EXE Latest Report

Financial Performance

Expand Energy's total operating revenue was US$2.001 billion as of December 31, 2024, up 2.71% from US$1.948 billion in 2023. Despite the growth in total operating revenue, its underlying financial situation reveals significant problems in the company's profitability and cost control.

Key Financial Data

1. Expand Energy's total operating revenue growth of 2.71% is relatively small, indicating challenges in revenue growth.

2. Sales costs have significantly increased from US$289 million in 2023 to US$733 million in 2024, leading to a decrease in gross profit and affecting the company's profitability.

3. Marketing, sales, and general and administrative expenses have significantly increased from US$925 million in 2023 to US$1.354 billion, further compressing profit margins.

4. Special expenses in 2024 have increased, affecting the company's pre-tax profit and net profit.

Industry Comparison

1. Industry-wide analysis: The overall revenue growth of Expand Energy's industry is affected by macroeconomic conditions and changes in industry policies, and other companies in the industry face similar cost increases and market competition pressures, which may lead to weak overall revenue growth.

2. Peer evaluation analysis: Compared with companies in the same industry, Expand Energy's total operating revenue growth (2.71%) is at a low level, which may indicate its lack of competitiveness in the market. If other companies can achieve higher revenue growth, it may lead to a further decline in EXE's market share.

Summary

Expand Energy's operating revenue grew slightly in 2024, but its profitability was significantly affected by the increase in sales costs and management expenses. Changes in market demand and increased industry competition also put pressure on the company's financial performance. Although the company has made progress in technological innovation, it still needs to further enhance its market share and overall competitiveness.

Opportunities

1. The company may bring new growth opportunities in the rapidly growing market demand for photovoltaic and energy storage, especially in the Asia-Pacific, African, and Latin American markets.

2. More than 30 new products and solutions launched in 2024 may enhance the company's market competitiveness.

3. With the rapid growth of European commercial and industrial energy storage and grid-side energy storage demand, Expand Energy's market expansion in this field may bring more revenue.

Risks

1. Intensified competition in the industry may lead to a decline in Expand Energy's market share.

2. The rise in raw materials and gas prices continues to squeeze profit margins.

3. The increase in special expenses affects pre-tax profit and net profit, which may lead to further deterioration of the company's financial situation.