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

Expand Energy Corporation (EXEEL) 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 (EXEEL) Financials

EXEEL

Trailing 12 months to March 31, 2026

Revenue $14.3B +167.8% YoY

Net Income $3.2B +426.3% YoY

EPS (Diluted) $7.57 FY2025 annual

Free Cash Flow $3.0B +632.0% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Apr 28, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed Apr 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the EXEEL SEC filings page.

Expand Energy Corporation (EXEEL) reported $14.3B in revenue over the twelve months to Mar 31, 2026, up 167.8% 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 EXEEL FY2025 2026-08-30

The business operates through sharp earnings swings, with heavy reinvestment making cash conversion the clearest operating signal.

The 2025 rebound restored operating profitability after FY2024's operating loss, showing that earnings are highly sensitive to business conditions rather than following a smooth trend. Operating cash flow was 2.5x net income in FY2025, a gap consistent with substantial non-cash depreciation and an asset-heavy earnings profile.

Free-cash-flow margin rose from 6.3% in FY2023 to 15.2% in FY2025, so the rebound reached cash available after investment, not just reported profit. FY2025 capital expenditures of $2.7B alongside free cash flow of $1.8B show a capital-intensive operating model: growth requires substantial reinvestment before surplus cash emerges.

Current liquidity improved from a 0.6x current ratio in FY2024 to 1.0x in FY2025, moving from short-term coverage pressure to roughly balanced current assets and liabilities. Debt-to-equity at 0.3x in FY2025 is moderate relative to the balance sheet, so the main financing signal is not extreme leverage but the need to fund a large asset base while preserving cash.

Financial Health Signals

Financial health score not available

Expand Energy Corporation does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

7/7

Expand Energy Corporation passes 7 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 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

$4.4B

YoY+100.2%

QoQ+34.4%

5Y CAGR+38.0%

10Y CAGR+8.5%

Expand Energy Corporation generated $4.4B in revenue in Q1 2026. This represents an increase of 100.2% from the same quarter a year earlier. Against the prior quarter it is up 34.4%.

EBITDA

$2.2B

YoY+406.1%

QoQ+49.1%

5Y CAGR+40.7%

Expand Energy Corporation's EBITDA was $2.2B in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 406.1% from the same quarter a year earlier. Against the prior quarter it is up 49.1%.

Net Income

$1.2B

YoY+565.5%

QoQ+109.6%

5Y CAGR+31.5%

Expand Energy Corporation reported $1.2B in net income in Q1 2026. This represents an increase of 565.5% from the same quarter a year earlier. Against the prior quarter it is up 109.6%.

EPS (Diluted)

$4.81

YoY+553.8%

Expand Energy Corporation earned $4.81 per diluted share (EPS) in Q1 2026. This represents an increase of 553.8% from the same quarter a year earlier.

Cash & Balance Sheet

Free Cash Flow

$1.7B

YoY+218.0%

QoQ+688.4%

5Y CAGR+38.5%

Expand Energy Corporation generated $1.7B in free cash flow in Q1 2026, representing cash available after capex. This represents an increase of 218.0% from the same quarter a year earlier. Against the prior quarter it is up 688.4%.

Cash & Debt

$2.2B

YoY+536.1%

QoQ+260.4%

5Y CAGR+45.5%

10Y CAGR+63.8%

Expand Energy Corporation held $2.2B in cash against $4.1B in long-term debt as of Q1 2026.

Dividends Per Share

$0.57

YoY0.0%

Expand Energy Corporation paid $0.57 per share in dividends in Q1 2026. That is unchanged from the same quarter a year earlier.

Shares Outstanding

239M

YoY+0.5%

QoQ-0.5%

Expand Energy Corporation had 239M shares outstanding in Q1 2026. This represents an increase of 0.5% from the same quarter a year earlier. Against the prior quarter it is down 0.5%.

Margins & Returns

Operating Margin

34.8%

YoY+47.0pp

QoQ+12.0pp

5Y change+2.4pp

10Y change+91.1pp

Expand Energy Corporation's operating margin was 34.8% in Q1 2026, reflecting core business profitability. This is up 47.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.0 percentage points.

Net Margin

26.4%

YoY+37.7pp

QoQ+9.5pp

5Y change-7.2pp

10Y change+81.0pp

Expand Energy Corporation's net profit margin was 26.4% in Q1 2026, showing the share of revenue converted to profit. This is up 37.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.5 percentage points.

Return on Equity

5.9%

YoY+7.4pp

QoQ+2.9pp

5Y change-1.7pp

Expand Energy Corporation's ROE was 5.9% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 7.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.

Gross Margin

Not reported for Q1 2026.

Capital Allocation

Share Buybacks

$66.0M

Expand Energy Corporation spent $66.0M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$707.0M

YoY+25.6%

QoQ-4.6%

5Y CAGR+55.8%

Expand Energy Corporation invested $707.0M in capex in Q1 2026, funding long-term assets and infrastructure. This represents an increase of 25.6% from the same quarter a year earlier. Against the prior quarter it is down 4.6%.

R&D Spending

Not reported for Q1 2026.

EXEEL 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.

EXEEL quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$14.3B	$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	$197.0M	$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	$4.3B	$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	$235.0M	$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	$863.0M	$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	$3.2B	$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)	—	$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	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$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%	$505.0M-73.3%
SG&A Expenses	$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%	$47.0M+51.6%
Operating Income	$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%	-$294.0M-156.9%
EBITDA	$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%	$54.0M-94.0%
Interest Expense	$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%	$20.0M-9.1%
Income Tax	$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%	-$68.0M-153.5%
Net Income	$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%	-$227.0M-158.1%
EPS (Basic)	$4.83+555.7%	N/A	$2.30+370.6%	$4.07+335.3%	-$1.06-630.0%	N/A	-$0.85-260.4%	-$1.73-159.0%
EPS (Diluted)	$4.81+553.8%	N/A	$2.28	$4.02	-$1.06	N/A	-$0.85-273.5%	-$1.73-163.4%
Diluted Shares (Avg)	241M+2.7%	N/A	240M	241M	234M	N/A	134M-6.0%	131M-8.4%

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

EXEEL Balance Sheet

EXEEL quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
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
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
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	$0-100.0%	$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	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$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%	$13.6B-5.7%
Current Assets	$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%	$2.0B-9.3%
Cash & Equivalents	$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%	$1.0B+12.8%
Accounts Receivable	$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%	$350.0M-47.8%
Total Liabilities	$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%	$3.2B-19.7%
Current Liabilities	$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%	$931.0M-43.6%
Non-Current Liabilities	$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%	$2.3B-3.1%
Long-Term Debt	$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%	$2.0B-0.7%
Total Equity	$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%	$10.4B-0.3%
Retained Earnings	$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%	$4.6B-1.5%

Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Goodwill.

EXEEL Cash Flow Statement

EXEEL quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$5.9B	$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	$2.9B	$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	$3.0B	$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	-$2.9B	-$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	-$1.1B	-$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	$764.0M	$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	$166.0M	$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	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$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%	$209.0M-59.4%
Depreciation & Amortization	$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%	$348.0M-7.4%
Stock-Based Compensation	$10.0M+11.1%	N/A	$17.0M+54.5%	$16.0M-23.8%	$9.0M0.0%	N/A	$11.0M+10.0%	$21.0M+90.9%
Capital Expenditures	$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%	$302.0M-43.0%
Free Cash Flow	$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%	-$93.0M-520.0%
Investing Cash Flow	-$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%	-$266.0M-158.7%
Financing Cash Flow	-$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%	-$102.0M+46.3%
Dividends Paid	$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%	$95.0M-40.6%
Share Buybacks	$66.0M	$0	$1.0M	$99.0M	$0	$0-100.0%	$0-100.0%	$0-100.0%

EXEEL 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.

EXEEL quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
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	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Margin	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	-58.2%-85.6pp
Net Margin	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	-45.0%-65.6pp
Return on Equity	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	-2.2%-5.9pp
Return on Assets	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	-1.7%-4.4pp
Current Ratio	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	2.16+0.8x
Debt-to-Equity	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	0.190.0x
Asset Turnover	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	0.04-0.1x
FCF Margin	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	-18.4%-17.6pp

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

Where Expand Energy Corporation Ranks

Frequently Asked Questions

What is Expand Energy Corporation's annual revenue?

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

What is Expand Energy Corporation's current ratio?

Expand Energy Corporation (EXEEL) 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 (EXEEL) 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 (EXEEL) 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 Piotroski F-Score?

Expand Energy Corporation (EXEEL) has a Piotroski F-Score of 7 out of 7 computable signals; 2 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 (EXEEL) 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 (EXEEL) 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.