Expand Energy Increased Its Expected Annual Synergy Outlook By $100M To $500M; Expects To Achieve ~$225M In Synergies In 2025 And To Achieve The Full $500M In Annual Synergies By Year End 2027
Portfolio Pulse from Benzinga Newsdesk
Expand Energy has increased its expected annual synergy outlook by $100 million to $500 million, with plans to achieve $225 million in synergies by 2025 and the full $500 million by 2027. The company plans to run 10 to 12 rigs and invest $2.7 billion in 2025, aiming for a daily production of 7 bcfe.
October 29, 2024 | 8:08 pm
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Expand Energy has raised its synergy outlook to $500M, with significant investments planned for 2025, indicating potential growth and increased production capacity.
The increase in synergy outlook and planned investments suggest a positive growth trajectory for Expand Energy. The company's strategy to achieve significant synergies and increase production capacity by 2027 indicates potential for increased revenues and market position.
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