Short answer
Expand Energy (EXE) filed its Q3 2025 10-Q quarterly report on Oct 28, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $3.0B (up 357.7% year over year) with net income of $547M.
Q3 2025 key financials · XBRL
- Revenue
- $3.0B
- +357.7% YoY · −19.6% QoQ
- Net income
- $547M
- +579.8% YoY · −43.5% QoQ
- Operating margin
- 24.4%
- EPS (diluted)
- $2.28
- +365.1% YoY · −43.7% QoQ
Source: XBRL data from the Expand Energy (EXE) Q3 2025 10-Q on SEC EDGAR. USD.
Expand Energy Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue not explicitly stated; Southwestern Merger valued at $7.9B in stock issued
- Natural gas segment largest independent producer; no specific segment revenue/margin data disclosed
- Cash on hand $0.6B, liquidity $4.1B, no borrowings on $3.5B credit facility as of 9/30/25
- $1B stock repurchase authorized; $100M spent repurchasing 0.9M shares in current period
- Senior notes repaid: $389M in 2025 Notes, $47M in 2026 Notes, ~$225M senior notes repurchased in 2025
- Base quarterly dividend declared $0.575 per share, payable Dec 2025; $2.30 annual base dividend targeted
- Near-term outlook cautious due to geopolitical and macroeconomic volatility; hedged ~50% gas volumes through 2026
Risk Factors
- No new or updated risk factors this quarter; risk disclosures same as 2024 Form 10-K
- Material risks include operational challenges in scaling energy infrastructure amid market volatility
- Regulatory risk focuses on compliance with evolving clean energy standards and potential penalties
- Financial risk centers on liquidity management given $200 million debt maturity in 2026 and currency exposure from European operations
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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