Company: EXEEZ
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000895126-25-000053
Chunk: 62

Company: EXPAND ENERGY Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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TotalHaynesville$272 $— $— $272 Northeast Appalachia317 — — 317 Natural gas, oil and NGL revenue$589 $— $— $589 Marketing revenue$197 $82 $33 $312 Accounts ReceivableOur accounts receivable are primarily from purchasers of natural gas, oil and NGL and from exploration and production companies that own interests in properties we operate. This industry concentration could affect our overall exposure to credit risk, either positively or negatively, because our purchasers and joint working interest owners may be similarly affected by changes in economic, industry or other conditions. We monitor the creditworthiness of all our counterparties, and we generally require letters of credit or parent guarantees for receivables from parties deemed to have sub-standard credit, unless the credit risk can otherwise be mitigated. We utilize an allowance method in accounting for bad debt based on historical trends in addition to specifically identifying receivables that we believe may be uncollectible.Accounts receivable as of March 31, 2025 and December 31, 2024 are detailed below:March 31, 2025December 31, 2024Natural gas, oil and NGL sales$1,137 $1,028 Joint interest228 191 Other12 18 Allowance for doubtful accounts(16)(11)Total accounts receivable, net$1,361 $1,226 

8.Income Taxes The table below presents a comparison of the Current Quarter and Prior Quarter’s income tax expense (benefit) and actual year-to-date effective tax rates.Three Months Ended March 31,20252024Income (loss) before income taxes$(319)$33 Current tax benefit(33)10.3 %— — %Deferred tax expense (benefit)(37)11.6 %721.2 %Income tax expense (benefit)$(70)21.9 %$7 21.2 %An estimated annual effective tax rate (“EAETR”) is used in recording our interim year-to-date income tax provision. The EAETR is determined based on analysis of year-to-date and projected financial results of our operations. Our EAETR during the Current Quarter was 21.8%, compared to 21.9% in the Prior Quarter. The actual year-to-date effective tax rate and EAETR can differ as a result of certain discrete items, which