Company: EXEEZ
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000895126-25-000084
Chunk: 17

Company: EXPAND ENERGY Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 share data)2025202420252024Revenues and other:Natural gas, oil and NGL$2,021 $378 $4,321 $967 Marketing788 136 1,698 448 Natural gas, oil and NGL derivatives877 (11)(137)161 Gains on sales of assets4 2 4 10 Total revenues and other3,690 505 5,886 1,586 Operating expenses:Production151 49 298 108 Gathering, processing and transportation563 154 1,126 327 Severance and ad valorem taxes49 18 97 47 Exploration20 3 27 5 Marketing791 141 1,710 464 General and administrative40 47 87 94 Separation and other termination costs— 23 — 23 Depreciation, depletion and amortization769 348 1,480 747 Other operating expense, net38 16 60 33 Total operating expenses2,421 799 4,885 1,848 Income (loss) from operations1,269 (294)1,001 (262)Other income (expense):Interest expense(60)(20)(119)(39)Gains (losses) on purchases, exchanges or extinguishments of debt3 (2)3 (2)Other income, net16 21 24 41 Total other income (expense)(41)(1)(92)— Income (loss) before income taxes1,228 (295)909 (262)Income tax expense (benefit)260 (68)190 (61)Net income (loss)$968 $(227)$719 $(201)Earnings (loss) per common share:Basic$4.07 $(1.73)$3.04 $(1.53)Diluted$4.02 $(1.73)$2.99 $(1.53)Weighted average common shares outstanding (in thousands):Basic237,973 131,168 236,213 131,030 Diluted240,560131,168240,628131,030

The accompanying notes are an integral part of these condensed consolidated financial statements.6

Table of ContentsEXPAND ENERGY CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited