Company: EXEEZ
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000895126-25-000053
Chunk: 73

Company: EXPAND ENERGY Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 73
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30 $38 0.28 Northeast Appalachia38 0.16 21 0.14 Southwest Appalachia39 0.29 — — Total production expenses$147 0.24 $59 0.20 

Production expenses during the Current Quarter increased $88 million compared to the Prior Quarter. The increase was primarily related to the Southwestern Merger and increased volumes across all of our operating areas. 

Gathering, Processing and Transportation Expenses

Three Months Ended March 31,20252024$/Mcfe$/McfeHaynesville$177 0.75 $64 0.47 Northeast Appalachia226 0.94 109 0.70 Southwest Appalachia160 1.19 — — Total GP&T$563 0.92 $173 0.59 

Gathering, processing and transportation expenses during the Current Quarter increased $390 million compared to the Prior Quarter. The increase was primarily related to increased volumes and rates across all of our operating areas due to the Southwestern Merger.

Severance and Ad Valorem Taxes

 Three Months Ended March 31,20252024$/Mcfe$/McfeHaynesville$14 0.06 $25 0.19 Northeast Appalachia8 0.03 4 0.02 Southwest Appalachia26 0.19 — — Total severance and ad valorem taxes$48 0.08 $29 0.10 

Severance and ad valorem taxes during the Current Quarter increased $19 million compared to the Prior Quarter. The increase was primarily related to a $30 million increase due to the Southwestern Merger, which was partially offset by an $11 million decrease in Haynesville primarily due to a decrease in the statutory severance tax rates.

30

Natural Gas, Oil and NGL Derivatives

Three Months Ended March 31,20252024Natural gas derivatives - realized gains (losses)$(37)$239 Natural gas derivatives - unrealized losses(962)(88)Total gains (losses) on natural gas derivatives$(999)$151 NGL derivatives - realized losses$(8)$— NGL derivatives - unrealized losses(7)— Total losses on NGL derivatives$(15)$— Contingent consideration unrealized gains$— $21 Total gains (losses) on natural gas