Expand Energy Corporation Reports $3.69 Billion Revenue and $968 Million Net Income for Q2 2025

Expand Energy Corporation reported significant financial growth in its latest 10-Q filing for the quarter ending June 30, 2025, following its merger with Southwestern Energy Company in October 2024. The company achieved total revenues of $3.69 billion for the second quarter, a substantial increase from $505 million in the same period last year. For the first half of 2025, revenues reached $5.89 billion, compared to $1.59 billion in the first half of 2024. This growth was primarily driven by increased production volumes and higher commodity prices, particularly in natural gas, oil, and natural gas liquids (NGL).

The merger with Southwestern Energy has had a profound impact on Expand Energy's financial performance. The company reported a net income of $968 million for the second quarter, a stark contrast to a net loss of $227 million in the same quarter of the previous year. For the first half of 2025, net income was $719 million, compared to a loss of $201 million in the first half of 2024. The increase in profitability is attributed to enhanced operational efficiencies and a more favorable pricing environment for energy commodities.

Operationally, Expand Energy has expanded its asset base significantly, with total assets amounting to $27.77 billion as of June 30, 2025, slightly down from $27.89 billion at the end of 2024. The company reported a total of 238.1 million shares outstanding, reflecting its ongoing share repurchase program, which authorized up to $1 billion in stock buybacks. The company repurchased approximately 0.9 million shares for $100 million during the quarter. Additionally, Expand Energy's employee headcount has increased, reflecting the integration of Southwestern's workforce and the expansion of its operational capabilities.

Looking ahead, Expand Energy is focused on maintaining its position as the largest independent natural gas producer in the U.S. The company plans to invest between $2.85 billion and $3.0 billion in capital expenditures for 2025, aiming to complete 250 to 280 gross wells. The company also anticipates continued cash flow generation, supported by its hedging strategies that provide a buffer against commodity price volatility. With a strong liquidity position of $3.2 billion, including $731 million in cash and $2.5 billion in available credit, Expand Energy is well-positioned to navigate market fluctuations and pursue growth opportunities in the energy sector.