Expand Energy debt and dilution62

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

—

Cash & equivalents

USD millions

$663M

Net debt

USD millions

—

Debt / equity

—

Debt / assets

—

Net debt / EBITDA

× · TTM

—

Debt / FCF

× · TTM

—

Interest coverage

× · TTM

16.8×

Current ratio

0.96×

Diluted shares

Million shares

238.36M shares

Basic shares

Million shares

238.22M shares

Share count growth

0.11%

Share repurchases

USD millions

$514M

Quarterly data

Expand Energy capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	—	663	—	—	—	—	—	16.8×	0.96×	238.36	238.22	0.11%	514
FY 2026 Q1	Mar 31, 2026	5,008	2,220	2,788	0.26×	16.96%	0.38×	1.67×	18.17×	1.11×	240.76	239.9	2.33%	66
FY 2025 Q4	Dec 31, 2025	5,009	616	4,393	0.27×	17.71%	0.81×	2.72×	10.51×	1.01×	240.36	238.48	3%	0
FY 2025 Q3	Sep 30, 2025	5,010	613	4,397	0.28×	18.15%	1.04×	3.41×	5.58×	0.81×	239.89	238.22	78.05%	1
FY 2025 Q2	Jun 30, 2025	5,122	731	4,391	0.29×	18.45%	1.5×	4.39×	2.27×	0.78×	240.56	237.97	81.43%	99
FY 2025 Q1	Mar 31, 2025	5,243	349	4,894	0.3×	18.77%	5.22×	12.79×	-6.77×	0.59×	234.43	234.43	79.1%	0
FY 2024 Q4	Dec 31, 2024	5,680	317	5,363	0.32×	20.36%	5.79×	710×	-6.53×	0.64×	231.54	231.54	76.75%	0
FY 2024 Q3	Sep 30, 2024	—	1,044	—	—	—	—	—	3.81×	2×	133.79	133.79	1.24%	0
FY 2024 Q2	Jun 30, 2024	—	1,019	—	—	—	—	—	6.46×	2.16×	131.17	131.17	-1.76%	0
FY 2024 Q1	Mar 31, 2024	—	1,179	—	—	—	—	—	15.74×	2.33×	141.75	130.89	-2.86%	0
FY 2023 Q4	Dec 31, 2023	2,028	1,079	949	0.19×	14.11%	0.2×	3.68×	30.21×	1.99×	141.53	131	-2.44%	42
FY 2023 Q3	Sep 30, 2023	—	713	—	—	—	—	—	38.07×	1.56×	142.35	132.15	9.08%	132
FY 2023 Q2	Jun 30, 2023	—	903	—	—	—	—	—	36.89×	1.34×	143.27	133.51	5.28%	127
FY 2023 Q1	Mar 31, 2023	—	130	—	—	—	—	—	38.75×	1.39×	144.73	134.74	11.54%	54
FY 2022 Q4	Dec 31, 2022	3,000	130	2,870	0.33×	19.39%	0.52×	1.3×	23.63×	1×	148.72	134.27	—	406
FY 2022 Q3	Sep 30, 2022	—	74	—	—	—	—	—	—	0.49×	144.39	121.15	23.34%	109
FY 2022 Q2	Jun 30, 2022	—	17	—	—	—	—	—	—	0.47×	149.53	126.81	29.49%	475
FY 2022 Q1	Mar 31, 2022	—	19	—	—	—	—	—	—	0.34×	120.81	120.81	—	83
FY 2021 Q3	Sep 30, 2021	1,259	849	410	0.41×	17.19%	—	—	—	0.69×	98.22	98.22	904.3%	—
FY 2021 Q2	Jun 30, 2021	1,261	612	649	0.37×	18.02%	—	—	—	0.73×	97.93	97.93	901.44%	—
FY 2020 Q4	Dec 31, 2020	1,929	279	1,650	—	29.3%	—	87.68×	-26.29×	0.36×	9.78	9.78	-99.5%	—
FY 2020 Q3	Sep 30, 2020	1,929	306	1,623	—	27.94%	—	—	-20.34×	0.35×	9.78	9.78	-99.42%	—
FY 2020 Q2	Jun 30, 2020	1,929	82	1,847	—	29.44%	—	—	-14.9×	0.29×	9.78	9.78	-99.4%	—
FY 2020 Q1	Mar 31, 2020	9,583	82	9,501	—	122.73%	—	—	-12.72×	0.8×	9.75	9.75	-99.29%	—
FY 2019 Q4	Dec 31, 2019	9,458	6	9,452	2.15×	58.41%	4.23×	—	-0.05×	0.52×	1,946.9	1,946.9	114.18%	—
FY 2019 Q3	Sep 30, 2019	9,341	14	9,327	1.97×	56.34%	3.91×	—	0.84×	0.6×	1,698	1,698	86.59%	—
FY 2019 Q2	Jun 30, 2019	9,701	4	9,697	2.29×	58.65%	3.95×	—	1.32×	0.62×	1,628	1,628	79.1%	—
FY 2019 Q1	Mar 31, 2019	9,547	8	9,539	2.31×	57.38%	4.55×	—	0.87×	0.47×	1,380	1,380	52.15%	—
FY 2018 Q4	Dec 31, 2018	7,722	4	7,718	16.54×	70.54%	3.81×	—	1.81×	0.57×	909	909	0.99%	—
FY 2018 Q3	Sep 30, 2018	9,813	4	9,809	—	77.52%	3.99×	—	1.75×	0.41×	911	910	0.11%	—
FY 2018 Q2	Jun 30, 2018	9,671	3	9,668	—	78.36%	4.56×	—	1.56×	0.43×	909	909	0.11%	—
FY 2018 Q1	Mar 31, 2018	9,378	4	9,374	—	77.59%	4.19×	—	2.59×	0.52×	1,053	907	0.11%	—
FY 2017 Q4	Dec 31, 2017	9,974	5	9,969	—	80.27%	4.67×	—	2.67×	0.65×	900.07	900.07	1.23%	—
FY 2017 Q3	Sep 30, 2017	9,899	5	9,894	—	82.62%	8.77×	—	0.51×	0.53×	909	909	16.99%	—
FY 2017 Q2	Jun 30, 2017	9,853	13	9,840	—	82.66%	—	—	-2.95×	0.58×	1,114	908	25.41%	—
FY 2017 Q1	Mar 31, 2017	9,524	249	9,275	—	81.41%	—	—	-9.78×	0.49×	907	906	35.63%	—
FY 2016 Q4	Dec 31, 2016	10,441	882	9,559	—	80.14%	—	—	-14.9×	0.59×	889.09	889.09	34.3%	—
FY 2016 Q3	Sep 30, 2016	9,678	4	9,674	—	77.28%	—	—	-22.38×	0.3×	777	777	17.19%	—
FY 2016 Q2	Jun 30, 2016	9,649	4	9,645	42.14×	71.54%	—	—	-34.74×	0.32×	724	724	9.37%	—
FY 2016 Q1	Mar 31, 2016	10,405	16	10,389	6.62×	67.75%	—	—	-45.22×	0.53×	668	668	1.06%	—
FY 2015 Q4	Dec 31, 2015	10,735	825	9,910	4.48×	61.85%	—	—	-59.68×	0.67×	662	662	0.46%	—
FY 2015 Q3	Sep 30, 2015	11,567	1,759	9,808	2.54×	54.34%	—	—	-69.3×	0.79×	663	663	0.45%	—
FY 2015 Q2	Jun 30, 2015	11,544	2,051	9,493	1.13×	40.37%	—	—	-57.62×	0.83×	662	662	0.46%	—
FY 2015 Q1	Mar 31, 2015	11,508	2,907	8,601	0.8×	33.48%	13.59×	—	-22.5×	1.01×	661	661	0.46%	—
FY 2014 Q4	Dec 31, 2014	11,535	4,108	7,427	0.63×	28.31%	1.16×	—	39.07×	1.27×	1,107.32	659	1.38%	—
FY 2014 Q3	Sep 30, 2014	11,592	90	11,502	0.66×	28.61%	2.03×	—	18.95×	0.56×	660	660	0.61%	—
FY 2014 Q2	Jun 30, 2014	11,549	1,462	10,087	0.63×	28.08%	2.05×	—	12×	0.75×	659	659	0.92%	—
FY 2014 Q1	Mar 31, 2014	12,969	1,004	11,965	0.7×	30.44%	2.19×	—	10.51×	0.72×	765	658	1.08%	—
FY 2013 Q4	Dec 31, 2013	12,886	837	12,049	0.71×	30.84%	2.42×	—	9.11×	0.66×	650.03	650.03	1.09%	—
FY 2013 Q3	Sep 30, 2013	12,736	987	11,749	0.69×	30.12%	2.15×	—	14.39×	0.7×	656	656	1.86%	—
FY 2013 Q2	Jun 30, 2013	13,057	677	12,380	0.72×	30.98%	6.37×	—	-6.02×	0.64×	760	653	1.71%	—
FY 2013 Q1	Mar 31, 2013	13,449	33	13,416	0.75×	31.66%	9.16×	—	-17.45×	0.5×	651	651	1.4%	—
FY 2012 Q4	Dec 31, 2012	12,620	287	12,333	0.71×	30.33%	11.04×	—	-22×	0.47×	0	643	0.47%	—
FY 2012 Q3	Sep 30, 2012	16,218	142	16,076	0.92×	35.51%	17.01×	—	-24.84×	0.56×	644	644	0.94%	—
FY 2012 Q2	Jun 30, 2012	—	1,024	—	—	—	—	—	80.08×	0.72×	751	642	1.1%	—
FY 2012 Q1	Mar 31, 2012	—	438	—	—	—	—	—	66.88×	0.59×	642	642	1.26%	—
FY 2011 Q4	Dec 31, 2011	10,626	351	10,275	0.59×	25.4%	2.12×	—	66.39×	0.45×	752	639.97	1.42%	—
FY 2011 Q3	Sep 30, 2011	—	111	—	—	—	—	—	58.44×	0.56×	753	638	0.95%	—
FY 2011 Q2	Jun 30, 2011	—	109	—	—	—	—	—	43.98×	0.55×	751	635	0.63%	—
FY 2011 Q1	Mar 31, 2011	—	849	—	—	—	—	—	1,309×	0.76×	634	634	0.63%	—
FY 2010 Q4	Dec 31, 2010	—	102	—	—	—	—	—	147.63×	0.73×	747.54	631	0.19%	—
FY 2010 Q3	Sep 30, 2010	—	609	—	—	—	—	—	24.15×	0.79×	744	632	2.1%	—
FY 2010 Q2	Jun 30, 2010	—	601	—	—	—	—	—	11.88×	0.83×	635	631	4.64%	—
FY 2010 Q1	Mar 31, 2010	—	516	—	—	—	—	—	8.74×	1.07×	647	630	—	—
FY 2009 Q4	Dec 31, 2009	—	307	—	—	—	—	—	-79.16×	0.91×	629.8	629.8	—	—
FY 2009 Q3	Sep 30, 2009	—	520	—	—	—	—	—	—	1×	626	619	—	—
FY 2009 Q2	Jun 30, 2009	—	554	—	—	—	—	—	—	0.99×	610	603	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · EXE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.