EXPAND ENERGY Corp
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
EXE$85.96+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| ($ in millions, except per share data) | December 31, 2025 | December 31, 2024 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $616 | $317 |
| Restricted cash | 80 | 78 |
| Accounts receivable, net | 1,599 | 1,226 |
| Derivative assets | 264 | 84 |
| Other current assets | 357 | 292 |
| Total current assets | 2,916 | 1,997 |
| Property and equipment: | ||
| Natural gas and oil properties, successful efforts method | ||
| Proved natural gas and oil properties | 26,606 | 23,093 |
| Unproved properties | 5,478 | 5,897 |
| Other property and equipment | 509 | 654 |
| Total property and equipment | 32,593 | 29,644 |
| Less: accumulated depreciation, depletion and amortization | (8,278) | (5,362) |
| Property and equipment held for sale, net | 40 | — |
| Total property and equipment, net | 24,355 | 24,282 |
| Long-term derivative assets | 47 | 1 |
| Deferred income tax assets | 168 | 589 |
| Other long-term assets | 801 | 1,025 |
| Total assets | $28,287 | $27,894 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | $753 | $777 |
| Current maturities of long-term debt, net | — | 389 |
| Accrued interest | 100 | 100 |
| Derivative liabilities | 3 | 71 |
| Other current liabilities | 2,045 | 1,786 |
| Total current liabilities | 2,901 | 3,123 |
| Long-term debt, net | 5,009 | 5,291 |
| Long-term derivative liabilities | 1 | 68 |
| Asset retirement obligations, net of current portion | 688 | 499 |
| Long-term contract liabilities | 975 | 1,227 |
| Other long-term liabilities | 135 | 121 |
| Total liabilities | 9,709 | 10,329 |
| Contingencies and commitments (Note 5) | ||
| Stockholders' equity: | ||
| Common stock, $0.01 par value, 450,000,000 shares authorized: 239,249,874 and 231,769,886 shares issued | 2 | 2 |
| Additional paid-in capital | 13,746 | 13,687 |
| Retained earnings | 4,830 | 3,876 |
| Total stockholders' equity | 18,578 | 17,565 |
| Total liabilities and stockholders' equity | $28,287 | $27,894 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.