Overview

* Expand Energy ( EXE ) Q3 net income at $547 mln

* Expand Energy ( EXE ) upsized credit facility to $3.5 bln, enhancing liquidity

Outlook

* Expand Energy ( EXE ) reduces 2025 capital expenditures guidance by $75 mln to $2.85 bln

* Company raises 2025 production guidance by 50 MMcfe/d to 7.15 Bcfe/d

* Expand Energy ( EXE ) expects $600 mln in annual synergies by end of 2026

Result Drivers

* PRODUCTION INCREASE - Net production reached ~7.33 Bcfe/d

* CAPITAL EFFICIENCY - Reduced full-year capital expenditure guidance by $75 mln

* STRATEGIC ACQUISITIONS - Acquired ~82,500 net acres in Western Haynesville and Southwest Appalachia, enhancing asset base

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $0.97 $0.97

Adjusted (24

EPS Analysts

)

Q3 Net $547 mln

Income

Q3 $2.24

Operatin bln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

* Wall Street's median 12-month price target for Expand Energy Corp ( EXE ) is $132.00, about 21.3% above its October 27 closing price of $103.88

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)