Quarterly ResultApr 28, 2026, 04:08 PM
EXE Q1 Net Income $1.16B vs $(249)M Loss; Revenue $4.4B, +100%
AI Summary
EXPAND ENERGY Corp. reported a significant financial turnaround for Q1 2026, achieving a net income of $1.16 billion, a substantial improvement from a $249 million loss in Q1 2025. Total revenues more than doubled to $4.4 billion, up 100% year-over-year. The company also saw a substantial increase in cash and cash equivalents to $2.22 billion. Strategic financial actions included repurchasing $66 million in common stock and redeeming $1.29 billion in senior notes post-quarter.
Key Highlights
- Net income reached $1.16 billion in Q1 2026, reversing a $(249) million loss in Q1 2025.
- Total revenues and other increased 100% to $4.4 billion in Q1 2026 from $2.2 billion in Q1 2025.
- Basic EPS was $4.83 in Q1 2026, compared to $(1.06) in Q1 2025.
- Cash and cash equivalents surged to $2.22 billion as of March 31, 2026, from $616 million.
- Repurchased $66 million of common stock in Q1 2026; an additional $84 million post-quarter.
- Redeemed $1.29 billion in senior notes in April 2026, including 6.75% and 5.875% notes.
- Warrants expired on February 9, 2026, leading to the issuance of 1.12 million common shares.
- Haynesville revenue was $1.25 billion and Northeast Appalachia revenue was $1.43 billion in Q1 2026.
Price Impact
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