SPRING, Texas (AP) 鈥� SPRING, Texas (AP) 鈥� Expand Energy Corporation (EXE) on Tuesday reported second-quarter profit of $522 million.
The Spring, Texas-based company said it had net income of $2.19 per share. Earnings, adjusted for non-recurring gains, came to $1.33 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The oil and gas company posted revenue of $2.96 billion in the period. Its adjusted revenue was $1.83 billion, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $2.03 billion.
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