Expand Energy shares jump on earnings beat, raised production outlook

Investing.com -- Expand Energy Corporation (NASDAQ:EXE) reported third quarter adjusted earnings that exceeded analyst expectations, driving shares up 3.3% in after-hours trading on Tuesday.

The natural gas producer posted adjusted earnings of $0.97 per share for the third quarter of 2025, beating the analyst consensus of $0.96. Revenue came in at $2.96 billion, significantly above the $2.7 billion analysts had estimated. The company reported net production of approximately 7.33 Bcfe/d during the quarter, with natural gas accounting for 92% of total production.

Expand Energy also raised its full-year 2025 production guidance while reducing capital expenditure forecasts. The company increased the midpoint of its production guidance by 50 MMcfe/d to 7.15 Bcfe/d, while simultaneously lowering its capital expenditure guidance by $75 million to $2.85 billion.

"Expand is answering the world’s call for more affordable, reliable, lower carbon energy," said Nick Dell’Osso, Expand Energy’s President and CEO. "We continue to deliver leading capital efficiency in each of our operating areas demonstrating our ability to increase returns on investment across our diverse portfolio."

The company reported it has acquired approximately 82,500 net acres of leasehold across Western Haynesville and Southwest Appalachia in the second half of 2025, expanding its development potential. Additionally, Expand Energy signed a 15-year supply agreement with Lake Charles Methanol, positioning itself as the sole gas supplier with pricing premium to NYMEX.

Expand Energy operated an average of 11 rigs during the quarter, drilling 41 wells and turning 57 wells in line. The company expects to allocate $500 million to net debt reduction during the second half of 2025 and plans to pay its quarterly base dividend of $0.575 per share on December 4.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.