earnings
confidence high
sentiment neutral
materiality 0.70
Chesapeake Energy Q3 net income $70M, adjusted $155M; production 3,495 mmcfe/d; Vitol LNG HOA
EXPAND ENERGY Corp
2023-Q3 EPS reported
$12.90
revenue$6,773,000,000
- Net cash from operations $506M; net income $70M ($0.49 diluted EPS); adjusted net income $155M ($1.09/share).
- Total net production 3,495 mmcfe per day (97% gas); adjusted EBITDAX $580M.
- Returned >$200M to shareholders via dividend and buybacks; quarterly dividend $0.575/share payable Dec 2023.
- Entered HOA with Vitol to supply gas for up to 1 mtpa LNG indexed to JKM for 15 years starting 2028.
- S&P upgraded outlook to positive watch; $713M cash on hand; $600M remaining under $2B buyback authorization.