10-Q quarterly report · filed Oct 28, 2025

Expand Energy (EXE) Q3 2025 10-Q Quarterly Report

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

Other Expand Energy quarterly reports

Ask about this quarter

Compare quarters, check guidance or see what insiders and funds did around the report.