HighGravityDataExpand Energy — Jul 29, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000895126-25-000083
Showing in the filing
Year-end 2025 exit rate production
“approximately 7.2 Bcfe/d”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 23
Total capital expenditures for FY2025
“~$2.9 billion”
Annual synergy outlook for FY2026
“$600 million”
Incremental free cash flow for FY2025
“~$425 million”
Net debt paydown for FY2025
“$1.0 billion”
Free cash flow growth vs. original expectati… for FY2025
“approximately 30% more”
Free cash flow growth vs. original expectati… for FY2026
“approximately 20% more”
Annual synergies for FY2025
“approximately $500 million”
Annual synergies for FY2026
“$600 million”
Rig count for FY2025
“approximately 11 rigs”
Capital expenditures for FY2025
“approximately $2.6 billion”
Capital investment for FY2025
“approximately $2.6 billion”
Estimated daily production for FY2025
“approximately 7.1 Bcfe/d”
Incremental productive capacity capital for FY2025
“an additional $275 million”
Incremental capital investment for FY2025
“$275 million”
Year-end 2025 exit rate production for FY2025
“approximately 7.2 Bcfe/d”
Average production for FY2026
“approximately 7.5 Bcfe/d”
Shareholder returns for Q2 FY2026
“$448 million”
Quarterly base dividend for Q2 FY2026
“$137 million”
Variable dividend for Q2 FY2026
“$211 million”
Share repurchases for Q2 FY2026
“$100 million”
Variable dividend payable per common share for FY2025
“$ 0.89”
Base dividend payable per common share for FY2025
“$ 0.575”
Total dividend payable per common share for FY2025
“$ 1.465”
Exhibit 99.1 · the passage around this item
… earlier in the release
The Company intends to build incremental productive capacity for an additional $275 million by exiting 2025 with approximately 12 rigs. Should market conditions warrant, this incremental capital investment positions the Company to efficiently grow production from a year-end 2025 exit rate of approximately 7.2 Bcfe/d to average approximately 7.5 Bcfe/d in 2026. A detailed breakdown of 2025 annual synergy, capital, and operating outlook can be found in supplemental slides which have been posted at https://investors.expandenergy.com/events-presentations. Shareholder Returns Update Expand Energy is increasing its net debt paydown from $500 million to $1 billion to further strengthen its balance sheet and to create more balance sheet capacity at cycle lows. For the second quarter, the Company will return $448 million to shareholders in the form of a quarterly base dividend ($137 million), variable dividend ($211 million), and share repurchases ($100 million). The Company plans to pay its base and variable dividend on September 4, 2025 to shareholders of record at the close of business on August 14, 2025. 2 Conference Call Information A conference call to discuss Expand Energy's second quarter 2025 financial and operating results and 2025 outlook has been scheduled for 9 a.m. EDT on July 30, 2025. Participants can access the live webcast at https://edge.media-server.com/mmc/p/qx2h4vdx/. Participants who would like to ask a question, can register at https://register-conf.media-server.com/register/BI
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.