Company: EXEEZ
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000895126-25-000084
Chunk: 52

Company: EXPAND ENERGY Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 52
---
es) on natural gas derivatives$859 $(11)$(140)$140 Oil derivatives - realized gains$2 $— $2 $— Oil derivatives - unrealized gains1 — 1 — Total gains on oil derivatives$3 $— $3 $— NGL derivatives - realized losses$(1)$— $(9)$— NGL derivatives - unrealized gains16 — 9 — Total gains on NGL derivatives$15 $— $— $— Contingent consideration unrealized gains$— $— $— $21 Total gains (losses) on natural gas, oil and NGL derivatives$877 $(11)$(137)$161 

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 June 30,Six Months Ended June 30,2025202420252024Total G&A, net$40 $47 $87 $94 G&A, net per Mcfe$0.06 $0.19 $0.07 $0.17 

Total general and administrative expenses, net during the Current Quarter and Current Period decreased compared to the Prior Quarter and Prior Period, respectively, as the increase in employee compensation and benefits, as a result of the Southwestern Merger, was offset by a corresponding increase in allocations and reimbursements due to increased drilling and production activity. The per unit decreases in total general and administrative expenses, net during the Current Quarter and Current Period are due to increased production volumes as a result of the Southwestern Merger. 

Separation and Other Termination Costs

During the Prior Period, we recognized $23 million of separation and other termination costs related to one-time termination benefits for certain employees.

Depreciation, Depletion and Amortization

Three Months Ended June 30,Six Months Ended June 30,2025202420252024DD&A$769 $348 $1,480 $747 DD&A per Mcfe$1.17 $1.39 $1.17 $1.38 

The absolute increase in depreciation, depletion and amortization for the Current Quarter and Current Period compared to the Prior Quarter and Prior Period is primarily related to the Southwestern Merger. Depreciation, depletion and amortization