Company: EXEEZ
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000895126-25-000021
Chunk: 22

Company: EXPAND ENERGY Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 22
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TABLE OF CONTENTS

Item 8.Financial Statements and Supplementary Data

INDEX TO FINANCIAL STATEMENTSEXPAND ENERGY CORPORATION AND SUBSIDIARIESPageReport of Independent Registered Public Accounting Firm (PCAOB ID 238) 72Consolidated Financial Statements: Consolidated Balance Sheets 75Consolidated Statements of Operations 76Consolidated Statements of Cash Flows77Consolidated Statements of Stockholders’ Equity 78Notes to the Consolidated Financial Statements:Note 1.   Basis of Presentation and Summary of Significant Accounting Policies79Note 2.   Natural Gas and Oil Property Transactions85Note 3.   Earnings Per Share  90Note 4.   Debt91Note 5.   Contingencies and Commitments96Note 6.   Other Liabilities98Note 7.   Leases98Note 8.  Revenue100Note 9.  Income Taxes102Note 10.  Equity106Note 11.  Share-Based Compensation109Note 12.  Employee Benefit Plans111Note 13.  Derivative and Hedging Activities111Note 14.  Other Property and Equipment114Note 15.  Investments114Note 16.   Asset Retirement Obligations115Note 17.   Supplemental Cash Flow Information115Note 18.   Segment Information116Supplementary Information:Supplemental Disclosures About Natural Gas, Oil and NGL Producing Activities (unaudited)117

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Report of Independent Registered Public Accounting Firm

To the Board of Directors and Stockholders of Expand Energy Corporation

Opinions on the Financial Statements and Internal Control over Financial Reporting

We have audited the accompanying consolidated balance sheets of Expand Energy Corporation and its subsidiaries (the "Company") as of December 31, 2024 and 2023, and the related consolidated statements of operations, of stockholders’ equity and of cash flows for each of the three years in the period ended December 31, 2024, including the related notes (collectively referred to as the "consolidated financial statements"). We also have audited the Company's internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of