Expand Energy (EXE) FY2024 results: revenue $4.2 billion, down 51.4% on the year
Expand Energy Corp. (EXE) reported revenue of $4.2 billion for fiscal 2024, the year ended 31 December 2024, down 51.4% on the year before. Net income was -$714 million, and diluted earnings per share $-4.55. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$4.2 billion
-51.4% on the year
FY2017FY2024
Operating margin
-19.0%
36.0% a year earlier
FY2017FY2024
Net income
-$714 million
FY2017FY2024
Diluted EPS
-$4.55
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,565
2,380
4,125
-34.2%
Capital expenditure
1,557
1,829
1,823
-14.9%
Free cash flow
8.0
551
2,302
-98.5%
Free cash flow margin
0.2%
6.3%
19.6%
Cash from investing
-1,904
473
-3,401
Cash from financing
-419
-1,892
-1,446
Depreciation and amortisation
1,729
1,527
1,753
+13.2%
Share-based compensation
38.0
33.0
22.0
+15.2%
Buybacks
0.0
355
1,073
Dividends paid
388
487
1,212
-20.3%
Diluted shares, weighted
157m
143m
146m
+9.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
17,565
10,729
9,124
+63.7%
Debt
5,680
2,028
3,093
+180.1%
Operating lease liabilities
74.0
15.0
33.0
+393.3%
Other liabilities
4,575
1,604
3,218
+185.2%
Total liabilities and equity
27,894
14,376
15,468
+94.0%
Fixed assets
24,282
10,097
11,187
+140.5%
Cash and equivalents
317
1,079
130
-70.6%
Receivables
1,226
593
1,438
+106.7%
Other assets
2,069
2,607
2,713
-20.6%
Total assets
27,894
14,376
15,468
+94.0%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.