EXPAND ENERGY Corp
For the period ended Sep 30, 2026. Filed Oct 27, 2026.
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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, 2026 · Filed Oct 27, 2026
EXE$87.94+2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| ($ in millions, except per share data) | 2026 | 2025 | 2026 | 2025 |
| Revenues and other: | ||||
| Natural gas, oil and NGL | $1,881 | $1,850 | $7,026 | $6,171 |
| Marketing | 927 | 666 | 2,820 | 2,364 |
| Gains on derivatives | 464 | 451 | 784 | 314 |
| Gains (losses) on sales of assets | 14 | (1) | 13 | 3 |
| Total revenues and other | 3,286 | 2,966 | 10,643 | 8,852 |
| Operating expenses: | ||||
| Production | 168 | 169 | 521 | 467 |
| Gathering, processing and transportation | 678 | 608 | 2,002 | 1,734 |
| Severance and ad valorem taxes | 61 | 48 | 181 | 145 |
| Exploration | 19 | 3 | 49 | 30 |
| Marketing | 888 | 659 | 2,658 | 2,369 |
| General and administrative | 50 | 45 | 163 | 132 |
| Separation and other termination costs | 3 | 5 | 12 | 5 |
| Depreciation, depletion and amortization | 750 | 741 | 2,183 | 2,221 |
| Other operating expense (income), net | 29 | (37) | 42 | 23 |
| Total operating expenses | 2,646 | 2,241 | 7,811 | 7,126 |
| Income from operations | 640 | 725 | 2,832 | 1,726 |
| Other income (expense): | ||||
| Interest expense | (44) | (57) | (146) | (176) |
| Gains on purchases, exchanges or extinguishments of debt | — | 1 | 37 | 4 |
| Other income, net | 12 | 17 | 46 | 41 |
| Total other income (expense) | (32) | (39) | (63) | (131) |
| Income before income taxes | 608 | 686 | 2,769 | 1,595 |
| Income tax expense | 89 | 139 | 569 | 329 |
| Net income | $519 | $547 | $2,200 | $1,266 |
| Earnings per common share: | ||||
| Basic | $2.24 | $2.30 | $9.30 | $5.34 |
| Diluted | $2.24 | $2.28 | $9.29 | $5.27 |
| Weighted average common shares outstanding (in thousands): | ||||
| Basic | 231,555 | 238,221 | 236,529 | 236,890 |
| Diluted | 231,731 | 239,893 | 236,909 | 240,373 |
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