Expand Energy Q1 Earnings Beat Estimates, Revenues Increase YoY

Expand Energy Corporation EXE reported first-quarter 2025 adjusted earnings per share of $2.02, which beat the Zacks Consensus Estimate of $1.85. The company’s bottom line also outperformed the year-ago adjusted profit of 56 cents, fueled by strong production and higher sales price realization.Expand Energy’s ‘natural gas, oil and NGL’ revenues of $2.3 billion beat the Zacks Consensus Estimate of $2.2 billion and was significantly higher than the year-ago figure of $589 million.Expand Energy Corporation Price, Consensus and EPS Surprise Expand Energy Corporation price-consensus-eps-surprise-chart | Expand Energy Corporation QuoteEXE’s Production & Price RealizationsThe company reported the average first-quarter daily production (comprising 92% natural gas) of 6,788 million cubic feet of gas equivalent (MMcfe/day), which jumped 112% from the year-ago level of 3,198 MMcfe/day. The daily production levels also surpassed the Zacks Consensus Estimate of 6,774 MMcfe/day. Natural gas volume for the period came in at 6,254 MMcf/day, up 95.6% year over year. The consensus mark called for 6,212 MMcf/day of natural gas. EXE’s oil production was 14 thousand barrels per day (MBbl/d), while NGL output totaled 75 MBbl/d.The average sales price for natural gas during the first quarter was $3.58 per Mcf, up 76% from the prior-year realization of $2.03 per Mcf and also above the consensus mark of $3.36. The average realized oil price was $63.40 per barrel compared with the consensus mark of $61. Meanwhile, the average realized NGL price was $30.54 per barrel, compared favorably with the Zacks Consensus Estimate of$27.48.(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)EXE’s Costs & ExpensesTotal operating expenses in the quarter rose to $2.5 billion from the year-ago quarter’s $1 billion. This was mainly due to an increase in gathering, processing and transportation costs, which were up nearly threefold year over year to $563 million. The company’s marketing cost also rose significantly by 184% from the year-ago level to $919 million. Furthermore, Expand Energy’s depreciation outlay increased by 78% from the first quarter of 2024.Financial PositionCash flow from operations almost doubled from the prior-year quarter to $1.1 billion, while Expand Energy’s capital expenditure totaled $563 million, leading to a free cash flow of $533 million. It also paid out $142 million in dividends during the period.As of March 31, 2025, the company had $349 million in cash and cash equivalents. Expand Energy had a long-term debt of $5.2 billion, reflecting a debt-to-capitalization of 23.4%.Expand Energy’s Guidance for Q2 & 2025Expand Energy is targeting an average daily production in the range of 7,100-7,200 MMcfe for the second quarter and 7,000-7,200 MMcfe for full-year 2025. The company has budgeted its capital spending between $725 million and $800 million for the upcoming quarter, while for 2025, the figure is between $2.9 billion and $3.1 billion.Expand Energy currently flaunts a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.Important Earnings at a GlanceWhile we have discussed EXE’s first-quarter results in detail, let us take a look at three other key reports.Oil and gas equipment and services provider TechnipFMC plc FTI reported first-quarter 2025 adjusted earnings of 33 cents per share, which missed the Zacks Consensus Estimate of 36 cents, primarily due to a 4.8% year-over-year increase in costs and expenses. However, the bottom line increased from the year-ago quarter’s reported profit of 22 cents, driven by improved performance in the Subsea segment.The company’s revenues of $2.2 billion missed the Zacks Consensus Estimate by 1.1%. However, the top line increased from the year-ago quarter’s reported figure of $2 billion.As of March 31, FTI had cash and cash equivalents worth $1.2 billion and long-term debt of $410.8 million, with a debt-to-capitalization of 11.8%.Another oil and gas equipment and services provider, Core Laboratories Inc. CLB, reported first-quarter 2025 adjusted earnings of 8 cents per share, which missed the Zacks Consensus Estimate of 15 cents. The bottom line also underperformed the year-ago quarter’s reported figure of 13 cents. This can be attributed to the underperformance of the Reservoir Description segment.The company reported operating revenues of $124 million, in line with the Zacks Consensus Estimate. However, the top line decreased 4.6% from the year-ago quarter’s $130 million. This can be attributed to the recent imposition of sanctions and operational inefficiencies.As of March 31, 2025, the company had cash and cash equivalents of $22.1 million and long-term debt of $124.4 million. CLB’s debt-to-capitalization was 32.4%.Houston, TX-based oil and gas equipment and services provider Baker Hughes BKR reported first-quarter 2025 adjusted earnings of 51 cents per share, which beat the Zacks Consensus Estimate of 47 cents. The bottom line also improved from the year-ago level of 43 cents.As of March 31, 2025, Baker had cash and cash equivalents of $3,277 million. Baker had a long-term debt of $5,969 million at the end of the reported quarter, with a debt-to-capitalization of 25.9%.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Core Laboratories Inc. (CLB): Free Stock Analysis Report TechnipFMC plc (FTI): Free Stock Analysis Report Baker Hughes Company (BKR): Free Stock Analysis Report Expand Energy Corporation (EXE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks