Expand Energy Corporation (EXE) Income Statement
EXE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEXE revenue and net income
Where EXE's revenue goes
2025Each bar shows an amount and its share of revenue. EXE kept 15.6% of revenue as net income.
EXE profit margins
EXE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +176.0% | +0.6% | +17.5% | −0.9% |
| Gross profit | +374.8% | −12.7% | +54.3% | +44.0% |
| Operating income | — | −18.6% | — | — |
| Net income | — | −28.3% | — | — |
| EPS (diluted) | +375.8% | −29.3% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EXE quarterly EPS vs estimates
Expand Energy beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 27, 2026 (estimate $1.28).
EXE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.65B | $4.22B | $7.78B | $11.44B | $7.30B | $5.21B | $8.49B | $10.23B | $9.50B | $7.87B |
| Cost of revenue | $6.23B | $3.08B | $2.74B | $3.29B | $4.88B | $4.59B | $8.09B | $8.96B | $8.42B | $8.52B |
| Gross profit | $5.42B | $1.14B | $5.04B | $8.16B | $2.42B | $620.0M | $396.0M | $1.27B | $1.08B | −$652.0M |
| Sales, general & admin | $3.34B | $1.50B | $127.0M | $4.36B | $118.0M | $380.0M | $315.0M | $335.0M | $404.0M | $240.0M |
| Total operating expenses | $3.38B | $1.94B | $1.90B | $4.38B | $95.0M | $9.32B | $427.0M | $893.0M | $1.22B | $3.76B |
| Operating income | $2.04B | −$803.0M | $3.14B | $3.78B | $2.33B | −$8.70B | −$31.0M | $382.0M | −$138.0M | −$4.41B |
| Interest income | — | $7.0M | $9.0M | $3.0M | — | $87.0M | — | — | — | — |
| Interest expense | $235.0M | $123.0M | $104.0M | $160.0M | $84.0M | $331.0M | $652.0M | $634.0M | $425.0M | $286.0M |
| Income before taxes | $2.28B | −$841.0M | $3.12B | $3.65B | $6.22B | −$9.77B | −$639.0M | $218.0M | −$500.0M | −$4.59B |
| Income taxes | $463.0M | −$127.0M | $698.0M | −$1.28B | −$106.0M | −$19.0M | −$331.0M | −$10.0M | $2.0M | −$190.0M |
| Net income | $1.82B | −$714.0M | $2.42B | $4.94B | $6.33B | −$9.73B | −$308.0M | $226.0M | −$505.0M | −$4.39B |
| EBITDA | $5.50B | $1.02B | $4.76B | $5.56B | $7.30B | −$8.20B | $2.28B | $2.59B | $1.94B | −$3.19B |
| EPS (diluted) | $6.09 | $1.28 | $4.91 | $17.24 | $9.12 | −$944.69 | −$0.18 | $40.50 | −$95.92 | −$1149.21 |
| Gross margin | 46.5% | 27.0% | 64.8% | 71.3% | 33.1% | 11.9% | 4.7% | 12.5% | 11.4% | −8.3% |
| Operating margin | 17.5% | −19.0% | 40.4% | 33.0% | 31.8% | −167.0% | −0.4% | 3.7% | −1.5% | −56.0% |
| Net margin | 15.6% | −16.9% | 31.1% | 43.1% | 86.7% | −186.8% | −3.6% | 2.2% | −5.3% | −55.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.96B | $4.40B | $3.05B | $2.97B | $3.69B | $2.20B | $2.00B | $646.0M | $503.0M | $1.07B | $1.81B | $1.51B |
| Cost of revenue | $634.0M | $2.06B | $1.63B | $608.0M | $2.27B | $1.42B | $1.36B | $537.0M | $692.0M | $631.0M | $632.0M | $647.0M |
| Gross profit | $2.33B | $2.34B | $1.41B | $2.36B | $1.41B | $775.0M | $638.0M | $109.0M | −$189.0M | $442.0M | $1.18B | $865.0M |
| Sales, general & admin | $731.0M | $99.0M | $848.0M | $711.0M | $40.0M | $966.0M | $707.0M | $231.0M | $50.0M | $370.0M | $32.0M | $752.0M |
| Total operating expenses | $1.67B | $810.0M | $857.0M | $1.63B | $143.0M | $1.04B | $1.02B | $264.0M | $105.0M | $410.0M | $451.0M | $786.0M |
| Operating income | $661.0M | $1.53B | $557.0M | $725.0M | $1.27B | −$268.0M | −$386.0M | −$155.0M | −$294.0M | $32.0M | $726.0M | $79.0M |
| Interest income | — | — | — | — | — | $0 | $1.0M | $3.0M | $3.0M | $2.0M | $2.0M | $2.0M |
| Interest expense | $43.0M | $59.0M | $59.0M | $57.0M | $60.0M | $59.0M | $64.0M | $20.0M | $20.0M | $19.0M | $22.0M | $23.0M |
| Income before taxes | $672.0M | $1.49B | $687.0M | $686.0M | $1.23B | −$319.0M | −$421.0M | −$158.0M | −$295.0M | $33.0M | $735.0M | $71.0M |
| Income taxes | $150.0M | $330.0M | $134.0M | $139.0M | $260.0M | −$70.0M | −$22.0M | −$44.0M | −$68.0M | $7.0M | $166.0M | $1.0M |
| Net income | $522.0M | $1.16B | $553.0M | $547.0M | $968.0M | −$249.0M | −$399.0M | −$114.0M | −$227.0M | $26.0M | $569.0M | $70.0M |
| EBITDA | $1.38B | $2.26B | $1.50B | $1.48B | $2.06B | $451.0M | $289.0M | $200.0M | $76.0M | $453.0M | $1.14B | $478.0M |
| EPS (diluted) | $1.33 | $3.83 | $2.00 | $0.97 | $1.10 | $2.02 | $0.55 | $0.16 | $0.01 | $0.56 | $1.31 | $1.09 |
| Gross margin | 78.6% | 53.2% | 46.4% | 79.5% | 38.3% | 35.3% | 31.9% | 16.9% | −37.6% | 41.2% | 65.1% | 57.2% |
| Operating margin | 22.3% | 34.8% | 18.3% | 24.4% | 34.4% | −12.2% | −19.3% | −24.0% | −58.4% | 3.0% | 40.1% | 5.2% |
| Net margin | 17.6% | 26.4% | 18.1% | 18.4% | 26.3% | −11.3% | −20.0% | −17.6% | −45.1% | 2.4% | 31.5% | 4.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EXE's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EXE financial results
In fiscal year 2025 (ended December 31, 2025), Expand Energy reported revenue of $11.6 billion, up 176.0% from the year before. It had net income of $1.8 billion, a net profit margin of 15.6%. Diluted earnings per share came to $6.09. Over five years revenue grew at an average rate of 17.5% a year.
See the EXE stock overview for the latest quote and news, or the EXE chart for price history and technical indicators.
EXE income statement FAQ
What is Expand Energy's annual revenue?
Expand Energy reported total revenue of $11.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 176.0% from $4.2 billion the previous year.
Is Expand Energy profitable?
Yes. Expand Energy reported net income of $1.8 billion in fiscal 2025, a net profit margin of 15.6%; its operating margin was 17.5%.
What is Expand Energy's gross margin?
Expand Energy's gross margin was 46.5% in fiscal 2025: for every $100 of revenue, Expand Energy kept $47 after the direct cost of its products and services.
How fast is Expand Energy growing?
Revenue grew 17.5% a year on average over the last five fiscal years, from $5.2 billion to $11.6 billion.
What are Expand Energy's earnings per share?
Expand Energy earned $6.09 per diluted share in fiscal 2025, compared with $1.28 a year earlier.
When will Expand Energy report its next earnings?
Expand Energy is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does Expand Energy's fiscal year end?
Expand Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.