8-K/AExhibits & Filings

EXPAND ENERGY Corp 8-K/A Report, Exhibit Filing (Nov 2, 2018)

Filed November 2, 2018For Securities:EXEEXEELEXEEWEXEEZ

Summary

EXPAND ENERGY Corp (EXE) filed an 8-K on November 2, 2018, primarily to disclose pro forma financial information related to the sale of designated properties. This filing includes unaudited pro forma condensed consolidated financial statements as of September 30, 2018, and for the nine months and full year periods ending September 30, 2018, and December 31, 2017, respectively. These statements are presented to reflect the financial impact of the property sale on the company's historical consolidated financial position and results of operations. While the filing does not detail the specifics of the property sale itself or its financial terms, it provides investors with a crucial look at the company's financial standing and performance *after* accounting for this significant divestiture. Investors should review these pro forma statements to understand the potential future financial profile of EXE, particularly concerning its asset base, debt levels, and profitability, as adjusted for the sale.

Key Highlights

  • 1Filing discloses unaudited pro forma condensed consolidated financial statements.
  • 2Pro forma statements reflect the impact of the sale of Designated Properties.
  • 3Financial data includes balance sheet as of September 30, 2018.
  • 4Includes pro forma statements of operations for the nine months ended September 30, 2018.
  • 5Also includes pro forma statements of operations for the year ended December 31, 2017.
  • 6These are presented to give effect to the sale of the Designated Properties.
  • 7The actual financial terms and details of the property sale are not provided in this 8-K.

Frequently Asked Questions

The main purpose of this 8-K filing is to provide investors with unaudited pro forma condensed consolidated financial statements. These statements are designed to show the financial impact of the sale of EXPAND ENERGY Corp's Designated Properties on the company's historical financial position and results of operations.

The pro forma financial statements cover the unaudited condensed consolidated balance sheet as of September 30, 2018, the unaudited condensed consolidated statements of operations for the nine months ended September 30, 2018, and the unaudited condensed consolidated statements of operations for the year ended December 31, 2017.

No, this filing (Item 9.01) focuses on the *pro forma* financial information reflecting the impact of the sale. It does not provide specific details about the terms of the sale, the buyer, or the exact amount of proceeds received from the divestiture of the Designated Properties.

Investors should use this pro forma information to understand the company's financial health and performance as if the sale of the Designated Properties had already occurred. This allows for a clearer view of the post-divestiture financial landscape, enabling better assessment of the company's operational efficiency and financial structure going forward.