Analysis of Debt

Expand Energy Corp., balance sheet: debt

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Current maturities of long-term debt, net	389)	—)	—)	—)
Long-term debt, net, excluding current maturities	5,291)	2,028)	3,093)	2,278)
Total debt (carrying amount)	5,680)	2,028)	3,093)	2,278)

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Debt item	Description	The company
Total debt (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Expand Energy Corp. total debt decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

	Dec 31, 2024
Selected Financial Data (US$ in millions)
Total debt (fair value)	5,548)
Financial Ratio
Debt, fair value to carrying amount ratio	0.98

Weighted-average interest rate on debt: 5.55%

Interest rate	Debt amount¹	Interest rate × Debt amount
4.95%	389)	19)
5.50%	47)	3)
5.38%	684)	37)
5.88%	494)	29)
6.75%	959)	65)
5.38%	1,174)	63)
4.75%	1,067)	51)
5.70%	734)	42)
Total	5,548)	308)
5.55%

¹ US$ in millions

² Weighted-average interest rate = 100 × 308 ÷ 5,548 = 5.55%

Expand Energy Corp. (NASDAQ:EXE)