 1Q 2020)

Full year 2020 earnings released: US$5.42 loss per share (vs US$1.65 profit in FY 2019)

Revenue misses expectations

New 90-day high: €3.76

New 90-day high: €3.30

Southwestern Energy Company to Report Q4, 2020 Results on Feb 25, 2021

Southwestern Energy Company(NYSE:SWN) dropped from S&P 500 Oil & Gas Exploration & Production (Sub Ind)

New 90-day high: €2.92

Southwestern Energy Company Announces Demise of Julian Bott, Chief Financial Officer; Michael Hancock to Serve as the Chief Financial Officer on an Interim Basis

New 90-day high: €2.79

New 90-day high: €2.79

Southwestern Energy Company (NYSE:SWN) completed the acquisition of Montage Resources Corporation (NYSE:MR) from EnCap Energy Capital Fund VIII, L.P. and EnCap Energy Capital Fund IX, L.P. managed by EnCap Investments, L.P., Travis Peak Resources, LLC, Silver Point Capital L.P. and others.

Third-quarter earnings released: Revenue misses expectations

Third quarter earnings released

New 90-day high: €2.65

Southwestern Energy Company to Report Q3, 2020 Results on Oct 29, 2020

New 90-day low: €1.90

New 90-day low - €2.04