Friday 6 November 2026 Export EXE’s income statement to Excel — free account

Expand Energy Corporation

Expand Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $12.1 billion, up 186.3% from fiscal 2024.

Revenue: +10.8%
EPS: −2.61%
Free cash flow: +2.49%
Total debt: −7.54%

Quarter to September 2026, against a year earlier

85.55 1.76 −2.02%

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Market cap: $19.7B
P/E: 7.4×
Fwd P/E: 7.9×
Dividend yield: 0.00%
F-score: 8/9
Altman Z: 2.57
Beneish M: −1.94
Dividend safety: 61/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Expand Energy Corporation (EXE) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2014: revenue by products and services, and margins
Marketing Revenue from Contracts with Customers	12,225	52.86%
Natural gas, oil and NGL	10,354	44.77%
Other, not broken out	546	2.36%
Gross margin		83.51%
Operating margin		15.04%
Pre-tax margin		13.84%

Revenue by product or service $m

Line	FY2016	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Marketing	4,511 57.30%	—	—	—	—	—	—	—
Natural gas, oil and NGL	3,288 41.77%	10,354 44.77%	8,626 45.21%	6,278 50.97%	6,024 51.77%	5,647 60.29%	5,049 65.55%	7,858 67.57%
Marketing Revenue from Contracts with Customers	—	12,225 52.86%	9,559 50.10%	5,431 44.10%	5,090 43.75%	3,479 37.14%	2,463 31.98%	3,598 30.94%
Other, not broken out	73 0.93%	546 2.36%	895 4.69%	607 4.93%	521 4.48%	240 2.56%	190 2.47%	173 1.49%
Revenue	7,872	23,125	19,080	12,316	11,635	9,366	7,702	11,629

Gross profit by product or service $m, and margin

	FY2016	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Marketing	‡	‡	‡	‡	‡	‡	‡	‡
Oil and Gas, Gathering, Processing and Transportation	‡	‡	‡	‡	‡	‡	‡	‡
Oil and Gas, Production	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by segment $m

Line	FY2010
Consolidated Entities	9,366 100.00%
Oilfield Services	240 2.56%
Other Segments	0 0.00%
Intersegment Eliminations	0 0.00%
Eliminations	(240) (2.56%)
Revenue	9,366

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Average rigs	Q3 FY2026	11.00	11.00	0.00%
Haynesville	Q3 FY2026	3.2K	3.2K	−0.87%
Natural gas	Q3 FY2026	92.0%	92.0%	—
Natural gas	Q3 FY2026	6.9K	6.7K	+2.90%
NGL	Q3 FY2026	87.00	85.00	+2.35%
Northeast Appalachia	Q3 FY2026	2.6K	2.6K	+1.45%
Oil	Q3 FY2026	17.00	17.00	0.00%
Southwest Appalachia	Q3 FY2026	1.1K	959.00	+19.40%
Third quarter net production	Q3 FY2026	7.5K	7.3K	+2.80%
Wells drilled	Q3 FY2026	46.00	41.00	+12.20%
Wells placed on production	Q3 FY2026	59.00	57.00	+3.51%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Average rigs	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Haynesville	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Natural gas	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Natural gas	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
NGL	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Northeast Appalachia	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Oil	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Southwest Appalachia	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Third quarter net production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wells drilled	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wells placed on production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.