Expand Energy Corporation (EXE) Stephens Annual Investment Conference 2025 November 20, 2025 12:00 PM EST
Company Participants
Josh Viets – Executive VP & COO
Conference Call Participants
Michael Scialla – Stephens Inc., Research Division
Presentation
Michael Scialla
Stephens Inc., Research Division
Great. We’ll get started with the next presenter is Expand Energy, and we have with us Executive Vice President and Chief Operating Officer, Josh Viets. Josh, welcome.
Josh Viets
Executive VP & COO
Thanks, Mike.
Michael Scialla
Stephens Inc., Research Division
Colby Arnold, their IR group here as well. And anybody — Josh said he’s open for questions from the audience, too. So if anybody wants to interrupt, please do with any questions you have.
Question-and-Answer Session
Michael Scialla
Stephens Inc., Research Division
I’m going to start, Josh, you guys have had a pretty good handle on the macro. Obviously, very important for you, natural gas focused company. I want to just get your latest thoughts. We’ve had a little bit of a surprise maybe at least to us for the amount of production that’s come online this year. But nonetheless, gas prices have started to move up. And I want to get your outlook for this upcoming year and then maybe a little bit longer term in the next 3years?
Josh Viets
Executive VP & COO
Yes, sure. I mean, I think we remain pretty constructive on the natural gas macro. There’s, of course, a lot going on. And I think in the near term, I think we’re all very much tied into weather. I think weather and the forecast that we see in the near term has created quite a bit of volatility in the gas markets. If you were to go back to the end of September, we’ve seen about a $0.65 move in the December contract, and that’s largely trading around weather outlooks.
