EXPAND ENERGY Corp
Company Stats
- Market Cap
- $19.5B
- as of Sep 30, 2026
- Enterprise Value
- $23.9B
- Shares Outstanding
- 231.5M
- Free Float
- 62.6%
Income Statement
- Revenue
- $12.1B
- Operating Income
- $2.5B
- Net Income
- $1.8B
- EBITDA
- $5.5B
- Non-cash Impairment
- $37.0M
- Revenue Growth, 3Y
- 1.1%
- FCF Margin, 3Y Avg
- 7.2%
- FCF Margin, Worst Year
- 0.2%
Cash Flow
- Free Cash Flow
- $1.8B
- FCF Yield
- 9.4%
- Owner FCF Yield
- 9.2%
Balance Sheet
- Cash & Equivalents
- $616.0M
- Total Debt
- $5.0B
- Net Debt
- $4.4B
- Net Debt / EBITDA
- 0.81x
- EV / EBITDA
- 4.38x
- Net Debt / EBIT
- 1.78x
Returns & Capital
- Dividends Paid
- $765.0M
- Dividend Yield
- 3.9%
- Share Repurchases
- $100.0M
- Buyback Yield, 3Y Avg
- 0.8%
- SBC, 3Y Avg
- $39.0M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $12.1B | $1.8B | 15.2% |
| FY2024 | $4.2B | $8.0M | 0.2% |
| FY2023 | $8.7B | $551.0M | 6.3% |
| FY2022 | $11.7B | $2.3B | 19.6% |
| FY2021 | $5.5B | $1.1B | 20.5% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 25, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Energy Earnings: Demand Runs Hot, Capex Stays Disciplined