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

EXE • • Industrial / General

EnergyOil & Gas E&PUnconventional Shale E&PAppalachian Basin Gas Focused

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 $4.22B -45.7%
EBITDA $926M -80.2%
Net Income -$714M -129.5%
EPS (Diluted) -4.55 -126.9%
Gross Margin 27.03% -58.3%
EBITDA Margin 21.94% -63.5%
Operating Margin -19.02% -147.1%
Net Margin -16.92% -154.4%
ROE -5.05% -120.7%
ROIC -3.46% -117.6%
Debt/Equity 0.33 +67.3%
Interest Coverage -6.53 -121.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 28.7%
✓Healthy dividend yield of 2.5%
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗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-15.64%

5Y-13.04%

3Y-16.69%

TTM169.09%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM241.34%

EPS CAGR

10Y-

5Y-

3Y-

TTM116.67%

ROCE

10Y Avg-12.04%

5Y Avg-1.31%

3Y Avg18.51%

Latest-4.25%

Peer Comparison

Appalachian Basin Gas Focused

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ARAntero Resources Corporation	9.8B	31.78	176.56	-3.75%	11.13%	7.29%	7.62%	0.56
EQTEQT Corporation	31.15B	49.92	121.76	3%	20.69%	6.65%	1.84%	0.39
EPSNEpsilon Energy Ltd.	134.52M	4.50	51.19	2.58%	12.86%	5.87%		0.00
RRCRange Resources Corporation	7.96B	33.60	30.83	-7.65%	20%	13.65%	3.97%	0.46
INRInfinity Natural Resources, Inc.	216M	13.82	3.72	60.16%	-0.58%	-0.2%		0.51
BKVBKV Corporation	2.47B	25.50	-12.62	-18.23%	5.54%	2.48%	0.71%	0.11
EXEExpand Energy Corporation	23.7B	99.52	-21.87	-45.71%	7.99%	4.78%	0.03%	0.33
CNXCNX Resources Corporation	5.18B	35.90	-59.83	-7.99%	14.17%	7.1%	5.32%	0.56

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	12.76B	7.87B	9.5B	10.23B	8.49B	5.21B	7.3B	11.44B	7.78B	4.22B
Revenue Growth %	-0.45%	-0.38%	0.21%	0.08%	-0.17%	-0.39%	0.4%	0.57%	-0.32%	-0.46%
Cost of Goods Sold+	12.62B	8.52B	8.42B	8.96B	8.09B	4.59B	4.88B	3.29B	2.74B	3.08B
COGS % of Revenue	0.99%	1.08%	0.89%	0.88%	0.95%	0.88%	0.67%	0.29%	0.35%	0.73%
Gross Profit+	141M	-652M	1.08B	1.27B	396M	620M	2.42B	8.16B	5.04B	1.14B
Gross Margin %	0.01%	-0.08%	0.11%	0.12%	0.05%	0.12%	0.33%	0.71%	0.65%	0.27%
Gross Profit Growth %	-0.96%	-5.62%	2.65%	0.18%	-0.69%	0.57%	2.9%	2.37%	-0.38%	-0.77%
Operating Expenses+	19.06B	3.76B	1.22B	893M	427M	9.32B	95M	4.38B	1.9B	1.94B
OpEx % of Revenue	1.49%	0.48%	0.13%	0.09%	0.05%	1.79%	0.01%	0.38%	0.24%	0.46%
Selling, General & Admin	235M	240M	333M	335M	315M	380M	118M	4.36B	2.63B	1.5B
SG&A % of Revenue	0.02%	0.03%	0.04%	0.03%	0.04%	0.07%	0.02%	0.38%	0.34%	0.35%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	18.82B	3.52B	884M	558M	112M	8.94B	-23M	19M	-729M	448M
Operating Income+	-18.92B	-4.41B	-138M	382M	-31M	-8.7B	2.33B	3.78B	3.14B	-803M
Operating Margin %	-1.48%	-0.56%	-0.01%	0.04%	-0%	-1.67%	0.32%	0.33%	0.4%	-0.19%
Operating Income Growth %	-6.44%	0.77%	0.97%	3.77%	-1.08%	-279.74%	1.27%	0.63%	-0.17%	-1.26%
EBITDA+	-16.69B	-3.3B	1.56B	2.12B	2.23B	-7.61B	3.32B	5.53B	4.67B	926M
EBITDA Margin %	-1.31%	-0.42%	0.16%	0.21%	0.26%	-1.46%	0.45%	0.48%	0.6%	0.22%
EBITDA Growth %	-3.61%	0.8%	1.47%	0.36%	0.05%	-4.41%	1.44%	0.67%	-0.16%	-0.8%
D&A (Non-Cash Add-back)	2.23B	1.11B	1.7B	1.74B	2.26B	1.1B	995M	1.75B	1.53B	1.73B
EBIT	-18.77B	-4.29B	238M	851M	12M	-9.29B	6.31B	3.81B	3.23B	-711M
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	-179M	-178M	-362M	-164M	-608M	-1.07B	3.9B	-129M	-25M	-38M
Pretax Income+	-19.1B	-4.59B	-500M	218M	-639M	-9.77B	6.22B	3.65B	3.12B	-841M
Pretax Margin %	-1.5%	-0.58%	-0.05%	0.02%	-0.08%	-1.88%	0.85%	0.32%	0.4%	-0.2%
Income Tax+	-4.46B	-190M	2M	-10M	-331M	-19M	-106M	-1.28B	698M	-127M
Effective Tax Rate %	0.76%	0.96%	1.01%	1.04%	0.48%	1%	1.02%	1.35%	0.78%	0.85%
Net Income+	-14.57B	-4.39B	-505M	226M	-308M	-9.73B	6.33B	4.94B	2.42B	-714M
Net Margin %	-1.14%	-0.56%	-0.05%	0.02%	-0.04%	-1.87%	0.87%	0.43%	0.31%	-0.17%
Net Income Growth %	-8.6%	0.7%	0.88%	1.45%	-2.36%	-30.6%	1.65%	-0.22%	-0.51%	-1.3%
Net Income (Continuing)	-14.63B	-4.4B	-502M	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)+	-4486.00	-1278.00	180.00	29.26	-49.97	-998.26	53.66	33.36	16.92	-4.55
EPS Growth %	-12.99%	0.72%	1.14%	-0.84%	-2.71%	-18.98%	1.05%	-0.38%	-0.49%	-1.27%
EPS (Basic)	-4486.00	-1278.00	180.00	29.26	-49.97	-998.26	53.66	38.71	18.21	-4.55
Diluted Shares Outstanding	3.31M	3.82M	4.53M	4.54M	8.32M	9.77M	117.92M	145.96M	142.98M	156.99M
Basic Shares Outstanding	3.31M	3.82M	4.53M	4.54M	8.32M	9.77M	117.92M	125.78M	132.84M	156.99M
Dividend Payout Ratio	-	-	-	0.41%	-	-	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	130M	1.08B	317M
Cash Only	825M	882M	5M	4M	6M	279M	905M	130M	1.08B	317M
Short-Term Investments	0	0	0	0	134M	19M	0	0	0	0
Accounts Receivable	903M	964M	1.14B	1.17B	990M	746M	1.08B	1.41B	585M	1.21B
Days Sales Outstanding	25.82	44.7	43.74	41.74	42.57	52.26	53.84	45.1	27.46	104.46
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	752M	296M	382M	424M	121M	64M	121M	1.15B	945M	472M
Total Non-Current Assets+	14.83B	10.89B	10.9B	11.14B	14.94B	5.48B	8.91B	12.77B	11.77B	25.9B
Property, Plant & Equipment	14.2B	10.58B	10.66B	10.8B	14.77B	5.26B	8.84B	11.31B	10.2B	24.43B
Fixed Asset Turnover	0.90x	0.74x	0.89x	0.95x	0.57x	0.99x	0.83x	1.01x	0.76x	0.17x
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	136M	0	0	0	0	0	0	18M	238M	307M
Other Non-Current Assets	495M	306M	236M	334M	174M	215M	69M	1.45B	1.33B	1.16B
Total Assets+	17.31B	13.03B	12.43B	12.73B	16.19B	6.58B	11.01B	15.47B	14.38B	27.89B
Asset Turnover	0.74x	0.60x	0.76x	0.80x	0.52x	0.79x	0.66x	0.74x	0.54x	0.15x
Asset Growth %	-0.58%	-0.25%	-0.05%	0.02%	0.27%	-0.59%	0.67%	0.41%	-0.07%	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	28.36	31.1	22.46	27.51	23.03	66.96	56.7	92.08
Short-Term Debt	381M	503M	52M	381M	403M	1.96B	0	0	0	389M
Deferred Revenue (Current)	0	0	0	0	1000K	1000K	0	0	0	0
Other Current Liabilities	1.78B	1.95B	1.08B	1.14B	614M	340M	1.84B	1.65B	491M	1.37B
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	3.64B	2.33B	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	0	0	0	0	25M	0	9M	33M	15M	74M
Deferred Tax Liabilities	0	0	0	53M	0	0	0	0	0	0
Other Non-Current Liabilities	892M	645M	520M	374M	293M	8.83B	604M	514M	290M	1.84B
Total Liabilities	14.92B	14.23B	12.8B	10.6B	11.79B	11.93B	5.34B	6.34B	3.65B	10.33B
Total Debt+	10.72B	10.44B	9.97B	7.72B	9.5B	1.96B	2.32B	3.21B	2.13B	5.83B
Net Debt	9.9B	9.56B	9.97B	7.72B	9.49B	1.68B	1.41B	3.08B	1.05B	5.51B
Debt / Equity	4.47x	-	-	3.62x	2.16x	-	0.41x	0.35x	0.20x	0.33x
Debt / EBITDA	-	-	6.40x	3.64x	4.25x	-	0.70x	0.58x	0.46x	6.29x
Net Debt / EBITDA	-	-	6.39x	3.64x	4.25x	-	0.43x	0.56x	0.22x	5.95x
Interest Coverage	-57.50x	-15.42x	-0.32x	0.60x	-0.05x	-26.29x	27.68x	23.63x	30.21x	-6.53x
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	724.17	-314.92	-82.12	469.31	528.65	-546.51	48.09	62.51	75.04	111.89
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%	-0.03%	0.08%	0.17%	0.19%	0.22%	0.24%	0.36%	0.31%	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	0	0	995M	0	0	1.73B
Stock-Based Compensation	0	0	0	0	30M	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	2.46B	9.99B	-6.24B	622M	-775M	950M
Working Capital Changes	-1.03B	-761M	-471M	91M	-254M	915M	814M	-123M	275M	-315M
Change in Receivables	0	0	0	0	376M	0	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	-2.22B	-2B	-2.26B	-1.14B	-735M	-1.82B	-1.83B	-1.56B
CapEx % of Revenue	0.3%	0.27%	0.23%	0.2%	0.27%	0.22%	0.1%	0.16%	0.24%	0.37%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-9M	-77M	-270M	0	136M	0	0	407M	0	187M
Cash from Financing+	-1.07B	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	-269M	-31M	-25M	-155M	-36M	-122M	-1M	10M	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 %	-0.24%	-0.3%	-0.18%	-0.03%	-0.08%	0%	0.14%	0.2%	0.07%	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	-919.94	-608.38	-385.65	-58.75	-76.88	2.25	8.93	15.77	3.85	0.05
FCF Conversion (FCF/Net Income)	-0.05x	0.05x	-1.48x	7.65x	-5.27x	-0.12x	0.28x	0.84x	0.98x	-2.19x
Interest Paid	235M	344M	667M	0	0	0	0	146M	117M	0
Taxes Paid	44M	-27M	16M	0	0	0	0	193M	132M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-141.41%	-735.34%	-	25.67%	-9.43%	-	3835.15%	66.73%	24.37%	-5.05%
Return on Invested Capital (ROIC)	-74.74%	-32.04%	-1.15%	2.95%	-0.2%	-127.51%	101.85%	29.4%	19.65%	-3.46%
Gross Margin	1.1%	-8.28%	11.36%	12.46%	4.66%	11.9%	33.15%	71.28%	64.81%	27.03%
Net Margin	-114.13%	-55.77%	-5.32%	2.21%	-3.63%	-186.83%	86.67%	43.14%	31.11%	-16.92%
Debt / Equity	4.47x	-	-	3.62x	2.16x	-	0.41x	0.35x	0.20x	0.33x
Interest Coverage	-57.50x	-15.42x	-0.32x	0.60x	-0.05x	-26.29x	27.68x	23.63x	30.21x	-6.53x
FCF Conversion	-0.05x	0.05x	-1.48x	7.65x	-5.27x	-0.12x	0.28x	0.84x	0.98x	-2.19x
Revenue Growth	-44.8%	-38.33%	20.63%	7.74%	-17.03%	-38.63%	40.13%	56.73%	-32.05%	-45.71%

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	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Expand Energy Corporation (EXE) reported $10.85B in revenue for fiscal year 2024. This represents a 7% decrease from $11.63B in 2011.

Expand Energy Corporation (EXE) saw revenue decline by 45.7% over the past year.

Yes, Expand Energy Corporation (EXE) is profitable, generating $867.0M in net income for fiscal year 2024 (-16.9% net margin).

Dividend & Returns

Yes, Expand Energy Corporation (EXE) pays a dividend with a yield of 2.48%. This makes it attractive for income-focused investors.

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

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

EXE • • Industrial / General

EnergyOil & Gas E&PUnconventional Shale E&PAppalachian Basin Gas Focused

Revenue $4.22B -45.7%
EBITDA $926M -80.2%
Net Income -$714M -129.5%
EPS (Diluted) -4.55 -126.9%
Gross Margin 27.03% -58.3%
EBITDA Margin 21.94% -63.5%
Operating Margin -19.02% -147.1%
Net Margin -16.92% -154.4%
ROE -5.05% -120.7%
ROIC -3.46% -117.6%
Debt/Equity 0.33 +67.3%
Interest Coverage -6.53 -121.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 28.7%
✓Healthy dividend yield of 2.5%
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗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-15.64%

5Y-13.04%

3Y-16.69%

TTM169.09%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM241.34%

EPS CAGR

10Y-

5Y-

3Y-

TTM116.67%

ROCE

10Y Avg-12.04%

5Y Avg-1.31%

3Y Avg18.51%

Latest-4.25%

Peer Comparison

Appalachian Basin Gas Focused

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ARAntero Resources Corporation	9.8B	31.78	176.56	-3.75%	11.13%	7.29%	7.62%	0.56
EQTEQT Corporation	31.15B	49.92	121.76	3%	20.69%	6.65%	1.84%	0.39
EPSNEpsilon Energy Ltd.	134.52M	4.50	51.19	2.58%	12.86%	5.87%		0.00
RRCRange Resources Corporation	7.96B	33.60	30.83	-7.65%	20%	13.65%	3.97%	0.46
INRInfinity Natural Resources, Inc.	216M	13.82	3.72	60.16%	-0.58%	-0.2%		0.51
BKVBKV Corporation	2.47B	25.50	-12.62	-18.23%	5.54%	2.48%	0.71%	0.11
EXEExpand Energy Corporation	23.7B	99.52	-21.87	-45.71%	7.99%	4.78%	0.03%	0.33
CNXCNX Resources Corporation	5.18B	35.90	-59.83	-7.99%	14.17%	7.1%	5.32%	0.56

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	12.76B	7.87B	9.5B	10.23B	8.49B	5.21B	7.3B	11.44B	7.78B	4.22B
Revenue Growth %	-0.45%	-0.38%	0.21%	0.08%	-0.17%	-0.39%	0.4%	0.57%	-0.32%	-0.46%
Cost of Goods Sold+	12.62B	8.52B	8.42B	8.96B	8.09B	4.59B	4.88B	3.29B	2.74B	3.08B
COGS % of Revenue	0.99%	1.08%	0.89%	0.88%	0.95%	0.88%	0.67%	0.29%	0.35%	0.73%
Gross Profit+	141M	-652M	1.08B	1.27B	396M	620M	2.42B	8.16B	5.04B	1.14B
Gross Margin %	0.01%	-0.08%	0.11%	0.12%	0.05%	0.12%	0.33%	0.71%	0.65%	0.27%
Gross Profit Growth %	-0.96%	-5.62%	2.65%	0.18%	-0.69%	0.57%	2.9%	2.37%	-0.38%	-0.77%
Operating Expenses+	19.06B	3.76B	1.22B	893M	427M	9.32B	95M	4.38B	1.9B	1.94B
OpEx % of Revenue	1.49%	0.48%	0.13%	0.09%	0.05%	1.79%	0.01%	0.38%	0.24%	0.46%
Selling, General & Admin	235M	240M	333M	335M	315M	380M	118M	4.36B	2.63B	1.5B
SG&A % of Revenue	0.02%	0.03%	0.04%	0.03%	0.04%	0.07%	0.02%	0.38%	0.34%	0.35%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	18.82B	3.52B	884M	558M	112M	8.94B	-23M	19M	-729M	448M
Operating Income+	-18.92B	-4.41B	-138M	382M	-31M	-8.7B	2.33B	3.78B	3.14B	-803M
Operating Margin %	-1.48%	-0.56%	-0.01%	0.04%	-0%	-1.67%	0.32%	0.33%	0.4%	-0.19%
Operating Income Growth %	-6.44%	0.77%	0.97%	3.77%	-1.08%	-279.74%	1.27%	0.63%	-0.17%	-1.26%
EBITDA+	-16.69B	-3.3B	1.56B	2.12B	2.23B	-7.61B	3.32B	5.53B	4.67B	926M
EBITDA Margin %	-1.31%	-0.42%	0.16%	0.21%	0.26%	-1.46%	0.45%	0.48%	0.6%	0.22%
EBITDA Growth %	-3.61%	0.8%	1.47%	0.36%	0.05%	-4.41%	1.44%	0.67%	-0.16%	-0.8%
D&A (Non-Cash Add-back)	2.23B	1.11B	1.7B	1.74B	2.26B	1.1B	995M	1.75B	1.53B	1.73B
EBIT	-18.77B	-4.29B	238M	851M	12M	-9.29B	6.31B	3.81B	3.23B	-711M
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	-179M	-178M	-362M	-164M	-608M	-1.07B	3.9B	-129M	-25M	-38M
Pretax Income+	-19.1B	-4.59B	-500M	218M	-639M	-9.77B	6.22B	3.65B	3.12B	-841M
Pretax Margin %	-1.5%	-0.58%	-0.05%	0.02%	-0.08%	-1.88%	0.85%	0.32%	0.4%	-0.2%
Income Tax+	-4.46B	-190M	2M	-10M	-331M	-19M	-106M	-1.28B	698M	-127M
Effective Tax Rate %	0.76%	0.96%	1.01%	1.04%	0.48%	1%	1.02%	1.35%	0.78%	0.85%
Net Income+	-14.57B	-4.39B	-505M	226M	-308M	-9.73B	6.33B	4.94B	2.42B	-714M
Net Margin %	-1.14%	-0.56%	-0.05%	0.02%	-0.04%	-1.87%	0.87%	0.43%	0.31%	-0.17%
Net Income Growth %	-8.6%	0.7%	0.88%	1.45%	-2.36%	-30.6%	1.65%	-0.22%	-0.51%	-1.3%
Net Income (Continuing)	-14.63B	-4.4B	-502M	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)+	-4486.00	-1278.00	180.00	29.26	-49.97	-998.26	53.66	33.36	16.92	-4.55
EPS Growth %	-12.99%	0.72%	1.14%	-0.84%	-2.71%	-18.98%	1.05%	-0.38%	-0.49%	-1.27%
EPS (Basic)	-4486.00	-1278.00	180.00	29.26	-49.97	-998.26	53.66	38.71	18.21	-4.55
Diluted Shares Outstanding	3.31M	3.82M	4.53M	4.54M	8.32M	9.77M	117.92M	145.96M	142.98M	156.99M
Basic Shares Outstanding	3.31M	3.82M	4.53M	4.54M	8.32M	9.77M	117.92M	125.78M	132.84M	156.99M
Dividend Payout Ratio	-	-	-	0.41%	-	-	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	130M	1.08B	317M
Cash Only	825M	882M	5M	4M	6M	279M	905M	130M	1.08B	317M
Short-Term Investments	0	0	0	0	134M	19M	0	0	0	0
Accounts Receivable	903M	964M	1.14B	1.17B	990M	746M	1.08B	1.41B	585M	1.21B
Days Sales Outstanding	25.82	44.7	43.74	41.74	42.57	52.26	53.84	45.1	27.46	104.46
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	752M	296M	382M	424M	121M	64M	121M	1.15B	945M	472M
Total Non-Current Assets+	14.83B	10.89B	10.9B	11.14B	14.94B	5.48B	8.91B	12.77B	11.77B	25.9B
Property, Plant & Equipment	14.2B	10.58B	10.66B	10.8B	14.77B	5.26B	8.84B	11.31B	10.2B	24.43B
Fixed Asset Turnover	0.90x	0.74x	0.89x	0.95x	0.57x	0.99x	0.83x	1.01x	0.76x	0.17x
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	136M	0	0	0	0	0	0	18M	238M	307M
Other Non-Current Assets	495M	306M	236M	334M	174M	215M	69M	1.45B	1.33B	1.16B
Total Assets+	17.31B	13.03B	12.43B	12.73B	16.19B	6.58B	11.01B	15.47B	14.38B	27.89B
Asset Turnover	0.74x	0.60x	0.76x	0.80x	0.52x	0.79x	0.66x	0.74x	0.54x	0.15x
Asset Growth %	-0.58%	-0.25%	-0.05%	0.02%	0.27%	-0.59%	0.67%	0.41%	-0.07%	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	28.36	31.1	22.46	27.51	23.03	66.96	56.7	92.08
Short-Term Debt	381M	503M	52M	381M	403M	1.96B	0	0	0	389M
Deferred Revenue (Current)	0	0	0	0	1000K	1000K	0	0	0	0
Other Current Liabilities	1.78B	1.95B	1.08B	1.14B	614M	340M	1.84B	1.65B	491M	1.37B
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	3.64B	2.33B	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	0	0	0	0	25M	0	9M	33M	15M	74M
Deferred Tax Liabilities	0	0	0	53M	0	0	0	0	0	0
Other Non-Current Liabilities	892M	645M	520M	374M	293M	8.83B	604M	514M	290M	1.84B
Total Liabilities	14.92B	14.23B	12.8B	10.6B	11.79B	11.93B	5.34B	6.34B	3.65B	10.33B
Total Debt+	10.72B	10.44B	9.97B	7.72B	9.5B	1.96B	2.32B	3.21B	2.13B	5.83B
Net Debt	9.9B	9.56B	9.97B	7.72B	9.49B	1.68B	1.41B	3.08B	1.05B	5.51B
Debt / Equity	4.47x	-	-	3.62x	2.16x	-	0.41x	0.35x	0.20x	0.33x
Debt / EBITDA	-	-	6.40x	3.64x	4.25x	-	0.70x	0.58x	0.46x	6.29x
Net Debt / EBITDA	-	-	6.39x	3.64x	4.25x	-	0.43x	0.56x	0.22x	5.95x
Interest Coverage	-57.50x	-15.42x	-0.32x	0.60x	-0.05x	-26.29x	27.68x	23.63x	30.21x	-6.53x
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	724.17	-314.92	-82.12	469.31	528.65	-546.51	48.09	62.51	75.04	111.89
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%	-0.03%	0.08%	0.17%	0.19%	0.22%	0.24%	0.36%	0.31%	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	0	0	995M	0	0	1.73B
Stock-Based Compensation	0	0	0	0	30M	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	2.46B	9.99B	-6.24B	622M	-775M	950M
Working Capital Changes	-1.03B	-761M	-471M	91M	-254M	915M	814M	-123M	275M	-315M
Change in Receivables	0	0	0	0	376M	0	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	-2.22B	-2B	-2.26B	-1.14B	-735M	-1.82B	-1.83B	-1.56B
CapEx % of Revenue	0.3%	0.27%	0.23%	0.2%	0.27%	0.22%	0.1%	0.16%	0.24%	0.37%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-9M	-77M	-270M	0	136M	0	0	407M	0	187M
Cash from Financing+	-1.07B	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	-269M	-31M	-25M	-155M	-36M	-122M	-1M	10M	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 %	-0.24%	-0.3%	-0.18%	-0.03%	-0.08%	0%	0.14%	0.2%	0.07%	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	-919.94	-608.38	-385.65	-58.75	-76.88	2.25	8.93	15.77	3.85	0.05
FCF Conversion (FCF/Net Income)	-0.05x	0.05x	-1.48x	7.65x	-5.27x	-0.12x	0.28x	0.84x	0.98x	-2.19x
Interest Paid	235M	344M	667M	0	0	0	0	146M	117M	0
Taxes Paid	44M	-27M	16M	0	0	0	0	193M	132M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-141.41%	-735.34%	-	25.67%	-9.43%	-	3835.15%	66.73%	24.37%	-5.05%
Return on Invested Capital (ROIC)	-74.74%	-32.04%	-1.15%	2.95%	-0.2%	-127.51%	101.85%	29.4%	19.65%	-3.46%
Gross Margin	1.1%	-8.28%	11.36%	12.46%	4.66%	11.9%	33.15%	71.28%	64.81%	27.03%
Net Margin	-114.13%	-55.77%	-5.32%	2.21%	-3.63%	-186.83%	86.67%	43.14%	31.11%	-16.92%
Debt / Equity	4.47x	-	-	3.62x	2.16x	-	0.41x	0.35x	0.20x	0.33x
Interest Coverage	-57.50x	-15.42x	-0.32x	0.60x	-0.05x	-26.29x	27.68x	23.63x	30.21x	-6.53x
FCF Conversion	-0.05x	0.05x	-1.48x	7.65x	-5.27x	-0.12x	0.28x	0.84x	0.98x	-2.19x
Revenue Growth	-44.8%	-38.33%	20.63%	7.74%	-17.03%	-38.63%	40.13%	56.73%	-32.05%	-45.71%

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	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Expand Energy Corporation (EXE) reported $10.85B in revenue for fiscal year 2024. This represents a 7% decrease from $11.63B in 2011.

Expand Energy Corporation (EXE) saw revenue decline by 45.7% over the past year.

Yes, Expand Energy Corporation (EXE) is profitable, generating $867.0M in net income for fiscal year 2024 (-16.9% net margin).

Dividend & Returns

Yes, Expand Energy Corporation (EXE) pays a dividend with a yield of 2.48%. This makes it attractive for income-focused investors.

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

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