Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Expand Energy Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Accounts payable	654)	777)	264)	274)	317)	425)	540)	642)	631)	603)	539)	414)	374)	308)	257)	281)	346)
Current maturities of long-term debt, net	—)	389)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Accrued interest	68)	100)	41)	39)	41)	39)	41)	39)	40)	42)	40)	38)	39)	38)	10)	24)	11)
Derivative liabilities	896)	71)	5)	7)	5)	3)	20)	26)	25)	432)	1,875)	2,059)	2,638)	899)	1,345)	780)	305)
Other current liabilities	1,971)	1,786)	589)	611)	657)	847)	1,013)	944)	1,202)	1,627)	1,784)	1,730)	1,341)	1,202)	898)	781)	781)
Current liabilities	3,589)	3,123)	899)	931)	1,020)	1,314)	1,614)	1,651)	1,898)	2,704)	4,238)	4,241)	4,392)	2,447)	2,510)	1,866)	1,443)
Long-term debt, net, excluding current maturities	5,243)	5,291)	2,017)	2,021)	2,025)	2,028)	2,032)	2,036)	2,040)	3,093)	2,717)	3,046)	2,774)	2,278)	1,259)	1,261)	1,262)
Long-term derivative liabilities	129)	68)	—)	3)	1)	9)	40)	29)	42)	174)	419)	446)	393)	249)	265)	211)	76)
Asset retirement obligations, net of current portion	506)	499)	271)	264)	269)	265)	273)	277)	279)	323)	350)	337)	334)	349)	244)	241)	237)
Long-term contract liabilities	1,159)	1,227)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other long-term liabilities	117)	121)	17)	19)	21)	31)	21)	40)	49)	50)	18)	21)	17)	15)	10)	7)	5)
Long-term liabilities	7,154)	7,206)	2,305)	2,307)	2,316)	2,333)	2,366)	2,382)	2,410)	3,640)	3,504)	3,850)	3,518)	2,891)	1,778)	1,720)	1,580)
Total liabilities	10,743)	10,329)	3,204)	3,238)	3,336)	3,647)	3,980)	4,033)	4,308)	6,344)	7,742)	8,091)	7,910)	5,338)	4,288)	3,586)	3,023)
Common stock, $0.01 par value	2)	2)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)
Additional paid-in capital	13,700)	13,687)	5,778)	5,768)	5,758)	5,754)	5,735)	5,726)	5,729)	5,724)	5,627)	5,619)	5,615)	4,845)	3,594)	3,590)	3,585)
Retained earnings (accumulated deficit)	3,489)	3,876)	4,409)	4,601)	4,923)	4,974)	4,532)	4,669)	4,553)	3,399)	719)	188)	(233)	825)	(557)	(178)	295)
Accumulated other comprehensive income	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Stockholders’ equity	17,191)	17,565)	10,188)	10,370)	10,682)	10,729)	10,268)	10,396)	10,283)	9,124)	6,347)	5,808)	5,383)	5,671)	3,038)	3,413)	3,881)
Total liabilities and stockholders’ equity	27,934)	27,894)	13,392)	13,608)	14,018)	14,376)	14,248)	14,429)	14,591)	15,468)	14,089)	13,899)	13,293)	11,009)	7,326)	6,999)	6,904)

Accounts Payable: Accounts payable shows a fluctuating pattern with an initial decline from 346 million USD in March 2021 to 257 million USD in September 2021, followed by an increase peaking at 777 million USD in December 2024 and subsequently declining to 654 million USD by March 2025.
Current Maturities of Long-Term Debt, Net: This item is mostly unreported except for a notable amount of 389 million USD reported in December 2024, indicating a sudden recognition or reclassification of current debt maturities during that period.
Accrued Interest: Accrued interest remains relatively stable throughout the periods, generally oscillating in the range of 10 to 42 million USD, with a marked increase to 100 million USD in December 2024 followed by a decrease to 68 million USD in March 2025.
Derivative Liabilities: Derivative liabilities exhibit considerable volatility, rising sharply from 305 million USD in March 2021 to a maximum of 2638 million USD in March 2022, then dramatically falling to single digits by December 2023. There is a resurgence in derivative liabilities in December 2024 and March 2025, reaching 896 million USD.
Other Current Liabilities: Other current liabilities generally trend upward peaking at 1786 million USD in December 2024 and 1971 million USD in March 2025, from an initial 781 million USD in early 2021. The figure exhibits some variability but remains relatively elevated in the latter periods.
Current Liabilities: Current liabilities increase substantially from 1,443 million USD in March 2021 to a peak of 4,392 million USD in March 2022, followed by a steady decline to 899 million USD by September 2024, before rising again to 3,589 million USD in March 2025.
Long-Term Debt, Net (Excluding Current Maturities): Long-term debt trends upward from 1,262 million USD in March 2021 to a high of 3,093 million USD in December 2021, then declines slightly and remains around 2,000 million USD until a sharp increase to 5,291 million USD in December 2024, before settling at 5,243 million USD in March 2025.
Long-Term Derivative Liabilities: Long-term derivative liabilities increase from 76 million USD in March 2021 to 446 million USD in June 2022, followed by a general decline to nearly zero in September 2024; however, a rebound to 129 million USD occurs by March 2025.
Asset Retirement Obligations, Net of Current Portion: These obligations show a gradual increase from 237 million USD in March 2021 to a peak of 499 million USD in December 2024 and maintain a similar level at 506 million USD in March 2025, indicating ongoing long-term commitments.
Long-Term Contract Liabilities: Long-term contract liabilities are only reported in later periods, with 1,227 million USD in December 2024 and a slight decrease to 1,159 million USD by March 2025, suggesting new long-term contractual obligations arising recently.
Other Long-Term Liabilities: Other long-term liabilities fluctuate at low levels initially, then increase sharply to 121 million USD in December 2024, slightly decreasing to 117 million USD in March 2025, indicating escalated miscellaneous long-term obligations.
Long-Term Liabilities: Long-term liabilities overall increase from 1,580 million USD in March 2021 to 3,850 million USD in June 2022, then dip to approximately 2,300 million USD during 2023 and early 2024 before rising dramatically to over 7,200 million USD in December 2024 and remaining elevated through March 2025.
Total Liabilities: Total liabilities grow significantly from 3,023 million USD in March 2021 to 8,091 million USD in June 2022, before declining steadily to around 3,200 million USD in early 2024, then spiking sharply to more than 10,000 million USD by the end of 2024 and staying elevated thereafter.
Common Stock: Common stock remains stable at 1 million USD until a slight increase to 2 million USD occurs in December 2024 and continues at that level in March 2025.
Additional Paid-In Capital: Additional paid-in capital increases incrementally from approximately 3,585 million USD in early 2021 to nearly 5,758 million USD by early 2024, before a significant jump to over 13,600 million USD by December 2024 and March 2025.
Retained Earnings (Accumulated Deficit): Retained earnings fluctuate dramatically, starting from a positive 295 million USD in March 2021, plunging to negative 557 million USD in September 2021, followed by a recovery and sharp increase to over 4,500 million USD in March 2023. A gradual decline follows, ending at about 3,489 million USD in March 2025.
Stockholders’ Equity: Stockholders’ equity follows a general upward trend from 3,881 million USD in March 2021 to 10,729 million USD in December 2023, surging significantly to over 17,000 million USD by December 2024 and March 2025.
Total Liabilities and Stockholders’ Equity: The aggregate total increases steadily from 6,904 million USD in March 2021 to a pronounced peak near 28,000 million USD by late 2024 and remains stable through March 2025, reflecting the combined effects of rising liabilities and equity.

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Expand Energy Corp. (NASDAQ:EXE)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data