Expand Energy Corporation Reports Q4 Results
Expand Energy Corporation has reported a Q4 GAAP loss of $[amount] due to increased natural gas prices, which reached a two-year high. This represents a reversal from the profit reported in the same quarter of the previous year.
Key Financial Metrics
- GAAP loss: $[amount]
- Revenue: $[amount], a 2.7% increase from the same quarter last year
- Adjusted earnings: $[amount], exceeding market expectations
Business Outlook and Plans
The company plans to invest an additional $300 million to enhance gas production. This move aims to capitalize on the current market conditions.
Dividend Payment
Expand Energy Corporation has declared a quarterly dividend payment, consistent with previous distributions. The exact amount of the dividend will be disclosed separately.
Stock Performance
The company’s stock price has declined to a year-to-date low, despite the company’s efforts to boost production and revenue.