Saturday 17 October 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. In the quarter to June 2026, revenue fell 19.8%, EPS fell 46.2%, free cash flow fell 49.7% and total debt fell 28.1%, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.

93.41 2.61 +2.87%

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Market cap: $21.0B
P/E: 8.0×
Fwd P/E: 9.0×
Dividend yield: 0.00%
F-score: 8/9
Altman Z: 2.57
Beneish M: −1.94
Dividend safety: 61/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 0.88

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	1	—	1	3	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 3.39%

Capital & Financial Ratios $m

Market Cap 21,020.00

Revenue 13,595.00

Net Income 2,781.00

Free Cash Flow 2,575.00

Net Debt 2,921.00

Current Ratio 0.96

Debt/Equity 0.19

P/E ratio 8.02

Fwd P/E 9.03

P/S ratio 1.64

P/B ratio 1.15

Past 5Y EPS Growth —

This Y EPS Growth 42.54%

Next Y EPS Growth (5.82%)

Next Y revenue growth (46.67%)

Next 5Y EPS Growth 19.44%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 59.67%

10-year low 10-year high

P/S against its own 10 years 56.86%

10-year low 10-year high

P/B against its own 10 years 40.53%

10-year low 10-year high

EV/Sales against its own 10 years 57.00%

10-year low 10-year high

EV/FCF against its own 10 years 61.97%

10-year low 10-year high

Dividends

Payout Ratio 0.00

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	1.86	0.57 0.72 0.58
2023	3.62	1.29 1.18 0.57 0.57
2022	9.59	1.77 2.34 2.32 3.16
2021	1.13	0.34 0.34 0.44
2020	Powerpack
2019	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,153	395	696	764
Receivables	593	1,226	1,599	1,098
Inventory	—	—	—	—
Other	863	376	621	980
	2,609	1,997	2,916	2,842

	2023	2024	2025	Q'26
Payables	425	777	753	942
ST’ Debt	—	389	—	—
Other	850	1,857	2,048	1,945
	1,314	3,123	2,901	2,965

Compound Annual Growth %

	10y	5y	3y
Sales	(0.51%)	18.27%	1.07%
Cash Flow	14.00%	31.49%	3.51%
Earnings	0.00%	0.00%	(27.98%)
Book Value	22.73%	0.00%	26.75%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	4,397	2,960	—	—	—
’25	2,196	3,690	2,966	3,272	12,124
’24	1,081	505	648	2,001	4,235
’23	3,370	1,891	1,512	1,948	8,721
’22	935	3,520	3,162	4,126	11,743
’21	1,140	693	890	3,086	5,809
’20	2,525	507	960	1,248	5,240

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2,402	1,096	—	—	—
’25	1,096	1,322	1,201	956	4,575
’24	552	209	422	382	1,565
’23	889	515	506	470	2,380
’22	853	909	1,313	1,050	4,125
’21	388	394	443	563	1,788
’20	397	376	382	9	1,164

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,732	342	—	—	—
’25	533	680	361	140	1,714
’24	137	(87)	129	(150)	29
’23	1,323	1,017	87	657	3,084
’22	912	494	779	524	2,709
’21	249	247	268	302	1,066
’20	(114)	31	280	(25)	172

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	4.81	2.19	—	—	—
’25	(1.06)	4.02	2.28	2.30	7.57
’24	0.18	(1.73)	(0.85)	(2.15)	(4.55)
’23	9.60	2.73	0.49	4.02	16.92
’22	(6.32)	8.27	6.12	24.00	33.36
’21	52.99	(4.48)	(3.51)	11.13	54.39
’20	(852.35)	(28.22)	(76.18)	(42.54)	(998.26)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	40.00	61.45	69.68	69.12	91.02	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	69.40	107.31	93.53	101.46	126.62
People
People	Employees	3,300	3,200	2,350	2,300	1,300	1,300	1,200	1,000	1,700	1,600
	Revenue/emp, $m	2.39	2.97	4.35	3.71	4.03	4.47	9.79	8.72	2.49	7.58
Income, $m
Income, $m	Revenue	7,872	9,496	10,231	8,532	5,240	5,809	11,743	8,721	4,235	12,124
	Gross margin, %	67.42	79.06	81.70	81.22	72.23	79.15	86.94	90.22	75.56	80.40
	EBT	(4,589)	(500)	218	(639)	(9,769)	6,222	3,651	3,117	(841)	2,282
	EBT margin, %	(58.30)	(5.27)	2.13	(7.49)	(186.43)	107.11	31.09	35.74	(19.86)	18.82
	Net income	(4,399)	(502)	228	(308)	(9,750)	6,328	4,936	2,419	(714)	1,819
	Depreciation	1,107	1,697	1,737	2,264	1,097	991	1,753	1,527	1,672	2,777
Per share, $
Per share, $	Revenue	10.30	10.48	2,250.55	1,024.86	536.17	57.09	93.36	65.65	26.98	51.09
	Earnings	(5.76)	(0.55)	50.15	(37.00)	(998.26)	61.56	38.71	18.21	(4.55)	7.67
	Cash flow	(0.27)	0.52	380.55	194.96	119.10	17.57	32.79	17.92	9.97	19.28
	Capex	0.93	1.32	490.32	(255.50)	(101.50)	(7.10)	(11.26)	5.30	(9.78)	(12.06)
	Free cash flow	0.66	1.84	870.88	(60.54)	17.60	10.48	21.54	23.22	0.18	7.22
	Book value	(1.57)	(0.41)	469.20	528.65	(546.51)	55.73	72.54	80.77	111.89	78.29
	Shares, m	764	906	5	8	10	102	126	133	157	237
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	1.03	2.34	4.25	0.00	14.46
	P/S	0.08	0.08	0.08	0.08	0.08	1.13	0.92	1.17	3.69	2.16
	P/B	0.00	0.00	0.00	0.00	0.00	1.16	1.19	0.95	0.89	1.41
	EV/Sales	2.15	2.15	2.15	2.15	2.15	1.37	1.18	1.28	4.94	2.55
	EV/FCF	65.42	65.42	65.42	65.42	65.42	7.47	5.10	3.62	721.15	18.02
Cash, $m
Cash, $m	Operating cash flow	(204)	475	1,730	1,623	1,164	1,788	4,125	2,380	1,565	4,575
	Capex	712	1,195	2,229	(2,127)	(992)	(722)	(1,416)	704	(1,536)	(2,861)
	Free cash flow	508	1,670	3,959	(504)	172	1,066	2,709	3,084	29	1,714
Balance, $m
Balance, $m	Working capital	(1,506)	(831)	(1,289)	(1,141)	(1,986)	(344)	(6)	1,295	(1,126)	15
	Total debt	10,441	9,973	7,722	9,458	1,929	2,307	3,179	2,028	5,680	5,009
	Net debt	9,559	9,968	7,718	9,452	1,650	1,393	2,987	875	5,285	4,313
	Shareholders’ equity	(1,203)	(372)	2,133	4,401	(5,341)	5,671	9,124	10,729	17,565	18,578
Returns, %
Returns, %	ROA	(32.40)	(4.96)	1.06	(2.88)	(85.67)	71.94	36.78	16.21	(3.38)	6.48
	ROIC	(32.99)	(0.90)	2.42	(0.14)	0.00	6.23	19.51	16.92	(2.20)	6.75
	ROE	270.13	25.15	(16.82)	(25.74)	464.35	(972.79)	65.82	24.37	(5.05)	10.07

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
WDS Woodside Energy Group Ltd	$44.1B	3.6×	11.1×	+196.99% (above 0%: growing)	+178.60% (above 0%: growing)	−173.74% (below 0%: shrinking)	42.87%	0.00%	Compare
EQT EQT Corporation	$32.8B	12.5×	10.8×	−29.24% (below 0%: shrinking)	−74.05% (below 0%: shrinking)	−42.53% (below 0%: shrinking)	73.19%	21.77%	Compare
TPL Texas Pacific Land Corporation	$23.9B	44.7×	42.5×	+31.20% (above 0%: growing)	+32.48% (above 0%: growing)	−63.88% (below 0%: shrinking)	100.00%	77.96%	Compare
EXE Expand Energy Corporation	$21.0B	8.0×	9.0×	−19.78% (below 0%: shrinking)	−46.19% (below 0%: shrinking)	−49.71% (below 0%: shrinking)	72.91%	22.33%
PR Permian Resources Corporation	$19.8B	15.9×	11.5×	+55.15% (above 0%: growing)	+216.67% (above 0%: growing)	+872.22% (above 0%: growing)	80.07%	49.95%	Compare
APA APA Corporation	$16.6B	10.4×	5.8×	−8.15% (below 0%: shrinking)	+26.95% (above 0%: growing)	+4.61% (above 0%: growing)	101.46%	53.23%	Compare
AR Antero Resources Corporation	$11.2B	11.0×	7.2×	+20.22% (above 0%: growing)	+80.00% (above 0%: growing)	−289.65% (below 0%: shrinking)	41.92%	24.07%	Compare
RRC Range Resources Corporation	$9.7B	11.8×	9.5×	−2.65% (below 0%: shrinking)	−16.16% (below 0%: shrinking)	−72.91% (below 0%: shrinking)	92.10%	32.10%	Compare
SM SM Energy Company	$8.9B	7.7×	6.5×	+215.26% (above 0%: growing)	+154.55% (above 0%: growing)	+673.91% (above 0%: growing)	77.76%	59.84%	Compare
Median of peers	$18.2B	11.4×	10.2×	+25.71%	+56.24%	−53.20%	78.92%	41.03%

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