Expand Energy Q1 FY26: 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
- Jan 1 – Mar 31, 2026
- Reported
- Apr 28, 2026
Revenue$4.40B
+100% year over year
Gross profit$2.31B
52% margin
Operating profit$1.53B
35% margin
Net profit$1.16B
26% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 4.40 | 100% | +100% |
| Natural sales | 3.06 | 70% | |
| Gathering transportation | 1.21 | 27% | |
| Oil sales | 0.09 | 2% | |
| Oil marketing sales | 0.04 | 1% | |
| Cost of revenue | −2.09 | 48% | |
| Gross profit | 2.31 | 52% margin | +30pp |
| G&A | −0.06 | 2% | −1pp |
| Other | −0.71 | 16% | +0pp |
| Operating profit | 1.53 | 35% margin | +47pp |
| Interest & other costs | −0.04 | ||
| Tax | −0.33 | ||
| Net profit | 1.16 | 26% margin | +38pp |
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