What caused EXE's Q2 2024 earnings to miss forecasts?

The actual EPS for Expand Energy (EXE) in Q2 2024 was $0.01, which was a surprise of +0.01 compared to the forecast. However, the revenue fell short of expectations, with the actual revenue recorded at $505 million, resulting in a surprise of -321.59 million. This indicates that the company's performance was mixed, with a positive EPS surprise but a significant negative revenue surprise, suggesting that cost management or operational efficiency improvements may have contributed to the earnings beat, while revenue shortfalls could be due to market conditions, pricing pressures, or sales volume issues. |code|Ticker|Name|Date|Revenue Surprise|EPS Surprise|market_code| |---|---|---|---|---|---|---| |EXE|EXE.O|Expand Energy|2024 Q3|-6.098E7|0.21|185|