Company: EXEEZ
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000895126-25-000053
Chunk: 21

Company: EXPAND ENERGY Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 per share are as follows:  Three Months Ended March 31,20252024NumeratorNet income (loss), basic and diluted$(249)$26 Denominator (in thousands)Weighted average common shares outstanding, basic234,434 130,893 Effect of potentially dilutive securitiesWarrants— 10,302 Restricted stock units— 379 Performance share units— 178 Weighted average common shares outstanding, diluted234,434 141,752 Earnings (loss) per common share:Basic$(1.06)$0.20 Diluted$(1.06)$0.18 During the Current Quarter and Prior Quarter, the diluted earnings (loss) per share calculation excludes the effect of 308,646 and 777,369 reserved shares of common stock and 582,109 and 1,466,502 reserved Class C Warrants related to the settlement of General Unsecured Claims associated with the Chapter 11 Cases, as all necessary conditions had not been met for such shares to be considered dilutive shares during the Current Quarter and Prior Quarter, respectively. Additionally, the diluted loss per share calculation during the Current Quarter excludes the antidilutive effect of 5,634,917 Warrants, 413,816 RSUs and 154,868 PSUs.

13

Table of ContentsEXPAND ENERGY CORPORATION AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)(Unaudited)

4.Debt Our long-term debt consisted of the following as of March 31, 2025 and December 31, 2024:March 31, 2025December 31, 2024Carrying AmountFair Value(a)Carrying AmountFair Value(a)Credit Facility$— $— $— $— 4.95% senior notes due 2025— — 389 389 5.50% senior notes due 2026— — 47 47 5.375% senior notes due 2029700 697 700 684 5.875% senior notes due 2029500 500 500 494 6.75% senior notes due 2029950 965 950 959 5.375% senior notes due 20301,200 1,192 1,200 1,174 4.75% senior notes due 20321,150 1,089 1,