EXPAND ENERGY Corp
EXE· Nasdaq· Crude Petroleum & Natural Gas
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 15.2%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +18.3%
We record prices for the companies we cover; EXE is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 240.4M
- Revenue
- $12.1B
- Free cash flow
- $1.8B
- Owner earnings
- $1.8B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 20.4%
- Net
- 15.0%
- Free cash flow
- 15.2%
- Owner earnings
- 14.8%
- Stock pay
- 0.4%
Returns
- ROIC, FY2025
- 8.6%
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 9.8%
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- 1.1%
- Revenue, 5 yr
- 18.3%
- Revenue, 9 yr
- 4.9%
- Diluted EPS, 3 yr
- -39.0%
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- -7.2%
- Free cash flow, 5 yr
- 142.3%
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $616.0M
- Total debt
- $5.0B
- Net debt
- $4.4B
- Debt/Equity
- 0.3x
- Debt/FCF
- 2.7x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 42.1%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 89.7%
Financials: ten years from the 10-Ks
Revenue
$12.1B
-0.6% a year over 9 years
FY2015FY2025
Margins
Operating20.4%Net15.0%
FY2025
FY2015FY2025
Free cash flow and owner earnings
Free cash flow$1.8BOwner earnings$1.8B
FY2025
FY2015FY2025
Diluted shares
240.4M
+1149.5% over 9 years, net dilution
FY2015FY2025
Return on invested capital
8.6%
FY2025
FY2015FY2025
Net debt (below zero)
-$4.4B
$4.4B more debt than cash
FY2015FY2025
Every figure, year by year
| Fiscal year | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $12.8B | $7.9B | $10.0B | $10.0B | $8.5B | $5.2B | $11.7B | $8.7B | $4.2B | $12.1B |
| Revenue growth | -44.8% | -38.3% | 27.5% | -0.1% | -14.9% | -38.6% | – | -25.7% | -51.4% | 186.3% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | -148.2% | -56.0% | -1.4% | 3.8% | -0.4% | -166.1% | 32.2% | 36.0% | -19.0% | 20.4% |
| Net income | -$14.6B | -$4.4B | -$505.0M | $226.0M | -$308.0M | -$9.7B | $4.9B | $2.4B | -$714.0M | $1.8B |
| Net margin | -114.1% | -55.8% | -5.0% | 2.3% | -3.6% | -185.8% | 42.0% | 27.7% | -16.9% | 15.0% |
| Diluted EPS | $-766.01s | $-221.27s | $-136.50s | $29.26 | $-49.97 | $-998.26 | $33.36 | $16.92 | $-4.55 | $7.57 |
| Return on invested capital? | – | – | – | – | – | – | – | 20.9% | – | 8.6% |
| Cash | ||||||||||
| Operating cash flow | $1.2B | -$204.0M | $475.0M | $1.7B | $1.6B | $1.2B | $4.1B | $2.4B | $1.6B | $4.6B |
| Capital expenditure | $3.6B | $1.4B | – | – | – | $1.1B | $1.8B | $1.8B | $1.6B | $2.7B |
| Free cash flow | -$2.4B | -$1.6B | – | – | – | $22.0M | $2.3B | $551.0M | $8.0M | $1.8B |
| Stock-based compensation | $78.0M | $52.0M | $49.0M | $32.0M | $30.0M | $21.0M | $22.0M | $33.0M | $38.0M | $46.0M |
| Owner earnings? | -$2.5B | -$1.7B | – | – | – | $1.0M | $2.3B | $518.0M | -$30.0M | $1.8B |
| Free cash flow per share | $-123.72 | $-74.32 | – | – | – | $2.25 | $15.77 | $3.85 | $0.05 | $7.65 |
| Capital allocation | ||||||||||
| Dividends paid | $118.0M | $0 | $0 | – | $0 | $0 | $1.2B | $487.0M | $388.0M | $765.0M |
| Share repurchases | – | – | – | – | – | $0 | $1.1B | $355.0M | $0 | $100.0M |
| Diluted shares | 19.2Ms | 22.2Ms | 4.6Ms | 4.5M | 8.3M | 9.8M | 146.0M | 143.0M | 157.0M | 240.4M |
| Share count change? | -14.2% | 15.4% | -79.1% | -2.2% | 83.1% | 17.4% | – | -2.0% | 9.8% | 53.1% |
| Balance sheet | ||||||||||
| Cash and equivalents | $825.0M | $882.0M | $5.0M | $4.0M | $6.0M | $279.0M | $130.0M | $1.1B | $317.0M | $616.0M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $10.7B | $10.4B | $10.0B | $7.7B | $9.5B | $1.9B | $3.1B | $2.0B | $5.7B | $5.0B |
| Net debt | $9.9B | $9.6B | $10.0B | $7.7B | $9.5B | $1.6B | $3.0B | $949.0M | $5.4B | $4.4B |
| Shareholders' equity | $2.1B | -$1.3B | -$496.0M | $2.1B | $4.4B | -$5.3B | $9.1B | $10.7B | $17.6B | $18.6B |
Latest filings
| 2026-10-27 | 10-Q | Quarterly report |
| 2026-10-27 | 8-K | Earnings release |
| 2026-07-28 | 10-Q | Quarterly report |
| 2026-07-28 | 8-K | Earnings release |
| 2026-04-28 | 10-Q | Quarterly report |
| 2026-04-28 | 8-K | Earnings release |
| 2026-04-24 | DEF 14A | Proxy statement |
| 2026-02-18 | 10-K | Annual report |
| 2026-02-17 | 8-K | Earnings release |
| 2025-10-28 | 10-Q | Quarterly report |
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