Expand Energy Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

October 31, 2024

Expand Energy (NASDAQ:EXE) Third Quarter 2024 Results

Key Financial Results

Revenue: US$648.0m (down 54% from 3Q 2023).
Net loss: US$114.0m (down by 263% from US$70.0m profit in 3Q 2023).
US$852 loss per share (down from US$0.53 profit in 3Q 2023).

earnings-and-revenue-growth — NasdaqGS:EXE Earnings and Revenue Growth October 31st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Expand Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 65% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are up 6.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Expand Energy (of which 2 are a bit unpleasant!) you should know about.

Valuation is complex, but we're here to simplify it.

Discover if Expand Energy might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.