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

Expand Energy Corporation (EXEEW) reported diluted earnings per share of $7.57 for fiscal year 2025. This represents a 266.4% change compared to the previous fiscal year. 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 Financials

EXEEW

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Expand Energy Corporation (EXEEW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 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 EXEEW FY2025 2026-04-22

A large fixed asset base makes EXEEW's results hinge on how fully its assets are utilized, not on cash hoarding.

The rebound was a utilization reset, not a balance-sheet reset: total assets stayed near $27.9B in FY2024 and $28.3B in FY2025. Yet operating margin swung from -18.9% to 20.4%, meaning the same asset base went from under-earning to productive rather than being materially downsized.

This is a capital-intensive cash engine: FY2025 produced operating cash flow of $4.6B and required $2.7B of capex, so a large share of cash has to be reinvested into the asset base. Free cash flow still reached $1.8B, which shows the business can fund heavy reinvestment internally when operations are healthy.

The balance sheet reads as solvent but tight on liquidity: debt to equity was only 0.3x in FY2025. But cash of $616M alongside a current ratio of 1.0x implies day-to-day obligations are covered more by ongoing operating inflows than by a large cash cushion.

Financial Health Signals

Financial health score pending refresh

We are recalculating Expand Energy Corporation's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. 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

10.5x

Expand Energy Corporation earns $10.5 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

$12.1B

YoY+186.3%

5Y CAGR+18.3%

10Y CAGR-0.5%

Expand Energy Corporation generated $12.1B in revenue in fiscal year 2025. This represents an increase of 186.3% from the prior year.

EBITDA

$5.5B

YoY+488.7%

Expand Energy Corporation's EBITDA was $5.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 488.7% from the prior year.

Net Income

$1.8B

YoY+354.8%

Expand Energy Corporation reported $1.8B in net income in fiscal year 2025. This represents an increase of 354.8% from the prior year.

EPS (Diluted)

$7.57

YoY+266.4%

Expand Energy Corporation earned $7.57 per diluted share (EPS) in fiscal year 2025. This represents an increase of 266.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$1.8B

YoY+22887.5%

5Y CAGR+142.3%

Expand Energy Corporation generated $1.8B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 22887.5% from the prior year.

Cash & Debt

$616.0M

YoY+94.3%

5Y CAGR+17.2%

10Y CAGR-2.9%

Expand Energy Corporation held $616.0M in cash against $5.0B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

240M

10Y CAGR-9.7%

Expand Energy Corporation had 240M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

N/A

Operating Margin

20.4%

YoY+39.3pp

5Y CAGR+186.5pp

10Y CAGR+168.6pp

Expand Energy Corporation's operating margin was 20.4% in fiscal year 2025, reflecting core business profitability. This is up 39.3 percentage points from the prior year.

Net Margin

15.0%

YoY+31.9pp

5Y CAGR+200.8pp

10Y CAGR+129.1pp

Expand Energy Corporation's net profit margin was 15.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 31.9 percentage points from the prior year.

Return on Equity

9.8%

YoY+13.9pp

10Y CAGR+691.1pp

Expand Energy Corporation's ROE was 9.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 13.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$100.0M

Expand Energy Corporation spent $100.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$2.7B

YoY+75.7%

5Y CAGR+19.1%

10Y CAGR-2.7%

Expand Energy Corporation invested $2.7B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 75.7% from the prior year.

EXEEW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$12.1B+186.3%	$4.2B-51.4%	$8.7B-25.7%	$11.7B+111.6%	$5.5B+5.9%	$5.2B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$181.0M-2.7%	$186.0M+46.5%	$127.0M-10.6%	$142.0M+46.4%	$97.0M-63.7%	$267.0M
Operating Income	$2.5B+407.7%	-$803.0M-125.6%	$3.1B-16.9%	$3.8B+303.0%	$938.0M+110.8%	-$8.7B
Interest Expense	$235.0M+91.1%	$123.0M+18.3%	$104.0M-35.0%	$160.0M+119.2%	$73.0M-77.9%	$331.0M
Income Tax	$463.0M+464.6%	-$127.0M-118.2%	$698.0M+154.3%	-$1.3B-2522.4%	-$49.0M-157.9%	-$19.0M
Net Income	$1.8B+354.8%	-$714.0M-129.5%	$2.4B-51.0%	$4.9B-22.0%	$6.3B+165.0%	-$9.7B
EPS (Diluted)	$7.57+266.4%	$-4.55-126.9%	$16.92-49.3%	$33.36+310.8%	$8.12+100.8%	$-998.26

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$4.4B+34.4%	$3.3B+10.3%	$3.0B-19.6%	$3.7B+68.0%	$2.2B+9.7%	$2.0B+208.8%	$648.0M+28.3%	$505.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$63.0M+28.6%	$49.0M+8.9%	$45.0M+12.5%	$40.0M-14.9%	$47.0M-11.3%	$53.0M+35.9%	$39.0M-17.0%	$47.0M
Operating Income	$1.5B+105.5%	$745.0M+2.8%	$725.0M-42.9%	$1.3B+573.5%	-$268.0M+30.6%	-$386.0M-149.0%	-$155.0M+47.3%	-$294.0M
Interest Expense	$59.0M0.0%	$59.0M+3.5%	$57.0M-5.0%	$60.0M+1.7%	$59.0M-7.8%	$64.0M+220.0%	$20.0M0.0%	$20.0M
Income Tax	$330.0M+146.3%	$134.0M-3.6%	$139.0M-46.5%	$260.0M+471.4%	-$70.0M-218.2%	-$22.0M+50.0%	-$44.0M+35.3%	-$68.0M
Net Income	$1.2B+109.6%	$553.0M+1.1%	$547.0M-43.5%	$968.0M+488.8%	-$249.0M+37.6%	-$399.0M-250.0%	-$114.0M+49.8%	-$227.0M
EPS (Diluted)	$4.81	N/A	$2.28-43.3%	$4.02+479.2%	$-1.06	N/A	$-0.85+50.9%	$-1.73

EXEEW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$28.3B+1.4%	$27.9B+94.0%	$14.4B-7.1%	$15.5B+40.5%	$11.0B+67.2%	$6.6B
Current Assets	$2.9B+46.0%	$2.0B-23.5%	$2.6B-3.3%	$2.7B+28.3%	$2.1B+89.8%	$1.1B
Cash & Equivalents	$616.0M+94.3%	$317.0M-70.6%	$1.1B+730.0%	$130.0M-85.6%	$905.0M+224.4%	$279.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.6B+30.4%	$1.2B+106.7%	$593.0M-58.8%	$1.4B+29.0%	$1.1B+49.5%	$746.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	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
Current Liabilities	$2.9B-7.1%	$3.1B+137.7%	$1.3B-51.4%	$2.7B+10.5%	$2.4B-20.9%	$3.1B
Long-Term Debt	$5.0B-5.3%	$5.3B+160.9%	$2.0B-34.4%	$3.1B+35.8%	$2.3B	$0
Total Equity	$18.6B+5.8%	$17.6B+63.7%	$10.7B+17.6%	$9.1B+60.9%	$5.7B+206.2%	-$5.3B
Retained Earnings	$4.8B+24.6%	$3.9B-22.1%	$5.0B+46.3%	$3.4B+312.0%	$825.0M+103.4%	-$24.0B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$29.5B+4.4%	$28.3B+2.5%	$27.6B-0.6%	$27.8B-0.6%	$27.9B+0.1%	$27.9B+108.3%	$13.4B-1.6%	$13.6B
Current Assets	$4.4B+50.4%	$2.9B+30.1%	$2.2B-1.4%	$2.3B+7.5%	$2.1B+5.8%	$2.0B+11.1%	$1.8B-10.7%	$2.0B
Cash & Equivalents	$2.2B+260.4%	$616.0M+0.5%	$613.0M-16.1%	$731.0M+109.5%	$349.0M+10.1%	$317.0M-69.6%	$1.0B+2.5%	$1.0B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.3B-19.3%	$1.6B+55.8%	$1.0B-4.5%	$1.1B-21.1%	$1.4B+11.0%	$1.2B+369.7%	$261.0M-25.4%	$350.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$10.0B+2.7%	$9.7B+2.7%	$9.5B-3.8%	$9.8B-8.5%	$10.7B+4.0%	$10.3B+222.4%	$3.2B-1.1%	$3.2B
Current Liabilities	$4.0B+36.2%	$2.9B+4.9%	$2.8B-5.4%	$2.9B-18.5%	$3.6B+14.9%	$3.1B+247.4%	$899.0M-3.4%	$931.0M
Long-Term Debt	$4.1B-17.5%	$5.0B0.0%	$5.0B-2.2%	$5.1B-2.3%	$5.2B-0.9%	$5.3B+162.3%	$2.0B-0.2%	$2.0B
Total Equity	$19.5B+5.2%	$18.6B+2.4%	$18.1B+1.2%	$17.9B+4.3%	$17.2B-2.1%	$17.6B+72.4%	$10.2B-1.8%	$10.4B
Retained Earnings	$5.8B+19.8%	$4.8B+9.4%	$4.4B+4.6%	$4.2B+20.9%	$3.5B-10.0%	$3.9B-12.1%	$4.4B-4.2%	$4.6B

EXEEW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$4.6B+192.3%	$1.6B-34.2%	$2.4B-42.3%	$4.1B+128.0%	$1.8B+55.4%	$1.2B
Capital Expenditures	$2.7B+75.7%	$1.6B-14.9%	$1.8B+0.3%	$1.8B+172.5%	$669.0M-41.4%	$1.1B
Free Cash Flow	$1.8B+22887.5%	$8.0M-98.5%	$551.0M-76.1%	$2.3B+101.9%	$1.1B+5081.8%	$22.0M
Investing Cash Flow	-$2.8B-44.9%	-$1.9B-502.5%	$473.0M+113.9%	-$3.4B-300.1%	-$850.0M+14.3%	-$992.0M
Financing Cash Flow	-$1.5B-261.6%	-$419.0M+77.9%	-$1.9B-30.8%	-$1.4B-745.6%	-$171.0M-269.3%	$101.0M
Dividends Paid	$765.0M+97.2%	$388.0M-20.3%	$487.0M-59.8%	$1.2B+918.5%	$119.0M	$0
Share Buybacks	$100.0M	$0-100.0%	$355.0M-66.9%	$1.1B	$0	$0

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$2.4B+151.3%	$956.0M-20.4%	$1.2B-9.2%	$1.3B+20.6%	$1.1B+186.9%	$382.0M-9.5%	$422.0M+101.9%	$209.0M
Capital Expenditures	$707.0M-4.6%	$741.0M-4.4%	$775.0M+18.0%	$657.0M+16.7%	$563.0M+5.0%	$536.0M+79.9%	$298.0M-1.3%	$302.0M
Free Cash Flow	$1.7B+688.4%	$215.0M-49.5%	$426.0M-35.9%	$665.0M+24.8%	$533.0M+446.1%	-$154.0M-224.2%	$124.0M+233.3%	-$93.0M
Investing Cash Flow	-$601.0M+26.3%	-$816.0M+3.4%	-$845.0M-43.0%	-$591.0M-16.6%	-$507.0M+46.3%	-$945.0M-196.2%	-$319.0M-19.9%	-$266.0M
Financing Cash Flow	-$192.0M-42.2%	-$135.0M+71.3%	-$471.0M-33.8%	-$352.0M+36.8%	-$557.0M-243.8%	-$162.0M-107.7%	-$78.0M+23.5%	-$102.0M
Dividends Paid	$141.0M+2.9%	$137.0M-60.7%	$349.0M+154.7%	$137.0M-3.5%	$142.0M+6.0%	$134.0M+71.8%	$78.0M-17.9%	$95.0M
Share Buybacks	$66.0M	$0-100.0%	$1.0M-99.0%	$99.0M	$0	$0	$0	$0

EXEEW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	20.4%+39.3pp	-19.0%-55.0pp	36.0%+3.8pp	32.2%+15.3pp	16.9%+183.0pp	-166.1%
Net Margin	15.0%+31.9pp	-16.9%-44.6pp	27.7%-14.3pp	42.0%-72.0pp	114.0%+299.8pp	-185.8%
Return on Equity	9.8%+13.9pp	-4.1%-26.6pp	22.6%-31.6pp	54.1%-57.5pp	111.6%	N/A
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%
Current Ratio	1.01+0.4	0.64-1.3	1.99+1.0	1.00+0.1	0.86+0.5	0.36
Debt-to-Equity	0.27-0.0	0.30+0.1	0.19-0.2	0.34-0.1	0.40+0.4	0.00
FCF Margin	15.2%+15.0pp	0.2%-6.1pp	6.3%-13.3pp	19.6%-0.9pp	20.5%+20.1pp	0.4%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	34.8%+12.0pp	22.8%-1.7pp	24.4%-9.9pp	34.4%+46.6pp	-12.2%+7.1pp	-19.3%+4.6pp	-23.9%+34.3pp	-58.2%
Net Margin	26.4%+9.5pp	16.9%-1.5pp	18.4%-7.8pp	26.2%+37.6pp	-11.3%+8.6pp	-19.9%-2.3pp	-17.6%+27.4pp	-45.0%
Return on Equity	5.9%+2.9pp	3.0%-0.0pp	3.0%-2.4pp	5.4%+6.9pp	-1.5%+0.8pp	-2.3%-1.2pp	-1.1%+1.1pp	-2.2%
Return on Assets	3.9%+2.0pp	1.9%-0.0pp	2.0%-1.5pp	3.5%+4.4pp	-0.9%+0.5pp	-1.4%-0.6pp	-0.9%+0.8pp	-1.7%
Current Ratio	1.11+0.1	1.01+0.2	0.81+0.0	0.78+0.2	0.59-0.1	0.64-1.4	2.00-0.2	2.16
Debt-to-Equity	0.21-0.1	0.270.0	0.280.0	0.29-0.0	0.300.0	0.30+0.1	0.200.0	0.19
FCF Margin	38.6%+32.0pp	6.6%-7.8pp	14.4%-3.7pp	18.0%-6.3pp	24.3%+32.0pp	-7.7%-26.8pp	19.1%+37.6pp	-18.4%

Frequently Asked Questions

What is Expand Energy Corporation's annual revenue?

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

What is Expand Energy Corporation's current ratio?

Expand Energy Corporation (EXEEW) 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 (EXEEW) 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 (EXEEW) 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 (EXEEW) 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 (EXEEW) 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 (EXEEW) has an interest coverage ratio of 10.5x, 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.