Company: EXEEZ
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000895126-25-000084
Chunk: 51

Company: EXPAND ENERGY Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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1.27 — — 340 1.23 — — Total GP&T$563 0.86 $154 0.62 $1,126 0.89 $327 0.60 

Gathering, processing and transportation expenses during the Current Quarter and Current Period increased $409 million and $799 million compared to the Prior Quarter and Prior Period, respectively. These increases were primarily related to increased volumes and rates across all of our operating areas due to the Southwestern Merger.

Severance and Ad Valorem Taxes

 Three Months Ended June 30,Six Months Ended June 30,2025202420252024$/Mcfe$/Mcfe$/Mcfe$/McfeHaynesville$17 0.06 $15 0.14 $31 0.06 $40 0.17 Northeast Appalachia8 0.03 3 0.02 16 0.03 7 0.02 Southwest Appalachia24 0.17 — — 50 0.18 — — Total severance and ad valorem taxes$49 0.08 $18 0.07 $97 0.08 $47 0.09 

Severance and ad valorem taxes during the Current Quarter increased $31 million compared to the Prior Quarter. The increase was primarily related to a $35 million increase due to the Southwestern Merger, which impacted each of our operating areas. The increase due to the Southwestern Merger was partially offset by a decrease in Haynesville statutory severance tax rates, which resulted in a per unit decrease. 

Severance and ad valorem taxes during the Current Period increased $50 million compared to the Prior Period. The increase was primarily related to a $65 million increase due to the Southwestern Merger, which impacted each of our operating areas. The increase due to the Southwestern Merger was partially offset by a decrease in Haynesville statutory severance tax rates, which resulted in a per unit decrease.

33

Natural Gas, Oil and NGL Derivatives

Three Months Ended June 30,Six Months Ended June 30,2025202420252024Natural gas derivatives - realized gains (losses)$34 $251 $(3)$490 Natural gas derivatives - unrealized gains (losses)825 (262)(137)(350)Total gains (loss