Company: EXEEZ
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000895126-25-000053
Chunk: 13

Company: EXPAND ENERGY Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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($ in millions, except per share data)March 31, 2025December 31, 2024AssetsCurrent assets:Cash and cash equivalents$349 $317 Restricted cash78 78 Accounts receivable, net1,361 1,226 Derivative assets— 84 Other current assets325 292 Total current assets2,1131,997Property and equipment:Natural gas and oil properties, successful efforts methodProved natural gas and oil properties23,874 23,093 Unproved properties5,774 5,897 Other property and equipment678 654 Total property and equipment30,326 29,644 Less: accumulated depreciation, depletion and amortization(6,066)(5,362)Total property and equipment, net24,260 24,282 Long-term derivative assets2 1 Deferred income tax assets626 589 Other long-term assets933 1,025 Total assets$27,934 $27,894 Liabilities and stockholders' equityCurrent liabilities:Accounts payable$654 $777 Current maturities of long-term debt, net— 389 Accrued interest68 100 Derivative liabilities896 71 Other current liabilities1,971 1,786 Total current liabilities3,589 3,123 Long-term debt, net5,243 5,291 Long-term derivative liabilities129 68 Asset retirement obligations, net of current portion506 499 Long-term contract liabilities1,159 1,227 Other long-term liabilities117 121 Total liabilities10,743 10,329 Contingencies and commitments (Note 5)Stockholders' equity:Common stock, $0.01 par value, 450,000,000 shares authorized: 237,476,127 and 231,769,886 shares issued2 2 Additional paid-in capital13,700 13,687 Retained earnings3,489 3,876 Total stockholders' equity17,191 17,565 Total liabilities and stockholders' equity$27,934 $27,894 

The accompanying notes are an integral part of these condensed consolidated financial statements.5

Table of ContentsEXPAND ENERGY CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

Three Months Ended March 31,($ in millions, except per share data)20252024Re