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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.
Chesapeake
Chesapeake
Chesapeake Revenue by Segment
Revenue by Segment
Natural Gas, Oil and NGL Revenue
CapyFin.comMarketing Revenue
CapyFin.com 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.
- Debt management remains a focus, with $5.7 billion total debt outstanding.
- Regulatory uncertainties and energy transition policies may affect future operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income