Short answer
Expand Energy (EXE) filed its fiscal 2024 10-K annual report with the SEC on Feb 26, 2025. It reported revenue of $4.2B (−51.4% year over year) and net income of −$714M.
FY2024 key financial metrics · XBRL
- Revenue
- $4.2B
- −51.4% YoY
- Net income
- −$714M
- −129.5% YoY
- Operating margin
- -19.0%
- −55.0 pp YoY
- EPS (diluted)
- −$4.55
- −126.9% YoY
- ROE
- -4.1%
- −26.6 pp YoY
- Operating cash flow
- $1.6B
- −34.2% YoY
Source: XBRL data from the Expand Energy (EXE) FY2024 10-K on SEC EDGAR. USD.
Expand Energy FY2024 10-K analysis
AI summary of each section, grounded in the filing text
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
Generated from the filing text; verify against the original. How to read a 10-K
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