Debt ManagementThe company neared its $500m debt retirement goal by paying down $440mm of debt in the quarter, setting up for imminent returns of capital to shareholders.
EarningsReported adj EBITDA of $1.395B above consensus of $1.3B and Benchmark’s $1.3B estimate.
Financial PerformanceEXE reported positive 1Q25 results exceeding expectations across all key metrics, supported by a lower overall operating cost structure, stronger pricing realizations and lower capex relative to expectations.