EXPAND ENERGY Corp
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
EXE$85.96+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| ($ in millions, except per share data) | 2024 | 2023 | 2022 |
| Revenues and other: | |||
| Natural gas, oil and NGL | $2,969 | $3,547 | $9,892 |
| Marketing | 1,290 | 2,500 | 4,231 |
| Natural gas, oil and NGL derivatives | (38) | 1,728 | (2,680) |
| Gains on sales of assets | 14 | 946 | 300 |
| Total revenues and other | 4,235 | 8,721 | 11,743 |
| Operating expenses: | |||
| Production | 316 | 356 | 475 |
| Gathering, processing and transportation | 1,035 | 853 | 1,059 |
| Severance and ad valorem taxes | 97 | 167 | 242 |
| Exploration | 10 | 27 | 23 |
| Marketing | 1,310 | 2,499 | 4,215 |
| General and administrative | 186 | 127 | 142 |
| Separation and other termination costs | 23 | 5 | 5 |
| Depreciation, depletion and amortization | 1,729 | 1,527 | 1,753 |
| Other operating expense, net | 332 | 18 | 49 |
| Total operating expenses | 5,038 | 5,579 | 7,963 |
| Income (loss) from operations | (803) | 3,142 | 3,780 |
| Other income (expense): | |||
| Interest expense | (123) | (104) | (160) |
| Losses on purchases, exchanges or extinguishments of debt | (1) | — | (5) |
| Other income, net | 86 | 79 | 36 |
| Total other income (expense) | (38) | (25) | (129) |
| Income (loss) before income taxes | (841) | 3,117 | 3,651 |
| Income tax expense (benefit) | (127) | 698 | (1,285) |
| Net income (loss) | (714) | 2,419 | 4,936 |
| Deemed dividend on warrants | — | — | (67) |
| Net income (loss) available to common stockholders | $(714) | $2,419 | $4,869 |
| Earnings (loss) per common share: | |||
| Basic | $(4.55) | $18.21 | $38.71 |
| Diluted | $(4.55) | $16.92 | $33.36 |
| Weighted average common shares outstanding (in thousands): | |||
| Basic | 156,989 | 132,840 | 125,785 |
| Diluted | 156,989 | 142,976 | 145,961 |
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