EXE · Q1 FY26 · Jan 1 – Mar 31, 2026
Expand Energy Q1 FY26: where the revenue came from and where it went
Expand Energy Q1 FY26: revenue $4.4B (+100% year over year). Net profit $1.2B. Largest cohort Natural Gas Sales $3.1B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Jan 1 – Mar 31, 2026
- Reported
- Apr 28, 2026
Tap the diagram to enlarge · figures in billions of dollars
Revenue$4.4B
+100% year over year
Gross profit$2.3B
52% margin
Operating profit$1.5B
35% margin
Net profit$1.2B
26% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 4.4 | 100% | +100% |
| Natural Gas Sales | 3.1 | 70% | +52% |
| Natural Gas Gathering… | 1.2 | 27% | +33% |
| Oil Sales | 0.1 | 2% | +12% |
| Cost of revenue | −2.1 | 48% | |
| Gross profit | 2.3 | 52% margin | +30pp |
| G&A | −0.1 | 1% | −1pp |
| Other | −0.7 | 16% | +0pp |
| Operating profit | 1.5 | 35% margin | +47pp |
| Tax | −0.3 | ||
| Net profit | 1.2 | 26% | +38pp |
Older quarters
-
Q2 FY25 6/2025Revenue $3.7B Net margin 26%
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