Company: EXEEZ
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000895126-25-000098
Chunk: 30

Company: EXPAND ENERGY Corp
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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audited)

Other CommitmentsAs part of our normal course of business, we enter into various agreements providing, or otherwise arranging for, financial or performance assurances to third parties on behalf of our wholly owned guarantor subsidiaries. These agreements may include future payment obligations or commitments regarding operational performance that effectively guarantee our subsidiaries’ future performance.In connection with acquisitions and divestitures, our purchase and sale agreements generally provide indemnification to the counterparty for liabilities incurred as a result of a breach of a representation or warranty by the indemnifying party and/or other specified matters. These indemnifications generally have a discrete term and are intended to protect the parties against risks that are difficult to predict or cannot be quantified at the time of entering into or consummating a particular transaction. For divestitures of natural gas and oil properties, our purchase and sale agreements may require the return of a portion of the proceeds we receive as a result of uncured title or environmental defects.While executing our strategic priorities, we have incurred certain cash charges, including contract termination charges, financing extinguishment costs and charges for unused natural gas transportation and gathering capacity.

6.Other Current LiabilitiesOther current liabilities as of September 30, 2025 and December 31, 2024 are detailed below:September 30, 2025December 31, 2024Revenues and royalties due to others$808 $734 Accrued drilling and production costs367 296 Contract liabilities260 284 Accrued compensation and benefits84 124 Taxes payable169 142 Operating leases63 71 Joint interest prepayments received11 13 Other105 122 Total other current liabilities$1,867 $1,786 

7.RevenueThe following tables show revenue disaggregated by operating area and product type:Three Months Ended September 30, 2025Natural GasOilNGLTotalHaynesville$826 $— $— $826 Northeast Appalachia538 — — 538 Southwest Appalachia233 86 167 486 Natural gas, oil and NGL revenue$1,597 $86 $167 $1,850 Marketing revenue$599 $34 $33 $666 

17

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

Three Months Ended September 30, 2024Natural GasOilN