# Expand Energy Corporation (EXE)

**Exchange:** NASDAQ  
**Sector:** Energy  
**Market cap:** $21.29B  
**Price:** $88.56 (-0.25%)

> Expand Energy Corporation is an independent energy company focused on the production and development of natural gas, oil, and natural gas liquids in the United States. The company operates core assets across key shale regions, including the Haynesville, Northeast Appalachia, and Southwest Appalachia basins, where it develops unconventional resources at scale. Expand Energy Corporation primarily serves utilities, power generators, industrial users, and energy marketers that rely on stable natural gas and liquids supply for fuel and feedstock needs. Its portfolio is oriented toward abundant natural gas, supporting power generation, heating, and industrial processes, with an emphasis on providing reliable and lower-carbon energy relative to coal-based alternatives. The company is headquartered in Oklahoma City, Oklahoma, and is part of the broader energy sector, contributing to North American natural gas infrastructure and supply chains. Through its upstream activities, Expand Energy Corporation plays a significant role in meeting domestic energy demand and supporting the liquidity of physical and financial energy markets linked to U.S. gas and liquids production.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $12.12B | — | $2.47B | $1.82B | — |
| 2024 | $4.24B | — | -$803M | -$714M | — |
| 2023 | $8.72B | — | $3.14B | $2.42B | — |
| 2022 | $11.74B | — | $3.78B | $4.94B | — |
| 2020 | $5.24B | — | -$8.70B | -$9.73B | — |
| 2019 | $8.53B | — | -$31M | -$308M | — |
| 2018 | $10.03B | — | $382M | $226M | — |
| 2017 | $10.04B | — | -$138M | -$505M | — |
| 2016 | $7.87B | — | -$4.41B | -$4.39B | — |
| 2015 | $12.76B | — | -$18.92B | -$14.57B | — |
| 2014 | $23.13B | — | $3.48B | $1.92B | — |
| 2013 | $19.08B | — | $2.07B | $724M | — |
| 2012 | $12.32B | — | -$1.69B | -$769M | — |
| 2011 | $11.63B | — | $2.92B | $1.74B | — |
| 2010 | $9.37B | — | $2.81B | $1.77B | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $28.29B | $9.71B | $18.58B | $616M | $5.01B |
| 2024 | $27.89B | $10.33B | $17.57B | $317M | $5.68B |
| 2023 | $14.38B | $3.65B | $10.73B | $1.08B | $2.03B |
| 2022 | $15.47B | $6.34B | $9.12B | $130M | $3.00B |
| 2020 | $6.58B | $11.93B | -$5.34B | $279M | — |
| 2019 | $16.19B | $11.79B | $4.36B | $6M | $9.07B |
| 2018 | $12.73B | $10.64B | $2.09B | $4M | $7.34B |
| 2017 | $12.43B | $12.92B | -$496M | $5M | $9.92B |
| 2016 | $13.03B | $14.36B | -$1.33B | $882M | $9.94B |
| 2015 | $17.31B | $15.18B | $2.14B | $825M | $10.31B |
| 2014 | $40.66B | $23.75B | $16.90B | $4.11B | $11.54B |
| 2013 | $41.78B | $25.79B | $15.99B | $837M | $12.89B |
| 2012 | $41.61B | $26.04B | $15.57B | $287M | $12.62B |
| 2011 | $41.84B | $25.21B | $16.62B | $351M | $10.63B |
| 2010 | $37.18B | $21.91B | $15.26B | $102M | $12.64B |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $4.58B | $2.74B | $1.84B |
| 2024 | $1.56B | $1.56B | $8M |
| 2023 | $2.38B | $1.83B | $551M |
| 2022 | $4.13B | $1.82B | $2.30B |
| 2020 | $1.16B | $1.14B | $22M |
| 2019 | $1.62B | — | — |
| 2018 | $1.73B | — | — |
| 2017 | $475M | — | — |
| 2016 | -$204M | — | — |
| 2015 | $1.23B | — | — |
| 2014 | $4.63B | — | — |
| 2013 | $4.61B | — | — |
| 2012 | $2.84B | — | — |
| 2011 | $5.90B | — | — |
| 2010 | $5.12B | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/EXE)