Expand Energy revenue and financials
$88.23Change from previous close: +2.08%Absolute change: +$1.80
In the fiscal year ended December 2025, Expand Energy reported revenue of $12.12B (+186.28% year over year). Net income was $1.82B, a net margin of 15.0%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +186.28%
- 2025 vs 2024
- Net margin
- 15.0%
- 2024: -16.9%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,096 | 2,402 | 956 | 1,201 | 1,322 | 1,096 | 382 | 422 | 209 | 552 | 470 | 506 |
| Depreciation and amortization | 722 | 711 | 759 | 741 | 769 | 711 | 647 | 335 | 348 | 399 | 379 | 382 |
| Capital expenditure | -756 | -711 | -867 | -844 | -657 | -563 | -536 | -298 | -302 | -421 | -379 | -423 |
| Investing cash flow | -698 | -601 | -816 | -845 | -591 | -507 | -945 | -319 | -266 | -374 | 105 | -480 |
| Financing cash flow | -1,939 | -192 | -135 | -471 | -352 | -557 | -162 | -78.0 | -102 | -77.0 | -208 | -215 |
| Dividends paid | -138 | -141 | -137 | -349 | -137 | -142 | -134 | -78.0 | -99.0 | -77.0 | -75.0 | -77.0 |
| Share repurchases | -514 | -66.0 | 0.0 | -1.0 | -99.0 | — | — | — | — | — | -42.0 | -132 |
| Debt issued | 0.0 | 0.0 | 165 | 0.0 | 100 | 725 | 767 | — | — | — | — | — |
| Debt repaid | -1,287 | 0.0 | -165 | -110 | -217 | -1,161 | -787 | — | — | — | — | — |
| Net change in cash | -1,541 | 1,609 | 5.0 | -115 | 379 | 32.0 | -725 | 25.0 | -159 | 101 | 367 | -189 |
| Free cash flow | 340 | 1,691 | 89.0 | 357 | 665 | 533 | -154 | 124 | -93.0 | 131 | 91.0 | 83.0 |
| Levered free cash flow | 253 | 1,246 | -124 | 92.3 | 459 | 727 | 901 | 173 | 20.3 | 57.0 | 332 | -510 |