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Dec 31, 2024
Chesapeake Q4 2024 Earnings Report
Expand Energy reported a net loss in Q4 2024 despite strong production growth and improved revenue.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
Expand Energy expects to increase production and improve financial performance in 2025 while managing capital expenditures efficiently.
Positive Outlook
- 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.
Challenges Ahead
- 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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