EXPAND ENERGY CORPORATION C/WTS 09/02/2026 (TO PUR COM) CLASS A | 10-Q: FY2025 Q1 Revenue: USD 2.196 B
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q1, the actual value is USD 2.196 B.
EPS: As of FY2025 Q1, the actual value is USD -1.06.
EBIT: As of FY2025 Q1, the actual value is USD -319 M.
Segment Revenue
- Natural Gas, Oil and NGL Revenue: Total revenue for the three months ended March 31, 2025 was $2,300 million, compared to $589 million for the same period in 2024.
Operational Metrics
- Net Income (Loss): The net loss for the three months ended March 31, 2025 was - $249 million, compared to a net income of $26 million for the same period in 2024.
- Operating Expenses: Total operating expenses for the three months ended March 31, 2025 were $2,464 million, compared to $1,049 million for the same period in 2024.
- Depreciation, Depletion and Amortization: $711 million for the three months ended March 31, 2025, compared to $399 million for the same period in 2024.
Cash Flow
- Operating Cash Flow: Net cash provided by operating activities was $1,096 million for the three months ended March 31, 2025, compared to $552 million for the same period in 2024.
- Free Cash Flow: Not explicitly stated, but cash paid for common stock dividends was $142 million, and cash paid to purchase debt was $436 million during the three months ended March 31, 2025.
Unique Metrics
- Derivative Losses: Total losses on natural gas, oil, and NGL derivatives were - $1,014 million for the three months ended March 31, 2025, compared to gains of $172 million for the same period in 2024.
Future Outlook and Strategy
- Core Business Focus: Expand Energy aims to achieve net zero (Scope 1 and 2) greenhouse gas emissions by 2035 and maintain 100% responsibly sourced gas certification across its portfolio.
- Non-Core Business: The company plans to invest in projects designed to reduce the environmental impact of its production activities and has established a joint venture with Momentum Sustainable Ventures LLC for a natural gas gathering pipeline and carbon capture project.
- Priority: The company has announced an enhanced capital returns framework prioritizing a base dividend of $2.30 per share and a targeted $500 million of annual net debt reduction in 2025.