Expand Energy (EXE)

Nasdaq Energy Oil & Gas Exploration & Production S&P 500

$84.60

-0.74 (-0.87%)

Close of Nov 06, 2026 · end-of-day data

Source: Expand Energy's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2022	FY2023	FY2024	FY2025
Revenue	$12.76B	$8.71B	$10.04B	$10.03B	$8.53B	$5.24B	$11.74B	$8.72B	$4.24B	$12.12B
Operating income	-$18.92B	-$3.26B	-$138.00M	$382.00M	-$31.00M	-$8.70B	$3.78B	$3.14B	-$803.00M	$2.47B
Interest expense	$317.00M	$528.00M	$601.00M	$633.00M	$651.00M	$331.00M	$160.00M	$104.00M	$123.00M	$235.00M
Pre-tax income	-$19.10B	-$3.68B	-$500.00M	$218.00M	-$639.00M	-$9.77B	$3.65B	$3.12B	-$841.00M	$2.28B
Income tax	-$4.46B	-$190.00M	$2.00M	-$10.00M	-$331.00M	-$19.00M	-$1.28B	$698.00M	-$127.00M	$463.00M
Net income	-$14.57B	-$3.49B	-$505.00M	$226.00M	-$308.00M	-$9.73B	$4.94B	$2.42B	-$714.00M	$1.82B
EBITDA	-$16.69B	-$1.56B	$1.56B	$2.12B	$2.23B	-$7.61B	$5.53B	$4.67B	$926.00M	$5.45B
EPS (basic)	$-22.26	$-5.26	$-139.32	$29.26	$-49.97	$-998.26	$38.71	$18.21	$-4.55	$7.67
EPS (diluted)	$-22.26	$-5.26	$-139.32	$29.26	$-49.97	$-998.26	$33.36	$16.92	$-4.55	$7.57
Diluted shares	662.00M	764.00M	4.53M	4.55M	8.32M	9.77M	145.96M	142.98M	156.99M	240.37M
Operating margin	-148.2%	-37.4%	-1.4%	3.8%	-0.4%	-166.1%	32.2%	36.0%	-19.0%	20.4%
Net margin	-114.1%	-40.1%	-5.0%	2.3%	-3.6%	-185.8%	42.0%	27.7%	-16.9%	15.0%

Balance sheet

fiscal years · USD

Fiscal year	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$825.00M	$882.00M	$5.00M	$4.00M	$6.00M	$279.00M	$130.00M	$1.08B	$317.00M	$616.00M
Receivables	$1.13B	$1.06B	$1.32B	$1.25B	$990.00M	$746.00M	$1.44B	$593.00M	$1.23B	$1.60B
Inventory	—	—	—	—	—	—	—	—	—	$19.00M
Total current assets	$2.48B	$2.14B	$1.53B	$1.60B	$1.25B	$1.11B	$2.70B	$2.61B	$2.00B	$2.92B
Goodwill	—	—	—	—	—	—	—	—	—	$0
Total assets	$17.31B	$13.03B	$14.93B	$12.73B	$16.19B	$6.58B	$15.47B	$14.38B	$27.89B	$28.29B
Total current liabilities	$3.69B	$3.65B	$2.42B	$2.89B	$2.39B	$3.09B	$2.70B	$1.31B	$3.12B	$2.90B
Short-term debt	$381.00M	$506.00M	$53.00M	$381.00M	$385.00M	$1.93B	—	$0	$389.00M	$0
Long-term debt	$10.31B	$9.94B	$9.92B	$7.34B	$9.07B	$0	$3.09B	$2.03B	$5.29B	$5.01B
Total debt	$10.69B	$10.44B	$9.97B	$7.72B	$9.46B	$1.93B	$3.09B	$2.03B	$5.68B	$5.01B
Total liabilities	$15.18B	$14.36B	$13.03B	$10.64B	$11.79B	$11.93B	$6.34B	$3.65B	$10.33B	$9.71B
Shareholders' equity	$2.14B	-$1.33B	$1.90B	$2.09B	$4.36B	-$5.34B	$9.12B	$10.73B	$17.57B	$18.58B

Cash flow

fiscal years · USD

Fiscal year	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$1.23B	-$980.00M	$475.00M	$1.73B	$1.62B	$1.16B	$4.12B	$2.38B	$1.56B	$4.58B
Capital expenditures	$3.61B	$1.45B	—	—	—	$1.14B	$1.82B	$1.83B	$1.56B	$2.74B
Free cash flow	-$2.38B	-$2.43B	$475.00M	$1.73B	$1.62B	$22.00M	$2.30B	$551.00M	$8.00M	$1.84B
Investing cash flow	-$3.45B	$116.00M	-$918.00M	$455.00M	-$2.48B	-$992.00M	-$3.40B	$473.00M	-$1.90B	-$2.76B
Financing cash flow	-$1.07B	$921.00M	-$434.00M	-$2.19B	$859.00M	$101.00M	-$1.45B	-$1.89B	-$419.00M	-$1.51B
Dividends paid	$118.00M	$0	$0	—	$0	$0	$1.21B	$487.00M	$388.00M	$765.00M
Share buybacks	—	—	—	—	—	$0	$1.07B	$355.00M	$0	$100.00M
Stock-based compensation	$78.00M	$52.00M	$49.00M	$32.00M	$30.00M	$21.00M	$22.00M	$33.00M	$38.00M	$46.00M
Depreciation & amortization	$2.23B	$1.70B	$1.70B	$1.74B	$2.26B	$1.10B	$1.75B	$1.53B	$1.73B	$2.98B

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$1.95B	$1.08B	$505.00M	$648.00M	$2.00B	$2.20B	$3.69B	$2.97B	$3.27B	$4.40B	$2.96B	$3.29B
Operating income	$726.00M	$32.00M	-$294.00M	-$155.00M	-$386.00M	-$268.00M	$1.27B	$725.00M	$745.00M	$1.53B	$661.00M	$640.00M
Interest expense	$22.00M	$19.00M	$20.00M	$20.00M	$64.00M	$59.00M	$60.00M	$57.00M	$59.00M	$59.00M	$43.00M	$44.00M
Pre-tax income	$735.00M	$33.00M	-$295.00M	-$158.00M	-$421.00M	-$319.00M	$1.23B	$686.00M	$687.00M	$1.49B	$672.00M	$608.00M
Income tax	$166.00M	$7.00M	-$68.00M	-$44.00M	-$22.00M	-$70.00M	$260.00M	$139.00M	$134.00M	$330.00M	$150.00M	$89.00M
Net income	$569.00M	$26.00M	-$227.00M	-$114.00M	-$399.00M	-$249.00M	$968.00M	$547.00M	$553.00M	$1.16B	$522.00M	$519.00M
EBITDA	$1.10B	$431.00M	$54.00M	$180.00M	$261.00M	$443.00M	$2.04B	$1.47B	$1.50B	$2.24B	$1.38B	$1.39B
EPS (basic)	$4.35	$0.20	$-1.73	$-0.85	$-2.16	$-1.06	$4.07	$2.30	$2.33	$4.83	$2.19	$2.24
EPS (diluted)	$4.02	$0.18	$-1.73	$-0.85	$-2.16	$-1.06	$4.02	$2.28	$2.30	$4.81	$2.19	$2.24
Diluted shares	-487.00K	141.75M	131.17M	133.79M	25.03M	234.43M	240.56M	239.89M	-3.00K	240.76M	238.36M	231.73M
Operating margin	37.3%	3.0%	-58.2%	-23.9%	-19.3%	-12.2%	34.4%	24.4%	22.8%	34.8%	22.3%	19.5%
Net margin	29.2%	2.4%	-45.0%	-17.6%	-19.9%	-11.3%	26.2%	18.4%	16.9%	26.4%	17.6%	15.8%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$1.08B	$1.18B	$1.02B	$1.04B	$317.00M	$349.00M	$731.00M	$613.00M	$616.00M	$2.22B	$663.00M	$118.00M
Receivables	$593.00M	$314.00M	$350.00M	$261.00M	$1.23B	$1.36B	$1.07B	$1.03B	$1.60B	$1.29B	$1.10B	$1.39B
Inventory	—	—	—	—	—	—	—	—	$19.00M	—	—	$169.00M
Total current assets	$2.61B	$2.38B	$2.01B	$1.80B	$2.00B	$2.11B	$2.27B	$2.24B	$2.92B	$4.39B	$2.84B	$3.10B
Goodwill	—	—	—	—	—	—	—	—	$0	—	—	$349.00M
Total assets	$14.38B	$14.02B	$13.61B	$13.39B	$27.89B	$27.93B	$27.77B	$27.61B	$28.29B	$29.52B	$28.03B	$29.74B
Total current liabilities	$1.31B	$1.02B	$931.00M	$899.00M	$3.12B	$3.59B	$2.92B	$2.77B	$2.90B	$3.95B	$2.96B	$3.43B
Short-term debt	$0	—	—	—	$389.00M	$0	$0	$0	$0	$875.00M	—	—
Long-term debt	$2.03B	$2.02B	$2.02B	$2.02B	$5.29B	$5.24B	$5.12B	$5.01B	$5.01B	$4.13B	$3.69B	$4.63B
Total debt	$2.03B	$2.02B	$2.02B	$2.02B	$5.68B	$5.24B	$5.12B	$5.01B	$5.01B	$5.01B	$3.69B	$4.63B
Total liabilities	$3.65B	$3.34B	$3.24B	$3.20B	$10.33B	$10.74B	$9.83B	$9.46B	$9.71B	$9.97B	$8.62B	$10.24B
Shareholders' equity	$10.73B	$10.68B	$10.37B	$10.19B	$17.57B	$17.19B	$17.94B	$18.15B	$18.58B	$19.55B	$19.41B	$19.50B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$470.00M	$552.00M	$209.00M	$422.00M	$382.00M	$1.10B	$1.32B	$1.20B	$956.00M	$2.40B	$1.10B	$1.18B
Capital expenditures	$379.00M	$421.00M	$302.00M	$298.00M	$536.00M	$563.00M	$657.00M	$775.00M	$741.00M	$707.00M	$753.00M	$838.00M
Free cash flow	$91.00M	$131.00M	-$93.00M	$124.00M	-$154.00M	$533.00M	$665.00M	$426.00M	$215.00M	$1.70B	$343.00M	$339.00M
Investing cash flow	$105.00M	-$374.00M	-$266.00M	-$319.00M	-$945.00M	-$507.00M	-$591.00M	-$845.00M	-$816.00M	-$601.00M	-$698.00M	-$2.16B
Financing cash flow	-$208.00M	-$77.00M	-$102.00M	-$78.00M	-$162.00M	-$557.00M	-$352.00M	-$471.00M	-$135.00M	-$192.00M	-$1.94B	$438.00M
Dividends paid	$75.00M	$77.00M	$99.00M	$78.00M	$134.00M	$142.00M	$137.00M	$349.00M	$137.00M	$141.00M	$138.00M	$132.00M
Share buybacks	$42.00M	$0	$0	$0	$0	$0	$99.00M	$1.00M	$0	$66.00M	$514.00M	$320.00M
Stock-based compensation	$8.00M	$9.00M	$10.00M	$10.00M	$9.00M	$9.00M	$13.00M	$12.00M	$12.00M	$10.00M	$12.00M	$11.00M
Depreciation & amortization	$379.00M	$399.00M	$348.00M	$335.00M	$647.00M	$711.00M	$769.00M	$741.00M	$759.00M	$711.00M	$722.00M	$750.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.