Company: EXEEZ
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000895126-25-000098
Chunk: 52

Company: EXPAND ENERGY Corp
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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(145)175 (495)Total gains on natural gas derivatives$450 $61 $310 $201 Oil derivatives - realized gains$2 $— $4 $— Oil derivatives - unrealized losses(2)— (1)— Total gains on oil derivatives$— $— $3 $— NGL derivatives - realized gains (losses)$2 $— $(7)$— NGL derivatives - unrealized gains (losses)(1)— 8 — Total gains on NGL derivatives$1 $— $1 $— Contingent consideration unrealized gains (losses)$— $(15)$— $6 Total gains on natural gas, oil and NGL derivatives$451 $46 $314 $207 

See Note 11 of the notes to our condensed consolidated financial statements included in Item 1 of Part I of this report for a discussion of our derivative activity.

General and Administrative Expenses

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Total G&A, net$45 $39 $132 $133 G&A, net per Mcfe$0.07 $0.16 $0.07 $0.17 

Total general and administrative expenses, net during the Current Quarter increased compared to the Prior Quarter due to the increase in employee compensation and benefits as a result of the Southwestern Merger, which was partially offset by increases in allocations and reimbursements due to increased drilling and production activity. Total general and administrative expenses, net during the Current Period decreased compared to the Prior Period as the increase in employee compensation and benefits, as a result of the Southwestern Merger, was offset by a corresponding increase in allocations and reimbursements due to increased drilling and production activity.

The per unit decreases in total general and administrative expenses, net during the Current Quarter and Current Period are due to increased production volumes as a result of the Southwestern Merger. 

Separation and Other Termination Costs

During the Current Period and Prior Period, we recognized $5 million and $23 million, respectively, of separation and other termination costs related to one-time termination benefits for certain employees.

Depreciation, Depletion and Amortization

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024DD&A$741 $335 $2,221 $