Company: EXEEZ
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000895126-25-000098
Chunk: 33

Company: EXPAND ENERGY Corp
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 tax year. Based upon our book income in the past three years, we believe we are subject to the CAMT. The CAMT will result in incremental taxes to the extent that 15% of our adjusted book earnings exceeds our regular federal tax liability. We currently project that we will pay the CAMT in 2025.On July 4, 2025, the current Presidential Administration signed into law the One Big Beautiful Bill Act (the “OBBBA”). This bill restores 100% bonus depreciation for property acquired and placed into service after January 19, 2025, restores the immediate expensing of research expenditures, and provides for parity between the treatment of intangible drilling costs and depreciation for purposes of the CAMT. The enactment of the OBBBA did not impact beginning of the year deferred tax balances, as there was no change in the applicable tax rate. However, the OBBBA and its provisions contributed to a reduction in the Company’s expected current tax expense and is expected to have a material reduction to tax expense in future years.

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Table of ContentsEXPAND ENERGY CORPORATION AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)(Unaudited)

9.EquityDividendsThe table below presents dividends during the Current Period and Prior Period:BaseVariableRate Per ShareTotal2025:First Quarter$0.575 $— $0.575 $138 Second Quarter$0.575 $— $0.575 $138 Third Quarter$0.575 $0.89 $1.465 $351 2024:First Quarter$0.575 $— $0.575 $77 Second Quarter$0.575 $0.14 $0.715 $95 Third Quarter$0.575 $— $0.575 $78 On October 28, 2025, we declared a base quarterly dividend payable of $0.575 per share, which will be paid on December 4, 2025 to stockholders of record at the close of business on November 13, 2025. Share RepurchasesOn October 22, 2024, our Board of Directors authorized repurchases of up to $1.0 billion, in aggregate, of the Company’s common stock and/or warrants under a share repurchase program. During the Current Period, we repurchased 0.9