Company: EXEEZ
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000895126-25-000098
Chunk: 15

Company: EXPAND ENERGY Corp
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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($ in millions, except per share data)September 30, 2025December 31, 2024AssetsCurrent assets:Cash and cash equivalents$613 $317 Restricted cash78 78 Accounts receivable, net1,026 1,226 Derivative assets157 84 Other current assets367 292 Total current assets2,2411,997Property and equipment:Natural gas and oil properties, successful efforts methodProved natural gas and oil properties25,577 23,093 Unproved properties5,516 5,897 Other property and equipment702 654 Total property and equipment31,795 29,644 Less: accumulated depreciation, depletion and amortization(7,559)(5,362)Total property and equipment, net24,236 24,282 Long-term derivative assets10 1 Deferred income tax assets273 589 Other long-term assets846 1,025 Total assets$27,606 $27,894 Liabilities and stockholders' equityCurrent liabilities:Accounts payable$830 $777 Current maturities of long-term debt, net— 389 Accrued interest57 100 Derivative liabilities12 71 Other current liabilities1,867 1,786 Total current liabilities2,766 3,123 Long-term debt, net5,010 5,291 Long-term derivative liabilities27 68 Asset retirement obligations, net of current portion525 499 Long-term contract liabilities1,027 1,227 Other long-term liabilities101 121 Total liabilities9,456 10,329 Contingencies and commitments (Note 5)Stockholders' equity:Common stock, $0.01 par value, 450,000,000 shares authorized: 238,150,070 and 231,769,886 shares issued2 2 Additional paid-in capital13,733 13,687 Retained earnings4,415 3,876 Total stockholders' equity18,150 17,565 Total liabilities and stockholders' equity$27,606 $27,894 

The accompanying notes are an integral part of these condensed consolidated financial statements.5

Table of ContentsEXPAND ENERGY CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

Three Months Ended September 30,Nine Months Ended September 30,($ in millions, except per