Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Expand Energy Corp., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Natural gas, oil and NGL	2,969)	3,547)	9,892)	4,799)
Marketing	1,290)	2,500)	4,231)	2,502)
Revenues	4,259)	6,047)	14,123)	7,301)
Natural gas, oil and NGL derivatives	(38)	1,728)	(2,680)	(1,509)
Gains on sales of assets	14)	946)	300)	17)
Revenues and other	4,235)	8,721)	11,743)	5,809)
Production	(316)	(356)	(475)	(329)
Gathering, processing and transportation	(1,035)	(853)	(1,059)	(882)
Severance and ad valorem taxes	(97)	(167)	(242)	(176)
Exploration	(10)	(27)	(23)	(9)
Marketing	(1,310)	(2,499)	(4,215)	(2,494)
General and administrative	(186)	(127)	(142)	(118)
Separation and other termination costs	(23)	(5)	(5)	(33)
Depreciation, depletion and amortization	(1,729)	(1,527)	(1,753)	(991)
Impairments	—)	—)	—)	(1)
Other operating expense, net	(332)	(18)	(49)	(72)
Operating expenses	(5,038)	(5,579)	(7,963)	(5,105)
Income (loss) from operations	(803)	3,142)	3,780)	704)
Interest expense	(123)	(104)	(160)	(84)
Losses on purchases, exchanges or extinguishments of debt	(1)	—)	(5)	—)
Other income, net	86)	79)	36)	33)
Reorganization items, net	—)	—)	—)	5,569)
Other income (expense)	(38)	(25)	(129)	5,518)
Income (loss) before income taxes	(841)	3,117)	3,651)	6,222)
Income tax (expense) benefit	127)	(698)	1,285)	106)
Net income (loss)	(714)	2,419)	4,936)	6,328)
Deemed dividend on warrants	—)	—)	(67)	—)
Net income (loss) available to common stockholders	(714)	2,419)	4,869)	6,328)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Expand Energy Corp. revenues decreased from 2022 to 2023 and from 2023 to 2024.
Income (loss) from operations	The net result for the period of deducting operating expenses from operating revenues.	Expand Energy Corp. income (loss) from operations decreased from 2022 to 2023 and from 2023 to 2024.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Expand Energy Corp. income (loss) before income taxes decreased from 2022 to 2023 and from 2023 to 2024.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Expand Energy Corp. net income (loss) decreased from 2022 to 2023 and from 2023 to 2024.

Expand Energy Corp. (NASDAQ:EXE)

Income Statement