Company: EXEEZ
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000895126-25-000084
Chunk: 50

Company: EXPAND ENERGY Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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$458 $— $— $458 Northeast Appalachia509 — — 509 Natural gas, oil and NGL revenue$967 $— $— $967 

Natural gas, oil and NGL sales during the Current Quarter increased $1,643 million compared to the Prior Quarter. The Southwestern Merger resulted in a $1,153 million increase during the Current Period due to increased volumes across all of our operating areas. Additionally, higher average prices, which were consistent with the upward trend in index prices for all products, drove a $402 million increase.

Natural gas, oil and NGL sales during the Current Period increased $3,354 million compared to the Prior Period. The Southwestern Merger resulted in a $2,430 million increase during the Current Period due to increased volumes across all of our operating areas. Additionally, higher average prices, which were consistent with the upward trend in index prices for all products, drove a $837 million increase.

32

Production Expenses

Three Months Ended June 30,Six Months Ended June 30,2025202420252024$/Mcfe$/Mcfe$/Mcfe$/McfeHaynesville$67 0.25 $30 0.28 $137 0.27 $68 0.28 Northeast Appalachia37 0.15 19 0.14 75 0.15 40 0.14 Southwest Appalachia47 0.33 — — 86 0.31 — — Total production expenses$151 0.23 $49 0.20 $298 0.24 $108 0.20 

Production expenses 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