What is Expand Energy Corporation's earnings per share (EPS)?

Expand Energy Corporation (EXE) reported diluted earnings per share of $7.57 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Expand Energy Corporation (EXE) Financials

EXE

Trailing 12 months to June 30, 2026

Revenue $13.6B +59.3% YoY

Net Income $2.8B +1250.0% YoY

EPS (Diluted) $11.58 +23260.0% YoY

Free Cash Flow $2.7B +129.4% YoY

Market Cap $21.6B as of Oct 19, 2026

Price / Sales 1.6x on $13.6B revenue, trailing 12 months to June 30, 2026

Price / Earnings 7.8x on $2.8B net income, trailing 12 months to June 30, 2026

Price / Book 1.1x on $19.4B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 19, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 28, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the EXE SEC filings page.

Expand Energy Corporation (EXE) reported $13.6B in revenue over the twelve months to Jun 30, 2026, up 59.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI EXE FY2025 2026-10-03

After a sharp FY2024 setback, FY2025 shows a capital-heavy business rebuilding earnings while reinvestment still absorbs much of its cash.

FY2025 cash conversion was real: operating cash flow exceeded net income by about 2.5x, yet free cash flow margin was only 15.2% because capital spending absorbed much of the operating inflow. That pairing means reported earnings became cash, but maintaining or expanding the asset base remains a substantial use of it.

Operating margin swung from -19.0% in FY2024 to 20.4% in FY2025, reversing the prior-year loss-making profile. Even after that recovery, FY2025 remained below FY2023’s 36.0% margin, so the rebound restores profitability without yet matching the earlier operating peak.

Debt-to-equity was 0.3x in FY2025 versus 0.4x in FY2021, so the larger asset base was not accompanied by proportionately heavier leverage. But the current ratio was 1.0x, indicating that near-term assets only narrowly covered near-term obligations; the balance sheet is less debt-loaded than liquidity-rich.

Financial Health Signals

Financial Health Score 55/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Expand Energy Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Expand Energy Corporation has an operating margin of 20.4%, meaning the company retains $20 of operating profit per $100 of revenue. This results in a moderate score of 41/100, indicating healthy but not exceptional operating efficiency. This is up from -19.0% the prior year.

Growth

Expand Energy Corporation's revenue surged 186.3% year-over-year to $12.1B, reflecting rapid business expansion. This strong growth earns a score of 80/100.

Leverage

Expand Energy Corporation has a moderate D/E ratio of 0.27. This balance of debt and equity financing earns a leverage score of 51/100.

Liquidity

Expand Energy Corporation's current ratio of 1.01 indicates adequate short-term liquidity, earning a score of 33/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Expand Energy Corporation converts 15.2% of revenue into free cash flow ($1.8B). This strong cash generation earns a score of 70/100.

Returns

Expand Energy Corporation's ROE of 9.8% shows moderate profitability relative to equity, earning a score of 53/100. This is up from -4.1% the prior year.

Altman Z-Score Grey Zone

2.29

Expand Energy Corporation scores 2.29, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($21.6B) relative to total liabilities ($9.7B). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

7/8

Expand Energy Corporation passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.52x

For every $1 of reported earnings, Expand Energy Corporation generates $2.52 in operating cash flow ($4.6B OCF vs $1.8B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

10.51x

Expand Energy Corporation earns $10.51 in operating income for every $1 of interest expense ($2.5B vs $235.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.0B

YoY-19.8%

QoQ-32.7%

5Y CAGR+33.7%

10Y CAGR+6.2%

Expand Energy Corporation generated $3.0B in revenue in Q2 2026. This represents a decrease of 19.8% from the same quarter a year earlier. Against the prior quarter it is down 32.7%.

EBITDA

$1.4B

YoY-32.1%

QoQ-38.3%

Expand Energy Corporation's EBITDA was $1.4B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 32.1% from the same quarter a year earlier. Against the prior quarter it is down 38.3%.

Net Income

$522.0M

YoY-46.1%

QoQ-55.0%

Expand Energy Corporation reported $522.0M in net income in Q2 2026. This represents a decrease of 46.1% from the same quarter a year earlier. Against the prior quarter it is down 55.0%.

EPS (Diluted)

$2.19

YoY-45.5%

QoQ-54.5%

Expand Energy Corporation earned $2.19 per diluted share (EPS) in Q2 2026. This represents a decrease of 45.5% from the same quarter a year earlier. Against the prior quarter it is down 54.5%.

Cash & Balance Sheet

Free Cash Flow

$343.0M

YoY-48.4%

QoQ-79.8%

5Y CAGR+7.0%

Expand Energy Corporation generated $343.0M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 48.4% from the same quarter a year earlier. Against the prior quarter it is down 79.8%.

Cash & Debt

$663.0M

YoY-9.3%

QoQ-70.1%

5Y CAGR+1.6%

10Y CAGR+66.7%

Expand Energy Corporation held $663.0M in cash against $3.7B in long-term debt as of Q2 2026.

Shares Outstanding

232M

YoY-2.8%

QoQ-3.2%

5Y CAGR+18.7%

10Y CAGR-11.4%

Expand Energy Corporation had 232M shares outstanding in Q2 2026. This represents a decrease of 2.8% from the same quarter a year earlier. Against the prior quarter it is down 3.2%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Operating Margin

22.3%

YoY-12.1pp

QoQ-12.5pp

5Y change+84.4pp

Expand Energy Corporation's operating margin was 22.3% in Q2 2026, reflecting core business profitability. This is down 12.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 12.5 percentage points.

Net Margin

17.6%

YoY-8.6pp

QoQ-8.7pp

5Y change+81.0pp

Expand Energy Corporation's net profit margin was 17.6% in Q2 2026, showing the share of revenue converted to profit. This is down 8.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.7 percentage points.

Return on Equity

2.7%

YoY-2.7pp

QoQ-3.2pp

5Y change+15.6pp

Expand Energy Corporation's ROE was 2.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.2 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$514.0M

YoY+419.2%

QoQ+678.8%

Expand Energy Corporation spent $514.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 419.2% from the same quarter a year earlier. Against the prior quarter it is up 678.8%.

Capital Expenditures

$753.0M

YoY+14.6%

QoQ+6.5%

5Y CAGR+38.3%

Expand Energy Corporation invested $753.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 14.6% from the same quarter a year earlier. Against the prior quarter it is up 6.5%.

R&D Spending

Not reported for Q2 2026.

EXE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

EXE quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$13.6B	$12.1B+186.3%	$4.2B-51.4%	$8.7B-25.7%	$11.7B+111.6%	$5.5B+5.9%	$5.2B-38.6%	$8.5B-14.9%	$10.0B-0.1%	$10.0B+15.3%	$8.7B-31.8%	$12.8B-44.8%	$23.1B+21.2%	$19.1B+54.9%	$12.3B+5.9%	$11.6B
SG&A Expenses	$207.0M	$181.0M-2.7%	$186.0M+46.5%	$127.0M-10.6%	$142.0M+46.4%	$97.0M-63.7%	$267.0M-15.2%	$315.0M-6.0%	$335.0M+0.6%	$333.0M+3.4%	$322.0M+37.0%	$235.0M-27.0%	$322.0M-29.5%	$457.0M-14.6%	$535.0M-2.4%	$548.0M
Operating Income	$3.7B	$2.5B+407.7%	-$803.0M-125.6%	$3.1B-16.9%	$3.8B+303.0%	$938.0M+110.8%	-$8.7B-27974.2%	-$31.0M-108.1%	$382.0M+376.8%	-$138.0M+95.8%	-$3.3B+82.8%	-$18.9B-644.1%	$3.5B+68.1%	$2.1B+222.1%	-$1.7B-158.0%	$2.9B
EBITDA	N/A	$5.5B+488.7%	$926.0M-80.2%	$4.7B-15.6%	$5.5B+198.0%	$1.9B+124.4%	-$7.6B-440.6%	$2.2B+5.4%	$2.1B+35.9%	$1.6B+200.1%	-$1.6B+90.7%	-$16.7B-361.1%	$6.4B+28.6%	$5.0B+345.1%	$1.1B-76.9%	$4.8B
Interest Expense	$218.0M	$235.0M+91.1%	$123.0M+18.3%	$104.0M-35.0%	$160.0M+119.2%	$73.0M-77.9%	$331.0M-49.2%	$651.0M+2.8%	$633.0M+5.3%	$601.0M+13.8%	$528.0M+66.6%	$317.0M+256.2%	$89.0M-60.8%	$227.0M+194.8%	$77.0M+75.0%	$44.0M
Income Tax	$753.0M	$463.0M+464.6%	-$127.0M-118.2%	$698.0M+154.3%	-$1.3B-2522.4%	-$49.0M-157.9%	-$19.0M+94.3%	-$331.0M-3210.0%	-$10.0M-600.0%	$2.0M+101.1%	-$190.0M+95.7%	-$4.5B-490.1%	$1.1B+108.8%	$548.0M+244.2%	-$380.0M-133.8%	$1.1B
Net Income	$2.8B	$1.8B+354.8%	-$714.0M-129.5%	$2.4B-51.0%	$4.9B-22.0%	$6.3B+165.0%	-$9.7B-3060.4%	-$308.0M-236.3%	$226.0M+144.8%	-$505.0M+85.5%	-$3.5B+76.0%	-$14.6B-859.9%	$1.9B+164.8%	$724.0M+194.1%	-$769.0M-144.1%	$1.7B
EPS (Basic)	N/A	$7.67+268.6%	-$4.55-125.0%	$18.21-53.0%	$38.71+316.7%	$9.29+100.9%	-$998.26-1897.7%	-$49.97-270.8%	$29.26+121.0%	-$139.32-2548.7%	-$5.26+76.4%	-$22.26-1253.4%	$1.93+164.4%	$0.73+150.0%	-$1.46-159.1%	$2.47
EPS (Diluted)	$11.58	$7.57	-$4.55-126.9%	$16.92-49.3%	$33.36	$8.12	-$998.26	-$49.97-270.8%	$29.26	-$139.32	-$5.26+76.4%	-$22.26	$1.87+156.2%	$0.73	-$1.46-162.9%	$2.32
Diluted Shares (Avg)	N/A	240M	157M+9.8%	143M-2.0%	146M	116M	10M	8M+83.1%	5M	5M	764M+15.4%	662M	772M+18.2%	653M	643M-14.5%	752M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$3.0B-19.8%	$4.4B+100.2%	$3.3B+63.5%	$3.0B+357.7%	$3.7B+630.7%	$2.2B+103.1%	$2.0B+2.7%	$648.0M-57.1%
SG&A Expenses	$50.0M+25.0%	$63.0M+34.0%	$49.0M-7.5%	$45.0M+15.4%	$40.0M-14.9%	$47.0M0.0%	$53.0M+65.6%	$39.0M+34.5%
Operating Income	$661.0M-47.9%	$1.5B+671.3%	$745.0M+293.0%	$725.0M+567.7%	$1.3B+531.6%	-$268.0M-937.5%	-$386.0M-153.2%	-$155.0M-296.2%
EBITDA	$1.4B-32.1%	$2.2B+406.1%	$1.5B+476.2%	$1.5B+714.4%	$2.0B+3674.1%	$443.0M+2.8%	$261.0M-76.4%	$180.0M-61.0%
Interest Expense	$43.0M-28.3%	$59.0M0.0%	$59.0M-7.8%	$57.0M+185.0%	$60.0M+200.0%	$59.0M+210.5%	$64.0M+190.9%	$20.0M-13.0%
Income Tax	$150.0M-42.3%	$330.0M+571.4%	$134.0M+709.1%	$139.0M+415.9%	$260.0M+482.4%	-$70.0M-1100.0%	-$22.0M-113.3%	-$44.0M-4500.0%
Net Income	$522.0M-46.1%	$1.2B+565.5%	$553.0M+238.6%	$547.0M+579.8%	$968.0M+526.4%	-$249.0M-1057.7%	-$399.0M-170.1%	-$114.0M-262.9%
EPS (Basic)	$2.19-46.2%	$4.83+555.7%	$2.33+207.9%	$2.30+370.6%	$4.07+335.3%	-$1.06-630.0%	-$2.16-149.7%	-$0.85-260.4%
EPS (Diluted)	$2.19-45.5%	$4.81+553.8%	$2.30+206.5%	$2.28	$4.02	-$1.06	-$2.16-153.7%	-$0.85-273.5%
Diluted Shares (Avg)	238M-0.9%	241M+2.7%	N/A	240M	241M	234M	N/A	134M-6.0%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

EXE Balance Sheet

EXE quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$28.3B+1.4%	$27.9B+94.0%	$14.4B-7.1%	$15.5B+40.5%	$11.0B+67.2%	$6.6B-59.3%	$16.2B+27.2%	$12.7B-14.7%	$14.9B+14.6%	$13.0B-24.8%	$17.3B-57.4%	$40.7B-2.7%	$41.8B+0.4%	$41.6B-0.5%	$41.8B
Current Assets	$2.9B+46.0%	$2.0B-23.5%	$2.6B-3.3%	$2.7B+28.3%	$2.1B+89.8%	$1.1B-11.4%	$1.3B-21.7%	$1.6B+4.7%	$1.5B-28.8%	$2.1B-13.6%	$2.5B-66.8%	$7.5B+104.3%	$3.7B+24.0%	$2.9B-7.2%	$3.2B
Cash & Equivalents	$616.0M+94.3%	$317.0M-70.6%	$1.1B+730.0%	$130.0M-85.6%	$905.0M+224.4%	$279.0M+4550.0%	$6.0M+50.0%	$4.0M-20.0%	$5.0M-99.4%	$882.0M+6.9%	$825.0M-79.9%	$4.1B+390.8%	$837.0M+191.6%	$287.0M-18.2%	$351.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$1.6B+30.4%	$1.2B+106.7%	$593.0M-58.8%	$1.4B+29.0%	$1.1B+49.5%	$746.0M-24.6%	$990.0M-20.6%	$1.2B-5.7%	$1.3B+25.1%	$1.1B-6.4%	$1.1B-49.5%	$2.2B+0.6%	$2.2B-1.0%	$2.2B-10.4%	$2.5B
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$477.0M-34.5%	$728.0M-52.4%	$1.5B
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$15.0M-65.1%	$43.0M0.0%	$43.0M	N/A
Total Liabilities	$9.7B-6.0%	$10.3B+183.2%	$3.6B-42.5%	$6.3B+18.8%	$5.3B-55.2%	$11.9B+1.1%	$11.8B+10.8%	$10.6B-18.3%	$13.0B-9.3%	$14.4B-5.4%	$15.2B-36.1%	$23.8B-7.9%	$25.8B-1.0%	$26.0B+3.3%	$25.2B
Current Liabilities	$2.9B-7.1%	$3.1B+137.7%	$1.3B-51.4%	$2.7B+10.5%	$2.4B-20.9%	$3.1B+29.3%	$2.4B-17.1%	$2.9B+19.3%	$2.4B-33.7%	$3.6B-1.0%	$3.7B-34.8%	$5.7B+2.6%	$5.5B-12.0%	$6.3B-11.5%	$7.1B
Non-Current Liabilities	$6.8B-5.5%	$7.2B+208.9%	$2.3B-35.9%	$3.6B+25.9%	$2.9B-67.3%	$8.8B-6.1%	$9.4B+21.8%	$7.7B-27.0%	$10.6B-0.2%	$10.6B-5.8%	$11.2B-33.5%	$16.9B-6.8%	$18.1B+3.9%	$17.4B+3.9%	$16.8B
Long-Term Debt	$5.0B-5.3%	$5.3B+160.9%	$2.0B-34.4%	$3.1B+35.8%	$2.3B	N/A	$9.1B+23.6%	$7.3B-26.0%	$9.9B-0.2%	$9.9B-3.6%	$10.3B-7.6%	$11.2B-13.4%	$12.9B+6.0%	$12.2B+14.4%	$10.6B
Total Equity	$18.6B+5.8%	$17.6B+63.7%	$10.7B+17.6%	$9.1B+60.9%	$5.7B+206.2%	-$5.3B-222.4%	$4.4B+108.6%	$2.1B+10.2%	$1.9B+242.7%	-$1.3B-162.3%	$2.1B-87.4%	$16.9B+5.7%	$16.0B+2.7%	$15.6B-6.3%	$16.6B
Retained Earnings	$4.8B+24.6%	$3.9B-22.1%	$5.0B+46.3%	$3.4B+312.0%	$825.0M+103.4%	-$24.0B-68.5%	-$14.2B-2.2%	-$13.9B+1.5%	-$14.1B+19.1%	-$17.5B-32.4%	-$13.2B-990.2%	$1.5B+115.6%	$688.0M+57.4%	$437.0M-72.8%	$1.6B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$28.0B+0.9%	$29.5B+5.7%	$28.3B+1.4%	$27.6B+106.1%	$27.8B+104.1%	$27.9B+99.3%	$27.9B+94.0%	$13.4B-6.0%
Current Assets	$2.8B+25.1%	$4.4B+107.6%	$2.9B+46.0%	$2.2B+24.7%	$2.3B+12.9%	$2.1B-11.1%	$2.0B-23.5%	$1.8B-28.5%
Cash & Equivalents	$663.0M-9.3%	$2.2B+536.1%	$616.0M+94.3%	$613.0M-41.3%	$731.0M-28.3%	$349.0M-70.4%	$317.0M-70.6%	$1.0B+46.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$1.1B+2.2%	$1.3B-5.2%	$1.6B+30.4%	$1.0B+293.1%	$1.1B+206.9%	$1.4B+333.4%	$1.2B+106.7%	$261.0M-61.9%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$8.6B-12.3%	$10.0B-7.1%	$9.7B-6.0%	$9.5B+195.1%	$9.8B+203.6%	$10.7B+222.0%	$10.3B+183.2%	$3.2B-19.5%
Current Liabilities	$3.0B+1.4%	$4.0B+10.1%	$2.9B-7.1%	$2.8B+207.7%	$2.9B+214.1%	$3.6B+251.9%	$3.1B+137.7%	$899.0M-44.3%
Non-Current Liabilities	$5.7B-18.1%	$6.0B-15.8%	$6.8B-5.5%	$6.7B+190.2%	$6.9B+199.4%	$7.2B+208.9%	$7.2B+208.9%	$2.3B-2.6%
Long-Term Debt	$3.7B-28.1%	$4.1B-21.2%	$5.0B-5.3%	$5.0B+148.4%	$5.1B+153.4%	$5.2B+158.9%	$5.3B+160.9%	$2.0B-0.7%
Total Equity	$19.4B+8.2%	$19.5B+13.7%	$18.6B+5.8%	$18.1B+78.2%	$17.9B+73.0%	$17.2B+60.9%	$17.6B+63.7%	$10.2B-0.8%
Retained Earnings	$5.6B+33.5%	$5.8B+65.8%	$4.8B+24.6%	$4.4B+0.1%	$4.2B-8.3%	$3.5B-29.1%	$3.9B-22.1%	$4.4B-2.7%

Not reported in any period shown, so not listed: Inventory, Goodwill.

EXE Cash Flow Statement

EXE quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$5.7B	$4.6B+192.3%	$1.6B-34.2%	$2.4B-42.3%	$4.1B+128.0%	$1.8B+55.4%	$1.2B-28.3%	$1.6B-6.2%	$1.7B+264.2%	$475.0M+148.5%	-$980.0M-179.4%	$1.2B-73.4%	$4.6B+0.4%	$4.6B+62.6%	$2.8B-51.9%	$5.9B
Depreciation & Amortization	N/A	$3.0B+72.4%	$1.7B+13.2%	$1.5B-12.9%	$1.8B+90.8%	$919.0M-16.2%	$1.1B-51.5%	$2.3B+30.3%	$1.7B+2.4%	$1.7B-0.1%	$1.7B-23.8%	$2.2B-23.5%	$2.9B+0.4%	$2.9B+3.3%	$2.8B+46.2%	$1.9B
Stock-Based Compensation	N/A	$46.0M+21.1%	$38.0M+15.2%	$33.0M+50.0%	$22.0M+144.4%	$9.0M-57.1%	$21.0M-30.0%	$30.0M-6.3%	$32.0M-34.7%	$49.0M-5.8%	$52.0M-33.3%	$78.0M+32.2%	$59.0M-39.8%	$98.0M-18.3%	$120.0M-21.6%	$153.0M
Capital Expenditures	$3.0B	$2.7B+75.7%	$1.6B-14.9%	$1.8B+0.3%	$1.8B+172.5%	$669.0M-41.4%	$1.1B	N/A	N/A	N/A	$1.4B-60.0%	$3.6B-45.8%	$6.7B-7.3%	$7.2B-49.0%	$14.1B+122.6%	$6.3B
Free Cash Flow	$2.7B	$1.8B+22887.5%	$8.0M-98.5%	$551.0M-76.1%	$2.3B+101.9%	$1.1B+5081.8%	$22.0M	N/A	N/A	N/A	-$2.4B-1.9%	-$2.4B-17.1%	-$2.0B+21.1%	-$2.6B+77.1%	-$11.3B-2497.0%	-$434.0M
Investing Cash Flow	-$3.0B	-$2.8B-44.9%	-$1.9B-502.5%	$473.0M+113.9%	-$3.4B-300.1%	-$850.0M+14.3%	-$992.0M+60.0%	-$2.5B-645.1%	$455.0M+149.6%	-$918.0M-891.4%	$116.0M+103.4%	-$3.5B-860.1%	$454.0M+115.3%	-$3.0B+40.5%	-$5.0B+14.2%	-$5.8B
Financing Cash Flow	-$2.7B	-$1.5B-261.6%	-$419.0M+77.9%	-$1.9B-30.8%	-$1.4B-745.6%	-$171.0M-269.3%	$101.0M-88.2%	$859.0M+139.3%	-$2.2B-403.7%	-$434.0M-147.1%	$921.0M+186.4%	-$1.1B+41.3%	-$1.8B-65.6%	-$1.1B-152.7%	$2.1B+1218.4%	$158.0M
Dividends Paid	$765.0M	$765.0M+97.2%	$388.0M-20.3%	$487.0M-59.8%	$1.2B+918.5%	$119.0M	$0	$0	N/A	$0	$0-100.0%	$118.0M-49.6%	$234.0M+0.4%	$233.0M+2.6%	$227.0M+9.7%	$207.0M
Share Buybacks	$581.0M	$100.0M	$0-100.0%	$355.0M-66.9%	$1.1B	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$1.1B-17.1%	$2.4B+119.2%	$956.0M+150.3%	$1.2B+184.6%	$1.3B+532.5%	$1.1B+98.6%	$382.0M-18.7%	$422.0M-16.6%
Depreciation & Amortization	$722.0M-6.1%	$711.0M0.0%	$759.0M+17.3%	$741.0M+121.2%	$769.0M+121.0%	$711.0M+78.2%	$647.0M+70.7%	$335.0M-12.3%
Stock-Based Compensation	$15.0M-6.3%	$10.0M+11.1%	N/A	$17.0M+54.5%	$16.0M-23.8%	$9.0M0.0%	N/A	$11.0M+10.0%
Capital Expenditures	$753.0M+14.6%	$707.0M+25.6%	$741.0M+38.2%	$775.0M+160.1%	$657.0M+117.5%	$563.0M+33.7%	$536.0M+41.4%	$298.0M-29.6%
Free Cash Flow	$343.0M-48.4%	$1.7B+218.0%	$215.0M+239.6%	$426.0M+243.5%	$665.0M+815.1%	$533.0M+306.9%	-$154.0M-269.2%	$124.0M+49.4%
Investing Cash Flow	-$698.0M-18.1%	-$601.0M-18.5%	-$816.0M+13.7%	-$845.0M-164.9%	-$591.0M-122.2%	-$507.0M-35.6%	-$945.0M-1000.0%	-$319.0M+33.5%
Financing Cash Flow	-$1.9B-450.9%	-$192.0M+65.5%	-$135.0M+16.7%	-$471.0M-503.8%	-$352.0M-245.1%	-$557.0M-623.4%	-$162.0M+22.1%	-$78.0M+63.7%
Dividends Paid	$138.0M+0.7%	$141.0M-0.7%	$137.0M+2.2%	$349.0M+347.4%	$137.0M+44.2%	$142.0M+84.4%	$134.0M+78.7%	$78.0M+1.3%
Share Buybacks	$514.0M+419.2%	$66.0M	$0	$1.0M	$99.0M	$0	$0-100.0%	$0-100.0%

EXE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

EXE quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	20.4%+39.3pp	-19.0%-55.0pp	36.0%+3.8pp	32.2%+15.3pp	16.9%	-166.1%	-0.4%-4.2pp	3.8%+5.2pp	-1.4%+36.0pp	-37.4%	-148.2%	15.0%+4.2pp	10.8%+24.6pp	-13.8%-38.9pp	25.1%
Net Margin	15.0%+31.9pp	-16.9%-44.6pp	27.7%-14.3pp	42.0%	114.0%	-185.8%	-3.6%-5.9pp	2.3%+7.3pp	-5.0%+35.1pp	-40.1%	-114.1%	8.3%+4.5pp	3.8%+10.0pp	-6.2%-21.2pp	15.0%
Return on Equity	9.8%+13.9pp	-4.1%-26.6pp	22.6%-31.6pp	54.1%-57.5pp	111.6%	N/A	-7.1%-17.9pp	10.8%+37.4pp	-26.6%	N/A	-681.3%-692.7pp	11.3%+6.8pp	4.5%+9.5pp	-4.9%-15.4pp	10.5%
Return on Assets	6.4%+9.0pp	-2.6%-19.4pp	16.8%-15.1pp	31.9%-25.6pp	57.5%+205.3pp	-147.8%-145.9pp	-1.9%-3.7pp	1.8%+5.1pp	-3.4%+23.4pp	-26.8%+57.3pp	-84.1%-88.9pp	4.7%+3.0pp	1.7%+3.6pp	-1.8%-6.0pp	4.2%
Current Ratio	1.01+0.4x	0.64-1.3x	1.99+1.0x	1.00+0.1x	0.86+0.5x	0.36-0.2x	0.520.0x	0.55-0.1x	0.630.0x	0.59-0.1x	0.67-0.6x	1.32+0.7x	0.66+0.2x	0.470.0x	0.45
Debt-to-Equity	0.270.0x	0.30+0.1x	0.19-0.2x	0.34-0.1x	0.40	N/A	2.08-1.4x	3.51-1.7x	5.22	N/A	4.82+4.2x	0.66-0.1x	0.810.0x	0.78+0.1x	0.64
Asset Turnover	0.43+0.3x	0.15-0.5x	0.61-0.2x	0.76+0.3x	0.50-0.3x	0.80+0.3x	0.53-0.3x	0.79+0.1x	0.670.0x	0.67-0.1x	0.74+0.2x	0.57+0.1x	0.46+0.2x	0.300.0x	0.28
FCF Margin	15.2%+15.0pp	0.2%-6.1pp	6.3%-13.3pp	19.6%-0.9pp	20.5%+20.1pp	0.4%	N/A	N/A	N/A	-27.9%-9.2pp	-18.6%-9.9pp	-8.8%+4.7pp	-13.5%+78.0pp	-91.5%-87.8pp	-3.7%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	22.3%-12.1pp	34.8%+47.0pp	22.8%+42.1pp	24.4%+48.4pp	34.4%+92.6pp	-12.2%-15.2pp	-19.3%-56.6pp	-23.9%-29.1pp
Net Margin	17.6%-8.6pp	26.4%+37.7pp	16.9%+36.8pp	18.4%+36.0pp	26.2%+71.2pp	-11.3%-13.8pp	-19.9%-49.2pp	-17.6%-22.2pp
Return on Equity	2.7%-2.7pp	5.9%+7.4pp	3.0%+5.3pp	3.0%+4.1pp	5.4%+7.6pp	-1.5%-1.7pp	-2.3%-7.6pp	-1.1%-1.8pp
Return on Assets	1.9%-1.6pp	3.9%+4.8pp	1.9%+3.4pp	2.0%+2.8pp	3.5%+5.2pp	-0.9%-1.1pp	-1.4%-5.4pp	-0.9%-1.3pp
Current Ratio	0.96+0.2x	1.11+0.5x	1.01+0.4x	0.81-1.2x	0.78-1.4x	0.59-1.7x	0.64-1.3x	2.00+0.4x
Debt-to-Equity	0.19-0.1x	0.21-0.1x	0.270.0x	0.28+0.1x	0.29+0.1x	0.30+0.1x	0.30+0.1x	0.200.0x
Asset Turnover	0.110.0x	0.15+0.1x	0.120.0x	0.11+0.1x	0.13+0.1x	0.080.0x	0.07-0.1x	0.05-0.1x
FCF Margin	11.6%-6.4pp	38.6%+14.3pp	6.6%+14.3pp	14.4%-4.8pp	18.0%+36.4pp	24.3%+12.2pp	-7.7%-12.4pp	19.1%+13.6pp

Not reported in any period shown, so not listed: Gross Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Expand Energy Corporation EXE	FY2025	$12.1B	$1.8B	15.0%	$21.6B	55/100
Devon Energy Corporation DVN	FY2025	$17.2B	$2.6B	15.4%	$55.8B	40/100
Texas Pacific Land Corporation TPL	FY2025	$798.2M	$481.4M	60.3%	$24.2B	73/100
EQT CORP EQT	FY2025	$8.6B	$2.0B	23.6%	$34.0B	52/100
Coterra Energy Inc. CTRA	FY2025	$7.6B	$1.7B	22.5%	$25.0B	53/100
Woodside Energy Group Limited WDS	FY2025	$13.0B	$2.7B	21.1%	$44.9B	29/100

Where Expand Energy Corporation Ranks

Frequently Asked Questions

What is Expand Energy Corporation's annual revenue?

Expand Energy Corporation (EXE) reported $12.1B in total revenue for fiscal year 2025. This represents a 186.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Expand Energy Corporation's revenue growing?

Expand Energy Corporation (EXE) revenue grew by 186.3% year-over-year, from $4.2B to $12.1B in fiscal year 2025.

Is Expand Energy Corporation profitable?

Yes, Expand Energy Corporation (EXE) reported a net income of $1.8B in fiscal year 2025, with a net profit margin of 15.0%.

What is Expand Energy Corporation's EBITDA?

Expand Energy Corporation (EXE) had EBITDA of $5.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Expand Energy Corporation have?

As of fiscal year 2025, Expand Energy Corporation (EXE) had $616.0M in cash and equivalents against $5.0B in long-term debt.

What is Expand Energy Corporation's operating margin?

Expand Energy Corporation (EXE) had an operating margin of 20.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Expand Energy Corporation's net profit margin?

Expand Energy Corporation (EXE) had a net profit margin of 15.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Expand Energy Corporation's return on equity (ROE)?

Expand Energy Corporation (EXE) has a return on equity of 9.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Expand Energy Corporation's free cash flow?

Expand Energy Corporation (EXE) generated $1.8B in free cash flow during fiscal year 2025. This represents a 22887.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Expand Energy Corporation's operating cash flow?

Expand Energy Corporation (EXE) generated $4.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Expand Energy Corporation's total assets?

Expand Energy Corporation (EXE) had $28.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Expand Energy Corporation's capital expenditures?

Expand Energy Corporation (EXE) invested $2.7B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Expand Energy Corporation buy back shares?

Yes, Expand Energy Corporation (EXE) spent $100.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Expand Energy Corporation have outstanding?

Expand Energy Corporation (EXE) had 240M shares outstanding as of fiscal year 2025.

What is Expand Energy Corporation's current ratio?

Expand Energy Corporation (EXE) had a current ratio of 1.01 as of fiscal year 2025, which is considered adequate.

What is Expand Energy Corporation's debt-to-equity ratio?

Expand Energy Corporation (EXE) had a debt-to-equity ratio of 0.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Expand Energy Corporation's return on assets (ROA)?

Expand Energy Corporation (EXE) had a return on assets of 6.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Expand Energy Corporation's P/E ratio?

Expand Energy Corporation (EXE) trades at 7.8x earnings, its market capitalization divided by net income of $2.8B net income, trailing 12 months to June 30, 2026. The market capitalization is $21.6B as of Oct 19, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Expand Energy Corporation's price-to-sales ratio?

Expand Energy Corporation (EXE) trades at 1.6x sales, its market capitalization divided by revenue of $13.6B revenue, trailing 12 months to June 30, 2026. The market capitalization is $21.6B as of Oct 19, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Expand Energy Corporation's Altman Z-Score?

Expand Energy Corporation (EXE) has an Altman Z-Score of 2.29, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Expand Energy Corporation's Piotroski F-Score?

Expand Energy Corporation (EXE) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Expand Energy Corporation's earnings high quality?

Expand Energy Corporation (EXE) has an earnings quality ratio of 2.52x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Expand Energy Corporation cover its interest payments?

Expand Energy Corporation (EXE) has an interest coverage ratio of 10.51x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Expand Energy Corporation?

Expand Energy Corporation (EXE) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.