Expand Energy Announces New $1B Share Repurchase Authorization
Expand Energy Announces New $1B Share Repurchase Authorization
In conjunction with the enhanced framework, Expand Energy's Board of Directors approved a $1 billion repurchase authorization.Shareholder Returns Update
股東回報更新
Expand Energy plans to pay its quarterly base dividend of $0.575 per share on December 4, 2024 to shareholders of record at the close of business on November 14, 2024.
Expand Energy計劃於2024年12月4日向股東支付每股0.575美元的季度基本股息，股權登記截止日期爲2024年11月14日收盤。
The company announced today its enhanced capital return framework which is designed to more effectively return cash to shareholders and reduce net debt. The plan is expected to go into effect January 1, 2025, and prioritizes the base dividend of $2.30 per share and $500 million of annual net debt reduction. Once both have been funded, it is anticipated that 75% of remaining free cash flow be distributed as market conditions warrant, between share repurchases and additional dividend payments. The remaining free cash flow would be maintained on the balance sheet.
公司今天宣佈了增強資本回報框架，旨在更有效地向股東返現並減少淨債務。該計劃預計將於2025年1月1日生效，並優先考慮每股2.30美元的基本股息以及50000萬美元的年度淨債務減少。一旦這兩項資金到位，預計剩餘的75%自由現金流將根據市場情況分配，分別用於股份回購和額外股息支付。剩餘自由現金流將保留在資產負債表上。
In conjunction with the enhanced framework, Expand Energy's Board of Directors approved a $1 billion repurchase authorization.
與加強框架相配合，Expand Energy的董事會已批准了10億美元的回購授權。
譯文內容由第三人軟體翻譯。
