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Overview

EXPAND ENERGY Corp

EXENASDAQEnergyCrude Petroleum & Natural GasCIK 0000895126Large-cap benchmark

Latest 10-K: FY2025, filed Feb 18, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$12.12B
186.3%YoYup from FY2024
TotalRevenue
Gross profit
Not reported
Operating income
$2.47B
n/mYoY
OperatingIncome
Net income
$1.82B
n/mYoY
NetIncome
Diluted EPS
$7.57
n/mYoY
EPSDiluted
Diluted shares
240.4M
53.1%YoYup from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • EXPAND ENERGY Corp reported revenue of $12.12B for fiscal 2025, up 186.3% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 2 of the last 5 fiscal years.

Profitability

  • Operating margin was 20.4% and net margin was 15.0%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was $7.57.
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Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$12.12B186.3%up
Benchmark median 6.4%
$4.24B51.4%down
Benchmark median 4.5%
$8.72B25.7%down
Benchmark median 4.8%
$11.74B111.6%up
Benchmark median 10.3%
$5.55B5.9%up
Benchmark median 13.8%
21.6%
Benchmark median 6.6%
Gross Profit
Median of 315 / 498
—
—
—
—
—
—
Benchmark median 6.2%
Operating Income
Median of 373 / 498
$2.47Bn/m
Benchmark median 7.3%
negative: -$0.80B125.6%down
Benchmark median 7.4%
$3.14B16.9%down
Benchmark median 4.9%
$3.78B303.0%up
Benchmark median 7.5%
$0.94Bn/m
Benchmark median 23.5%
27.4%
Benchmark median 7.2%
Net Income
$1.82Bn/m
Benchmark median 4.8%
negative: -$0.71B129.5%down
Benchmark median 5.7%
$2.42B51.0%down
Benchmark median 1.9%
$4.94B422.3%up
Benchmark median 1.3%
$0.94Bn/m
Benchmark median 33.9%
17.8%
Benchmark median 4.1%
EPS (Diluted)
$7.57n/m
Benchmark median 6.2%
negative: -$4.55126.9%down
Benchmark median 7.9%
$16.9249.3%down
Benchmark median 1.9%
$33.36310.8%up
Benchmark median 1.5%
$8.12‡n/m
Benchmark median 34.8%
-1.7%
Benchmark median 5.6%

‡ Share basis changed between these years (stock split or reverse split).

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$28.29B1.4%up
Benchmark median 5.6%
$27.89B94.0%up
Benchmark median 3.4%
$14.38B7.1%down
Benchmark median 4.1%
$15.47B40.5%up
Benchmark median 2.2%
$11.01B67.2%up
Benchmark median 6.7%
26.6%
Benchmark median 4.7%
Total Liabilities
Median of 357 / 498
$9.71B6.0%down
Benchmark median 6.4%
$10.33B183.2%up
Benchmark median 1.9%
$3.65B42.5%down
Benchmark median 2.9%
$6.34B18.8%up
Benchmark median 2.0%
$5.34B55.2%down
Benchmark median 5.2%
16.1%
Benchmark median 4.4%
Stockholders' Equity
$18.58B5.8%up
Benchmark median 6.8%
$17.57B63.7%up
Benchmark median 5.4%
$10.73B17.6%up
Benchmark median 7.3%
$9.12B60.9%up
Benchmark median 2.5%
$5.67Bn/m
Benchmark median 9.0%
34.5%
Benchmark median 6.1%
Cash & Equivalents
$0.62B94.3%up
Benchmark median 5.2%
$0.32B70.6%down
Benchmark median 1.9%
$1.08B730.0%up
Benchmark median 6.7%
$0.13B85.6%down
Benchmark median -8.6%
$0.91B224.4%up
Benchmark median -2.9%
-9.2%
Benchmark median 2.0%
Total Debt
$5.01B11.8%down
Benchmark median 2.1%
$5.68B180.1%up
Benchmark median 0.2%
$2.03B32.4%down
Benchmark median 0.3%
$3.00B†31.7%up
Benchmark median 0.1%
$2.28B18.1%up
Benchmark median -0.1%
21.8%
Benchmark median 4.3%

† Sum of short-term and long-term debt; the company files no total-debt line.

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$4.58B192.3%up
Benchmark median 6.3%
$1.56B34.2%down
Benchmark median 4.8%
$2.38B42.3%down
Benchmark median 9.9%
$4.13B128.0%up
Benchmark median -0.7%
$1.81B55.4%up
Benchmark median 10.7%
26.1%
Benchmark median 7.0%
Capital Expenditures
$2.74B75.7%up
Benchmark median 5.4%
$1.56B14.9%down
Benchmark median 2.8%
$1.83B0.3%up
Benchmark median 11.3%
$1.82B172.5%up
Benchmark median 14.0%
$0.67B41.4%down
Benchmark median 8.1%
42.2%
Benchmark median 9.0%
Free Cash Flow
Median of 378 / 498
$1.84B22887.5%up
Benchmark median 7.3%
$0.01B98.5%down
Benchmark median 6.1%
$0.55B76.1%down
Benchmark median 8.8%
$2.30B101.9%up
Benchmark median -11.3%
$1.14B5081.8%up
Benchmark median 10.2%
12.7%
Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

6.9%

Wall Street

on net earnings

FY2024 n/m

6.9%

Value investor

on free cash flow

FY2024 0.1%

Gap Same: Both views read the same

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 14.6×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

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Smart money

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Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Peers, filings & research

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Research Reports

No published research on EXE yet.

Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on EXE and publish the result to your public profile.

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Cite this page

Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/EXE

APA-style text
Valuein. (2026, October 30). EXPAND ENERGY Corp (EXE) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/EXE
BibTeX
@misc{valuein_exe_2026,
  author = {{Valuein}},
  title = {EXPAND ENERGY Corp (EXE) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/EXE}},
  note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 18, 2026 · accession 0000895126-26-000011

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

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