EXPAND ENERGY Corp (EXE)
EXPAND ENERGY Corp brought in $13.6B of revenue over the twelve months to June 30, 2026, up 59.3% from a year earlier. Net income was $2.8B, a net margin of 20.5%. Operating cash flow minus capital spending left $1.8B of free cash flow in fiscal 2025. At June 30, 2026 it held $663M in cash against $3.7B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 28, 2026.
Key facts about EXPAND ENERGY Corp
- Net worth
- EXPAND ENERGY Corp has a market value (market cap) of $20.6B at the latest share price, and shareholders' equity of $19.4B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $12.1B (+186.3% year on year), with net income of $1.8B. Over the 12 months to June 30, 2026: revenue $13.6B, net income $2.8B.
- Cash flow
- In fiscal 2025 operations brought in $4.6B of cash; after $2.7B of capital spending, free cash flow was $1.8B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 28, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- EXPAND ENERGY Corp's next report is expected around October 27, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What EXPAND ENERGY Corp does
Expand Energy Corporation explores for, produces, and sells natural gas and natural gas liquids. Formed from the merger of Chesapeake Energy and Southwestern Energy, it operates primarily in the Haynesville and Marcellus shale basins. The company supplies natural gas to utility providers, power plants, and industrial consumers across North America. Its shares trade on NASDAQ under the ticker EXE.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $12.1B | $1.8B | $7.57 | $1.8B |
| 2024 | $4.2B | -$714M | -$4.55 | $8M |
| 2023 | $8.7B | $2.4B | $16.92 | $551M |
| 2022 | $11.7B | $4.9B | $33.36 | $2.3B |
| 2020 | $5.2B | -$9.7B | -$998.26 | $22M |
| 2019 | $8.5B | -$308M | -$49.97 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where EXE ranks in Energy
Dividends
It paid out $765M in cash dividends, 42% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $765M | 42% |
| 2024 | n/a | $388M | n/a |
| 2023 | n/a | $487M | 20% |
| 2022 | n/a | $1.2B | 25% |
| 2020 | n/a | $0 | n/a |
| 2019 | n/a | $0 | n/a |
Latest SEC filings
What EXPAND ENERGY Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 6, 2026Material agreement8-KExpand Energy extended the maturity date of its credit facility by one year to September 30, 2031.
- September 17, 2026Material agreement8-KExpand Energy Corporation completed a public offering of $500,000,000 of 5.650% senior notes due 2031.
- September 16, 2026Executive or director change8-KExpand Energy completed its acquisition of Twin Eagle Holdings and transitioned executive Dan Turco to a new commercial role.
- September 16, 2026Material agreement8-KExpand Energy Corporation priced a public offering of $500,000,000 in 5.650% senior notes due 2031.
- September 8, 2026
- August 7, 2026Passive stake (5% or more) SCHEDULE 13G
- July 30, 2026Other event 8-K
- July 28, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 20% to $3B versus the same quarter last year; diluted EPS $2.19 versus $4.02.
- July 28, 2026
- July 27, 2026
What is EXE worth? A DCF from its reported cash flow
Insider trades
What the people running EXPAND ENERGY Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| June 12, 2026 | Wichterich MichaelInterim President and CEO, Director | Bought | 1,000 | $88.9K |
| June 4, 2026 | Johnson S P IVDirector | Received as pay | 2,331 | $225K |
| June 4, 2026 | Duster BenjaminDirector | Received as pay | 2,331 | $225K |
| June 4, 2026 | Konar ShameekDirector | Received as pay | 2,331 | $225K |
| June 4, 2026 | Kehr Catherine ADirector | Received as pay | 2,331 | $225K |
| June 4, 2026 | Gallagher MatthewDirector | Received as pay | 2,331 | $225K |
| June 4, 2026 | Steck BrianDirector | Received as pay | 2,746 | $265.1K |
| June 4, 2026 | Duncan Timothy S.Director | Received as pay | 2,331 | $225K |
Who owns EXE
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.45% | April 29, 2026 |
Largest institutional holders
Insiders
15 insiders reported holding 418,919 shares in total, about $37.2M at the last price.
| Holder | Shares |
|---|---|
| Wichterich MichaelInterim President and CEO, Director | 85,498 |
| Viets Joshua J.EVP & COO | 77,037 |
| Lacy Christopher WEVP - GENERAL COUNSEL | 59,031 |
| Steck BrianDirector | 20,258 |
| Gallagher MatthewDirector | 20,248 |
| Johnson S P IVDirector | 19,895 |
| Duncan Timothy S.Director | 19,051 |
| Turco Daniel FEVP-MARKETING & COMMERCIAL | 18,508 |
| Raiford BrittanyVP, Interim CFO & Treasurer | 18,448 |
| Duster BenjaminDirector | 17,932 |
Questions about EXE
What does EXPAND ENERGY Corp do?
Expand Energy Corporation explores for, produces, and sells natural gas and natural gas liquids. Formed from the merger of Chesapeake Energy and Southwestern Energy, it operates primarily in the Haynesville and Marcellus shale basins. The company supplies natural gas to utility providers, power plants, and industrial consumers across North America. Its shares trade on NASDAQ under the ticker EXE.
What is EXPAND ENERGY Corp's net worth?
EXPAND ENERGY Corp has a market value (market cap) of $20.6B at the latest share price, and shareholders' equity of $19.4B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is EXPAND ENERGY Corp profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $2.8B on revenue of $13.6B, a net margin of 20.5%.
How much revenue does EXPAND ENERGY Corp make?
Over the twelve months to June 30, 2026 EXPAND ENERGY Corp reported revenue of $13.6B. That is 59.3% more than a year earlier.
When did EXPAND ENERGY Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 28, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the material agreement from October 6, 2026.
When is EXPAND ENERGY Corp's next earnings report?
EXPAND ENERGY Corp's next report is expected around October 27, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values EXPAND ENERGY Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.