Chesapeake Energy and Southwestern Energy Complete Merger and Provide Third Quarter Earnings Conference Call Information, Company Rebranded as Expand Energy
2024年10月1日 - 9:10PM
Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy
Company (NYSE: SWN) today closed on their previously announced
combination. The combined company has been rebranded as Expand
Energy Corporation. Expand Energy’s common stock will commence
public trading on the NASDAQ under the ticker “EXE” at the open of
trading on October 2, 2024, and will continue to trade today under
the symbol “CHK”.
“As America’s largest natural gas producer and a
top producer globally, Expand Energy is built to disrupt the
industry’s traditional cost and market delivery model,” said Nick
Dell’Osso, Expand Energy’s President and Chief Executive Officer.
“Behind our advantaged portfolio, peer-leading returns program and
resilient financial foundation, we are poised to capture the
significant synergies provided by this powerful combination. We
will expand opportunity for shareholders and consumers alike by
enhancing margins and reaching more markets, reducing the overall
cost of energy. The world needs more energy, and our team is
committed to sustainably delivering it to consumers.”
In connection with its rebranding, Expand Energy
launched a new website, which can be found at
www.expandenergy.com.
The company will release its 2024 third quarter
operational and financial results as well as provide certain
preliminary information regarding its 2025 capital and operational
plan after market close on October 29, 2024. A conference call to
discuss the results and preliminary 2025 plan has been scheduled
for October 30, 2024 at 9:00 a.m. EDT. Participants can view the
live webcast here. Participants who would like to ask a question,
can register here, and will receive the dial-in info and a unique
PIN to join the call. Links to the conference call will be provided
on Expand Energy’s website. A replay will be available on the
website following the call.
About Expand EnergyExpand
Energy Corporation (NASDAQ: EXE) is the largest independent natural
gas producer in the United States, powered by dedicated and
innovative employees focused on disrupting the industry’s
traditional cost and market delivery model to responsibly develop
assets in the nation’s most prolific natural gas basins. Expand
Energy’s returns-driven strategy strives to create sustainable
value for its stakeholders by leveraging its scale, financial
strength and operational execution. Expand Energy is committed to
expanding America’s energy reach to fuel a more affordable,
reliable, lower carbon future.
Forward-Looking StatementsThis
press release contains “forward-looking statements” within the
meaning of the federal securities laws. Forward-looking statements
may be identified by words such as “anticipates,” “believes,”
“cause,” “continue,” “could,” “depend,” “develop,” “estimates,”
“expects,” “forecasts,” “goal,” “guidance,” “have,” “impact,”
“implement,” “increase,” “intends,” “lead,” “maintain,” “may,”
“might,” “plans,” “potential,” “possible,” “projected,” “reduce,”
“remain,” “result,” “scheduled,” “seek,” “should,” “will,” “would”
and other similar words or expressions. The absence of such words
or expressions does not necessarily mean the statements are not
forward-looking. Forward-looking statements are not statements of
historical fact and reflect the current views of Expand Energy.
These forward-looking statements include, but are not limited to,
Expand Energy’s operations, strategies and plans, synergies and
anticipated future performance. Although we believe our
forward-looking statements are reasonable, statements made
regarding future results are not guarantees of future performance
and are subject to numerous assumptions, uncertainties and risks
that are difficult to predict. Forward-looking statements are based
on current expectations, estimates and assumptions that involve a
number of risks and uncertainties that could cause actual results
to differ materially from those projected.
Actual outcomes and results may differ
materially from the results stated or implied in the
forward-looking statements included in this press release due to a
number of factors, including, but not limited to: the risk that the
business combination could have an adverse effect on the ability of
Expand Energy to retain and hire key personnel, on the ability of
Expand Energy to attract third-party customers and maintain its
relationships with derivatives counterparties and on Expand
Energy’s operating results and businesses generally; the risk that
problems may arise in successfully integrating the businesses of
the companies, which may result in Expand Energy not operating as
effectively and efficiently as expected; the risk of any unexpected
costs or expenses resulting from the business combination; the
outcome of existing litigation and the risk of any further
litigation relating to the business combination; the risk that
Expand Energy may be unable to achieve synergies or other
anticipated benefits of the business combination or it may take
longer than expected to achieve those synergies or benefits and
other important factors that could cause actual results to differ
materially from those projected; the volatility in commodity prices
for crude oil and natural gas, the presence or recoverability of
estimated reserves; the ability to replace reserves; environmental
risks, drilling and operating risks, including the potential
liability for remedial actions or assessments under existing or
future environmental regulations and litigation; exploration and
development risks; the effect of future regulatory or legislative
actions on Expand Energy or the industry in which it operates,
including the risk of new restrictions with respect to oil and
natural gas development activities; the risk that the credit
ratings of Expand Energy may be different from what Expand Energy
expects; the ability of management to execute its plans to meet its
goals and other risks inherent in Expand Energy’s business; public
health crises, such as pandemics and epidemics, and any related
government policies and actions; the potential disruption or
interruption of Expand Energy’s operations due to war, accidents,
political events, civil unrest, severe weather, cyber threats,
terrorist acts, or other natural or human causes beyond Expand
Energy’s control; and Expand Energy’s ability to identify and
mitigate the risks and hazards inherent in operating in the global
energy industry. Other unpredictable or unknown factors not
discussed in this press release could also have material adverse
effects on forward-looking statements. Such factors are difficult
to predict and may be beyond the control of Chesapeake Energy
Corporation (“Chesapeake”), Southwestern Energy Company
(“Southwestern”) and Expand Energy, and may also include other
risks and uncertainties including those detailed in Chesapeake’s
annual reports on Form 10-K, quarterly reports on Form 10-Q and
current reports on Form 8-K that are available on Expand Energy’s
website at http://investors.expandenergy.com/ and on the SEC’s
website at http://www.sec.gov, and those detailed in Southwestern’s
annual reports on Form 10-K, quarterly reports on Form 10-Q and
current reports on Form 8-K that are available on the SEC’s website
at http://www.sec.gov. Forward-looking statements are based on the
estimates and opinions of management at the time the statements are
made. Expand Energy undertakes no obligation to publicly correct or
update the forward-looking statements in this press release, in
other documents, or on their respective websites to reflect new
information, future events or otherwise, except as required by
applicable law. All such statements are expressly qualified by this
cautionary statement. Readers are cautioned not to place undue
reliance on these forward-looking statements that speak only as of
the date hereof.
INVESTOR CONTACT: |
MEDIA CONTACT: |
EXPAND ENERGY CORPORATION |
Chris Ayres(405)
935-8870ir@expandenergy.com |
Brooke Coe(405)
935-8878media@expandenergy.com |
6100 North Western AvenueP.O.
Box 18496Oklahoma City, OK 73154 |
Southwestern Energy (NYSE:SWN)
過去 株価チャート
から 10 2024 まで 11 2024
Southwestern Energy (NYSE:SWN)
過去 株価チャート
から 11 2023 まで 11 2024