Expand Energy Q4 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
- Oct 1 – Dec 31, 2025
- Reported
- Feb 18, 2026
Revenue$3.27B
+64% year over year
Gross profit$1.55B
47% margin
Operating profit$0.75B
23% margin
Net profit$0.55B
17% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 3.27 | 100% | +64% |
| Oil & gas | 2.31 | 71% | |
| Natural gas marketing sales | 0.73 | 22% | |
| Natural sales | 0.17 | 5% | |
| Natural marketing sales | 0.03 | 1% | |
| Oil marketing sales | 0.03 | 1% | |
| Cost of revenue | −1.72 | 53% | |
| Gross profit | 1.55 | 47% margin | +32pp |
| G&A | −0.05 | 2% | −1pp |
| Other | −0.76 | 23% | +0pp |
| Operating profit | 0.75 | 23% margin | +42pp |
| Interest & other costs | −0.06 | ||
| Tax | −0.13 | ||
| Net profit | 0.55 | 17% margin | +37pp |
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