Expand Energy, which used to be known as Chesapeake Energy, has come out of bankruptcy and joined forces with Southwestern Energy, concentrating mainly on natural gas and holding important assets in major U.S. shale areas. The management has provided a clear plan for 2025 that includes a large increase in production, $3 billion in investments, and considerable cost savings to boost profits. Additionally, the company aims to lower its net debt by $616 million in 2025 while keeping a strong leverage ratio and rewarding shareholders.
Expand Energy, which was previously called Chesapeake Energy and is the largest natural gas producer in the U.S., announced on Thursday that it plans to increase its production by over 5% in 2026 compared to what is anticipated for 2025, provided that market conditions are favorable.
Expand Energy (EXE) reported quarterly earnings of $0.55 per share, which is higher than the Zacks Consensus Estimate of $0.53 per share. In comparison, the company earned $1.31 per share during the same period last year.
Expand Energy (EXE) reported quarterly earnings of $0.55 per share, which is higher than the Zacks Consensus Estimate of $0.53 per share. In comparison, the company earned $1.31 per share during the same period last year.
On Wednesday, Expand Energy, a natural gas producer in the U.S., exceeded profit expectations for the fourth quarter due to a small increase in gas prices.
Expand Energy, the biggest natural gas producer in the U.S. and previously called Chesapeake, is planning to sell most of its well-known campus in Oklahoma City, Oklahoma, as stated in a document seen by Reuters and the brokers working on the sale.
Shares of Expand Energy (EXE) have begun to rise and may keep increasing soon, based on positive changes in earnings forecasts.
Is Expand Energy (EXE) a strong choice for momentum investors? Let's take a closer look.
Expand Energy is expected to have less than $50 million in notes that need to be paid off before 2030. The company is forecasted to produce $1.75 billion in free cash flow in 2025. This situation will enable them to allocate a large portion of that money to return to shareholders, along with their regular dividend.
OKLAHOMA CITY, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Expand Energy Corporation (NASDAQ: EXE) has announced the end and results of its cash offer to buy back all of its 5.500% Senior Notes due in 2026. This offer, known as the "Tender Offer," closed at 5:00 p.m. New York City time on November 27, 2024.