Core Insights - Extendicare Inc. reported strong results for Q1 2025, driven by growth across all business segments and positive operating performance [4][9] - The company is actively pursuing growth initiatives, including the acquisition of Closing the Gap and the purchase of nine LTC homes from Revera [4][7] Financial Performance - Adjusted EBITDA increased by $8.7 million or 42.7% to $29.0 million, reflecting improvements across all business segments [9] - Revenue for Q1 2025 was $374.7 million, an increase of $7.6 million compared to Q1 2024, with a 5.8% increase when excluding out-of-period funding [16] - Net earnings rose by $1.9 million to $15.0 million, largely due to the increase in Adjusted EBITDA [16] Business Segment Performance - Long-term care revenue decreased by $8.7 million to $197.8 million, but improved when excluding out-of-period funding [14] - Home health care revenue increased by $14.7 million to $158.3 million, driven by an 8.9% increase in average daily volume [19][17] - Managed services revenue rose by $1.6 million or 9.2% to $18.6 million, attributed to growth in SGP clients [22] Strategic Developments - The company completed the sale of three LTC homes under construction for net cash proceeds of $56.3 million, resulting in an estimated gain of $11.1 million [6] - Extendicare is on track to finalize the acquisition of nine LTC homes from Revera, expected to close in Q2 2025 [7] Operational Metrics - LTC average occupancy remained stable at 97.5% [13] - Home health care average daily volume reached 31,603, an increase of 8.9% from Q1 2024 [17] Financial Position - As of March 31, 2025, Extendicare had cash and cash equivalents of $109.5 million, with access to an additional $108.5 million under its credit facility [23] - AFFO increased to $19.8 million ($0.235 per basic share) from $17.6 million ($0.210 per basic share) [16]

Group 1 - Expand Energy (EXE) is a member of the Oils-Energy group, which consists of 246 companies and is currently ranked 15 in the Zacks Sector Rank [2] - The Zacks Rank system emphasizes earnings estimates and revisions, with Expand Energy holding a Zacks Rank of 1 (Strong Buy) [3] - Over the past 90 days, the Zacks Consensus Estimate for EXE's full-year earnings has increased by 62.9%, indicating improved analyst sentiment [3] Group 2 - Year-to-date, Expand Energy has returned approximately 4.4%, while the Oils-Energy group has seen an average loss of about 8% [4] - Golar LNG (GLNG) is another stock in the Oils-Energy sector that has outperformed, with a return of 0.4% since the beginning of the year [4] - Expand Energy belongs to the Alternative Energy - Other industry, which includes 44 stocks and is currently ranked 182 in the Zacks Industry Rank, with an average loss of 0.4% this year [5] Group 3 - Golar LNG is part of the Oil and Gas - Integrated - International industry, which consists of 17 stocks and is currently ranked 183, with a year-to-date decline of 5.7% [6] - Investors interested in Oils-Energy stocks should monitor both Expand Energy and Golar LNG for their continued strong performance [6]

Core Viewpoint - Extendicare Inc. announced the acquisition of Closing the Gap Healthcare Group Inc. by its subsidiary ParaMed Inc. for approximately $75.5 million, enhancing its home health care services in Ontario and Nova Scotia [1][3][4]. Transaction Details - The acquisition is structured on a debt-free, cash-free basis, with an earnout tied to new business revenue generation expected in the first year post-closing [3][8]. - The transaction is subject to customary closing conditions and is anticipated to close in the third quarter of 2025 [2]. Company Background - Closing the Gap has been a leader in home and community healthcare for 35 years, providing a range of services including personal support, nursing, physiotherapy, and social work [5][4]. - In 2024, Closing the Gap delivered over 1.1 million service hours through approximately 1,200 caregivers [5]. Financial Impact - The acquisition is projected to add approximately $84.2 million in revenue to Extendicare's home health care segment for 2024, with similar margins to ParaMed [6]. - The combined service volumes for the home health care segment would reach approximately 12.1 million hours with an average daily volume of 33,164 [7]. - The earnout from the transaction is estimated to be between $3.5 million and $5.5 million, contributing an additional $7.0 to $11.0 million in revenue [8]. Synergies and Growth Potential - The integration of back-office functions is expected to generate approximately $1.1 million in annualized cost synergies in the first year following the closing [8]. - The acquisition is seen as a strategic move to enhance Extendicare's capabilities and market presence in the home health care sector [4].

Core Points - Expand Energy Corporation (EXE) reported first-quarter 2025 adjusted earnings per share of $2.02, exceeding the Zacks Consensus Estimate of $1.85 and significantly higher than the previous year's adjusted profit of 56 cents, driven by strong production and higher sales prices [1] - The company's revenues from 'natural gas, oil and NGL' reached $2.3 billion, surpassing the Zacks Consensus Estimate of $2.2 billion and showing a substantial increase from $589 million in the same quarter last year [1] Production & Price Realizations - EXE's average daily production for the first quarter was 6,788 million cubic feet of gas equivalent (MMcfe/day), a 112% increase from 3,198 MMcfe/day year-over-year, and above the Zacks Consensus Estimate of 6,774 MMcfe/day [2] - Natural gas volume for the period was 6,254 MMcf/day, up 95.6% year-over-year, exceeding the consensus mark of 6,212 MMcf/day [2] - Oil production was reported at 14 thousand barrels per day (MBbl/d), while NGL output totaled 75 MBbl/d [2] Sales Prices - The average sales price for natural gas during the first quarter was $3.58 per Mcf, a 76% increase from $2.03 per Mcf in the prior year and above the consensus mark of $3.36 [3] - The average realized oil price was $63.40 per barrel, compared to the consensus estimate of $61 [3] - The average realized NGL price was $30.54 per barrel, exceeding the Zacks Consensus Estimate of $27.48 [3] Costs & Expenses - Total operating expenses rose to $2.5 billion from $1 billion in the year-ago quarter, primarily due to a nearly threefold increase in gathering, processing, and transportation costs to $563 million [4] - Marketing costs increased by 184% year-over-year to $919 million, and depreciation expenses rose by 78% from the first quarter of 2024 [4] Financial Position - Cash flow from operations nearly doubled to $1.1 billion, with capital expenditure totaling $563 million, resulting in a free cash flow of $533 million [5] - The company paid out $142 million in dividends during the period [5] - As of March 31, 2025, EXE had $349 million in cash and cash equivalents and long-term debt of $5.2 billion, reflecting a debt-to-capitalization ratio of 23.4% [5] Guidance - For the second quarter, EXE targets an average daily production of 7,100-7,200 MMcfe, and for the full year 2025, the target is 7,000-7,200 MMcfe [6] - The company has budgeted capital spending between $725 million and $800 million for the upcoming quarter, and between $2.9 billion and $3.1 billion for 2025 [6] - EXE currently holds a Zacks Rank 1 (Strong Buy) [6]

Expand Energy (EXE) Q1 2025 Earnings Call April 30, 2025 09:00 AM ET Speaker0 Good day and welcome to the Expand Energy twenty twenty five First Quarter Earnings Teleconference. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please note that this event is being recorded. I would now like to turn the conference over to Chris Ayers, Vice President, Investor Relations and Special Projects. Please go ahead. Speaker1 Thank ...

Financial Data and Key Metrics Changes - The company has successfully reduced approximately $1 billion in gross debt, including about $440 million in the first quarter [9] - The company expects to achieve approximately $400 million in synergies in 2025 and $500 million by year-end 2026 [9][10] - The company plans for capital allocation around a mid-cycle gas price of $3.5 to $4, consistent with the forward strip [9] Business Line Data and Key Metrics Changes - The company anticipates exiting 2025 at approximately 7.2 Bcfe per day, with plans to grow production to 7.5 Bcf a day in 2026 [11] - The productive capacity strategy has generated approximately $225 million more in free cash flow compared to if the wells had been turned in line last year [11] Market Data and Key Metrics Changes - The company has joined the S&P 500 Index and received investment-grade ratings from all major agencies, indicating strong market positioning [10] - The macro fundamentals for natural gas remain constructive, with growing LNG and data center demand expected to support market strength in 2026 [9] Company Strategy and Development Direction - The company focuses on building scale in the best gas assets, lowering costs through merger synergies, and strengthening its capital structure [8] - The company is exploring opportunities in the LNG business and is in discussions regarding various projects [29] Management's Comments on Operating Environment and Future Outlook - Management acknowledges recent market volatility but emphasizes a resilient financial foundation and efficient operations as key strengths [8] - The company plans to absorb near-term volatility in capital allocation decisions, maintaining a focus on mid-cycle pricing [20] Other Important Information - The company has a strong commitment to returning cash to shareholders, having returned approximately $3.7 billion through dividends and buybacks historically [35] - The company is actively managing its hedging strategy, having added about 740 Bcf of new hedges for 2026 with favorable floor and ceiling prices [16] Q&A Session Summary Question: Thoughts on hedging strategy for 2026 - The company will continue a disciplined approach to hedging, adding new hedges to manage commodity price risks effectively [15] Question: Perspective on gas commodity supply and demand - Management noted strong supply due to deferred activity and light demand in early months, but remains confident in mid-cycle price expectations [18][20] Question: Breakeven point and future trajectory - Current breakeven is below $3, with expectations to drive it lower through synergies and efficiencies [25] Question: LNG business potential and pricing impact - The company is exploring LNG opportunities and is well-positioned to grow its value chain, with ongoing discussions in Asia [28] Question: Cash return program and tranche three details - The company is evaluating how to apply tranche three cash returns, considering both buybacks and variable dividends [33][36] Question: Haynesville activity levels and operational changes - The company is on track with its operational plans, running four frac crews and focusing on reducing DUC inventory [38] Question: Trends in well costs and tariff impacts - The company expects costs to remain flat to slightly down, with most casing sourced domestically mitigating tariff impacts [45] Question: Future M&A opportunities - Management remains focused on realizing synergies from the recent merger but will consider future opportunities that meet their non-negotiables [49] Question: Infrastructure developments in Appalachia - The company supports infrastructure build-out discussions and is exploring opportunities for expanded gas demand in the region [56] Question: Production levels and market dynamics - The company plans to optimize production and manage flexibility in response to market conditions, ensuring a strategic approach to capital spending [90]

Financial Performance & Outlook - 1Q25 net production reached approximately 6.8 Bcfe/d, generating around $1.4 billion in Adjusted EBITDAX and incurring approximately $660 million in Capex[9] - The company is on track to achieve approximately $400 million in synergies in 2025, with total annual synergies projected to reach around $500 million by the end of 2026[9, 17] - The 2025 plan is on track, targeting approximately 7.1 Bcfe/d production with approximately $3.0 billion in Capex, including approximately $2.7 billion in base capital and approximately $300 million in productive capacity capex[9] - The company anticipates exiting 2025 with a production rate of approximately 7.2 Bcfe/d and averaging approximately 7.5 Bcfe/d in 2026, contingent on market conditions[28] Capital Allocation & Returns - The company's capital returns framework includes a base dividend, $500 million in net debt reduction, and allocation of 75% of remaining Free Cash Flow (FCF) to buybacks/variable dividends, with 25% allocated to cash on hand[10] - The company aims to reduce net debt by $500 million in 2025 from within annual FCF and has allocated approximately $116 million from Eagle Ford divestitures to net debt reduction[55] - Approximately $1.1 billion in debt retirement is targeted by year-end 2025, aiming for a net debt/Adjusted EBITDAX ratio of less than 10x, or approximately $4.5 billion or less in net debt[60] Production & Operations - The company's 2025 production plan targets approximately 7.1 Bcfe/d[27] - Haynesville production is expected to be approximately 2.9 Bcfe/d in 2025[68] - Northeast Appalachia production is expected to be approximately 2.6 Bcfe/d in 2025[68] - Southwest Appalachia production is expected to be approximately 1.6 Bcfe/d in 2025[68]

Expand Energy (EXE) came out with quarterly earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.19%. A quarter ago, it was expected that this oil and gas company would post earnings of $0.53 per share when it actually produced earnings of $0.55, delivering a surprise of 3.77%.Over the last four quarters, the c ...

Merger and Acquisitions - The Southwestern Merger was completed on October 1, 2024, resulting in the issuance of approximately 95.7 million shares valued at approximately $7.9 billion to Southwestern's shareholders [117]. - The company was added to the S&P 500 Index in March 2025 following the completion of the Southwestern Merger and receipt of investment grade ratings [119]. - The company recognized approximately $27 million in costs related to the Southwestern Merger during Q1 2025 [148]. Financial Performance - Cash provided by operating activities increased to $1,096 million in the current quarter from $552 million in the prior quarter, driven by increased sales volumes and higher prices for natural gas, oil, and NGL [135]. - Total natural gas, oil, and NGL sales reached $2,300 million in Q1 2025, a $1,711 million increase compared to Q1 2024, driven by the Southwestern Merger and higher average prices [141]. - The effective income tax rate was 21.9% in the current quarter, compared to 21.2% in the prior quarter, with a recorded income tax benefit of $70 million [150]. - An income tax benefit of $70 million was recorded for Q1 2025, compared to an income tax expense of $7 million in Q1 2024 [150]. Capital Expenditures and Investments - The company expects to invest between $2.9 billion and $3.1 billion in capital expenditures for the year ending December 31, 2025, with plans to complete 240 to 270 gross wells [133]. - The company plans to fund its 2025 capital program through cash on hand, expected cash flow from operations, and borrowings under the Credit Facility [133]. - The company authorized a stock repurchase program of up to $1.0 billion and aims for a targeted $500 million annual net debt reduction in 2025 [121]. Liquidity and Debt - As of March 31, 2025, the company had $2.8 billion of liquidity available, including $0.3 billion in cash and $2.5 billion in unused borrowing capacity under the Credit Facility [125]. - The company had approximately $2.5 billion available for borrowings under its Credit Facility as of March 31, 2025 [131]. - Total interest expense increased to $59 million in the current quarter from $19 million in the prior quarter, primarily due to the assumption of Southwestern's Senior Notes [149]. Production and Expenses - Total production expenses rose by $88 million compared to the prior quarter, primarily due to the Southwestern Merger and increased volumes [142]. - Gathering, processing, and transportation expenses increased by $390 million compared to the prior quarter, attributed to higher volumes and rates following the Southwestern Merger [143]. - Severance and ad valorem taxes increased by $19 million compared to the prior quarter, with $30 million of this increase related to the Southwestern Merger [144]. - Depreciation, depletion, and amortization increased to $711 million in the current quarter from $399 million in the prior quarter, mainly due to the Southwestern Merger [147]. - General and administrative expenses remained stable at $47 million, with a decrease in per Mcfe costs due to increased production volumes from the Southwestern Merger [146]. Market Conditions and Risks - The company cautions that forward-looking statements are subject to numerous risks and uncertainties, including commodity price volatility and operational risks [152]. - The company anticipates potential impacts on operations due to global economic conditions and OPEC+ actions, which may affect financial performance [152]. - Forward-looking statements indicate that the company faces numerous risks, including commodity price volatility and competition in the natural gas and oil industry [152].

Exhibit 99.1 N E W S R E L E A S E Expand Energy Corporation Reports First Quarter 2025 Results OKLAHOMA CITY, April 29, 2025 – Expand Energy Corporation (NASDAQ: EXE) ("Expand Energy" or the "Company") today reported first quarter 2025 financial and operating results. (1) Definitions of non-GAAP financial measures and reconciliations of each non-GAAP financial measure to the most directly comparable GAAP financial measure are included at the end of this news release. "Overcoming market volatility requires ...