EXE
Expand Energy Corporation106.58
-3.96-3.58%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
25.38BP/E (TTM)
34.27Basic EPS (TTM)
3.11Dividend Yield
0.03%Recent Filings
10-Q
Q3 FY2025 results
Expand Energy's Q3 FY2025 results showcased robust topline momentum post-merger, with natural gas, oil, and NGL revenues surging 355% y/y to $1.85B on 7,333 MMcfe/d production, up 177% y/y, while marketing added $666M. Operating income flipped to $725M from a $155M loss y/y, driven by Haynesville (45% of revenue) and Appalachia gains, though gross margins held steady amid higher volumes. Diluted EPS hit $2.28, reconciling neatly to 239.9M shares with no anti-dilution flags. Cash from operations reached $3.62B YTD, funding $2.0B capex and $1.0B FCF (derived); liquidity stands strong at $4.1B with $613M cash and $3.5B revolver availability under the new 2030 facility, while total debt trimmed to $5.0B after repaying $436M notes. The October 2024 Southwestern merger closed via all-stock issuance worth $7.9B, adding $10.0B in proved properties. Yet commodity price swings remain a persistent drag.
8-K
Strong Q3 results, guidance up
Expand Energy posted Q3 2025 net income of $547 million on 7.33 Bcfe/d production, up sharply from last year, with operating cash flow hitting $1,201 million. The company trimmed full-year capex guidance to $2.85 billion while boosting production outlook to 7.15 Bcfe/d, locked in a 15-year gas supply deal with Lake Charles Methanol starting 2030 at NYMEX premium, and snapped up 82,500 net acres in Haynesville and Appalachia. Balance sheet flexes with a $3.5 billion credit facility to 2030. Synergies ramp to $500 million in 2025.
8-K
Expand secures $3.5B credit facility
Expand Energy Corporation secured a $3.5 billion unsecured revolving credit facility on September 30, 2025, with potential expansion to $4.5 billion, maturing in five years. This replaces the prior facility, funding working capital, capex, and general corporate needs while imposing a 65% debt-to-capitalization covenant. Lenders gain flexibility through prepayment options, but covenant breaches could trigger acceleration.
8-K
CFO departs; interim appointed
Expand Energy Corporation's CFO Mohit Singh departed on August 13, 2025, via termination without cause, securing severance under the Executive Severance Plan. Brittany Raiford, 39, stepped up as Interim CFO that day, drawing from her Southwestern Energy roots since 2011 in investor relations and accounting. She'll earn $334,750 base salary, $12,000 monthly stipend, and $200,000 in vesting RSUs. Smooth transition, yet a permanent hire looms.
10-Q
Q2 FY2025 results
Expand Energy posted robust Q2 results, with revenues surging to $3.7B from $505M a year ago, fueled by the October 2024 Southwestern merger that boosted natural gas, oil, and NGL sales 435% y/y to $2.0B amid higher volumes and prices. Operating income flipped to $1.3B from a $294M loss, while diluted EPS hit $4.02, reconciling cleanly to 240.6M shares with no anti-dilution flags. Gross margins strengthened as production costs per Mcfe edged up to $0.23 from $0.20, driven by Haynesville and Appalachia expansions. Cash from operations reached $2.4B YTD, yielding $1.2B free cash flow after $1.2B capex; liquidity stands at $3.2B with $731M cash and full $2.5B revolver access, while long-term debt trimmed to $5.1B via repurchases. The merger closed October 1, 2024, as an all-stock deal valued at $7.9B, recognizing $10.0B in proved properties and $4.3B unproved. Yet commodity price swings remain a persistent drag.
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