Company: EXEEZ
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000895126-25-000084
Chunk: 16

Company: EXPAND ENERGY Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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($ in millions, except per share data)June 30, 2025December 31, 2024AssetsCurrent assets:Cash and cash equivalents$731 $317 Restricted cash75 78 Accounts receivable, net1,074 1,226 Derivative assets46 84 Other current assets346 292 Total current assets2,2721,997Property and equipment:Natural gas and oil properties, successful efforts methodProved natural gas and oil properties24,755 23,093 Unproved properties5,563 5,897 Other property and equipment679 654 Total property and equipment30,997 29,644 Less: accumulated depreciation, depletion and amortization(6,825)(5,362)Total property and equipment, net24,172 24,282 Long-term derivative assets13 1 Deferred income tax assets457 589 Other long-term assets854 1,025 Total assets$27,768 $27,894 Liabilities and stockholders' equityCurrent liabilities:Accounts payable$747 $777 Current maturities of long-term debt, net— 389 Accrued interest107 100 Derivative liabilities155 71 Other current liabilities1,915 1,786 Total current liabilities2,924 3,123 Long-term debt, net5,122 5,291 Long-term derivative liabilities85 68 Asset retirement obligations, net of current portion513 499 Long-term contract liabilities1,083 1,227 Other long-term liabilities104 121 Total liabilities9,831 10,329 Contingencies and commitments (Note 5)Stockholders' equity:Common stock, $0.01 par value, 450,000,000 shares authorized: 237,437,223 and 231,769,886 shares issued2 2 Additional paid-in capital13,716 13,687 Retained earnings4,219 3,876 Total stockholders' equity17,937 17,565 Total liabilities and stockholders' equity$27,768 $27,894 

The accompanying notes are an integral part of these condensed consolidated financial statements.5

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

Three Months Ended June 30,Six Months Ended June 30,($ in millions, except per