Expand Energy Corporation (EXEEW) 10-Year Financial Performance & Capital Metrics

EXEEW • • Industrial / General

EnergyOil & Gas EnergyNatural Gas-Focused E&PUnconventional Shale Gas Developers

AboutExpand Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana. As of December 31, 2023, the company owns a portfolio of onshore U.S. unconventional natural gas assets, including interests in approximately 5,000 natural gas wells. The company was formerly known as Chesapeake Energy Corporation and changed its name to Expand Energy Corporation in October 2024. Expand Energy Corporation was founded in 1989 and is based in Oklahoma City, Oklahoma.Show more

Revenue $4.25B -29.5%
EBITDA $969M -51.3%
Net Income -$714M -129.5%
EPS (Diluted) -5.05 -129.6%
Gross Margin -5.69% -156.4%
EBITDA Margin 22.77% -30.9%
Operating Margin -17.86% -332.4%
Net Margin -16.78% -141.9%
ROE -5.05% -120.7%
ROIC -3.28% -212.5%
Debt/Equity 0.33 +66.3%
Interest Coverage -6.18 -238.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 28.7%
✓Healthy dividend yield of 2.6%
✓Trading at only 0.8x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Sales declining 13.0% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-15.19%

5Y-13.02%

3Y-16.47%

TTM288.81%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM241.34%

EPS CAGR

10Y-

5Y-

3Y-

TTM-3.91%

ROCE

10Y Avg10.41%

5Y Avg17.5%

3Y Avg18.89%

Latest-4.02%

Peer Comparison

Unconventional Shale Gas Developers

Name	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
EXEELExpand Energy Corporation	88.60	-19.47	-45.71%	7.99%	4.78%	0.33
EXEEWExpand Energy Corporation	105.00	-20.79	-29.53%	7.17%	4.78%	0.33
EXEEZExpand Energy Corporation	97.50	-21.43	-29.53%	7.17%	4.78%	0.33

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	11.84B	8.75B	9.09B	10.33B	8.55B	4.61B	7.3B	14.12B	6.04B	4.25B
Revenue Growth %	-0.46%	-0.26%	0.04%	0.14%	-0.17%	-0.46%	0.58%	0.93%	-0.57%	-0.3%
Cost of Goods Sold+	12.62B	8.52B	7.71B	9.12B	8.18B	5.02B	4.88B	7.77B	5.43B	4.5B
COGS % of Revenue	1.07%	0.97%	0.85%	0.88%	0.96%	1.09%	0.67%	0.55%	0.9%	1.06%
Gross Profit+	-779M	223M	1.37B	1.21B	370M	-403M	2.42B	6.36B	609M	-242M
Gross Margin %	-0.07%	0.03%	0.15%	0.12%	0.04%	-0.09%	0.33%	0.45%	0.1%	-0.06%
Gross Profit Growth %	-1.27%	1.29%	5.14%	-0.12%	-0.69%	-2.09%	7%	1.63%	-0.9%	-1.4%
Operating Expenses+	235M	240M	224M	335M	332M	267M	95M	191M	145M	518M
OpEx % of Revenue	0.02%	0.03%	0.02%	0.03%	0.04%	0.06%	0.01%	0.01%	0.02%	0.12%
Selling, General & Admin	235M	240M	262M	335M	315M	267M	118M	142M	127M	1.48B
SG&A % of Revenue	0.02%	0.03%	0.03%	0.03%	0.04%	0.06%	0.02%	0.01%	0.02%	0.35%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	-38M	0	17M	0	-23M	49M	18M	-958M
Operating Income+	-1.01B	-17M	1.15B	875M	38M	-670M	2.33B	6.17B	464M	-760M
Operating Margin %	-0.09%	-0%	0.13%	0.08%	0%	-0.15%	0.32%	0.44%	0.08%	-0.18%
Operating Income Growth %	-1.39%	0.98%	68.41%	-0.24%	-0.96%	-18.63%	4.47%	1.65%	-0.92%	-2.64%
EBITDA+	1.22B	1.09B	2.14B	2.71B	2.36B	845M	3.32B	7.92B	1.99B	969M
EBITDA Margin %	0.1%	0.12%	0.24%	0.26%	0.28%	0.18%	0.45%	0.56%	0.33%	0.23%
EBITDA Growth %	-0.78%	-0.1%	0.96%	0.26%	-0.13%	-0.64%	2.93%	1.38%	-0.75%	-0.51%
D&A (Non-Cash Add-back)	2.23B	1.11B	995M	1.83B	2.32B	1.51B	995M	1.75B	1.53B	1.73B
EBIT	-18.77B	-4.3B	1.38B	852M	13M	-9.44B	6.31B	3.81B	3.22B	-718M
Net Interest Income+	-323M	-286M	-425M	-634M	-652M	-331M	-84M	-160M	-104M	-123M
Interest Income	6M	0	0	0	0	0	0	0	0	0
Interest Expense	329M	286M	425M	634M	652M	331M	84M	160M	104M	123M
Other Income/Expense	-18.08B	-4.57B	-191M	-657M	-677M	-9.1B	3.9B	-2.51B	2.65B	-81M
Pretax Income+	-19.1B	-4.59B	955M	218M	-639M	-9.77B	6.22B	3.65B	3.12B	-841M
Pretax Margin %	-1.61%	-0.52%	0.11%	0.02%	-0.07%	-2.12%	0.85%	0.26%	0.52%	-0.2%
Income Tax+	-4.46B	-190M	2M	-10M	-331M	-19M	-106M	-1.28B	698M	-127M
Effective Tax Rate %	0.77%	0.96%	0.98%	1.03%	0.48%	1%	1.02%	1.35%	0.78%	0.85%
Net Income+	-14.69B	-4.39B	939M	225M	-308M	-9.73B	6.33B	4.94B	2.42B	-714M
Net Margin %	-1.24%	-0.5%	0.1%	0.02%	-0.04%	-2.11%	0.87%	0.35%	0.4%	-0.17%
Net Income Growth %	-11.17%	0.7%	1.21%	-0.76%	-2.37%	-30.6%	1.65%	-0.22%	-0.51%	-1.3%
Net Income (Continuing)	-14.63B	-4.4B	953M	228M	-308M	-9.75B	6.33B	4.94B	2.42B	-714M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	259M	128M	124M	41M	37M	0	0	0	0	0
EPS (Diluted)+	-4436.56	-1149.21	180.00	49.50	-37.00	-995.27	53.66	33.96	17.04	-5.05
EPS Growth %	-12.86%	0.74%	1.16%	-0.72%	-1.75%	-25.9%	1.05%	-0.37%	-0.5%	-1.3%
EPS (Basic)	-4436.56	-1149.21	180.00	49.50	-37.00	-995.27	53.66	38.65	18.38	-5.45
Diluted Shares Outstanding	33.1M	38.2M	45.3M	45.45M	83.25M	97.8M	117.92M	145.37M	141.92M	141.49M
Basic Shares Outstanding	33.1M	38.2M	45.3M	45.45M	83.25M	97.8M	117.92M	127.71M	131.58M	131M
Dividend Payout Ratio	-	-	-	-	-	-	0.02%	0.25%	0.2%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.48B	2.14B	1.52B	1.6B	1.25B	1.11B	2.1B	2.7B	2.61B	2B
Cash & Short-Term Investments	1.19B	882M	32M	213M	140M	298M	905M	226M	1.08B	317M
Cash Only	825M	882M	5M	4M	6M	279M	905M	192M	1.08B	317M
Short-Term Investments	366M	0	27M	209M	134M	19M	0	34M	0	0
Accounts Receivable	1.13B	1.06B	1.32B	1.25B	990M	746M	1.11B	1.44B	593M	1.23B
Days Sales Outstanding	34.79	44.11	53.11	44.07	42.28	59.01	55.74	37.16	35.85	105.17
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	160M	203M	171M	138M	121M	64M	83M	1.03B	937M	454M
Total Non-Current Assets+	14.83B	10.89B	10.9B	11.14B	14.94B	5.48B	8.91B	13.03B	11.77B	25.9B
Property, Plant & Equipment	14.2B	10.58B	10.66B	10.8B	14.77B	5.26B	8.8B	11.19B	10.1B	24.28B
Fixed Asset Turnover	0.83x	0.83x	0.85x	0.96x	0.58x	0.88x	0.83x	1.26x	0.60x	0.18x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	382M	0	0	76M	0	0	0	47M	0	308M
Other Non-Current Assets	249M	290M	236M	-561M	174M	215M	104M	185M	737M	718M
Total Assets+	17.31B	13.03B	12.43B	12.73B	16.19B	6.58B	11.01B	15.73B	14.38B	27.89B
Asset Turnover	0.68x	0.67x	0.73x	0.81x	0.53x	0.70x	0.66x	0.90x	0.42x	0.15x
Asset Growth %	-0.58%	-0.25%	-0.05%	0.02%	0.27%	-0.59%	0.67%	0.43%	-0.09%	0.94%
Total Current Liabilities+	3.69B	3.65B	2.36B	2.89B	2.39B	3.09B	2.45B	2.7B	1.31B	3.12B
Accounts Payable	944M	672M	654M	763M	498M	346M	308M	603M	425M	777M
Days Payables Outstanding	27.3	28.78	30.94	30.54	22.23	25.17	23.03	28.34	28.57	63.07
Short-Term Debt	381M	503M	52M	381M	403M	1.96B	0	86M	0	389M
Deferred Revenue (Current)	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.6B	2.2B	781M	687M	614M	340M	1.1B	1.13B	103M	317M
Current Ratio	0.67x	0.59x	0.65x	0.55x	0.52x	0.36x	0.86x	1.00x	1.99x	0.64x
Quick Ratio	0.67x	0.59x	0.65x	0.55x	0.52x	0.36x	0.86x	1.00x	1.99x	0.64x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	11.23B	10.58B	10.44B	7.71B	9.4B	8.83B	2.89B	3.9B	2.82B	7.21B
Long-Term Debt	10.31B	9.94B	9.92B	7.34B	9.07B	0	2.28B	3.09B	2.03B	5.29B
Capital Lease Obligations	29M	0	0	0	25M	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	53M	0	0	0	258M	0	0
Other Non-Current Liabilities	892M	645M	520M	258M	293M	8.83B	613M	547M	795M	688M
Total Liabilities	14.92B	14.23B	12.8B	10.6B	11.79B	11.93B	5.34B	6.6B	3.65B	10.33B
Total Debt+	10.72B	10.44B	9.97B	7.72B	9.5B	1.96B	2.31B	3.18B	2.11B	5.75B
Net Debt	9.9B	9.56B	9.97B	7.72B	9.49B	1.68B	1.4B	2.99B	1.03B	5.43B
Debt / Equity	4.47x	-	-	3.62x	2.16x	-	0.41x	0.35x	0.20x	0.33x
Debt / EBITDA	8.82x	9.58x	4.66x	2.85x	4.03x	2.32x	0.69x	0.40x	1.06x	5.93x
Net Debt / EBITDA	8.14x	8.77x	4.66x	2.85x	4.03x	1.99x	0.42x	0.38x	0.52x	5.61x
Interest Coverage	-3.08x	-0.06x	2.70x	1.38x	0.06x	-2.02x	27.68x	38.53x	4.46x	-6.18x
Total Equity+	2.4B	-1.2B	-372M	2.13B	4.4B	-5.34B	5.67B	9.12B	10.73B	17.57B
Equity Growth %	-0.87%	-1.5%	0.69%	6.73%	1.06%	-2.21%	2.06%	0.61%	0.18%	0.64%
Book Value per Share	72.42	-31.49	-8.21	46.93	52.86	-54.61	48.09	62.76	75.60	124.14
Total Shareholders' Equity	2.14B	-1.33B	-496M	2.09B	4.36B	-5.34B	5.67B	9.12B	10.73B	17.57B
Common Stock	7M	9M	9M	9M	19M	0	1M	1M	1M	2M
Retained Earnings	-13.2B	-17.47B	-16.52B	-13.91B	-14.22B	-23.95B	825M	3.4B	4.97B	3.88B
Treasury Stock	-33M	-27M	-31M	-31M	-32M	0	0	0	0	0
Accumulated OCI	-99M	-96M	-57M	-23M	12M	45M	0	0	0	0
Minority Interest	259M	128M	124M	41M	37M	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	726M	-204M	745M	1.73B	1.62B	1.16B	1.79B	4.13B	2.38B	1.56B
Operating CF Margin %	0.06%	-0.02%	0.08%	0.17%	0.19%	0.25%	0.24%	0.29%	0.39%	0.37%
Operating CF Growth %	-0.84%	-1.28%	4.65%	1.32%	-0.06%	-0.28%	0.54%	1.31%	-0.42%	-0.34%
Net Income	-14.69B	-4.39B	939M	225M	-308M	-9.75B	6.33B	4.94B	2.42B	-714M
Depreciation & Amortization	2.23B	1.11B	995M	1.83B	2.32B	0	995M	1.75B	0	0
Stock-Based Compensation	0	0	0	0	0	21M	0	22M	33M	38M
Deferred Taxes	-4.43B	-171M	11M	-10M	-305M	-10M	-106M	-1.33B	428M	-123M
Other Non-Cash Items	18.64B	4.01B	-729M	-409M	169M	9.99B	-6.24B	-1.13B	-775M	2.68B
Working Capital Changes	-1.03B	-761M	-471M	91M	-254M	915M	814M	-123M	275M	-315M
Change in Receivables	0	0	0	0	0	303M	0	0	0	0
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	-3.65B	-660M	-1.19B	455M	-2.48B	-992M	-916M	-3.4B	473M	-1.9B
Capital Expenditures	-3.77B	-2.12B	-2.49B	-2B	-2.26B	-31M	-735M	-1.82B	-1.83B	-1.56B
CapEx % of Revenue	0.32%	0.24%	0.27%	0.19%	0.26%	0.01%	0.1%	0.13%	0.3%	0.37%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-9M	-77M	0	0	0	-961M	0	407M	2.53B	187M
Cash from Financing+	-415M	921M	-434M	-2.19B	859M	101M	-237M	-1.45B	-1.89B	-419M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-289M	0	-183M	-92M	-91M	-22M	-119M	-1.21B	-487M	-388M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-126M	-31M	-25M	-33M	-36M	-122M	-1M	0	0	-14M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.04B	-2.32B	-1.75B	-267M	-640M	22M	1.05B	2.3B	551M	8M
FCF Margin %	-0.26%	-0.27%	-0.19%	-0.03%	-0.07%	0%	0.14%	0.16%	0.09%	0%
FCF Growth %	-0.53%	0.24%	0.25%	0.85%	-1.4%	1.03%	46.86%	1.19%	-0.76%	-0.99%
FCF per Share	-91.99	-60.84	-38.57	-5.87	-7.69	0.22	8.93	15.84	3.88	0.06
FCF Conversion (FCF/Net Income)	-0.05x	0.05x	0.79x	7.69x	-5.27x	-0.12x	0.28x	0.84x	0.98x	-2.19x
Interest Paid	0	0	0	0	0	224M	0	146M	117M	0
Taxes Paid	0	0	0	0	0	0	0	193M	132M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-142.56%	-735.34%	-	25.55%	-9.43%	-	3835.15%	66.73%	24.37%	-5.05%
Return on Invested Capital (ROIC)	-4.01%	-0.12%	9.58%	6.75%	0.24%	-9.82%	102.12%	48.2%	2.92%	-3.28%
Gross Margin	-6.58%	2.55%	15.08%	11.72%	4.33%	-8.73%	33.15%	45%	10.09%	-5.69%
Net Margin	-123.99%	-50.19%	10.34%	2.18%	-3.6%	-210.97%	86.67%	34.95%	40.06%	-16.78%
Debt / Equity	4.47x	-	-	3.62x	2.16x	-	0.41x	0.35x	0.20x	0.33x
Interest Coverage	-3.08x	-0.06x	2.70x	1.38x	0.06x	-2.02x	27.68x	38.53x	4.46x	-6.18x
FCF Conversion	-0.05x	0.05x	0.79x	7.69x	-5.27x	-0.12x	0.28x	0.84x	0.98x	-2.19x
Revenue Growth	-46.42%	-26.15%	3.86%	13.68%	-17.24%	-46.02%	58.24%	93.44%	-57.25%	-29.53%

Revenue by Segment

	2014	2015	2016	2018	2019	2020	2021	2022	2023	2024
Oil and Gas	-	-	-	5.16B	4.52B	3.34B	4.4B	9.89B	3.55B	2.97B
Oil and Gas Growth	-	-	-	-	-12.28%	-26.12%	31.73%	124.77%	-64.14%	-16.30%
Natural Gas Sales	-	-	-	-	-	-	-	7.8B	2.85B	2.69B
Natural Gas Sales Growth	-	-	-	-	-	-	-	-	-63.44%	-5.85%
Natural Gas, Gathering, Transportation, Marketing and Processing	-	-	-	5.08B	3.97B	1.87B	2.26B	4.23B	2.5B	1.29B
Natural Gas, Gathering, Transportation, Marketing and Processing Growth	-	-	-	-	-21.85%	-52.89%	21.08%	86.96%	-40.91%	-48.40%
Natural Gas Liquids Sales	-	-	-	-	-	-	-	225M	98M	214M
Natural Gas Liquids Sales Growth	-	-	-	-	-	-	-	-	-56.44%	118.37%
Oil Sales	-	-	-	-	-	-	-	1.86B	596M	69M
Oil Sales Growth	-	-	-	-	-	-	-	-	-68.03%	-88.42%
Oil and Gas and Marketing	-	-	-	-	8.49B	5.21B	-	-	-	-
Oil and Gas and Marketing Growth	-	-	-	-	-	-38.63%	-	-	-	-
Manufactured Product, Other	-	-	-	-	63M	56M	-	-	-	-
Manufactured Product, Other Growth	-	-	-	-	-	-11.11%	-	-	-	-
Oil and Gas, Refining and Marketing	-	-	-	-	3.97B	-	-	-	-	-
Oil and Gas, Refining and Marketing Growth	-	-	-	-	-	-	-	-	-	-
Marketing Gathering And Compression	12.22B	7.37B	4.58B	-	-	-	-	-	-	-
Marketing Gathering And Compression Growth	-	-39.69%	-37.83%	-	-	-	-	-	-	-
Oil, Natural Gas and NGL	-	-	3.29B	-	-	-	-	-	-	-
Oil, Natural Gas and NGL Growth	-	-	-	-	-	-	-	-	-	-
Oil And Gas Exploration And Production	8.18B	5.39B	-	-	-	-	-	-	-	-
Oil And Gas Exploration And Production Growth	-	-34.10%	-	-	-	-	-	-	-	-
Oilfield Services	544M	-	-	-	-	-	-	-	-	-
Oilfield Services Growth	-	-	-	-	-	-	-	-	-	-
Others	30M	-	-	-	-	-	-	-	-	-
Others Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2014	2015	2016	2018	2019	2020	2021	2022	2023	2024
Northeast Appalachia	-	-	-	-	-	-	-	-	-	1.24B
Northeast Appalachia Growth	-	-	-	-	-	-	-	-	-	-
Haynesville	-	-	-	838M	620M	362M	998M	3.48B	1.3B	1.21B
Haynesville Growth	-	-	-	-	-26.01%	-41.61%	175.69%	248.80%	-62.65%	-7.31%
Southwest Appalachia	-	-	-	-	-	-	-	-	-	522M
Southwest Appalachia Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Expand Energy Corporation (EXEEW) reported $12.10B in revenue for fiscal year 2024. This represents a 11% increase from $10.87B in 2011.

Expand Energy Corporation (EXEEW) saw revenue decline by 29.5% over the past year.

Yes, Expand Energy Corporation (EXEEW) is profitable, generating $867.0M in net income for fiscal year 2024 (-16.8% net margin).

Dividend & Returns

Yes, Expand Energy Corporation (EXEEW) pays a dividend with a yield of 2.61%. This makes it attractive for income-focused investors.

Expand Energy Corporation (EXEEW) has a return on equity (ROE) of -5.0%. Negative ROE indicates the company is unprofitable.

Expand Energy Corporation (EXEEW) generated $1.47B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Expand Energy Corporation (EXEEW) 10-Year Financial Performance & Capital Metrics

EXEEW • • Industrial / General

EnergyOil & Gas EnergyNatural Gas-Focused E&PUnconventional Shale Gas Developers

Revenue $4.25B -29.5%
EBITDA $969M -51.3%
Net Income -$714M -129.5%
EPS (Diluted) -5.05 -129.6%
Gross Margin -5.69% -156.4%
EBITDA Margin 22.77% -30.9%
Operating Margin -17.86% -332.4%
Net Margin -16.78% -141.9%
ROE -5.05% -120.7%
ROIC -3.28% -212.5%
Debt/Equity 0.33 +66.3%
Interest Coverage -6.18 -238.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 28.7%
✓Healthy dividend yield of 2.6%
✓Trading at only 0.8x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Sales declining 13.0% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-15.19%

5Y-13.02%

3Y-16.47%

TTM288.81%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM241.34%

EPS CAGR

10Y-

5Y-

3Y-

TTM-3.91%

ROCE

10Y Avg10.41%

5Y Avg17.5%

3Y Avg18.89%

Latest-4.02%

Peer Comparison

Unconventional Shale Gas Developers

Name	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
EXEELExpand Energy Corporation	88.60	-19.47	-45.71%	7.99%	4.78%	0.33
EXEEWExpand Energy Corporation	105.00	-20.79	-29.53%	7.17%	4.78%	0.33
EXEEZExpand Energy Corporation	97.50	-21.43	-29.53%	7.17%	4.78%	0.33

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	11.84B	8.75B	9.09B	10.33B	8.55B	4.61B	7.3B	14.12B	6.04B	4.25B
Revenue Growth %	-0.46%	-0.26%	0.04%	0.14%	-0.17%	-0.46%	0.58%	0.93%	-0.57%	-0.3%
Cost of Goods Sold+	12.62B	8.52B	7.71B	9.12B	8.18B	5.02B	4.88B	7.77B	5.43B	4.5B
COGS % of Revenue	1.07%	0.97%	0.85%	0.88%	0.96%	1.09%	0.67%	0.55%	0.9%	1.06%
Gross Profit+	-779M	223M	1.37B	1.21B	370M	-403M	2.42B	6.36B	609M	-242M
Gross Margin %	-0.07%	0.03%	0.15%	0.12%	0.04%	-0.09%	0.33%	0.45%	0.1%	-0.06%
Gross Profit Growth %	-1.27%	1.29%	5.14%	-0.12%	-0.69%	-2.09%	7%	1.63%	-0.9%	-1.4%
Operating Expenses+	235M	240M	224M	335M	332M	267M	95M	191M	145M	518M
OpEx % of Revenue	0.02%	0.03%	0.02%	0.03%	0.04%	0.06%	0.01%	0.01%	0.02%	0.12%
Selling, General & Admin	235M	240M	262M	335M	315M	267M	118M	142M	127M	1.48B
SG&A % of Revenue	0.02%	0.03%	0.03%	0.03%	0.04%	0.06%	0.02%	0.01%	0.02%	0.35%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	-38M	0	17M	0	-23M	49M	18M	-958M
Operating Income+	-1.01B	-17M	1.15B	875M	38M	-670M	2.33B	6.17B	464M	-760M
Operating Margin %	-0.09%	-0%	0.13%	0.08%	0%	-0.15%	0.32%	0.44%	0.08%	-0.18%
Operating Income Growth %	-1.39%	0.98%	68.41%	-0.24%	-0.96%	-18.63%	4.47%	1.65%	-0.92%	-2.64%
EBITDA+	1.22B	1.09B	2.14B	2.71B	2.36B	845M	3.32B	7.92B	1.99B	969M
EBITDA Margin %	0.1%	0.12%	0.24%	0.26%	0.28%	0.18%	0.45%	0.56%	0.33%	0.23%
EBITDA Growth %	-0.78%	-0.1%	0.96%	0.26%	-0.13%	-0.64%	2.93%	1.38%	-0.75%	-0.51%
D&A (Non-Cash Add-back)	2.23B	1.11B	995M	1.83B	2.32B	1.51B	995M	1.75B	1.53B	1.73B
EBIT	-18.77B	-4.3B	1.38B	852M	13M	-9.44B	6.31B	3.81B	3.22B	-718M
Net Interest Income+	-323M	-286M	-425M	-634M	-652M	-331M	-84M	-160M	-104M	-123M
Interest Income	6M	0	0	0	0	0	0	0	0	0
Interest Expense	329M	286M	425M	634M	652M	331M	84M	160M	104M	123M
Other Income/Expense	-18.08B	-4.57B	-191M	-657M	-677M	-9.1B	3.9B	-2.51B	2.65B	-81M
Pretax Income+	-19.1B	-4.59B	955M	218M	-639M	-9.77B	6.22B	3.65B	3.12B	-841M
Pretax Margin %	-1.61%	-0.52%	0.11%	0.02%	-0.07%	-2.12%	0.85%	0.26%	0.52%	-0.2%
Income Tax+	-4.46B	-190M	2M	-10M	-331M	-19M	-106M	-1.28B	698M	-127M
Effective Tax Rate %	0.77%	0.96%	0.98%	1.03%	0.48%	1%	1.02%	1.35%	0.78%	0.85%
Net Income+	-14.69B	-4.39B	939M	225M	-308M	-9.73B	6.33B	4.94B	2.42B	-714M
Net Margin %	-1.24%	-0.5%	0.1%	0.02%	-0.04%	-2.11%	0.87%	0.35%	0.4%	-0.17%
Net Income Growth %	-11.17%	0.7%	1.21%	-0.76%	-2.37%	-30.6%	1.65%	-0.22%	-0.51%	-1.3%
Net Income (Continuing)	-14.63B	-4.4B	953M	228M	-308M	-9.75B	6.33B	4.94B	2.42B	-714M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	259M	128M	124M	41M	37M	0	0	0	0	0
EPS (Diluted)+	-4436.56	-1149.21	180.00	49.50	-37.00	-995.27	53.66	33.96	17.04	-5.05
EPS Growth %	-12.86%	0.74%	1.16%	-0.72%	-1.75%	-25.9%	1.05%	-0.37%	-0.5%	-1.3%
EPS (Basic)	-4436.56	-1149.21	180.00	49.50	-37.00	-995.27	53.66	38.65	18.38	-5.45
Diluted Shares Outstanding	33.1M	38.2M	45.3M	45.45M	83.25M	97.8M	117.92M	145.37M	141.92M	141.49M
Basic Shares Outstanding	33.1M	38.2M	45.3M	45.45M	83.25M	97.8M	117.92M	127.71M	131.58M	131M
Dividend Payout Ratio	-	-	-	-	-	-	0.02%	0.25%	0.2%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.48B	2.14B	1.52B	1.6B	1.25B	1.11B	2.1B	2.7B	2.61B	2B
Cash & Short-Term Investments	1.19B	882M	32M	213M	140M	298M	905M	226M	1.08B	317M
Cash Only	825M	882M	5M	4M	6M	279M	905M	192M	1.08B	317M
Short-Term Investments	366M	0	27M	209M	134M	19M	0	34M	0	0
Accounts Receivable	1.13B	1.06B	1.32B	1.25B	990M	746M	1.11B	1.44B	593M	1.23B
Days Sales Outstanding	34.79	44.11	53.11	44.07	42.28	59.01	55.74	37.16	35.85	105.17
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	160M	203M	171M	138M	121M	64M	83M	1.03B	937M	454M
Total Non-Current Assets+	14.83B	10.89B	10.9B	11.14B	14.94B	5.48B	8.91B	13.03B	11.77B	25.9B
Property, Plant & Equipment	14.2B	10.58B	10.66B	10.8B	14.77B	5.26B	8.8B	11.19B	10.1B	24.28B
Fixed Asset Turnover	0.83x	0.83x	0.85x	0.96x	0.58x	0.88x	0.83x	1.26x	0.60x	0.18x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	382M	0	0	76M	0	0	0	47M	0	308M
Other Non-Current Assets	249M	290M	236M	-561M	174M	215M	104M	185M	737M	718M
Total Assets+	17.31B	13.03B	12.43B	12.73B	16.19B	6.58B	11.01B	15.73B	14.38B	27.89B
Asset Turnover	0.68x	0.67x	0.73x	0.81x	0.53x	0.70x	0.66x	0.90x	0.42x	0.15x
Asset Growth %	-0.58%	-0.25%	-0.05%	0.02%	0.27%	-0.59%	0.67%	0.43%	-0.09%	0.94%
Total Current Liabilities+	3.69B	3.65B	2.36B	2.89B	2.39B	3.09B	2.45B	2.7B	1.31B	3.12B
Accounts Payable	944M	672M	654M	763M	498M	346M	308M	603M	425M	777M
Days Payables Outstanding	27.3	28.78	30.94	30.54	22.23	25.17	23.03	28.34	28.57	63.07
Short-Term Debt	381M	503M	52M	381M	403M	1.96B	0	86M	0	389M
Deferred Revenue (Current)	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.6B	2.2B	781M	687M	614M	340M	1.1B	1.13B	103M	317M
Current Ratio	0.67x	0.59x	0.65x	0.55x	0.52x	0.36x	0.86x	1.00x	1.99x	0.64x
Quick Ratio	0.67x	0.59x	0.65x	0.55x	0.52x	0.36x	0.86x	1.00x	1.99x	0.64x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	11.23B	10.58B	10.44B	7.71B	9.4B	8.83B	2.89B	3.9B	2.82B	7.21B
Long-Term Debt	10.31B	9.94B	9.92B	7.34B	9.07B	0	2.28B	3.09B	2.03B	5.29B
Capital Lease Obligations	29M	0	0	0	25M	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	53M	0	0	0	258M	0	0
Other Non-Current Liabilities	892M	645M	520M	258M	293M	8.83B	613M	547M	795M	688M
Total Liabilities	14.92B	14.23B	12.8B	10.6B	11.79B	11.93B	5.34B	6.6B	3.65B	10.33B
Total Debt+	10.72B	10.44B	9.97B	7.72B	9.5B	1.96B	2.31B	3.18B	2.11B	5.75B
Net Debt	9.9B	9.56B	9.97B	7.72B	9.49B	1.68B	1.4B	2.99B	1.03B	5.43B
Debt / Equity	4.47x	-	-	3.62x	2.16x	-	0.41x	0.35x	0.20x	0.33x
Debt / EBITDA	8.82x	9.58x	4.66x	2.85x	4.03x	2.32x	0.69x	0.40x	1.06x	5.93x
Net Debt / EBITDA	8.14x	8.77x	4.66x	2.85x	4.03x	1.99x	0.42x	0.38x	0.52x	5.61x
Interest Coverage	-3.08x	-0.06x	2.70x	1.38x	0.06x	-2.02x	27.68x	38.53x	4.46x	-6.18x
Total Equity+	2.4B	-1.2B	-372M	2.13B	4.4B	-5.34B	5.67B	9.12B	10.73B	17.57B
Equity Growth %	-0.87%	-1.5%	0.69%	6.73%	1.06%	-2.21%	2.06%	0.61%	0.18%	0.64%
Book Value per Share	72.42	-31.49	-8.21	46.93	52.86	-54.61	48.09	62.76	75.60	124.14
Total Shareholders' Equity	2.14B	-1.33B	-496M	2.09B	4.36B	-5.34B	5.67B	9.12B	10.73B	17.57B
Common Stock	7M	9M	9M	9M	19M	0	1M	1M	1M	2M
Retained Earnings	-13.2B	-17.47B	-16.52B	-13.91B	-14.22B	-23.95B	825M	3.4B	4.97B	3.88B
Treasury Stock	-33M	-27M	-31M	-31M	-32M	0	0	0	0	0
Accumulated OCI	-99M	-96M	-57M	-23M	12M	45M	0	0	0	0
Minority Interest	259M	128M	124M	41M	37M	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	726M	-204M	745M	1.73B	1.62B	1.16B	1.79B	4.13B	2.38B	1.56B
Operating CF Margin %	0.06%	-0.02%	0.08%	0.17%	0.19%	0.25%	0.24%	0.29%	0.39%	0.37%
Operating CF Growth %	-0.84%	-1.28%	4.65%	1.32%	-0.06%	-0.28%	0.54%	1.31%	-0.42%	-0.34%
Net Income	-14.69B	-4.39B	939M	225M	-308M	-9.75B	6.33B	4.94B	2.42B	-714M
Depreciation & Amortization	2.23B	1.11B	995M	1.83B	2.32B	0	995M	1.75B	0	0
Stock-Based Compensation	0	0	0	0	0	21M	0	22M	33M	38M
Deferred Taxes	-4.43B	-171M	11M	-10M	-305M	-10M	-106M	-1.33B	428M	-123M
Other Non-Cash Items	18.64B	4.01B	-729M	-409M	169M	9.99B	-6.24B	-1.13B	-775M	2.68B
Working Capital Changes	-1.03B	-761M	-471M	91M	-254M	915M	814M	-123M	275M	-315M
Change in Receivables	0	0	0	0	0	303M	0	0	0	0
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	-3.65B	-660M	-1.19B	455M	-2.48B	-992M	-916M	-3.4B	473M	-1.9B
Capital Expenditures	-3.77B	-2.12B	-2.49B	-2B	-2.26B	-31M	-735M	-1.82B	-1.83B	-1.56B
CapEx % of Revenue	0.32%	0.24%	0.27%	0.19%	0.26%	0.01%	0.1%	0.13%	0.3%	0.37%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-9M	-77M	0	0	0	-961M	0	407M	2.53B	187M
Cash from Financing+	-415M	921M	-434M	-2.19B	859M	101M	-237M	-1.45B	-1.89B	-419M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-289M	0	-183M	-92M	-91M	-22M	-119M	-1.21B	-487M	-388M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-126M	-31M	-25M	-33M	-36M	-122M	-1M	0	0	-14M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.04B	-2.32B	-1.75B	-267M	-640M	22M	1.05B	2.3B	551M	8M
FCF Margin %	-0.26%	-0.27%	-0.19%	-0.03%	-0.07%	0%	0.14%	0.16%	0.09%	0%
FCF Growth %	-0.53%	0.24%	0.25%	0.85%	-1.4%	1.03%	46.86%	1.19%	-0.76%	-0.99%
FCF per Share	-91.99	-60.84	-38.57	-5.87	-7.69	0.22	8.93	15.84	3.88	0.06
FCF Conversion (FCF/Net Income)	-0.05x	0.05x	0.79x	7.69x	-5.27x	-0.12x	0.28x	0.84x	0.98x	-2.19x
Interest Paid	0	0	0	0	0	224M	0	146M	117M	0
Taxes Paid	0	0	0	0	0	0	0	193M	132M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-142.56%	-735.34%	-	25.55%	-9.43%	-	3835.15%	66.73%	24.37%	-5.05%
Return on Invested Capital (ROIC)	-4.01%	-0.12%	9.58%	6.75%	0.24%	-9.82%	102.12%	48.2%	2.92%	-3.28%
Gross Margin	-6.58%	2.55%	15.08%	11.72%	4.33%	-8.73%	33.15%	45%	10.09%	-5.69%
Net Margin	-123.99%	-50.19%	10.34%	2.18%	-3.6%	-210.97%	86.67%	34.95%	40.06%	-16.78%
Debt / Equity	4.47x	-	-	3.62x	2.16x	-	0.41x	0.35x	0.20x	0.33x
Interest Coverage	-3.08x	-0.06x	2.70x	1.38x	0.06x	-2.02x	27.68x	38.53x	4.46x	-6.18x
FCF Conversion	-0.05x	0.05x	0.79x	7.69x	-5.27x	-0.12x	0.28x	0.84x	0.98x	-2.19x
Revenue Growth	-46.42%	-26.15%	3.86%	13.68%	-17.24%	-46.02%	58.24%	93.44%	-57.25%	-29.53%

Revenue by Segment

	2014	2015	2016	2018	2019	2020	2021	2022	2023	2024
Oil and Gas	-	-	-	5.16B	4.52B	3.34B	4.4B	9.89B	3.55B	2.97B
Oil and Gas Growth	-	-	-	-	-12.28%	-26.12%	31.73%	124.77%	-64.14%	-16.30%
Natural Gas Sales	-	-	-	-	-	-	-	7.8B	2.85B	2.69B
Natural Gas Sales Growth	-	-	-	-	-	-	-	-	-63.44%	-5.85%
Natural Gas, Gathering, Transportation, Marketing and Processing	-	-	-	5.08B	3.97B	1.87B	2.26B	4.23B	2.5B	1.29B
Natural Gas, Gathering, Transportation, Marketing and Processing Growth	-	-	-	-	-21.85%	-52.89%	21.08%	86.96%	-40.91%	-48.40%
Natural Gas Liquids Sales	-	-	-	-	-	-	-	225M	98M	214M
Natural Gas Liquids Sales Growth	-	-	-	-	-	-	-	-	-56.44%	118.37%
Oil Sales	-	-	-	-	-	-	-	1.86B	596M	69M
Oil Sales Growth	-	-	-	-	-	-	-	-	-68.03%	-88.42%
Oil and Gas and Marketing	-	-	-	-	8.49B	5.21B	-	-	-	-
Oil and Gas and Marketing Growth	-	-	-	-	-	-38.63%	-	-	-	-
Manufactured Product, Other	-	-	-	-	63M	56M	-	-	-	-
Manufactured Product, Other Growth	-	-	-	-	-	-11.11%	-	-	-	-
Oil and Gas, Refining and Marketing	-	-	-	-	3.97B	-	-	-	-	-
Oil and Gas, Refining and Marketing Growth	-	-	-	-	-	-	-	-	-	-
Marketing Gathering And Compression	12.22B	7.37B	4.58B	-	-	-	-	-	-	-
Marketing Gathering And Compression Growth	-	-39.69%	-37.83%	-	-	-	-	-	-	-
Oil, Natural Gas and NGL	-	-	3.29B	-	-	-	-	-	-	-
Oil, Natural Gas and NGL Growth	-	-	-	-	-	-	-	-	-	-
Oil And Gas Exploration And Production	8.18B	5.39B	-	-	-	-	-	-	-	-
Oil And Gas Exploration And Production Growth	-	-34.10%	-	-	-	-	-	-	-	-
Oilfield Services	544M	-	-	-	-	-	-	-	-	-
Oilfield Services Growth	-	-	-	-	-	-	-	-	-	-
Others	30M	-	-	-	-	-	-	-	-	-
Others Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2014	2015	2016	2018	2019	2020	2021	2022	2023	2024
Northeast Appalachia	-	-	-	-	-	-	-	-	-	1.24B
Northeast Appalachia Growth	-	-	-	-	-	-	-	-	-	-
Haynesville	-	-	-	838M	620M	362M	998M	3.48B	1.3B	1.21B
Haynesville Growth	-	-	-	-	-26.01%	-41.61%	175.69%	248.80%	-62.65%	-7.31%
Southwest Appalachia	-	-	-	-	-	-	-	-	-	522M
Southwest Appalachia Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Expand Energy Corporation (EXEEW) reported $12.10B in revenue for fiscal year 2024. This represents a 11% increase from $10.87B in 2011.

Expand Energy Corporation (EXEEW) saw revenue decline by 29.5% over the past year.

Yes, Expand Energy Corporation (EXEEW) is profitable, generating $867.0M in net income for fiscal year 2024 (-16.8% net margin).

Dividend & Returns

Yes, Expand Energy Corporation (EXEEW) pays a dividend with a yield of 2.61%. This makes it attractive for income-focused investors.

Expand Energy Corporation (EXEEW) has a return on equity (ROE) of -5.0%. Negative ROE indicates the company is unprofitable.

Expand Energy Corporation (EXEEW) generated $1.47B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.