Chesapeake, Southwestern Complete $7.4 Billion Merger, Rebrand as Expand Energy
(P&GJ) — Chesapeake Energy Corporation and Southwestern Energy Company have officially completed their merger, forming a newly rebranded entity, Expand Energy Corp. Expand Energy has began trading on the NASDAQ under the ticker symbol "EXE".
Nick Dell’Osso, president and CEO of Expand Energy, said the merger positions the company as the largest natural gas producer in the U.S. and a global leader.
"We are built to disrupt the industry’s traditional cost and market delivery model," Dell'Osso stated. "With our strong portfolio, peer-leading returns, and financial foundation, we’re ready to capture synergies, expand opportunities, and reduce the cost of energy for consumers."
The company plans to release its third-quarter financial results and provide a preliminary 2025 outlook after market close on October 29, 2024. A conference call to discuss these results is scheduled for October 30, 2024, at 9:00 a.m. EDT. Participants can access the webcast and registration details via the company's website, where a replay will also be available.
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