EXE EXPAND ENERGY Corp

Overview and Growth

Fiscal 2025 results for EXPAND ENERGY Corp combined $12.12B of revenue with net income of $1.82B and an operating cash inflow of $4.58B. The $12.12B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 186.3% above fiscal 2024 revenue of $4.24B, marking a year-over-year increase. On a per-share basis, diluted EPS was $7.57, which connects the reported earnings outcome with the company’s diluted share count. Asset turnover was 0.43x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Operating income was $2.47B, the earnings remaining from reported operations after the company’s recognized operating cost structure. Operating margin measured 20.4%, showing the portion of revenue preserved after the full set of operating costs. After all reported below-operating-line items, the company recorded net income of $1.82B for the fiscal year. Measured against reported revenue, net income produced a 15.0% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $2.28B of earnings, providing a bridge between the operating result and final net income. The pretax margin was 18.8%, relating income before taxes directly to revenue. Income tax expense totaled $463.00M, providing the reported tax component that separates pretax and after-tax earnings. The effective relationship between income tax and positive pretax income was 20.3%, without assuming a statutory-rate comparison. Net income equaled 9.8% of period-end equity, showing the earnings generated on shareholders’ book capital. Net income represented 6.4% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

Total assets were $28.29B, supported by $9.71B of liabilities and $18.58B of shareholder equity. The near-term balance sheet paired $2.92B of current assets with $2.90B of current liabilities at the reporting date. The current ratio was 1.01x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $616.00M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 21.2% of current liabilities, showing how much near-term coverage came from cash alone. Borrowings totaled $5.01B, adding a fixed financing obligation alongside the company’s equity capital. The debt-to-equity relationship was 0.27x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 17.7%, showing how much of the asset base was matched by borrowing. Liabilities represented 34.3% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 2.2% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 1.4% from $27.89B in fiscal 2024, leaving current total assets higher year over year. Against $17.57B of equity in fiscal 2024, the current book-equity balance moved 5.8% and ended higher.

Cash Flow and Earnings Quality

Cash flow from operations was $4.58B, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 2.52x of net income, showing how strongly accounting earnings converted into cash from operations. Capital spending was $2.74B, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 59.8%, connecting investment intensity with the company’s cash-generation base. The combination of operating cash flow and capital spending produced $1.84B of positive free cash flow for the period. Free cash flow represented 15.2% of revenue, linking post-investment cash generation with the company’s operating scale. The free-cash-flow-to-assets relationship was 6.5%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.