NYSE$EXE

Expand Energy Corp · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Expand Energy reported a net loss in Q4 2024 despite strong production growth and improved revenue.

Expand Energy reported a Q4 2024 net loss of $399 million ($1.72 per share), while adjusted net income reached $131 million ($0.55 per share). Revenue totaled $2.001 billion, driven by strong production of 6.41 Bcfe/d. The company continues to invest in expansion and efficiency improvements despite market challenges.

  • Q4 2024 revenue increased to $2.001 billion, up from $1.948 billion in Q4 2023.
  • Net loss for Q4 2024 was $399 million, compared to a net income of $569 million in Q4 2023.
  • Adjusted net income stood at $131 million ($0.55 per share) versus $185 million ($1.31 per share) in Q4 2023.
  • Production averaged 6.41 Bcfe/d, with 91% natural gas, supporting future growth.

Headline financials

Total Revenue

$2B

Previous: $1.28B+56.8%
EPS (adj)

$0.55

Previous: $1.31-58.0%
Produced Bcfe/d net

6.4B

Previous: 3.43+186938775410.2%
Adjusted EBITDAX

$964M

Previous: $635M+51.8%
Net cash from operating activities

$382M

No prior period
Capital Expenditures

-$536M

Previous: -$379M-41.4%
Net Income

-$399M

Previous: $569M-170.1%
Operating Income

-$386M

Previous: $54M-814.8%
Gross Profit

$177M

Previous: $91M+94.5%

Revenue & EPS history

Chesapeake · Revenue · Quarterly

$2B

Q4 2024+56.8%vs Q4 2023
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Revenue by segment

Chesapeake · $398M total across 1 segment · Q4 2019

  • Natural Gas, Oil and NGL
    $398M

Forward guidance

Expand Energy expects to increase production and improve financial performance in 2025 while managing capital expenditures efficiently.

Tailwinds

  • 2025 production expected to increase to 7.1 Bcfe/d, reflecting higher output efficiency.
  • Projected $2.7 billion in capital investments to support growth initiatives.
  • Plan to build an additional 300 MMcfe/d of capacity with $300 million incremental investment.
  • Annual synergy target increased to $400 million, with a full target of $500 million by 2026.
  • Commitment to dividend payments, with $0.575 per share base dividend set for Q1 2025.

Headwinds

  • Q4 2024 net loss highlights continued market and operational challenges.
  • Capital expenditures expected to remain high, at $2.7 billion for 2025.
  • Market volatility and natural gas price fluctuations could impact revenue growth.
  • Debt management remains a focus, with $5.7 billion total debt outstanding.
  • Regulatory uncertainties and energy transition policies may affect future operations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.3%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+4.9%

Avg return

30 days after

52%

11 / 21 earnings

Positive

+7.9%

Q1 2022

Best reaction

-6.8%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.9%+3.9%-4.1%
Q4 2025-2.4%+0.4%+4.4%
Q3 2025-6.1%+9.0%+20.7%
Q1 2025-3.3%+0.8%+8.1%
Q4 2024-4.6%-1.7%+8.3%
Q3 2024+3.9%-1.9%+15.8%
Q2 2024-2.0%-6.9%-7.5%
Q1 2024-6.8%-6.8%-3.3%
Q4 2023+6.5%+4.1%+9.6%
Q3 2023+1.5%+4.4%-6.2%
Q2 2023-2.2%+1.2%+4.6%
Q1 2023-6.3%-4.4%-7.4%
Q4 2022-0.5%+6.6%-8.7%
Q3 2022+1.5%-1.4%-0.1%
Q2 2022+1.2%+1.7%+8.4%
Q1 2022+7.9%-4.4%+11.5%
Q4 2021+6.9%+16.4%+34.6%
Q3 2021+2.7%+0.0%-7.5%
Q2 2021+5.3%+5.0%+12.0%
Q1 2021-0.2%-1.4%+12.1%
Q4 2020+2.5%+1.9%-1.8%
Q3 2020
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Q2 2009
Q2 2008

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