The corporate reporting period has is going.
Last week, 186 companies from the S&P 500 index reported.
Today, we will look at Expand Energy. Its revenue is $2.1B. It grew by +26.6% compared to the corresponding value for the previous quarter, but did not exceed analysts’ expectations by -2.1%. Let’s analyze the company’s business in more detail.
Expand Energy is an independent natural gas producer in the United States. The company is focused on developing large reserves of natural gas, oil and natural gas liquids from wells in North America.
Expand Energy’s revenue increased more than 2 times compared to the same quarter last year. The company drilled 46 new wells during the reporting quarter. The company also plans to invest $2.7B in 2025 in new drilling rigs, which will allow it to produce +4.1% more oil.
65% of the revenue structure is made up of production costs, and 35% is gross profit. Over the past quarter, the company suffered a loss of $249M. And its market capitalization is $24B.
After the publication of the report, Expand Energy’s shares fell by -3.2% to $105 per share. In general, market participants are dissatisfied with the company’s current financial results and reacted negatively to the forecasts for the next quarter.
**growth – % ratio of the amount of revenue for the last 4 quarters compared to this value calculated for the previous quarter
