Stock Analysis on Net

Expand Energy Corp. (NASDAQ:EXE)

Analysis of Solvency Ratios 
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

Expand Energy Corp., solvency ratios (quarterly data)

Microsoft Excel
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
Debt Ratios
Debt to equity 0.30 0.32 0.20 0.19 0.19 0.19 0.20 0.20 0.20 0.34 0.43 0.52 0.52 0.40 0.41 0.37 0.33
Debt to capital 0.23 0.24 0.17 0.16 0.16 0.16 0.17 0.16 0.17 0.25 0.30 0.34 0.34 0.29 0.29 0.27 0.25
Debt to assets 0.19 0.20 0.15 0.15 0.14 0.14 0.14 0.14 0.14 0.20 0.19 0.22 0.21 0.21 0.17 0.18 0.18
Financial leverage 1.62 1.59 1.31 1.31 1.31 1.34 1.39 1.39 1.42 1.70 2.22 2.39 2.47 1.94 2.41 2.05 1.78
Coverage Ratios
Interest coverage -6.32 -5.84 4.89 7.48 16.78 30.97 38.48 37.15 38.90 23.82 20.56 14.91 -1.25 75.07

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Expand Energy Corp. debt to equity ratio deteriorated from Q3 2024 to Q4 2024 but then slightly improved from Q4 2024 to Q1 2025.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Expand Energy Corp. debt to capital ratio deteriorated from Q3 2024 to Q4 2024 but then slightly improved from Q4 2024 to Q1 2025.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Expand Energy Corp. debt to assets ratio deteriorated from Q3 2024 to Q4 2024 but then slightly improved from Q4 2024 to Q1 2025.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Expand Energy Corp. financial leverage ratio increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Expand Energy Corp. interest coverage ratio deteriorated from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.

Debt to Equity

Expand Energy Corp., debt to equity calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in millions)
Current maturities of long-term debt, net 389
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
Total debt 5,243 5,680 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
 
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
Solvency Ratio
Debt to equity1 0.30 0.32 0.20 0.19 0.19 0.19 0.20 0.20 0.20 0.34 0.43 0.52 0.52 0.40 0.41 0.37 0.33
Benchmarks
Debt to Equity, Competitors2
Chevron Corp. 0.16 0.17 0.15 0.14 0.13 0.12 0.14 0.15 0.15 0.15 0.17 0.20 0.23 0.27 0.32 0.34
ConocoPhillips 0.38 0.37 0.37 0.37 0.38 0.40 0.35 0.35 0.35 0.35 0.34 0.38 0.44 0.45 0.45 0.46
Exxon Mobil Corp. 0.16 0.16 0.16 0.20 0.20 0.21 0.21 0.21 0.21 0.24 0.26 0.28 0.28 0.35 0.38 0.40
Occidental Petroleum Corp. 0.76 0.77 0.62 0.64 0.65 0.68 0.68 0.67 0.66 0.73 0.80 1.06 1.46 1.68 1.97 1.97

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

1 Q1 2025 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 5,243 ÷ 17,191 = 0.30

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Expand Energy Corp. debt to equity ratio deteriorated from Q3 2024 to Q4 2024 but then slightly improved from Q4 2024 to Q1 2025.

Debt to Capital

Expand Energy Corp., debt to capital calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in millions)
Current maturities of long-term debt, net 389
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
Total debt 5,243 5,680 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
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 capital 22,434 23,245 12,205 12,391 12,707 12,757 12,300 12,432 12,323 12,217 9,064 8,854 8,157 7,949 4,297 4,674 5,143
Solvency Ratio
Debt to capital1 0.23 0.24 0.17 0.16 0.16 0.16 0.17 0.16 0.17 0.25 0.30 0.34 0.34 0.29 0.29 0.27 0.25
Benchmarks
Debt to Capital, Competitors2
Chevron Corp. 0.14 0.14 0.13 0.12 0.11 0.11 0.12 0.13 0.13 0.13 0.15 0.17 0.18 0.22 0.24 0.26
ConocoPhillips 0.27 0.27 0.27 0.27 0.28 0.29 0.26 0.26 0.26 0.26 0.25 0.28 0.31 0.31 0.31 0.32
Exxon Mobil Corp. 0.14 0.14 0.14 0.16 0.17 0.17 0.17 0.17 0.17 0.20 0.21 0.22 0.22 0.26 0.28 0.29
Occidental Petroleum Corp. 0.43 0.43 0.38 0.39 0.39 0.40 0.41 0.40 0.40 0.42 0.44 0.51 0.59 0.63 0.66 0.66

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

1 Q1 2025 Calculation
Debt to capital = Total debt ÷ Total capital
= 5,243 ÷ 22,434 = 0.23

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Expand Energy Corp. debt to capital ratio deteriorated from Q3 2024 to Q4 2024 but then slightly improved from Q4 2024 to Q1 2025.

Debt to Assets

Expand Energy Corp., debt to assets calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in millions)
Current maturities of long-term debt, net 389
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
Total debt 5,243 5,680 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
 
Total assets 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
Solvency Ratio
Debt to assets1 0.19 0.20 0.15 0.15 0.14 0.14 0.14 0.14 0.14 0.20 0.19 0.22 0.21 0.21 0.17 0.18 0.18
Benchmarks
Debt to Assets, Competitors2
Chevron Corp. 0.10 0.10 0.09 0.08 0.08 0.08 0.09 0.09 0.09 0.09 0.10 0.12 0.13 0.16 0.18 0.19
ConocoPhillips 0.20 0.19 0.19 0.19 0.20 0.20 0.18 0.18 0.18 0.18 0.18 0.20 0.22 0.23 0.23 0.24
Exxon Mobil Corp. 0.09 0.09 0.09 0.11 0.11 0.11 0.11 0.11 0.11 0.12 0.13 0.13 0.14 0.17 0.18 0.19
Occidental Petroleum Corp. 0.31 0.31 0.26 0.27 0.27 0.28 0.28 0.28 0.27 0.29 0.30 0.36 0.39 0.42 0.45 0.45

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

1 Q1 2025 Calculation
Debt to assets = Total debt ÷ Total assets
= 5,243 ÷ 27,934 = 0.19

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Expand Energy Corp. debt to assets ratio deteriorated from Q3 2024 to Q4 2024 but then slightly improved from Q4 2024 to Q1 2025.

Financial Leverage

Expand Energy Corp., financial leverage calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in millions)
Total assets 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
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
Solvency Ratio
Financial leverage1 1.62 1.59 1.31 1.31 1.31 1.34 1.39 1.39 1.42 1.70 2.22 2.39 2.47 1.94 2.41 2.05 1.78
Benchmarks
Financial Leverage, Competitors2
Chevron Corp. 1.69 1.66 1.64 1.63 1.63 1.60 1.59 1.60 1.62 1.64 1.68 1.70 1.72 1.77 1.82 1.83
ConocoPhillips 1.89 1.94 1.93 1.93 1.95 1.96 1.89 1.91 1.95 1.93 1.87 1.90 2.00 1.98 1.93 1.94
Exxon Mobil Corp. 1.72 1.72 1.72 1.84 1.84 1.86 1.82 1.86 1.89 1.99 2.07 2.10 2.01 2.10 2.13 2.13
Occidental Petroleum Corp. 2.50 2.47 2.38 2.41 2.45 2.45 2.45 2.42 2.41 2.51 2.67 2.98 3.69 4.01 4.38 4.34

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

1 Q1 2025 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 27,934 ÷ 17,191 = 1.62

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Expand Energy Corp. financial leverage ratio increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.

Interest Coverage

Expand Energy Corp., interest coverage calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in millions)
Net income (loss) (249) (399) (114) (227) 26 569 70 391 1,389 3,580 883 1,237 (764) 1,434 (345) (439) 5,678
Add: Income tax expense (70) (22) (44) (68) 7 166 1 127 404 (1,390) 74 77 (46) (39) (10) (57)
Add: Interest expense 59 64 20 20 19 22 23 22 37 40 52 36 32 26 17 18 23
Earnings before interest and tax (EBIT) (260) (357) (138) (275) 52 757 94 540 1,830 2,230 1,009 1,350 (778) 1,421 (338) (421) 5,644
Solvency Ratio
Interest coverage1 -6.32 -5.84 4.89 7.48 16.78 30.97 38.48 37.15 38.90 23.82 20.56 14.91 -1.25 75.07
Benchmarks
Interest Coverage, Competitors2
Chevron Corp. 47.31 49.42 59.46 60.29 64.08 77.06 87.36 102.29 97.27 86.49 68.50 44.87 31.39 19.12 8.50 -11.85
ConocoPhillips 18.46 19.45 20.40 20.49 21.88 24.35 28.69 33.08 36.07 33.30 28.10 22.60 15.38 9.41 4.77 1.17
Exxon Mobil Corp. 50.07 52.17 54.97 54.07 63.17 74.98 85.62 108.93 94.68 88.00 68.10 42.27 33.98 -5.84 -14.48 -20.45
Occidental Petroleum Corp. 4.46 6.29 6.94 6.76 7.80 8.59 9.99 15.23 14.71 12.90 9.58 5.07 3.30 1.15 -2.26 -8.10

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

1 Q1 2025 Calculation
Interest coverage = (EBITQ1 2025 + EBITQ4 2024 + EBITQ3 2024 + EBITQ2 2024) ÷ (Interest expenseQ1 2025 + Interest expenseQ4 2024 + Interest expenseQ3 2024 + Interest expenseQ2 2024)
= (-260 + -357 + -138 + -275) ÷ (59 + 64 + 20 + 20) = -6.32

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Expand Energy Corp. interest coverage ratio deteriorated from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.