Expand Energy Corp
EXE- Exchange
- Nasdaq
- Industry
- Crude Petroleum & Natural Gas
- SEC CIK
- 0000895126
No open-market purchases or sales by Expand Energy Corp insiders were filed in the last 90 days; 857 institutions reported holding it in 13F filings for Q2 2026, worth $20.0B in total; Oaktree Capital is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 28, 2026, 12:33 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2020 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 17, 2026 | Feb 26, 2025 | Feb 20, 2024 | Feb 21, 2023 | Feb 2, 2021 |
| Revenue | $12.1B | $4.24B | $8.72B | $11.7B | $5.24B |
| Selling, general and administrative | $181.0M | $186.0M | $127.0M | $142.0M | $267.0M |
| Operating income | $2.47B | -$803.0M | $3.14B | $3.78B | -$8.70B |
| Interest expense | – | – | $104.0M | $160.0M | $331.0M |
| Income tax | $463.0M | -$127.0M | $698.0M | -$1.28B | -$19.0M |
| Net income | $1.82B | -$714.0M | $2.42B | $4.94B | -$9.73B |
| EPS, basic | $7.67 | $-4.55 | $18.21 | $38.71 | $-998.26 |
| EPS, diluted | $7.57 | $-4.55 | $16.92 | $33.36 | $-998.26 |
| Weighted shares, basic | 237.3M | 157.0M | 132.8M | 125.8M | 9.77M |
| Weighted shares, diluted | 240.4M | 157.0M | 143.0M | 146.0M | 9.77M |
| Margins and growth | |||||
| Operating margin | 20.4% | -19.0% | 36.0% | 32.2% | -166.1% |
| Net margin | 15.0% | -16.9% | 27.7% | 42.0% | -185.8% |
| Revenue growth, year over year | +186.3% | −51.4% | −25.7% | – | −39.0% |
| Net income growth, year over year | – | −129.5% | −51.0% | – | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2020 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 17, 2026 | Feb 26, 2025 | Feb 20, 2024 | Feb 21, 2023 | Feb 2, 2021 |
| Cash and equivalents | $616.0M | $317.0M | $1.08B | $130.0M | $279.0M |
| Accounts receivable | $1.60B | $1.23B | $593.0M | $1.44B | $746.0M |
| Total current assets | $2.92B | $2.00B | $2.61B | $2.70B | $1.11B |
| Property, plant and equipment | $24.4B | $24.3B | $10.1B | $11.2B | $5.24B |
| Total assets | $28.3B | $27.9B | $14.4B | $15.5B | $6.58B |
| Accounts payable | $753.0M | $777.0M | $425.0M | $603.0M | $346.0M |
| Short-term debt | $0 | $389.0M | – | – | $1.93B |
| Total current liabilities | $2.90B | $3.12B | $1.31B | $2.70B | $3.09B |
| Long-term debt | $5.01B | $5.29B | $2.03B | $3.09B | $0 |
| Total liabilities | $9.71B | $10.3B | $3.65B | $6.34B | $11.9B |
| Shareholders' equity | $18.6B | $17.6B | $10.7B | $9.12B | -$5.34B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2020 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 17, 2026 | Feb 26, 2025 | Feb 20, 2024 | Feb 21, 2023 | Feb 2, 2021 |
| Operating cash flow | $4.58B | $1.56B | $2.38B | $4.13B | $1.16B |
| Capital expenditures | $2.74B | $1.56B | $1.83B | $1.82B | – |
| Free cash flow | $1.84B | $8.00M | $551.0M | $2.30B | – |
| Depreciation and amortization | $2.98B | $1.73B | $1.53B | $1.75B | $1.10B |
| Stock-based compensation | $46.0M | $38.0M | $33.0M | $22.0M | $21.0M |
| Dividends paid | $765.0M | $388.0M | $487.0M | $1.21B | $0 |
| Share buybacks | $100.0M | $0 | $355.0M | $1.07B | – |
| Investing cash flow | -$2.76B | -$1.90B | $473.0M | -$3.40B | -$992.0M |
| Financing cash flow | -$1.51B | -$419.0M | -$1.89B | -$1.45B | $101.0M |
| Net change in cash | $301.0M | -$758.0M | $961.0M | -$722.0M | $273.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.4% | 0.9% | 0.4% | 0.2% | 0.4% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 20, 2026 | 231.0M | −3.0% | SEC |
| Jul 24, 2026 | 231.5M | −2.8% | SEC |
| Apr 24, 2026 | 239.2M | +0.5% | SEC |
| Feb 11, 2026 | 240.4M | +3.3% | SEC |
| Oct 23, 2025 | 238.2M | +3.1% | SEC |
| Jul 24, 2025 | 238.1M | +81.4% | SEC |
| Apr 24, 2025 | 238.0M | +81.6% | SEC |
| Feb 19, 2025 | 232.7M | +77.9% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.