Financial Performance & Capital Allocation - The company reported approximately $1.1 billion of adjusted EBITDAX for 3Q25[8] - Capital expenditures for 3Q25 totaled approximately $735 million[8] - The company reduced gross debt by approximately $1.2 billion in the last 12 months[8] - The company further reduced FY25 capex by approximately $75 million[8,14] - The company is allocating $1 billion to net debt reduction[54] Production & Operations - The company is the largest domestic natural gas producer, with production of approximately 73 billion cubic feet equivalent per day (Bcfe/d) in 3Q25[8] - The company expects to produce approximately 75 Bcfe/d in 2026 with approximately $285 billion in capex[8] - The company's 2025 production outlook is approximately 26 billion cubic feet equivalent per day (MMcfe/d) for Northeast Appalachia, approximately 155 Bcfe/d for Southwest Appalachia, and approximately 30 Bcfe/d for Haynesville[11,12] - The company has upsized its credit facility to $35 billion, extending the maturity to 2030[9] Market & Strategy - The company signed a 15-year sales and purchase agreement (SPA) with Lake Charles Methanol, becoming the sole natural gas supplier to a new-build facility with a start date in approximately 2030, with pricing at a premium to NYMEX[8] - The company has access to approximately 25 Bcf/d of deliverability to the LNG corridor[79] - The company estimates over 40% demand growth by 2030, an increase of 27 Bcf/d[31]
Expand Energy Corporation(EXE) - 2025 Q3 - Earnings Call Presentation