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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-13726 EXPAND ENERGY CORPORATION (Exact name of registrant as specified in its charter) Oklahoma 73-1395733 (State or other jurisdiction of incorp ...

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 ...

Core Insights - Expand Energy Corporation reported a net loss of $249 million for Q1 2025, with adjusted net income of $487 million, or $2.02 per share [6][18][33] - The company produced approximately 6.79 Bcfe per day, with 92% being natural gas, and plans to increase production to approximately 7.1 Bcfe per day in 2025 [3][4][21] - Expand Energy is on track to achieve $400 million in annual synergies for 2025, with a total target of $500 million by the end of 2026 [5][6] Financial Performance - Total revenues for Q1 2025 were $2.196 billion, compared to $1.081 billion in Q1 2024, reflecting a significant increase [18] - Operating expenses totaled $2.464 billion in Q1 2025, up from $1.049 billion in the same period last year [18] - The company reported net cash provided by operating activities of $1.096 billion for Q1 2025, compared to $552 million in Q1 2024 [20][37] Operational Update - Expand Energy operated an average of 11 rigs in Q1 2025, drilling 46 wells and turning 89 wells in line [3] - The company plans to run approximately 12 rigs in 2025 and invest about $2.7 billion, with an incremental capital investment of $300 million to increase rig count to approximately 15 by year-end 2025 [4][5] - The company achieved an adjusted EBITDAX of $1.395 billion for Q1 2025, compared to $508 million in Q1 2024 [28][36] Shareholder Returns - The company plans to pay a quarterly base dividend of $0.575 per share on June 4, 2025, marking the 17th consecutive quarter of dividend payments [6][7] - Expand Energy expects to allocate $500 million towards net debt reduction in 2025, alongside additional free cash flow for variable dividends and share repurchases [6][7] Market Position - Expand Energy is the largest natural gas producer in the United States and was added to the S&P 500 effective March 24, 2025 [10][6] - The company has been upgraded to an investment-grade credit rating by Moody's (Baa3), achieving a uniform investment-grade rating from all rating agencies [6][7]

Core Viewpoint - EXEL Industries Group reported a revenue decline of 3.8% in Q2 2024-2025, primarily driven by lower volumes in Agricultural Spraying, while other segments showed stability or growth [3][5][13]. Revenue Summary - Q2 revenue for EXEL Industries Group was €281.4 million, down from €292.6 million in the same quarter of the previous year, reflecting a decrease of €11.3 million [3][2]. - For the first half of the fiscal year, total revenue was €443.4 million, a decrease of €49.4 million or 10.0% compared to the previous year [2]. Segment Performance - **Agricultural Spraying**: Revenue decreased by 15.7% to €132.7 million, attributed to low volumes and a cautious market in North America [4][5]. - **Sugar Beet Harvesting**: Sales increased by 47.6%, with all product categories showing growth after resolving production delays [6]. - **Leisure**: Sales remained stable with a slight decrease of 0.1%, supported by strong performance in the Garden segment in the UK [7]. - **Industry**: Revenue grew by 7.5%, with dynamic sales across all product categories, particularly in high viscosity products [8]. Market Outlook - Order intake remains low, but there are signs of recovery in Europe and large-scale crop markets, although uncertainty persists in North America due to economic factors [11]. - The Group is adjusting production capacities and cost structures in response to current market conditions, particularly in North America where pricing policies are under review [11][13]. - The outlook for the Garden segment in 2025 is optimistic, contingent on normal weather conditions, following two years of unfavorable rainfall [11]. Company Profile - EXEL Industries is a French family-owned group focused on designing, manufacturing, and marketing capital equipment, with a strong emphasis on innovation and customer service [14][15].

Expand Energy Corporation (EXE) is set to release first-quarter results on April 29. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $1.85 per share on revenues of $2.2 billion.Let’s delve into the factors that might have influenced the energy explorer’s performance in the March quarter. But it’s worth taking a look at Expand Energy’s previous-quarter performance first.Highlights of Q4 Earnings & Surprise HistoryIn the last reported quarter, this Oklahoma City-based natura ...