Company: EXEEZ
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000895126-25-000053
Chunk: 14

Company: EXPAND ENERGY Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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venues and other:Natural gas, oil and NGL$2,300 $589 Marketing910 312 Natural gas, oil and NGL derivatives(1,014)172 Gains on sales of assets— 8 Total revenues and other2,196 1,081 Operating expenses:Production147 59 Gathering, processing and transportation563 173 Severance and ad valorem taxes48 29 Exploration7 2 Marketing919 323 General and administrative47 47 Depreciation, depletion and amortization711 399 Other operating expense, net22 17 Total operating expenses2,464 1,049 Income (loss) from operations(268)32 Other income (expense):Interest expense(59)(19)Other income, net8 20 Total other income (expense)(51)1 Income (loss) before income taxes(319)33 Income tax expense (benefit)(70)7 Net income (loss)$(249)$26 Earnings (loss) per common share:Basic$(1.06)$0.20 Diluted$(1.06)$0.18 Weighted average common shares outstanding (in thousands):Basic234,434 130,893 Diluted234,434141,752

The accompanying notes are an integral part of these condensed consolidated financial statements.6

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

Three Months Ended March 31,($ in millions)20252024Cash flows from operating activities:Net income (loss)$(249)$26 Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation, depletion and amortization711 399 Deferred income tax expense (benefit)(37)7 Derivative (gains) losses, net1,014 (172)Cash receipts (payments) on derivative settlements, net(45)228 Share-based compensation9 9 Gains on sales of assets— (8)Contract amortization(52)— Other(4)(13)Changes in assets and liabilities(251)76 Net cash provided by operating activities1,096552Cash flows from investing activities:Capital expenditures(563)(421)Receipts of deferred consideration60 60 Contributions to investments(4)(19)Proceeds from divestitures