Company: EXEEZ
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000895126-25-000098
Chunk: 87

Company: EXPAND ENERGY Corp
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 87
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48 0.14 Northeast Appalachia8 0.03 3 0.02 24 0.03 10 0.02 Southwest Appalachia22 0.15 — — 72 0.17 — — Total severance and ad valorem taxes$48 0.07 $11 0.04 $145 0.07 $58 0.07 

Severance and ad valorem taxes during the Current Quarter increased $37 million compared to the Prior Quarter. The increase was primarily related to the Southwestern Merger, which impacted each of our operating areas. 

Severance and ad valorem taxes during the Current Period increased $87 million compared to the Prior Period. The increase was primarily related to a $97 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.

35

Natural Gas, Oil and NGL Derivatives

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Natural gas derivatives - realized gains$138 $206 $135 $696 Natural gas derivatives - unrealized gains (losses)312 (145)175 (495)Total gains on natural gas derivatives$450 $61 $310 $201 Oil derivatives - realized gains$2 $— $4 $— Oil derivatives - unrealized losses(2)— (1)— Total gains on oil derivatives$— $— $3 $— NGL derivatives - realized gains (losses)$2 $— $(7)$— NGL derivatives - unrealized gains (losses)(1)— 8 — Total gains on NGL derivatives$1 $— $1 $— Contingent consideration unrealized gains (losses)$— $(15)$— $6 Total gains on natural gas, oil and NGL derivatives$451 $46 $314 $207 

See Note 11 of the notes to our condensed consolidated financial statements included in Item 1 of Part I of this report for a discussion of our derivative activity.

General and Administrative Expenses

Three Months Ended September 30,Nine Months Ended September 30,202520