EXE (Expand Energy Corporation) Stock Financials & Earnings | Market Cap Arena

EXE (Expand Energy Corporation) Stock Financials & Earnings | Market Cap Arena

EXEExpand Energy Corporation

Mkt Cap$26B

Energy·Oil & Gas Exploration & Production·🇺🇸 United States·NASDAQ

Revenue (TTM)$11.9B

Net Income (TTM)$1.8B

EPS (TTM)$7.53

Free Cash Flow (TTM)$1.7B

Gross Margin50.1%

Op. Margin19.2%

Net Margin15.3%

FCF Margin14.3%

P/S Ratio (TTM)2.2x

P/E Ratio (TTM)14.2x

YoY Rev Growth+181.8%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$3.0B	$2.3B	$1.8B
Q2 23	$1.4B	$96M	$517M
Q3 23	$1.5B	$865M	$79M
Q4 23	$1.8B	$1.2B	$726M
Q1 24	$1.1B	$442M	$32M
Q2 24	$503M	-$189M	-$294M
Q3 24	$646M	$109M	-$155M
Q4 24	$2.0B	$638M	-$386M
Q1 25	$2.2B	$775M	-$268M
Q2 25	$3.7B	$1.4B	$1.3B
Q3 25	$3.0B	$2.4B	$725M
Q4 25	$3.0B	$1.4B	$557M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	1.9x	3.6x
Q2 23	2.2x	4.1x
Q3 23	2.6x	4.7x
Q4 23	3.3x	10.6x
Q1 24	4.4x	24.4x
Q2 24	5.3x	58.8x
Q3 24	6.4x	101.3x
Q4 24	6.1x	—
Q1 25	4.8x	—
Q2 25	3.0x	124.9x
Q3 25	2.4x	29.7x
Q4 25	2.2x	14.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$889M	$392M
Q2 23	$515M	-$15M
Q3 23	$506M	$83M
Q4 23	$470M	$91M
Q1 24	$552M	$131M
Q2 24	$209M	-$93M
Q3 24	$418M	$120M
Q4 24	$382M	-$154M
Q1 25	$1.1B	$533M
Q2 25	$1.3B	$665M
Q3 25	$1.2B	$426M
Q4 25	$945M	$78M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$497M
Q2 23	$530M
Q3 23	$423M
Q4 23	$379M
Q1 24	$421M
Q2 24	$302M
Q3 24	$298M
Q4 24	$536M
Q1 25	$563M
Q2 25	$657M
Q3 25	$775M
Q4 25	$867M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+362.7%	-16.2%
Q2 23	-59.4%	-58.2%
Q3 23	-52.2%	-33.6%
Q4 23	-56.1%	-42.9%
Q1 24	-64.6%	-14.3%
Q2 24	-64.6%	-11.6%
Q3 24	-57.3%	-44.1%
Q4 24	+10.5%	+120.2%
Q1 25	+104.7%	+136.7%
Q2 25	+632.8%	+203.3%
Q3 25	+359.1%	+179.8%
Q4 25	+52.4%	+4.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$7M	0.2%
Q2 23	$9M	0.6%
Q3 23	-$16M	-1.1%
Q4 23	$8M	0.4%
Q1 24	$9M	0.8%
Q2 24	$10M	2.0%
Q3 24	$10M	1.5%
Q4 24	$9M	0.5%
Q1 25	$9M	0.4%
Q2 25	$13M	0.4%
Q3 25	$12M	0.4%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$35M	$651M
Q2 23	$31M	—
Q3 23	$29M	$723M
Q4 23	$32M	$514M
Q1 24	$47M	$323M
Q2 24	$47M	—
Q3 24	$39M	$192M
Q4 24	$53M	$654M
Q1 25	$47M	$919M
Q2 25	$40M	—
Q3 25	$45M	$666M
Q4 25	$49M	$799M

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$130M	$0	$130M
Q2 23	$903M	$0	$903M
Q3 23	$713M	$0	$713M
Q4 23	$1.1B	$0	$1.1B
Q1 24	$1.2B	$0	$1.2B
Q2 24	$1.0B	$0	$1.0B
Q3 24	$1.0B	$0	$1.0B
Q4 24	$317M	$0	$317M
Q1 25	$349M	$0	$349M
Q2 25	$806M	$46M	$852M
Q3 25	$691M	$157M	$848M
Q4 25	$696M	$264M	$960M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	145M	-1.1%
Q2 23	143M	-1.0%
Q3 23	142M	-0.6%
Q4 23	141M	-0.6%
Q1 24	142M	+0.2%
Q2 24	131M	-7.5%
Q3 24	134M	+2.0%
Q4 24	232M	+73.1%
Q1 25	234M	+1.3%
Q2 25	241M	+2.6%
Q3 25	241M	+0.0%
Q4 25	240M	-0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$4M	6K
FY 15	$3M	4K
FY 16	$2M	3K
FY 17	$3M	3K
FY 18	$4M	2K
FY 19	$4M	2K
FY 20	$4M	1K
FY 21	$6M	1K
FY 22	$10M	1K
FY 23	$8M	1K
FY 24	$2M	2K
FY 25	$7M	2K