Company: EXEEZ
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000895126-25-000098
Chunk: 88

Company: EXPAND ENERGY Corp
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 88
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2420252024Total 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 $1,082 DD&A per Mcfe$1.10 $1.38 $1.14 $1.38 

The absolute increase in depreciation, depletion and amortization for the Current Quarter and Current Period compared to the Prior Quarter and Prior Period is primarily related to the Southwestern Merger. Depreciation, 

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depletion and amortization per Mcfe decreased during the Current Quarter and Current Period compared to the Prior Quarter and Prior Period due to lower depletion rates on wells acquired in the Southwestern Merger.

Other Operating Expense (Income), Net

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Other operating expense (income), net$(37)$22 $23 $55 

During the Current Quarter, other operating expense (income), net included favorable legal settlements of approximately $40 million. During the Prior Quarter, we recognized approximately $17 million of costs related to the Southwestern Merger, which included legal fees, consulting fees and financial advisory fees.

During the Current Period and Prior Period, we recognized approximately $53 million