FY2025 · ended Dec 31, 2025 · Revenue $12.12B, +186.3% YoY · Filed Feb 18, 2026
Expand Energy Corporation (EXE) files with the SEC under industry code 1311, Crude Petroleum & Natural Gas. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $12.1 billion and net income of $1.8 billion. Free cash flow was $1.8 billion. As of Sep 30, 2026 it held $118.0 million in cash and investments and $4.7 billion in total debt.
Revenue (TTM)
$13.91B
+28.2% vs year-ago TTM
Net income (TTM)
$2.75B
+217.5% vs year-ago TTM
Operating cash flow (TTM)
$5.63B
+40.7% vs year-ago TTM
Free cash flow (TTM)
$2.59B
+76.3% vs year-ago TTM
EPS (TTM)
$11.58
+217.9% vs year-ago TTM
Dividend per share
$0.00
Shares outstanding
240.40M
+3.3% vs prior year
Net cash
$-4.55B
as of Sep 30, 2026
Operating margin
25.7%
FY 2026
Company profile
- Industry
- Crude Petroleum & Natural Gas (SIC 1311)
- Listed as
- EXE (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- OK
- Headquarters
- Spring, TX
- SEC filer status
- Large accelerated filer
- SEC CIK
- 895126
- Former names
- CHESAPEAKE ENERGY CORP (until Sep 26, 2024)
Other Crude Petroleum & Natural Gas companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $12.1B | $4.2B | $8.7B | $11.7B | $5.5B |
| Operating income | $2.5B | -$803.0M | $3.1B | $3.8B | $938.0M |
| Net income | $1.8B | -$714.0M | $2.4B | $4.9B | $945.0M |
| Diluted EPS | $7.57 | -$4.55 | $16.92 | $33.36 | $8.12 |
| Operating cash flow | $4.6B | $1.6B | $2.4B | $4.1B | $1.8B |
| Free cash flow | $1.8B | $8.0M | $551.0M | $2.3B | — |
| Total assets | $28.3B | $27.9B | $14.4B | $15.5B | $11.0B |
| Total liabilities | $9.7B | $10.3B | $3.6B | $6.3B | $5.3B |
| Stockholders' equity | $18.6B | $17.6B | $10.7B | $9.1B | $5.7B |
| Cash and investments | $616.0M | $317.0M | $1.1B | $130.0M | $905.0M |
| Total debt | $5.1B | $5.8B | $2.1B | $3.2B | $2.3B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 27, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Oct 27, 2026 | Oct 27, 2026 |
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Oct 19, 2026 | Oct 16, 2026 |
| 8-K |
Current report
Officer or director change
|
Oct 13, 2026 | Oct 8, 2026 |
| 8-K |
Current report
Material agreement, New debt
|
Oct 6, 2026 | Oct 6, 2026 |
| 8-K |
Current report
Material agreement, New debt, Other events
|
Sep 17, 2026 | Sep 17, 2026 |
All 1000 Expand Energy Corporation SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.