For the year ending 2025-12-31, EXEEL had $301M increase in cash & cash equivalents over the period. $1,839M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | 1,819 | -714 | 2,419 | 4,936 |
| Depreciation, depletion and amortization | 2,980 | 1,729 | 1,527 | 1,753 |
| Deferred income tax expense (benefit) | 448 | -123 | 428 | -1,332 |
| Derivative (gains) losses, net | 550 | -38 | 1,728 | -2,680 |
| Cash receipts (payments) on derivative settlements, net | - | - | 354 | -3,561 |
| Cash receipts on derivative settlements, net | 189 | 947 | - | - |
| Share-based compensation | 46 | 38 | 33 | 22 |
| (gains) losses on sales of assets | -65 | 14 | 946 | 300 |
| Impairments | - | - | 0 | 0 |
| Non-cash reorganization items, net | - | - | 0 | 0 |
| Exploration | - | - | 12 | 14 |
| Contract amortization | 203 | 57 | - | - |
| (gains) losses on purchases, exchanges or extinguishments of debt | 4 | -1 | 0 | -5 |
| Other | -70 | -35 | -6 | -31 |
| Changes in assets and liabilities | 285 | 315 | -275 | 123 |
| Net cash provided by operating activities | 4,575 | 1,565 | 2,380 | 4,125 |
| Capital expenditures | 2,736 | 1,557 | 1,829 | 1,823 |
| Property acquisitions | 195 | - | - | - |
| Receipts of deferred consideration | 116 | 166 | - | - |
| Business combination, net | 0 | 459 | 0 | 1,967 |
| Contributions to investments | 14 | 75 | 231 | 18 |
| Proceeds from divestitures of property and equipment | 70 | 21 | 2,533 | 407 |
| Net cash provided by (used in) investing activities | -2,759 | -1,904 | 473 | -3,401 |
| Proceeds from new credit facility | - | - | 1,125 | 1,600 |
| Proceeds from credit facility | - | 20 | - | - |
| Payments on new credit facility | - | - | 2,175 | 550 |
| Payments on credit facility | - | 20 | - | - |
| Proceeds from exit credit facility | - | 0 | 0 | 9,583 |
| Payments on exit credit facility | - | 0 | 0 | 9,804 |
| Proceeds from pre-petition revolving credit facility borrowings | - | - | - | 0 |
| Proceeds from prior credit facility-Prior Credit Facility | 825 | - | - | - |
| Payments on pre-petition revolving credit facility borrowings | - | - | - | 0 |
| Payments on prior credit facility-Prior Credit Facility | 825 | - | - | - |
| Proceeds from dip facility borrowings | - | - | - | 0 |
| Proceeds from prior credit facility-A2025Credit Facility | 165 | - | - | - |
| Payments on dip facility borrowings | - | - | 0 | 0 |
| Payments on prior credit facility-A2025Credit Facility | 165 | - | - | - |
| Proceeds from issuance of senior notes, net | 0 | 747 | 0 | 0 |
| Proceeds from issuance of common stock | - | - | 0 | 0 |
| Proceeds from warrant exercise | 24 | 3 | 0 | 27 |
| Debt issuance and other financing costs | 11 | 11 | 0 | 17 |
| Cash paid to repurchase and retire common stock | 100 | 0 | 355 | 1,073 |
| Cash paid to purchase debt | 663 | 767 | - | 0 |
| Cash paid for common stock dividends | 765 | 388 | 487 | 1,212 |
| Cash paid for preferred stock dividends | - | - | - | 0 |
| Other | 0 | -3 | 0 | 0 |
| Net cash used in financing activities | -1,515 | -419 | -1,892 | -1,446 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 301 | -758 | 961 | -722 |
| Cash and cash equivalents at beginning of period | 395 | 1,153 | 192 | 914 |
| Cash and cash equivalents at end of period | 696 | 395 | 1,153 | 192 |
EXPAND ENERGY Corp (EXEEL)
EXPAND ENERGY Corp (EXEEL)