---
schema_version: "secwatch.filing_event.v1"
accession: "0000895126-24-000010"
form_type: "8-K"
ticker: "EXE"
cik: "0000895126"
company_name: "EXPAND ENERGY Corp"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:40:51.358921+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Chesapeake Energy Q4 net income $569M; lowers 2024 capex 20% to $1.25-1.35B

## Summary
- Q4 net income $569M ($4.02 diluted EPS); adjusted net income $185M ($1.31).
- Full-year 2023 operating cash flow $2.4B; returned $840M to shareholders via dividends and buybacks.
- 2024 production guide 2.65-2.75 bcfe/d (down from 3.66 bcfe/d in 2023); dropping rigs and frac crews.
- Closed Eagle Ford divestitures with total proceeds >$3.5B; Southwestern Energy merger targeted Q2 2024.
- Signed first LNG SPAs with Delfin LNG and Gunvor for 0.5 mtpa at JKM-linked price starting 2028.

## SEC filing metadata
- accession: 0000895126-24-000010
- form_type: 8-K
- ticker: EXE
- cik: 0000895126
- company_name: EXPAND ENERGY Corp
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895126/000089512624000010/0000895126-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895126/000089512624000010/chk-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000895126-24-000010
- JSON: https://secwatch.observer/filing/0000895126-24-000010.json
- Plain text: https://secwatch.observer/filing/0000895126-24-000010.txt

## Key facts
- Earnings Releases
  EXPAND ENERGY Corp reported fourth quarter and full year 2023 results: net income Net income totaled $569 million, or $4.02 per fully diluted share; adjusted net income (1) totaled $185 million, or $1.3, EPS $4.02 per fully diluted share. Guidance lowered.
  - Period: fourth quarter and full year 2023
  - Net income: Net income totaled $569 million, or $4.02 per fully diluted share; adjusted net income (1) totaled $185 million, or $1.3
  - EPS: $4.02 per fully diluted share
  - Guidance: lowered
  - Result: reported results
  source text: Chesapeake Energy Corporation (NASDAQ:CHK) today reported fourth quarter and full-year 2023 results and issued 2024 guidance.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895126/000089512624000010/0000895126-24-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.