Company: EXEEZ
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000895126-25-000098
Chunk: 51

Company: EXPAND ENERGY Corp
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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.48 $568 0.71 $165 0.48 Northeast Appalachia201 0.85 103 0.73 630 0.88 314 0.72 Southwest Appalachia196 1.36 — — 536 1.27 — — Total GP&T$608 0.90 $152 0.62 $1,734 0.89 $479 0.61 

Gathering, processing and transportation expenses during the Current Quarter and Current Period increased $456 million and $1,255 million compared to the Prior Quarter and Prior Period, respectively. These increases were primarily related to increased volumes and rates across all of our operating areas due to the Southwestern Merger.

Severance and Ad Valorem Taxes

 Three Months Ended September 30,Nine Months Ended September 30,2025202420252024$/Mcfe$/Mcfe$/Mcfe$/McfeHaynesville$18 0.06 $8 0.07 $49 0.06 $48 0.14 Northeast Appalachia8 0.03 3 0.02 24 0.03 10 0.02 Southwest Appalachia22 0.15 — — 72 0.17 — — Total severance and ad valorem taxes$48 0.07 $11 0.04 $145 0.07 $58 0.07 

Severance and ad valorem taxes during the Current Quarter increased $37 million compared to the Prior Quarter. The increase was primarily related to the Southwestern Merger, which impacted each of our operating areas. 

Severance and ad valorem taxes during the Current Period increased $87 million compared to the Prior Period. The increase was primarily related to a $97 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.

35

Natural Gas, Oil and NGL Derivatives

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Natural gas derivatives - realized gains$138 $206 $135 $696 Natural gas derivatives - unrealized gains (losses)312