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swn Southwestern Energy® NEWS RELEASE ● Corporate Office P.O. Box 12359 Spring , Texas 77391-2359 www.swn.com SPRING , Texas - November 3 , 2021 - Southwestern Energy Company ( NYSE : SWN ) today announced financial and operating results for the third quarter ended September 30 , 2021 . ● SOUTHWESTERN ENERGY ANNOUNCES THIRD QUARTER 2021 RESULTS Creating sustainable value in responsible natural gas development from disciplined execution , growing scale and financial strength Established scale positions in the two premier US natural gas basins by expanding operations into the Haynesville with the closing and integration of Indigo Natural Resources ; Generated $ 213 million net cash provided by operating activities , $ 396 million net cash flow ( non - GAAP ) , and $ 105 million of free cash flow ( non - GAAP ) ; On track to exceed $ 475 million in free cash flow in 2021 Improved leverage ratio by 0.4x to 2.2x and expect to reduce leverage to approximately 2x by year - end ; Issued $ 1.2 billion of 5.375 % senior notes due 2030 , extending maturity runway and lowering cost of debt ; received credit rating upgrade to BB by S & P ; Reported total production of 310 Bcfe , or 3.4 Bcfe per day , including one month of Haynesville production ; total 2.7 Bcf per day of gas and 106 MBbls per day of liquids ; Achieved record SEC proved reserves ( unaudited ) of approximately 18.5 Tcfe ; and Received weighted average realized price ( excluding impact of transportation and hedges ) of $ 4.08 per Mcfe . " Disciplined execution and financial strength defined the quarter for Southwestern Energy . Our team delivered financial and operating results which exceeded expectations , including the successful establishment of operations in Haynesville . Our team's proven capabilities in large scale consolidation and development are capturing the tangible benefits of scale from core positions in the two premier US gas basins . Our strategy continues to differentiate SWN and strengthen our position as a preferred investment opportunity for institutional investors seeking exposure to responsible natural gas development , " said Bill Way , Southwestern Energy President and Chief Executive Officer .