Earnings To Watch: Expand Energy (EXE) Reports Q2 Results Tomorrow
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Natural gas producer Expand Energy (NASDAQ:EXE) will be reporting earnings this Tuesday after the bell. Here's what investors should know. Expand Energy beat analysts' revenue expectations last quarter, reporting revenues of $4.53 billion, up 41% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts' EBITDA estimates and a beat of analysts' EPS estimates. It reported year-on-year oil production per day growth of 7.1%. Is Expand Energy a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Expand Energy's revenue to decline 30.9% year on year, a reversal from the 446% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Expand Energy rarely misses Wall Street's revenue estimates. Looking at Expand Energy's peers in the upstream & integrated segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Kinder Morgan delivered year-on-year revenue growth of 10.8%, beating analysts' expectations by 5.8%, and World Kinect reported revenues up 50.3%, topping estimates by 27.7%. Kinder Morgan's stock price was unchanged after the resultswhile World...
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