For the quarter ending 2026-03-31, EXE had $1,609M increase in cash & cash equivalents over the period. $1,695M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 1,159 | 553 | 547 | 968 |
| Depreciation, depletion and amortization | 711 | 759 | 741 | 769 |
| Deferred income tax expense (benefit) | 319 | 128 | 186 | 171 |
| Derivative losses, net | -129 | 236 | 451 | 877 |
| Cash receipts on derivative settlements, net | - | - | 102 | - |
| Cash payments on derivative settlements, net | -386 | 218 | - | 16 |
| Share-based compensation | 10 | 12 | 12 | 13 |
| Losses on sales of assets | -1 | -68 | -1 | 4 |
| Contract amortization | 30 | 32 | 47 | 72 |
| (gains) losses on purchases, exchanges or extinguishments of debt | - | 0 | 1 | 3 |
| Other | -35 | -44 | -10 | -20 |
| Changes in assets and liabilities | -454 | 427 | -72 | -321 |
| Net cash provided by operating activities | 2,402 | 956 | 1,201 | 1,322 |
| Capital expenditures | 707 | 741 | 775 | 657 |
| Property acquisitions | 4 | 126 | 69 | - |
| Receipts of deferred consideration | 60 | 0 | 0 | 116 |
| Business combination, net | - | 0 | - | - |
| Contributions to investments | 1 | 0 | 5 | 5 |
| Distributions from investments | 10 | - | - | - |
| Proceeds from divestitures of property and equipment | 41 | 51 | 4 | 15 |
| Net cash used in investing activities | -601 | -816 | -845 | -591 |
| Proceeds from prior credit facility-Prior Credit Facility | - | 825 | - | - |
| Payments on prior credit facility-Prior Credit Facility | - | 825 | - | - |
| Proceeds from prior credit facility-A2025Credit Facility | - | 165 | - | - |
| Payments on prior credit facility-A2025Credit Facility | - | 165 | - | - |
| Proceeds from credit facility | -100 | - | 0 | 100 |
| Proceeds from issuance of senior notes, net | - | 0 | - | - |
| Payments on credit facility | -100 | - | 0 | 100 |
| Proceeds from warrant exercise | 15 | 2 | 0 | 1 |
| Debt issuance and other financing costs | - | 0 | 11 | 0 |
| Cash paid to repurchase and retire common stock | 66 | 0 | 1 | 99 |
| Cash paid to purchase debt | 0 | 0 | 110 | 117 |
| Cash paid for common stock dividends | 141 | 137 | 349 | 137 |
| Other | - | 0 | - | - |
| Net cash used in financing activities | -192 | -135 | -471 | -352 |
| Net increase in cash, cash equivalents and restricted cash | 1,609 | 5 | -115 | 379 |
| Cash, cash equivalents and restricted cash, beginning of period | 696 | 691 | 806 | 427 |
| Cash, cash equivalents and restricted cash, end of period | 2,305 | 696 | 691 | 806 |
EXPAND ENERGY Corp (EXE)
EXPAND ENERGY Corp (EXE)