Selected Financial Data
since 2021
Income Statement
Expand Energy Corp., selected items from income statement, long-term trends
US$ in millions
| 12 months ended: | Revenues | Income (loss) from operations | Net income (loss) |
|---|---|---|---|
| Dec 31, 2024 | 4,259) | (803) | (714) |
| Dec 31, 2023 | 6,047) | 3,142) | 2,419) |
| Dec 31, 2022 | 14,123) | 3,780) | 4,936) |
| Dec 31, 2021 | 7,301) | 704) | 6,328) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
- Revenue Trends
- Revenues exhibited significant fluctuation over the analyzed period. The company experienced a substantial increase from 7,301 million US dollars at the end of 2021 to 14,123 million US dollars by the end of 2022, representing nearly a doubling in revenue. However, this upward trajectory reversed sharply afterward, with revenues decreasing to 6,047 million US dollars in 2023 and further declining to 4,259 million US dollars by the end of 2024.
- Income from Operations
- Income from operations followed a somewhat correlated pattern to revenues but with notable distinctions. There was a pronounced increase from 704 million US dollars in 2021 to 3,780 million US dollars in 2022, indicating improved operational efficiency or margin expansion during that year. Although income from operations remained positive in 2023 at 3,142 million US dollars, it dropped sharply by about 74% compared to 2022. In 2024, the company incurred an operational loss of 803 million US dollars, reflecting a deterioration in operating performance.
- Net Income (Loss)
- Net income showed a decreasing trend over the four years. The company reported a peak net income of 6,328 million US dollars in 2021, which dropped by approximately 22% to 4,936 million US dollars in 2022. The decline continued in 2023 with net income falling to 2,419 million US dollars, nearly half of the previous year's value. By 2024, the net income turned negative, with a net loss of 714 million US dollars, indicating overall financial challenges.
- Overall Financial Performance
- The financial indicators illustrate a period of strong growth and profitability peaking around 2021-2022, followed by a significant downturn through 2023 and into 2024. The steep decline in revenues accompanied by a transition from operational profit to loss signifies potential issues such as market contraction, increased costs, or operational inefficiencies. The consistent decrease in net income culminating in a net loss further highlights the firm's deteriorating profitability in the latest period.
Balance Sheet: Assets
Expand Energy Corp., selected items from assets, long-term trends
US$ in millions
| Current assets | Total assets | |
|---|---|---|
| Dec 31, 2024 | 1,997) | 27,894) |
| Dec 31, 2023 | 2,609) | 14,376) |
| Dec 31, 2022 | 2,698) | 15,468) |
| Dec 31, 2021 | 2,103) | 11,009) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
- Current Assets
- The current assets showed an increase from US$ 2,103 million at the end of 2021 to US$ 2,698 million at the end of 2022, indicating a growth in the company's short-term assets. However, in 2023, current assets slightly decreased to US$ 2,609 million, followed by a more significant decline to US$ 1,997 million by the end of 2024. This trend suggests a reduction in liquidity and possibly a tightening of working capital in the later period.
- Total Assets
- The total assets demonstrated substantial growth over the period. From US$ 11,009 million at the end of 2021, total assets increased markedly to US$ 15,468 million in 2022. There was a small decrease in 2023 to US$ 14,376 million, but this was followed by a very significant increase to US$ 27,894 million at the end of 2024. This sharp rise in total assets in 2024 may indicate large investments, acquisitions, or significant capitalization activities during that year. The disparity between the growth in total assets and the decline in current assets in 2024 could reflect a shift towards more long-term or less liquid asset holdings.
Balance Sheet: Liabilities and Stockholders’ Equity
Expand Energy Corp., selected items from liabilities and stockholders’ equity, long-term trends
US$ in millions
| Current liabilities | Total liabilities | Long-term debt, including current maturities, net | Stockholders’ equity | |
|---|---|---|---|---|
| Dec 31, 2024 | 3,123) | 10,329) | 5,680) | 17,565) |
| Dec 31, 2023 | 1,314) | 3,647) | 2,028) | 10,729) |
| Dec 31, 2022 | 2,704) | 6,344) | 3,093) | 9,124) |
| Dec 31, 2021 | 2,447) | 5,338) | 2,278) | 5,671) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
- Current Liabilities
- Current liabilities increased from US$2,447 million in 2021 to US$2,704 million in 2022, indicating a modest rise. However, in 2023, they sharply decreased to US$1,314 million before climbing significantly to US$3,123 million in 2024. This fluctuation suggests variability in the company's short-term financial obligations, with a notable reduction followed by an increase surpassing previous levels.
- Total Liabilities
- Total liabilities showed a general upward trajectory from US$5,338 million in 2021 to US$6,344 million in 2022. Thereafter, they decreased sharply to US$3,647 million in 2023 but rose considerably to US$10,329 million in 2024. This pattern mirrors the behavior of current liabilities, highlighting large swings in the company's overall debt and obligations over the analyzed period.
- Long-term Debt, Including Current Maturities, Net
- Long-term debt exhibited an increase from US$2,278 million in 2021 to US$3,093 million in 2022, followed by a decline to US$2,028 million in 2023. In 2024, a substantial increase to US$5,680 million occurred. This indicates that long-term borrowing decreased significantly in 2023 but rebounded strongly in the subsequent year, contributing notably to the increase in total liabilities.
- Stockholders’ Equity
- Stockholders’ equity consistently increased across all periods, starting from US$5,671 million in 2021 and rising to US$9,124 million in 2022. It continued to grow to US$10,729 million in 2023 and further accelerated to US$17,565 million in 2024. This positive trend illustrates strengthening equity base and suggests increased retained earnings, capital injections, or asset revaluation contributing to the company’s net worth.
Cash Flow Statement
Expand Energy Corp., selected items from cash flow statement, long-term trends
US$ in millions
| 12 months ended: | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash used in financing activities |
|---|---|---|---|
| Dec 31, 2024 | 1,565) | (1,904) | (419) |
| Dec 31, 2023 | 2,380) | 473) | (1,892) |
| Dec 31, 2022 | 4,125) | (3,401) | (1,446) |
| Dec 31, 2021 | 1,788) | (916) | (237) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
- Operating Activities
- Net cash provided by operating activities demonstrates significant fluctuations over the evaluated periods. Starting from 1,788 million US$ in 2021, it sharply increased to 4,125 million US$ in 2022, indicating a substantial improvement in core operational cash generation. However, this was followed by a decline to 2,380 million US$ in 2023 and a further decrease to 1,565 million US$ in 2024. Despite the declines after 2022, operating cash flow remains positive throughout, suggesting ongoing operational profitability but with reduced momentum in the latter periods.
- Investing Activities
- Cash flow from investing activities exhibits considerable volatility and wide swings between positive and negative values. In 2021, the company experienced a cash outflow of 916 million US$, which worsened significantly to -3,401 million US$ in 2022, reflecting likely increased investment or capital expenditures. The trend reversed in 2023 with a positive cash inflow of 473 million US$, signaling divestitures or returns on prior investments. However, in 2024, the company again posted a substantial negative cash flow of -1,904 million US$, indicating renewed investment or acquisition activity. This pattern suggests a strategic, possibly opportunistic approach to asset management and investment timing.
- Financing Activities
- Net cash used in financing activities has consistently been negative across all years, indicating net outflows likely related to debt repayments, dividend distributions, or share buybacks. The outflow increased markedly from 237 million US$ in 2021 to 1,446 million US$ in 2022, peaking at 1,892 million US$ in 2023, before reducing to 419 million US$ in 2024. This pattern may indicate an initial period of significant deleveraging or shareholder returns, followed by a moderation in financing activities in the most recent period.
- Overall Trends
- The cash flow trends indicate a company experiencing variable operational efficiency but maintaining positive operating cash flow throughout. The investing activities show active capital deployment and divestment cycles, while financing activities reflect a strong focus on reducing liabilities or returning capital before moderating. These patterns could suggest strategic adjustments in investment and funding policies in response to market conditions or internal priorities.
Per Share Data
Expand Energy Corp., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Dec 31, 2024 | -4.55 | -4.55 | 2.44 |
| Dec 31, 2023 | 18.21 | 16.92 | 3.62 |
| Dec 31, 2022 | 38.71 | 33.36 | 9.59 |
| Dec 31, 2021 | 62.19 | 54.39 | 1.13 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1, 2, 3 Data adjusted for splits and stock dividends.
- Basic Earnings Per Share
- The basic earnings per share (EPS) demonstrate a significant downward trend over the four-year period. Starting from a high of 62.19 US$ in 2021, the EPS decreased to 38.71 US$ in 2022, then further declined sharply to 18.21 US$ in 2023. By 2024, the EPS turned negative, reaching -4.55 US$, indicating a loss attributable to shareholders during that year.
- Diluted Earnings Per Share
- The diluted EPS follows a similar decreasing pattern as the basic EPS. Beginning at 54.39 US$ in 2021, it lowered to 33.36 US$ in 2022 and continued to fall to 16.92 US$ in 2023. Like the basic EPS, it also dropped into negative territory at -4.55 US$ in 2024, suggesting deteriorating profitability even after accounting for potential shares dilutive effects.
- Dividend Per Share
- The dividend per share trend differs from the earnings figures. It rose sharply from 1.13 US$ in 2021 to 9.59 US$ in 2022, representing a significant increase in shareholder return. However, in the subsequent years, dividends per share decreased to 3.62 US$ in 2023 and further down to 2.44 US$ in 2024. Despite the fall, the dividend remains above the initial 2021 level, showing that dividends were maintained at levels higher than the early period despite worsening earnings.