Company: EXEEZ
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000895126-25-000098
Chunk: 16

Company: EXPAND ENERGY Corp
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 share data)2025202420252024Revenues and other:Natural gas, oil and NGL$1,850 $407 $6,171 $1,374 Marketing666 193 2,364 641 Natural gas, oil and NGL derivatives451 46 314 207 Gains (losses) on sales of assets(1)2 3 12 Total revenues and other2,966 648 8,852 2,234 Operating expenses:Production169 50 467 158 Gathering, processing and transportation608 152 1,734 479 Severance and ad valorem taxes48 11 145 58 Exploration3 2 30 7 Marketing659 192 2,369 656 General and administrative45 39 132 133 Separation and other termination costs5 — 5 23 Depreciation, depletion and amortization741 335 2,221 1,082 Other operating expense (income), net(37)22 23 55 Total operating expenses2,241 803 7,126 2,651 Income (loss) from operations725 (155)1,726 (417)Other income (expense):Interest expense(57)(20)(176)(59)Gains (losses) on purchases, exchanges or extinguishments of debt1 — 4 (2)Other income, net17 17 41 58 Total other income (expense)(39)(3)(131)(3)Income (loss) before income taxes686 (158)1,595 (420)Income tax expense (benefit)139 (44)329 (105)Net income (loss)$547 $(114)$1,266 $(315)Earnings (loss) per common share:Basic$2.30 $(0.85)$5.34 $(2.39)Diluted$2.28 $(0.85)$5.27 $(2.39)Weighted average common shares outstanding (in thousands):Basic238,221 133,794 236,890 131,958 Diluted239,893133,794240,373131,958

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

Table of ContentsEXPAND ENERGY CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED