The financials
Expand Energy by the numbers
Expand Energy (EXE) reported revenue of $4.40B in Q1 2026 (quarter ended March 31, 2026), up 100% from the same quarter a year earlier. That came with net income of $1.16B (26% of revenue). For the full year FY2025, revenue was $12.1B (+186% year on year) and net income $1.82B. Its largest product in 2026-Q1 was Oil And Gas at $3.31B, 73% of the disclosed total, just ahead of Natural Gas Marketing Sales at 25%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $4.40B | $2.20B | +100% |
| Operating income | $1.53B | −$268M | to a profit |
| Net income | $1.16B | −$249M | to a profit |
| Diluted EPS | $4.81 | −$1.06 | to a profit |
| Product | Revenue | Share |
|---|---|---|
| Oil And Gas | $3.31B | 73% |
| Natural Gas Marketing Sales | $1.13B | 25% |
| Natural Gas Liquids Marketing Sales | $40M | 0.9% |
| Oil Marketing Sales | $38M | 0.8% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $4.53B (+80%)
Oil And Gas grew +44% year on yearNatural Gas Liquids Marketing Sales +2.6% year on year
Segment Latestquarter on quarteryear on year
- Oil And Gas$3.31B$3.31BQoQ +79%year on year +44%+79%+44%
- Natural Gas Marketing Sales$1.13B$1.13BQoQ +89%year on year +35%+89%+35%
- Natural Gas Liquids Marketing Sales$40.0M$40.0MQoQ +21%year on year +2.6%+21%+2.6%
- Oil Marketing Sales$38.0M$38.0MQoQ +12%year on year +12%+12%+12%
- Natural Gas Liquids Sales$0.00$0.00QoQ -year on year ---
- Oil Sales$0.00$0.00QoQ -year on year ---