EXPAND ENERGY Corp (EXE) Financial Statements
Industry: Crude Petroleum & Natural Gas
In fiscal 2025, EXPAND ENERGY reported revenue of $12.12B, up 186.3% from $4.24B the year before. Net income was $1.82B (a 15.0% net margin), or $7.57 per diluted share. Gross margin was 20.4% and operating margin was 20.4%. Operating activities generated $4.58B of cash, leaving $1.84B of free cash flow. At fiscal year end, EXPAND ENERGY held $28.29B in total assets against $9.71B in total liabilities, including $616.0M of cash and equivalents.
Open the full interactive EXPAND ENERGY financials → Quarterly statements, key ratios, valuation history and price charts.
EXPAND ENERGY Key Stats
| Share Price | $92.37 |
|---|---|
| Market Cap | $22.02B |
| P/E Ratio | 12.2 |
| Revenue YoY Growth | +186.3% |
| 52-Week Range | $84.09 – $120.76 |
| Shares Outstanding | 238.2 million (basic, 2026 Q2) |
EXPAND ENERGY Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $5.30B | $5.81B | $11.74B | $8.72B | $4.24B | $12.12B |
| Cost of Goods Sold | $14.00B | $5.11B | $7.96B | $5.58B | $5.04B | $9.65B |
| Gross Profit | -$8.70B | $704.0M | $3.78B | $3.14B | -$803.0M | $2.47B |
| Operating Income | -$8.70B | $704.0M | $3.78B | $3.14B | -$803.0M | $2.47B |
| Pre-Tax Income | -$9.77B | $6.22B | $3.65B | $3.12B | -$841.0M | $2.28B |
| Income Tax | -$19.0M | -$106.0M | -$1.28B | $698.0M | -$127.0M | $463.0M |
| Net Income | -$9.73B | $6.33B | $4.94B | $2.42B | -$714.0M | $1.82B |
| Diluted EPS | -$998.26 | — | $33.36 | $16.92 | -$4.55 | $7.57 |
EXPAND ENERGY Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.97B | $3.27B | $4.40B | $2.96B |
| Net Income | $547.0M | $553.0M | $1.16B | $522.0M |
| Diluted EPS | $2.28 | $2.30 | $4.81 | $2.19 |
EXPAND ENERGY Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $279.0M | $905.0M | $130.0M | $1.08B | $317.0M | $616.0M |
| Current Assets | $1.11B | $2.10B | $2.70B | $2.61B | $2.00B | $2.92B |
| Total Assets | $6.58B | $11.01B | $15.47B | $14.38B | $27.89B | $28.29B |
| Current Liabilities | $3.09B | $2.45B | $2.70B | $1.31B | $3.12B | $2.90B |
| Total Long-Term Debt | $1.93B | $2.28B | $3.09B | $2.03B | $5.68B | $5.01B |
| Total Liabilities | $11.93B | $5.34B | $6.34B | $3.65B | $10.33B | $9.71B |
| Shareholders' Equity | -$5.34B | $5.67B | $9.12B | $10.73B | $17.57B | $18.58B |
EXPAND ENERGY Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.16B | $1.79B | $4.12B | $2.38B | $1.56B | $4.58B |
| Cash From Investing | -$992.0M | -$916.0M | -$3.40B | $473.0M | -$1.90B | -$2.76B |
| Cash From Financing | $101.0M | -$237.0M | -$1.45B | -$1.89B | -$419.0M | -$1.51B |
| Free Cash Flow | — | — | $2.30B | $551.0M | $8.0M | $1.84B |
Figures from EXPAND ENERGY's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full EXPAND ENERGY financials page for every line item.
EXPAND ENERGY Company Profile
| Ticker | EXE |
|---|---|
| Exchange | Nasdaq |
| Industry | Crude Petroleum & Natural Gas |
| Headquarters | Spring, Texas |
| Incorporated in | Oklahoma |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000895126 |
Frequently Asked Questions
What was EXPAND ENERGY's revenue in fiscal 2025?
EXPAND ENERGY (EXE) reported revenue of $12.12B for fiscal 2025.
What is EXPAND ENERGY's annual revenue history?
EXPAND ENERGY's annual revenue by fiscal year: 2020: $5.30B; 2021: $5.81B; 2022: $11.74B; 2023: $8.72B; 2024: $4.24B; 2025: $12.12B.
What was EXPAND ENERGY's net income in fiscal 2025?
EXPAND ENERGY reported net income of $1.82B for fiscal 2025.
What was EXPAND ENERGY's earnings per share (EPS) in fiscal 2025?
EXPAND ENERGY's diluted EPS was $7.57 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did EXPAND ENERGY generate in fiscal 2025?
EXPAND ENERGY generated $1.84B of free cash flow in fiscal 2025.
What was EXPAND ENERGY's revenue last quarter?
In its most recent reported quarter (2026 Q2), EXPAND ENERGY reported revenue of $2.96B.
How much debt does EXPAND ENERGY have?
EXPAND ENERGY reported $5.01B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of EXPAND ENERGY are outstanding?
EXPAND ENERGY reported a weighted average of 238.2 million basic shares outstanding in 2026 Q2.
What is EXPAND ENERGY's market cap?
Based on its latest closing price, EXPAND ENERGY (EXE) has a market capitalization of about $22.02B.
When does EXPAND ENERGY's fiscal year end?
EXPAND ENERGY's fiscal year end, as registered with the SEC, is December 31.
Where is EXPAND ENERGY headquartered?
EXPAND ENERGY lists its business address in Spring, Texas in its SEC filings.