EXPAND ENERGY Corp
For the period ended Sep 30, 2025. Filed Oct 28, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 28, 2025
EXE$87.94+2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Financial Statements (Unaudited)
| ($ in millions, except per share data) | September 30, 2025 | December 31, 2024 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $613 | $317 |
| Restricted cash | 78 | 78 |
| Accounts receivable, net | 1,026 | 1,226 |
| Derivative assets | 157 | 84 |
| Other current assets | 367 | 292 |
| Total current assets | 2,241 | 1,997 |
| Property and equipment: | ||
| Natural gas and oil properties, successful efforts method | ||
| Proved natural gas and oil properties | 25,577 | 23,093 |
| Unproved properties | 5,516 | 5,897 |
| Other property and equipment | 702 | 654 |
| Total property and equipment | 31,795 | 29,644 |
| Less: accumulated depreciation, depletion and amortization | (7,559) | (5,362) |
| Total property and equipment, net | 24,236 | 24,282 |
| Long-term derivative assets | 10 | 1 |
| Deferred income tax assets | 273 | 589 |
| Other long-term assets | 846 | 1,025 |
| Total assets | $27,606 | $27,894 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | $830 | $777 |
| Current maturities of long-term debt, net | — | 389 |
| Accrued interest | 57 | 100 |
| Derivative liabilities | 12 | 71 |
| Other current liabilities | 1,867 | 1,786 |
| Total current liabilities | 2,766 | 3,123 |
| Long-term debt, net | 5,010 | 5,291 |
| Long-term derivative liabilities | 27 | 68 |
| Asset retirement obligations, net of current portion | 525 | 499 |
| Long-term contract liabilities | 1,027 | 1,227 |
| Other long-term liabilities | 101 | 121 |
| Total liabilities | 9,456 | 10,329 |
| Contingencies and commitments (Note 5) | ||
| Stockholders' equity: | ||
| Common stock, $0.01 par value, 450,000,000 shares authorized: 238,150,070 and 231,769,886 shares issued | 2 | 2 |
| Additional paid-in capital | 13,733 | 13,687 |
| Retained earnings | 4,415 | 3,876 |
| Total stockholders' equity | 18,150 | 17,565 |
| Total liabilities and stockholders' equity | $27,606 | $27,894 |
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