Expand Energy EXE Q2 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 28, 2026 astatine 12:05 PM CDT 38 min read

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DATE

Wednesday, July 30, 2025 astatine 9 a.m. ET

CALL PARTICIPANTS

• President & Chief Executive Officer — Domenic J. Dell'Osso

• Executive Vice President & Chief Financial Officer — Mohit Singh

• Executive Vice President & Chief Operating Officer — Joshua J. Viets

• Executive Vice President, Marketing & Commercial — Daniel F. Turco

• Executive Vice President, Corporate Development — Chris Ayres

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Full Conference Call Transcript

Domenic J. Dell'Osso: Good morning, and convey you each for joining our call. When we harvester Chesapeake and Southwestern to make Expand Energy, we did truthful with the volition of creating semipermanent worth done reducing costs and processing a heavy geographically divers portfolio serving premium markets. Our concern continues to present and outperform each anticipation pegged astatine merger onset. We present expect to admit astir a 50% summation to yearly synergies realizing $500 cardinal and $600 cardinal successful 2025 and 2026, respectively. Relative to our expectations astatine the opening of the year, this straight translates to astir $425 cardinal much escaped currency travel successful 2025 and $500 cardinal much successful 2026 earlier accounting for NYMEX terms changes.

Capturing synergies bash not simply hap successful a spreadsheet. We're drilling faster and smarter than ever before. Our team's innovative utilization of AI and instrumentality learning is supporting record-breaking performance, arsenic we drill the astir productive wells successful our corporate company's histories. In Southwest Appalachia, we drilled the longest lateral good and measured extent by a azygous spot successful U.S. onshore history. In Northeast Appalachia, our squad improved its drilled footage per time by 62%. And successful the Haynesville, our squad improved footage drilled per time by 25%. Setting idiosyncratic good records is nice, but delivering existent fiscal results that item these improvements is particularly gratifying and is what creates sustainable value.

These tremendous ratio gains, combined with the palmy implementation of our productive capableness strategy, has allowed america to deed our accumulation and good number targets with less rigs than primitively forecasted. Overall, we've reduced our 2025 superior investments by astir $100 million, portion maintaining accumulation of astir 7.1 Bcfe per time and gathering astir 300 cardinal cubic feet equivalent per time of productive capableness to deploy successful 2026 should marketplace conditions warrant. Simply put, we're spending little portion producing more, the precise explanation of capital-efficient operations. We're encouraged by the semipermanent request outlook for our industry, and we're excited astir the opportunities provided by our diversified portfolio.