Revenue: As of FY2025 Q3, the actual value is USD 2.966 B.

EPS: As of FY2025 Q3, the actual value is USD 2.28.

EBIT: As of FY2025 Q3, the actual value is USD 776 M.

Segment Revenue

• Natural Gas, Oil and NGL Sales:
  • Three Months Ended September 30, 2025: $1,850 million
  • Three Months Ended September 30, 2024: $407 million
  • Nine Months Ended September 30, 2025: $6,171 million
  • Nine Months Ended September 30, 2024: $1,374 million.

Operational Metrics

• Net Income:
  • Three Months Ended September 30, 2025: $547 million
  • Three Months Ended September 30, 2024: - $114 million
  • Nine Months Ended September 30, 2025: $1,266 million
  • Nine Months Ended September 30, 2024: - $315 million.
• Gross Margin:
  • Three Months Ended September 30, 2025: 24.4%
  • Three Months Ended September 30, 2024: 23.9%
  • Nine Months Ended September 30, 2025: 24.5%
  • Nine Months Ended September 30, 2024: 24.1%.
• Operating Profit:
  • Three Months Ended September 30, 2025: $725 million
  • Three Months Ended September 30, 2024: - $155 million
  • Nine Months Ended September 30, 2025: $1,726 million
  • Nine Months Ended September 30, 2024: - $417 million.
• Operating Margin:
  • Three Months Ended September 30, 2025: 24.4%
  • Three Months Ended September 30, 2024: 23.9%
  • Nine Months Ended September 30, 2025: 24.5%
  • Nine Months Ended September 30, 2024: 24.1%.
• Operating Costs:
  • Three Months Ended September 30, 2025: $2,241 million
  • Three Months Ended September 30, 2024: $803 million
  • Nine Months Ended September 30, 2025: $7,126 million
  • Nine Months Ended September 30, 2024: $2,651 million.

Cash Flow

• Operating Cash Flow:
  • Nine Months Ended September 30, 2025: $3,619 million
  • Nine Months Ended September 30, 2024: $1,183 million.
• Free Cash Flow:
  • Nine Months Ended September 30, 2025: - $1,943 million
  • Nine Months Ended September 30, 2024: - $959 million.

Unique Metrics

• Capital Expenditures:
  • Nine Months Ended September 30, 2025: $2,124 million
  • Nine Months Ended September 30, 2024: $936 million.
• Proved Natural Gas and Oil Properties:
  • September 30, 2025: $25,577 million
  • December 31, 2024: $23,093 million.
• Unproved Properties:
  • September 30, 2025: $5,516 million
  • December 31, 2024: $5,897 million.

Future Outlook and Strategy

• Core Business Focus: Expand Energy aims to create shareholder value through the responsible development of its significant resource plays while continuing to be a leading provider of natural gas to markets in need. The company plans to allocate human resources and capital expenditures to projects offering the highest cash return on capital invested, deploy leading drilling and completion technology, and take advantage of acquisition and divestiture opportunities to strengthen its portfolio. Additionally, the company intends to continue dedicating capital to projects designed to reduce the environmental impact of its production activities.
• Non-Core Business: The company has assumed Southwestern’s oilfield service business, which will allow for some vertical integration of its exploration and production operations, potentially helping to control costs and secure inputs for its operations.
• Priority: Expand Energy has established goals to achieve net zero (Scope 1 and 2) greenhouse gas emissions by 2035 and maintain 100% responsibly sourced gas (RSG) certification across its portfolio.