Company: EXEEZ
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000895126-25-000021
Chunk: 64

Company: EXPAND ENERGY Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 64
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 purchasers that accounted for approximately 13% and 10% of total revenues (before the effects of hedging). No other purchasers accounted for more than 10% of our total revenues during the years ended December 31, 2023 or 2022.  Accounts ReceivableAccounts receivable as of December 31, 2024 and 2023 are detailed below:

December 31, 2024December 31, 2023Natural gas, oil and NGL sales$1,028 $406 Joint interest191 180 Other18 8 Allowance for doubtful accounts(11)(1)Total accounts receivable, net$1,226 $593  

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TABLE OF CONTENTSEXPAND ENERGY CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

9.Income Taxes The components of the income tax expense (benefit) for each of the periods presented below are as follows:Years Ended December 31,202420232022CurrentFederal$(1)$264 $37 State(3)6 10 Current Income Taxes(4)270 47 DeferredFederal(178)381 (1,112)State55 47 (220)Deferred Income Taxes(123)428 (1,332)Total$(127)$698 $(1,285)The income tax expense (benefit) reported in our consolidated statement of operations is different from the federal income tax expense (benefit) computed using the federal statutory rate for the following reasons:Years Ended December 31,202420232022Income tax expense (benefit) at the federal statutory rate of 21%$(177)21.0 %$655 21.0 %$767 21.0 %State income taxes (net of federal income tax benefit)(5)0.6 %76 2.5 %45 1.2 %Deferred remeasurement due to state rate changes47 (5.6)%(20)(0.6)%30 0.8 %Change in valuation allowance due to acquisitions14 (1.7)%— — %19 0.5 %Change in valuation allowance excluding impact of acquisitions(18)2.1 %(33)(1.1)%(2,147)(58.8)%Research and development tax credits(31)3.7 %(3)(0.1)%(19)(