Expand Energy Posts 3Q EPS of $2.24
EXE is trading near its 52-week low of $83.25 (14% above the low).
Summary
Expand Energy reported third-quarter EPS of $2.24, its first quarterly print under new CEO Danny Brown, who took over October 26, alongside adjusted EPS of $1.46, net income of $519M and revenue of $3.29B. Net production for the quarter was 7.54 Bcfe/d, 92% of it natural gas. The headline lands against a weak base: Q2 net income fell 46% to $522M on lower gas prices, so this quarter's per-share result is the first read on whether the downcycle is easing. The company is also carrying the $1.25B Twin Eagle acquisition closed September 16 and $500M of new 5.650% senior notes due 2031, both of which will shape the balance sheet and interest expense in this report. Looking ahead, Expand expects to run 11-12 rigs for FY26 with capital investment guidance updated to about $3B, and sees FY26 average daily production of 7.45 - 7.55 Bcfe/d.
At the time of this announcement, EXE was trading at $94.62 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $21.9B. The 52-week trading range was $83.25 to $126.62. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.