EXPAND ENERGY CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures adjusted for later stock splits (split ratios inferred from EPS restated in later SEC filings).
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 5,009 | 21.2 |
| Stockholders' equity | 18,578 | 78.8 |
| Total capitalization | 23,587 | 100.0 |
231,503,789 shares outstanding at 24 July 2026 (cover page of the 10-Q filed 28 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 5,009 |
| Long-term debt, noncurrent | 5,009 |
| Current maturities | 0 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 450,000,000 |
| Common shares issued | 239,249,874 |
| Par or stated value per share ($) | 0.01 |
| Outstanding at 7/24/26 | 231,503,789 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | – | – |
| 2024 | – | – |
| 2023 | – | – |
| 2022 | – | – |
| 2020 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Oklahoma. Formerly known as CHESAPEAKE ENERGY CORP (to 26 September 2024).
BUSINESS: Classified by the SEC under Standard Industrial Classification 1311, Crude Petroleum & Natural Gas. Large accelerated filer. Principal executive office: 10000 Energy Drive, Spring, TX 77389. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 12,124 | 4,235 | 8,721 |
| Depreciation and amortization | 2,980 | 1,729 | 1,527 |
| Operating income | 2,471 | (803) | 3,142 |
| Interest expense | 235 | 123 | 104 |
| Income before income taxes | 2,282 | (841) | 3,117 |
| Income taxes | 463 | (127) | 698 |
| Net income | 1,819 | (714) | 2,419 |
| Earned per share, diluted ($) | 7.57 | (4.55) | 16.92 |
| Dividends per share ($) | – | – | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 616 | 317 |
| Receivables, net | 1,599 | 1,226 |
| Total current assets | 2,916 | 1,997 |
| Property, plant and equipment, net | 24,355 | 24,282 |
| Total assets | 28,287 | 27,894 |
| Total current liabilities | 2,901 | 3,123 |
| Long-term debt | 5,009 | 5,291 |
| Total liabilities | 9,709 | 10,329 |
| Stockholders' equity | 18,578 | 17,565 |
| Total liabilities and equity | 28,287 | 27,894 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 12,124 | 2,471 | 1,819 | 15.0 | 7.57 | – | 4,575 | 2,736 | 1,839 | 28,287 | 9,709 | 5,009 | 18,578 | 9.8 | 0.27 |
| 12/31/24 | 4,235 | (803) | (714) | -16.9 | (4.55) | – | 1,565 | 1,557 | 8 | 27,894 | 10,329 | 5,680 | 17,565 | -4.1 | 0.32 |
| 12/31/23 | 8,721 | 3,142 | 2,419 | 27.7 | 16.92 | – | 2,380 | 1,829 | 551 | 14,376 | 3,647 | 2,028 | 10,729 | 22.5 | 0.19 |
| 12/31/22 | 11,743 | 3,780 | 4,936 | 42.0 | 33.36 | – | 4,125 | 1,823 | 2,302 | 15,468 | 6,344 | 3,000 | 9,124 | 54.1 | 0.33 |
| 12/31/20 | 5,240 | (8,703) | (9,734) | -185.8 | (998.26) | – | 1,164 | 1,142 | 22 | 6,584 | 11,925 | 1,929 | (5,341) | 182.3 | -0.36 |
| 12/31/19 | 8,532 | (31) | (308) | -3.6 | (49.97) | – | 1,623 | – | – | 16,193 | 11,792 | 9,458 | 4,364 | -7.1 | 2.17 |
| 12/31/18 | 10,030 | 382 | 226 | 2.3 | 29.26 | – | 1,730 | – | – | 12,735 | 10,602d | 7,722 | 2,092 | 10.8 | 3.69 |
| 12/31/17 | 10,039 | (138) | (505) | -5.0 | (140.00) | 0.00 | 475 | – | – | 12,425 | 10,482d | 9,973 | (496) | 101.8 | -20.11 |
| 12/31/16 | 7,872 | (4,411) | (4,390) | -55.8 | (225.05) | 0.00 | (204) | 1,446 | (1,650) | 13,028 | 14,231d | 10,441 | (1,331) | 329.8 | -7.84 |
| 12/31/15 | 12,764 | (18,919) | (14,567) | -114.1 | (779.10) | 3.06 | 1,234 | 3,614 | (2,380) | 17,314 | 14,917d | 10,692 | 2,138 | -681.3 | 5.00 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
EXPAND ENERGY Corp
CIK 895126 · EIN 73-1395733
PRINCIPAL OFFICE:
10000 Energy Drive, Spring, TX 77389
Tel.: 346-535-0990
INCORPORATED:
Oklahoma
INDUSTRY (SEC SIC CODE):
1311 · Crude Petroleum & Natural Gas
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 18 February 2026
FORMER NAMES:
CHESAPEAKE ENERGY CORP
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/18/26) · 10-K FY2024 (filed 2/26/25) · 10-K FY2022 (filed 2/22/23) · 10-K FY2021 (filed 2/24/22) · 10-K FY2020 (filed 3/1/21) · 10-K FY2019 (filed 2/27/20) · 10-K FY2018 (filed 2/27/19) · 10-K FY2017 (filed 2/22/18). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.