Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.87B | $10.0B | $10.0B | $8.53B | $5.24B | — | $11.7B | $8.72B | $4.24B | $12.1B |
| Revenue growth | — | 27.5% | -0.1% | -14.9% | -38.6% | — | — | -25.7% | -51.4% | 186.3% |
| Operating income | -$4.41B | -$138M | $382M | -$31.0M | -$8.70B | — | $3.78B | $3.14B | -$803M | $2.47B |
| Operating margin | -56.0% | -1.4% | 3.8% | -0.4% | -166.1% | — | 32.2% | 36.0% | -19.0% | 20.4% |
| Net income | -$4.39B | -$505M | $226M | -$308M | -$9.73B | — | $4.94B | $2.42B | -$714M | $1.82B |
| Net margin | -55.8% | -5.0% | 2.3% | -3.6% | -185.8% | — | 42.0% | 27.7% | -16.9% | 15.0% |
| EPS (diluted) | -$6.43 | -$0.70 | $29.26 | -$49.97 | -$998.26 | — | $33.36 | $16.92 | -$4.55 | $7.57 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$204M | $475M | $1.73B | $1.62B | $1.16B | — | $4.13B | $2.38B | $1.56B | $4.58B |
| Capital expenditures | $1.45B | — | — | — | $1.14B | — | $1.82B | $1.83B | $1.56B | $2.74B |
| Free cash flow | -$1.65B | — | — | — | $22.0M | — | $2.30B | $551M | $8.00M | $1.84B |
| Share buybacks | — | — | — | — | $0.00 | — | $1.07B | $355M | $0.00 | $100M |
| Dividends paid | $0.00 | $0.00 | — | $0.00 | $0.00 | — | $1.21B | $487M | $388M | $765M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $882M | $5.00M | $4.00M | $6.00M | $279M | $40.0M | $130M | $1.08B | $317M | $616M |
| Total assets | $13.0B | $12.4B | $12.7B | $16.2B | $6.58B | $6.81B | $15.5B | $14.4B | $27.9B | $28.3B |
| Total liabilities | — | — | — | $11.8B | $11.9B | $3.23B | $6.34B | $3.65B | $10.3B | $9.71B |
| Long-term debt | $9.94B | $9.92B | $7.34B | $9.07B | $0.00 | $2.28B | $3.09B | $2.03B | $5.29B | $5.01B |
| Shareholders' equity | -$1.33B | -$496M | $2.09B | $4.36B | -$5.34B | $5.67B | $9.12B | $10.7B | $17.6B | $18.6B |
| Retained earnings | -$17.5B | -$16.5B | -$13.9B | -$14.2B | -$24.0B | $0.00 | $3.40B | $4.97B | $3.88B | $4.83B |
| Shares (wtd avg diluted) | 764M | 906M | 4.55M | 8.32M | 9.77M | — | 146M | 143M | 157M | 240M |
Every figure is extracted from EXPAND ENERGY Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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