Company: EXEEZ
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000895126-25-000084
Chunk: 85

Company: EXPAND ENERGY Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 85
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orem 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 (losses) on natural gas derivatives$859 $(11)$(140)$140 Oil derivatives - realized gains$2 $— $2 $— Oil derivatives - unrealized gains1 — 1 — Total gains on oil derivatives$3 $— $3 $— NGL derivatives - realized losses$(1)$— $(9)$— NGL derivatives - unrealized gains16 — 9 — Total gains on NGL derivatives$15 $— $— $— Contingent consideration unrealized gains$— $— $— $21 Total gains (losses) on natural gas, oil and NGL derivatives$877 $(11)$(137)$161 

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 June 30,Six Months Ended June 30,2025202420252024Total G&A, net$40 $47 $87 $94 G&A, net per Mcfe$0.06 $0.19 $0.07 $0.17 

Total general and administrative expenses, net during the Current Quarter and Current Period decreased compared to the Prior Quarter and Prior Period, respectively, 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 Mer