Q: Can you comment on their recent earnings announcement. Thanks.
5i Research Answer:
EPS of $1.09 missed estimates of $1.23 and revenues of $1.62B met expectations. Profits fell sharply against last year, as natural gas prices weakened, and production rose 9% year-over-year. It raised its dividend by 43% and announced a special dividend of $0.35. Free cash flow was strong at $3.2B, and its 2025 forecasted free cash flow increased from its previous guidance of $1.1B. The company is preparing for potential structural buybacks around 2027, and it also plans to drill up to 365 net wells in 2025. The stock has held up fairly well given the broad decline in the markets and the energy sector.