Commodity Price RisksInvestment risks include changes to commodity prices and/or commodity price forecasts, changes to service and labor costs or availability, and the ability to replace existing development inventory at reasonable prices.
Pricing And EarningsEBITDAX was slightly below street expectations due to realized pricing being lower than estimates.
Share RepurchaseExpand repurchased only $1 million in shares in the third quarter 2025 versus last quarter’s $99 million.