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Expand Energy: Q4 Earnings Snapshot

OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Expand Energy Corporation (EXE) on Tuesday reported fourth-quarter profit of $553 million.

The Oklahoma City-based company said it had profit of $2.30 per share. Earnings, adjusted for non-recurring gains, came to $2 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.

The oil and gas company posted revenue of $3.27 billion in the period. Its adjusted revenue was $2.31 billion, also beating Street forecasts. Six analysts surveyed by Zacks expected $2.25 billion.

For the year, the company reported profit of $1.82 billion, or $7.57 per share. Revenue was reported as $8.48 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXE at https://www.zacks.com/ap/EXE

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