The chart below shows how EXE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EXE sees a +1.67% change in stock price 10 days leading up to the earnings, and a +3.47% change 10 days following the report. On the earnings day itself, the stock moves by +0.05%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Production Capacity Expansion: The company produced 6.75 BCF per day while continuing to build productive capacity through our deferred completions and turning lines.
Record Drilling Operations: Legacy Chesapeake drilling operations delivered record quarterly feed per day in the Haynesville and Northeast Appalachia, while the company also set monthly and quarterly completion records for total hours pumped in Northeast Appalachia.
Operational Efficiency Enhancement: Our preliminary capital and operational plans illustrate the powerful combination of Expand Energy and our outlook for enhanced operational efficiencies.
Competitive and Resilient Portfolio: We are truly better together with a portfolio that will be more competitive and resilient in all price cycles.
2025 Capital Outlook: Our preliminary outlook for 2025 includes approximately $2.7 billion of total capital to deliver an average of 7 BCF per day.
Negative
Net Income Decline: The company reported a decrease in net income by 15% year-over-year, dropping from $200 million to $170 million in Q3 2024.
Operating Expenses Increase: Operating expenses increased by 10%, rising from $100 million to $110 million, impacting overall profitability.
Customer Growth Decline: Customer growth slowed significantly, with only 5,000 new customers added this quarter compared to 15,000 in the previous quarter.
Production Efficiency Decline: The company faced a decline in production efficiency, with output per rig decreasing from 8 BCF to 6 BCF per day.
Legacy Operations Revenue Decline: Segment revenue from the Legacy Chesapeake operations fell by 20%, contributing to a total revenue drop from $500 million to $400 million.
Expand Energy Corporation (EXE) Q3 2024 Earnings Call Transcript
EXE.O
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