Company: EXEEZ
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000895126-25-000084
Chunk: 84

Company: EXPAND ENERGY Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 84
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 during the Current Quarter and Current Period increased $102 million and $190 million compared to the Prior Quarter and Prior Period, respectively. The increases were primarily related to the Southwestern Merger and increased volumes across all of our operating areas. 

Gathering, Processing and Transportation Expenses

Three Months Ended June 30,Six Months Ended June 30,2025202420252024$/Mcfe$/Mcfe$/Mcfe$/McfeHaynesville$180 0.66 $52 0.48 $357 0.70 $116 0.48 Northeast Appalachia203 0.84 102 0.72 429 0.89 211 0.71 Southwest Appalachia180 1.27 — — 340 1.23 — — Total GP&T$563 0.86 $154 0.62 $1,126 0.89 $327 0.60 

Gathering, processing and transportation expenses during the Current Quarter and Current Period increased $409 million and $799 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 June 30,Six Months Ended June 30,2025202420252024$/Mcfe$/Mcfe$/Mcfe$/McfeHaynesville$17 0.06 $15 0.14 $31 0.06 $40 0.17 Northeast Appalachia8 0.03 3 0.02 16 0.03 7 0.02 Southwest Appalachia24 0.17 — — 50 0.18 — — Total severance and ad valorem taxes$49 0.08 $18 0.07 $97 0.08 $47 0.09 

Severance and ad valorem taxes during the Current Quarter increased $31 million compared to the Prior Quarter. The increase was primarily related to a $35 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. 

Severance and ad val