Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Expand Energy Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Cash and cash equivalents	317)	1,044)	1,019)	1,179)	1,079)	713)	903)	130)	130)	74)	17)	19)	905)	849)	612)	340)
Restricted cash	78)	76)	76)	75)	74)	73)	72)	67)	62)	56)	9)	9)	9)	9)	10)	68)
Accounts receivable, net	1,226)	261)	350)	314)	593)	685)	671)	864)	1,438)	1,757)	1,804)	1,383)	1,115)	815)	674)	704)
Derivative assets	84)	199)	361)	592)	637)	361)	417)	464)	34)	4)	2)	1)	5)	—)	—)	4)
Assets held for sale	—)	—)	—)	—)	—)	520)	—)	862)	819)	—)	—)	—)	—)	—)	—)	—)
Other current assets	292)	217)	207)	218)	226)	163)	157)	242)	215)	168)	178)	75)	69)	61)	58)	74)
Current assets	1,997)	1,797)	2,013)	2,378)	2,609)	2,515)	2,220)	2,629)	2,698)	2,059)	2,010)	1,487)	2,103)	1,734)	1,354)	1,190)
Proved natural gas and oil properties	23,093)	12,373)	12,105)	11,827)	11,468)	11,002)	11,201)	10,793)	11,096)	11,437)	10,816)	10,259)	7,682)	5,163)	4,960)	4,748)
Unproved properties	5,897)	1,806)	1,800)	1,799)	1,806)	1,907)	2,000)	2,002)	2,022)	2,192)	2,211)	2,263)	1,530)	421)	442)	483)
Natural gas and oil properties, successful efforts method	28,990)	14,179)	13,905)	13,626)	13,274)	12,909)	13,201)	12,795)	13,118)	13,629)	13,027)	12,522)	9,212)	5,584)	5,402)	5,231)
Other property and equipment	654)	518)	512)	499)	497)	496)	501)	498)	500)	506)	498)	495)	495)	492)	491)	491)
Property and equipment	29,644)	14,697)	14,417)	14,125)	13,771)	13,405)	13,702)	13,293)	13,618)	14,135)	13,525)	13,017)	9,707)	6,076)	5,893)	5,722)
Accumulated depreciation, depletion and amortization	(5,362)	(4,743)	(4,413)	(4,068)	(3,674)	(3,299)	(3,049)	(2,770)	(2,431)	(2,182)	(1,747)	(1,300)	(908)	(571)	(346)	(120)
Property and equipment held for sale, net	—)	—)	—)	—)	—)	—)	—)	—)	—)	1)	5)	3)	3)	3)	3)	2)
Property and equipment, net	24,282)	9,954)	10,004)	10,057)	10,097)	10,106)	10,653)	10,523)	11,187)	11,954)	11,783)	11,720)	8,802)	5,508)	5,550)	5,604)
Long-term derivative assets	1)	15)	19)	46)	74)	30)	78)	122)	47)	—)	13)	8)	—)	—)	—)	2)
Deferred income tax assets	589)	1,038)	995)	926)	933)	1,032)	952)	973)	1,351)	—)	—)	—)	—)	—)	—)	—)
Other long-term assets	1,025)	588)	577)	611)	663)	565)	526)	344)	185)	76)	93)	78)	104)	84)	95)	108)
Long-term assets	25,897)	11,595)	11,595)	11,640)	11,767)	11,733)	12,209)	11,962)	12,770)	12,030)	11,889)	11,806)	8,906)	5,592)	5,645)	5,714)
Total assets	27,894)	13,392)	13,608)	14,018)	14,376)	14,248)	14,429)	14,591)	15,468)	14,089)	13,899)	13,293)	11,009)	7,326)	6,999)	6,904)

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Expand Energy Corp. current assets decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 not reaching Q2 2024 level.
Property and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Expand Energy Corp. property and equipment, net decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 exceeding Q2 2024 level.
Long-term assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Expand Energy Corp. total assets decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 exceeding Q2 2024 level.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Expand Energy Corp. cash and cash equivalents increased from Q2 2024 to Q3 2024 but then decreased significantly from Q3 2024 to Q4 2024.
Accounts receivable, net	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Expand Energy Corp. accounts receivable, net decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 exceeding Q2 2024 level.

Expand Energy Corp. (NASDAQ:EXE)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data