Company: EXEEZ
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000895126-25-000084
Chunk: 46

Company: EXPAND ENERGY Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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, we currently expect to complete and turn in line 250 to 280 gross wells utilizing approximately 11 to 13 rigs and plan to invest between approximately $2.85 – $3.0 billion in capital expenditures. We currently plan to fund our 2025 capital program through cash on hand, expected cash flow from our operations and borrowings under our Credit Facility. We may alter or change our plans with respect to our capital program and expected capital expenditures based on developments in our business, our financial position, our industry or any of the markets in which we operate. 

Sources and (Uses) of Cash and Cash Equivalents

The following table presents the sources and uses of our cash and cash equivalents for the periods presented:

Six Months Ended June 30, 20252024Cash provided by operating activities$2,418 $761 Proceeds from divestitures of property and equipment15 12 Receipts of deferred consideration116 116 Proceeds from warrant exercise22 1 Capital expenditures(1,220)(723)Contributions to investments(9)(45)Cash paid to purchase debt(553)— Cash paid to repurchase and retire common stock(99)— Cash paid for common stock dividends(279)(176)Debt issuance and other financing costs— (4)Net increase (decrease) in cash, cash equivalents and restricted cash$411 $(58)

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Cash Flow from Operating Activities 

Cash provided by operating activities was $2,418 million and $761 million during the Current Period and Prior Period, respectively. The increase during the Current Period is primarily due to increased sales volumes, including those related to the Southwestern Merger, as well as higher prices for the natural gas, oil and NGL we sold. Cash flows from operations are largely affected by the same factors that affect our net income (loss), excluding various non-cash items, such as depreciation, depletion and amortization, certain impairments, gains or losses on sales of assets, deferred income taxes and mark-to-market changes in our open derivative instruments. See further discussion below under Results of Operations.

Receipts of Deferred Consideration

During both the Current Period and Prior Period, we received $116 million in deferred consideration associated with our Eagle Ford divestiture transactions. See Note 2 of the notes to our condensed consolidated financial statements included in Item 1 of Part I of this report for further discussion.

Capital Expenditures

Our capital expenditures increased during the Current Period compared to the Prior Period,