Company: EXEEZ
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000895126-25-000021
Chunk: 82

Company: EXPAND ENERGY Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 82
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, processing and transportation expense, severance and ad valorem taxes and general and administrative expense, which are our significant segment expenses. Other segment items primarily consist of depreciation, depletion and amortization, marketing expense, interest expense and income tax expense (benefit). Our significant segment expenses and other segment items are derived from, and can be found within the consolidated statements of operations.The measure of segment assets is total assets as reported on our consolidated balance sheets, and as of December 31, 2024 and 2023 our total assets were $27,894 million and $14,376 million, respectively. Additionally, in analyzing company performance, our CODM reviews capital expenditures. During the years ended December 31, 2024, 2023 and 2022, our capital expenditures were $1,529 million, $1,782 million and $1,936 million, respectively. During the years ended December 31, 2024, 2023 and 2022, we contributed approximately $58 million, $220 million and $18 million, respectively, to equity method investments, which primarily consisted of our investment with Momentum Sustainable Ventures LLC. Additional discussion around our investment with Momentum Sustainable Ventures LLC is in Note 15. Our interest revenue during the years ended December 31, 2024, 2023 and 2022 was $45 million, $29 million and $1 million, respectively.

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TABLE OF CONTENTSEXPAND ENERGY CORPORATION AND SUBSIDIARIESSUPPLEMENTARY INFORMATION

Supplemental Disclosures About Natural Gas, Oil and NGL Producing Activities (unaudited)Net Capitalized CostsCapitalized costs related to our natural gas, oil and NGL producing activities are summarized as follows:December 31, 2024December 31, 2023Natural gas and oil properties:Proved$23,093 $11,468 Unproved5,897 1,806 Total28,990 13,274 Less accumulated depreciation, depletion and amortization(5,235)(3,584)Net capitalized costs$23,755 $9,690 Unproved properties as of December 31, 2024 consisted mainly of leasehold acquired through our Southwestern Merger in 2024 and Marcellus Acquisition in 2022 and unproved properties as of December 31, 2023, consisted mainly of leasehold acquired through our Marcellus Acquisition in 2022. We will