# EXPAND ENERGY Corp: overview

EXE · Nasdaq · CIK 895126 · [Energy](/sectors/energy.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/exe.md) · [Financials](/companies/exe/financials.md) · [Filings](/companies/exe/filings.md) · [Insiders](/companies/exe/insiders.md)

Latest reported revenue: [$3.29bn](/filings/0000895126-26-000068.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 27, 2026 (XBRL us-gaap:Revenues, accession 0000895126-26-000068).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [2,001 d](/filings/0000895126-26-000011.md) | [2,196](/filings/0000895126-26-000028.md) | [3,690](/filings/0000895126-26-000047.md) | [2,966](/filings/0000895126-26-000068.md) | [3,272 d](/filings/0000895126-26-000011.md) | [4,397](/filings/0000895126-26-000028.md) | [2,960](/filings/0000895126-26-000047.md) | [3,286](/filings/0000895126-26-000068.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(19.3%) d](/filings/0000895126-26-000011.md) | [(12.2%)](/filings/0000895126-26-000028.md) | [34.4%](/filings/0000895126-26-000047.md) | [24.4%](/filings/0000895126-26-000068.md) | [22.8% d](/filings/0000895126-26-000011.md) | [34.8%](/filings/0000895126-26-000028.md) | [22.3%](/filings/0000895126-26-000047.md) | [19.5%](/filings/0000895126-26-000068.md) |
| Net margin | % | [(19.9%) d](/filings/0000895126-26-000011.md) | [(11.3%)](/filings/0000895126-26-000068.md) | [26.2%](/filings/0000895126-26-000068.md) | [18.4%](/filings/0000895126-26-000068.md) | [16.9% d](/filings/0000895126-26-000011.md) | [26.4%](/filings/0000895126-26-000068.md) | [17.6%](/filings/0000895126-26-000068.md) | [15.8%](/filings/0000895126-26-000068.md) |
| Diluted EPS | $ per share | not reported | [(1.06)](/filings/0000895126-26-000028.md) | [4.02](/filings/0000895126-26-000047.md) | [2.28](/filings/0000895126-26-000068.md) | not reported | [4.81](/filings/0000895126-26-000028.md) | [2.19](/filings/0000895126-26-000047.md) | [2.24](/filings/0000895126-26-000068.md) |
| Free cash flow | $m | [(154) d](/filings/0000895126-26-000011.md) | [533](/filings/0000895126-26-000028.md) | [665 d](/filings/0000895126-26-000047.md) | [426 d](/filings/0000895126-26-000068.md) | [215 d](/filings/0000895126-26-000011.md) | [1,695](/filings/0000895126-26-000028.md) | [343 d](/filings/0000895126-26-000047.md) | [339 d](/filings/0000895126-26-000068.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2020 (2020-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [5.2](/filings/0000895126-23-000022.md) | [11.7](/filings/0000895126-25-000021.md) | [8.7](/filings/0000895126-26-000011.md) | [4.2](/filings/0000895126-26-000011.md) | [12.1](/filings/0000895126-26-000011.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(166.1%)](/filings/0000895126-23-000022.md) | [32.2%](/filings/0000895126-25-000021.md) | [36.0%](/filings/0000895126-26-000011.md) | [(19.0%)](/filings/0000895126-26-000011.md) | [20.4%](/filings/0000895126-26-000011.md) |
| Net margin | % | [(185.8%)](/filings/0000895126-23-000022.md) | [42.0%](/filings/0000895126-25-000021.md) | [27.7%](/filings/0000895126-26-000011.md) | [(16.9%)](/filings/0000895126-26-000011.md) | [15.0%](/filings/0000895126-26-000011.md) |
| Diluted EPS | $ per share | [(998.26)](/filings/0000895126-23-000022.md) | [33.36](/filings/0000895126-25-000021.md) | [16.92](/filings/0000895126-26-000011.md) | [(4.55)](/filings/0000895126-26-000011.md) | [7.57](/filings/0000895126-26-000011.md) |
| Free cash flow | $bn | [0.0](/filings/0000895126-23-000022.md) | [2.3](/filings/0000895126-25-000021.md) | [0.6](/filings/0000895126-26-000011.md) | [0.0](/filings/0000895126-26-000011.md) | [1.8](/filings/0000895126-26-000011.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/exe/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2022-05-26 | [Blackstone Holdings III L.P.](/insiders/1404073.md) | Former 10% Owner | Sale (S) | 5,045 | $101.0153 | $509.6k | [Form 4](/filings/0000899243-22-020007.md) |
| 2022-05-26 | [Blackstone Holdings III L.P.](/insiders/1404073.md) | Former 10% Owner | Sale (S) | 140,719 | $100.5275 | $14.1m | [Form 4](/filings/0000899243-22-020007.md) |
| 2022-05-25 | [Blackstone Holdings III L.P.](/insiders/1404073.md) | Former 10% Owner | Sale (S) | 4,236 | $100.1071 | $424.1k | [Form 4](/filings/0000899243-22-020007.md) |
| 2022-05-05 | [Blackstone Holdings III L.P.](/insiders/1404073.md) | 10% owner | Sale (S) | 8,700 | $95.0783 | $827.2k | [Form 4](/filings/0000899243-22-017367.md) |
| 2022-04-18 | [Blackstone Holdings III L.P.](/insiders/1404073.md) | 10% owner | Sale (S) | 4,223 | $97.2862 | $410.8k | [Form 4](/filings/0000899243-22-015254.md) |
| 2022-04-18 | [Blackstone Holdings III L.P.](/insiders/1404073.md) | 10% owner | Sale (S) | 41,787 | $96.3726 | $4.0m | [Form 4](/filings/0000899243-22-015254.md) |
| 2022-04-18 | [Blackstone Holdings III L.P.](/insiders/1404073.md) | 10% owner | Sale (S) | 14,306 | $95.6012 | $1.4m | [Form 4](/filings/0000899243-22-015254.md) |
| 2022-04-18 | [Blackstone Holdings III L.P.](/insiders/1404073.md) | 10% owner | Sale (S) | 8,805 | $97.2862 | $856.6k | [Form 4](/filings/0000899243-22-015254.md) |
| 2022-04-18 | [Blackstone Holdings III L.P.](/insiders/1404073.md) | 10% owner | Sale (S) | 87,132 | $96.3726 | $8.4m | [Form 4](/filings/0000899243-22-015254.md) |
| 2022-04-18 | [Blackstone Holdings III L.P.](/insiders/1404073.md) | 10% owner | Sale (S) | 29,832 | $95.6012 | $2.9m | [Form 4](/filings/0000899243-22-015254.md) |
| 2022-04-14 | [Blackstone Holdings III L.P.](/insiders/1404073.md) | 10% owner | Sale (S) | 2,258 | $95.0527 | $214.6k | [Form 4](/filings/0000899243-22-015029.md) |
| 2022-04-14 | [Blackstone Holdings III L.P.](/insiders/1404073.md) | 10% owner | Sale (S) | 4,707 | $95.0527 | $447.4k | [Form 4](/filings/0000899243-22-015029.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.78bn | 19,497,795 |  | Added +860,316 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.42bn | 15,619,960 |  | Added +72,466 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $1.42bn | 15,619,193 |  | Added +1,124,635 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $1.08bn | 11,834,044 |  | Added +476,607 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $611.7m | 6,732,861 |  | Added +110,468 |
| [Capital Research Global Investors](/funds/1422848.md) | 2026-06-30 | $605.8m | 6,643,659 |  | Reduced −155,105 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $552.7m | 6,060,800 |  | Added +1,141,874 |
| [VICTORY CAPITAL MANAGEMENT INC](/funds/1040188.md) | 2026-06-30 | $492.1m | 5,396,426 |  | Added +635,677 |
| [AQR CAPITAL MANAGEMENT LLC](/funds/1167557.md) | 2026-06-30 | $491.1m | 5,384,978 |  | Added +1,530,775 |
| [OAKTREE CAPITAL MANAGEMENT LP](/funds/949509.md) | 2026-06-30 | $477.6m | 5,237,477 |  | Unchanged |

## Recent filings

[All 2,201 filings](/companies/exe/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-27 | 16:05 ET | [10-Q](/filings/0000895126-26-000068.md) | Quarterly report, period 2026-09-30 | 0000895126-26-000068 |
| 2026-10-27 | 16:03 ET | [8-K](/filings/0000895126-26-000067.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000895126-26-000067 |
| 2026-10-19 | 08:09 ET | [8-K](/filings/0001104659-26-116739.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-116739 |
| 2026-10-13 | 16:29 ET | [8-K](/filings/0000895126-26-000057.md) | 5.02 Departure or appointment of officers or directors | 0000895126-26-000057 |
| 2026-10-06 | 16:11 ET | [8-K](/filings/0001104659-26-114046.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001104659-26-114046 |
| 2026-09-17 | 16:11 ET | [8-K](/filings/0001104659-26-108570.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-108570 |
| 2026-09-16 | 16:01 ET | [8-K](/filings/0000895126-26-000053.md) | 5.02 Departure or appointment of officers or directors; 8.01 Other events | 0000895126-26-000053 |
| 2026-09-16 | 19:04 ET | [8-K](/filings/0001104659-26-108003.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-108003 |
| 2026-07-30 | 07:01 ET | [8-K](/filings/0001104659-26-088451.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-088451 |
| 2026-07-28 | 16:03 ET | [10-Q](/filings/0000895126-26-000047.md) | Quarterly report, period 2026-06-30 | 0000895126-26-000047 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000895126-26-000011.md), filed Feb 18, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, has been scored from the reported figures. [See the target](/leagues/2026q3/targets/004e80dd-c963-4ddf-a411-a7a2faa70637)

## About the filer

- CIK: 895126
- Tickers: EXE
- Exchange: Nasdaq
- SIC code: 1311 Crude Petroleum & Natural Gas
- State of incorporation: OK
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 04:31 ET. No prices; not investment advice.