Expand Energy shares jump on earnings beat, raised production outlook By Investing.com
Update: 2025-10-29
Description
Expand Energy Corporation exceeded expectations in Q3, posting adjusted earnings of $0.97 per share and revenue of $2.96 billion, up from predicted $2.7 billion. The company, a major natural gas producer, increased its full-year production guidance by 50 million cubic feet equivalent per day to 7.15 billion. Expand Energy also lowered its capital spending forecast by $75 million to $2.85 billion. The company's focus on affordable, reliable, and lower carbon energy, along with improved capital efficiency, drove its performance. Expand Energy acquired over 82,000 acres of new leasehold and signed a new 15-year supply agreement, positioning itself as the sole gas supplier for Lake Charles Methanol. The company plans to use $500 million to pay down debt in H2 2023 and maintain its regular base dividend of $0.575 per share.
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