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SWIFT ENERGY COMPANY 2006
ANNUAL REPORT
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Highlights |
 |
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| |
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2006
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2005
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|
Percent
Change
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| |
|
|
|
|
|
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| Revenues
|
|
$615,441,230 |
|
$423,226,489 |
|
45%
|
| Costs & Expenses
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$353,155,065
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$244,786,938
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44%
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| Net Income
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$161,565,340 |
|
$115,778,456 |
|
40% |
| |
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|
|
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| Earnings per Share--Basic
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$5.52 |
|
$4.06 |
|
36% |
| Earnings per Share--Diluted
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|
$5.38 |
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$3.95 |
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36%
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| |
|
|
|
|
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| Total Assets
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$1,585,681,758 |
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$1,204,412,622 |
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32% |
| Working Capital
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$(53,402,247) |
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$16,634,121 |
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NA |
| Current Ratio
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0.63
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|
1.17
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(46%)
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| Long-Term Debt
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$381,400,000 |
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$350,000,000 |
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9%
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| Stockholders' Equity |
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$797,916,972
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$607,318,167
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31% |
| Long-Term
Debt to Equity Ratio
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0.48
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|
0.58
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(17%)
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| Return
on Assets (Net Income / Average Assets)
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11.6%
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10.5%
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|
10% |
| Return
on Stockholders’ Equity (Net Income / Average Equity)
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23.0%
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21.4%
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|
7% |
| |
|
|
|
|
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| Net Cash Provided by Operating Activities
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$424,921,046 |
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$285,333,484 |
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49% |
| |
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|
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| Total Production (Mcfe)
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|
70,204,544 |
|
59,589,526
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|
18% |
| Natural Gas Production (Mcf)
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|
22,787,948 |
|
23,609,242 |
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(3%) |
| Oil & Condensate Production (Bbls)
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|
7,189,762 |
|
5,158,962
|
|
39% |
| Natural Gas Liquids
Production (Bbls)
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|
713,004 |
|
837,752 |
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(15%) |
| |
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| Average Composite Prices Received ($/Mcfe)
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$8.57 |
|
$7.11 |
|
21% |
| Average Natural Gas Prices Received ($/Mcf)
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$5.05
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$5.23
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(3%) |
| Average Oil & Condensate Prices Received ($/Bbl) |
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$64.47
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$53.63
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|
20% |
| Average Natural Gas
Liquids Prices Received ($/Bbl)
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$32.15 |
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$28.04 |
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15% |
| |
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| Total Proved Reserves (Mcfe)
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816,845,916 |
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761,791,482 |
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7%
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| Proved Natural Gas Reserves (Mcf)
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|
324,131,417 |
|
287,473,150 |
|
13%
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| Proved Oil & Condensate Reserves
(Bbls)
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68,922,412 |
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64,946,534
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|
6% |
| Proved Natural Gas Liquids
Reserves (Bbls)
|
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13,196,671 |
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14,106,522 |
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(6%) |
| |
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| Weighted Average Shares Outstanding
|
|
29,265,366 |
|
28,496,275 |
|
3% |
| Year-End Shares Outstanding |
|
29,742,918 |
|
29,009,530 |
|
3% |
| Number of Shareholders of Record |
|
252 |
|
258 |
|
(2%) |
| Number of Shareholders in Street Name
(estimated)
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|
23,300 |
|
23,450 |
|
(1%) |
| Market Price of Common Stock at Year-End
|
|
$44.81 |
|
$45.07 |
|
(1%) |
| Price-Earnings
Ratio (Year-End Stock Price/EPS-Basic)
|
|
8.1 |
|
11.1 |
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(27%)
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| |
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| Number of Employees |
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345 |
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311 |
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11%
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® are registered service marks of Energy Company.
