Expand Energy Q2 FY25: where the revenue came from and where it went
The whole income statement of Expand Energy for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Jul 29, 2025
Revenue$3.69B
+631% year over year
Gross profit$2.08B
56% margin
Operating profit$1.27B
34% margin
Net profit$0.97B
26% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 3.69 | 100% | +631% |
| Oil & gas | 2.02 | 55% | |
| Gathering transportation | 0.79 | 21% | |
| Natural gas marketing sales | 0.72 | 20% | |
| Oil sales | 0.09 | 2% | |
| Liquids marketing sales | 0.04 | 1% | |
| Oil marketing sales | 0.03 | 1% | |
| Cost of revenue | −1.61 | 44% | |
| Gross profit | 2.08 | 56% margin | +36pp |
| G&A | −0.04 | 1% | −8pp |
| Other | −0.77 | 21% | +0pp |
| Operating profit | 1.27 | 34% margin | +93pp |
| Interest & other costs | −0.04 | ||
| Tax | −0.26 | ||
| Net profit | 0.97 | 26% margin | +71pp |
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