Expand Energy Q3 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
- Jul 1 – Sep 30, 2026
Revenue$3.29B
+11% year over year
Gross profit$1.44B
44% margin
Operating profit$0.64B
19% margin
Net profit$0.52B
16% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 3.29 | 100% | +11% |
| Natural gas | 1.52 | 46% | |
| Marketing | 0.68 | 21% | |
| Southwest Appalachia | 0.56 | 17% | |
| Northeast Appalachia | 0.51 | 16% | |
| Other revenue | 0.02 | 0% | |
| Cost of revenue | −1.85 | 56% | |
| Gross profit | 1.44 | 44% margin | −7pp |
| G&A | −0.05 | 1% | +0pp |
| Other | −0.75 | 23% | |
| Operating profit | 0.64 | 19% margin | −5pp |
| Interest & other costs | −0.03 | ||
| Tax | −0.09 | ||
| Net profit | 0.52 | 16% margin | −3pp |
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