Expand Energy (EXE) FY2024 10-K Annual Report
Expand Energy (EXE) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 26, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Expand Energy FY2024 10-K Analysis
Business Overview
- • Core business model not described in this filing section; focus on governance and compliance posting
- • No new products, services, or segments introduced or emphasized in this year's filing text
- • Strategic shifts or competitive positioning details absent from the provided business section
- • No quantitative business metrics disclosed; proxy statement referenced for executive compensation and ownership data
- • Unusual focus on posting Code of Business Conduct and amendments on website, details not incorporated by reference
Management Discussion & Analysis
- • Revenue $2.969B in 2024 vs $3.547B in 2023, down $578M mainly from lower prices (-$426M) and Eagle Ford divestiture (-$764M)
- • Operating costs: Production expenses decreased to $316M ($0.23/Mcfe) from $356M ($0.27/Mcfe) due to divestitures and merger impacts
- • Best segment: Southwest Appalachia revenue $522M from $0 in 2023, driven by Southwestern Merger; Worst: Eagle Ford sales down $764M post-divestiture
- • GP&T expenses rose to $1.035B ($0.75/Mcfe) from $853M ($0.64/Mcfe) due to merger, offset partially by Eagle Ford divestiture savings
- • Management notes lower commodity prices and divestitures as risks; no explicit forward guidance provided in excerpt
Expand Energy FY2024 Key Financial MetricsXBRL
Revenue
$4.2B
▼ -51.4% YoY
Net Income
-$714M
▼ -129.5% YoY
Operating Margin
-19.0%
▼ -5499bp YoY
Net Margin
-16.9%
▼ -4460bp YoY
ROE
-4.1%
▼ -2661bp YoY
Total Assets
$27.9B
▲ +94.0% YoY
EPS (Diluted)
$-4.55
▼ -126.9% YoY
Operating Cash Flow
$1.6B
▼ -34.2% YoY
Source: XBRL data from Expand Energy FY2024 10-K filing on SEC EDGAR. All figures in USD.
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