Natgas Producer Expand Energy Beats Second-Quarter Profit Estimates

(Reuters) – U.S. natural gas producer Expand Energy beat Wall Street estimates for second-quarter profit on Tuesday, helped by higher output. U.S. producers are benefiting from surging electricity demand for natural gas to power data centers as well as rising liquefied natural gas exports. The company’s production averaged 6.9 billion cubic feet per day (Bcfepd) … Read more