Past year: ▼ 15%(84.09 – 121.93 USD)
Each one in plain English, with the numbers worked through for a shareholder.
5 Apr 2024merger communication● Neutral
CEO Nick Dell'Osso emailed employees that the FTC's second request for more information was common for deals of this size and profile. He said Chesapeake now expected the Southwestern merger to close in the second half of 2024.
5 Apr 2024business combination▼ Bad
Chesapeake's formal 8-K disclosed the FTC's second request and the revised second-half 2024 closing timeline for the Southwestern Energy merger.
5 Apr 2024merger communication▼ BadMajor
The FTC issued a "second request" for more information on the Southwestern Energy merger, extending the antitrust review and pushing the expected closing from mid-2024 into the second half of the year.
19 Mar 2024director interest notice● Neutral
EXPAND ENERGY Corp EVP & COO Joshua J. Viets acquired 33,455 shares and disposed of 2,109 in a set of related equity transactions.
19 Mar 2024director interest notice● Neutral
EXPAND ENERGY Corp director Michael Wichterich had 658 shares withheld for taxes on vesting stock.
19 Mar 2024director interest notice● Neutral
EXPAND ENERGY Corp President and CEO Domenic J Dell'osso Jr. acquired 67,879 shares and disposed of 4,799 in a set of related equity transactions.
19 Mar 2024director interest notice● Neutral
EXPAND ENERGY Corp EVP & CFO Mohit Singh acquired 29,588 shares and disposed of 2,026 in a set of related equity transactions.
19 Mar 2024director interest notice● Neutral
EXPAND ENERGY Corp VP-Accounting & Controller Gregory M. Larson acquired 3,057 shares and disposed of 239 in a set of related equity transactions.
19 Mar 2024director interest notice● Neutral
EXPAND ENERGY Corp EVP-General Counsel Benjamin Russ acquired 15,352 shares and disposed of 679 in a set of related equity transactions.
4 Mar 2024director interest notice● Neutral
EXPAND ENERGY Corp director Michael Wichterich had 2,025 shares withheld for taxes on vesting stock.
29 Feb 2024director interest notice● Neutral
EXPAND ENERGY Corp EVP & COO Joshua J. Viets had 1,633 shares withheld for taxes on vesting stock.
29 Feb 2024business combination● NeutralMajor
Registration statement and joint proxy for Chesapeake's all-stock merger with Southwestern Energy, the deal that produced the largest US gas producer: 0.0867 Chesapeake shares per Southwestern share, about $6.69 a share and roughly $7.4 billion in total at the January 10, 2024 announcement. Neither side's holders get appraisal rights, and Chesapeake owes Southwestern a $389 million break fee in the circumstances the agreement specifies.
22 Feb 2024merger communication▲ Good
On its Q4 2023 call Chesapeake said it was cutting 2024 capital by nearly 20% and production by about 15%, dropping two rigs and two frac crews and limiting turn-in-lines because gas was oversupplied. It also cited a 17% Marcellus well-cost improvement and noted the Southwestern merger announcement.
14 Feb 2024substantial holder notice● Neutral
T. Rowe Price Investment Management, Inc disclosed a new substantial EXPAND ENERGY Corp shareholding (6.70% of votes).
14 Feb 2024substantial holder notice● Neutral
OCM XI CHK Holdings, LLC, OCM Xb CHK Holdings, LLC, Oaktree Capital Group, LLC, Oaktree Capital Group Holdings GP, LLC, Brookfield Corporation, BAM Partners Trust reported a EXPAND ENERGY Corp shareholding of 7,000,067 shares (5.34% of votes) in a periodic institutional filing.
13 Feb 2024substantial holder notice● Neutral
The Vanguard Group reported a EXPAND ENERGY Corp shareholding of 12,673,082 shares (9.67% of votes) in a periodic institutional filing.
9 Feb 2024substantial holder notice● Neutral
Capital World Investors filed an amended Schedule 13G showing it held 3,311,875 Chesapeake shares (2.5%) at 29 December 2023, meaning it had ceased to be a holder of more than 5%.
25 Jan 2024substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial EXPAND ENERGY Corp shareholding (8.60% of votes).
11 Jan 2024merger communication● Neutral
A refiled version of the Southwestern Energy merger investor presentation, covering the same synergy and production highlights.
11 Jan 2024merger communication▲ GoodMajor
Chesapeake and Southwestern's joint press release detailed the merger's $7.4 billion equity value, expected synergies, and plan to build an investment-grade balance sheet as a combined company.
11 Jan 2024merger communication▲ Good
An internal message framed the Southwestern Energy deal as "transformational," emphasizing accretion to per-share metrics and progress toward an investment-grade credit rating.
11 Jan 2024merger communication● Neutral
Chesapeake and Southwestern executives held a joint call with analysts to discuss the newly announced merger.
11 Jan 2024business combination▲ Good
Chesapeake's Reg FD disclosure carried the same joint press release announcing the Southwestern Energy merger.
11 Jan 2024merger communication▲ GoodMajor
Chesapeake agreed to merge with Southwestern Energy in an all-stock deal valued at about $24 billion in combined enterprise value (0.0867 Chesapeake shares per Southwestern share), creating the largest natural gas producer in the US by combining their Appalachia and Haynesville positions; Chesapeake shareholders will own about 60% of the combined company, which will take a new name with Nick Dell'Osso as CEO.
11 Jan 2024merger communication▲ Good
Chesapeake published an investor presentation on January 11, 2024 about its proposed merger with Southwestern Energy. It set out terms including a stock-for-stock exchange of 0.0867 CHK shares per Southwestern share and roughly 60%/40% pro forma ownership.
11 Jan 2024business combination▲ GoodMajor
Chesapeake's 8-K disclosed its January 10, 2024 merger agreement with Southwestern Energy at 0.0867 Chesapeake shares per Southwestern share. It also set out how Southwestern's equity awards would be treated and the closing conditions.
11 Jan 2024merger communication▲ GoodMajor
Chesapeake's investor presentation on the Southwestern Energy merger detailed roughly $400 million in expected annual synergies, combined production of 7.9 Bcfe/d, and plans to build a Houston-based global gas marketing and trading business.
11 Jan 2024merger communication▲ Good
A joint memo from Chesapeake's and Southwestern's CEOs told both companies' employees about the merger, confirming the combined company would be headquartered in Oklahoma City with a material presence in Houston.
2 Jan 2024director interest notice● Neutral
EXPAND ENERGY Corp EVP & CFO Mohit Singh had 2,066 shares withheld for taxes on vesting stock.
31 Oct 2023quarterly activities report● Neutral
EXPAND ENERGY Corp reported quarterly revenue of $1512.0 million and net income of $70.0 million for the period ended 2023-09-30.
