Expand Energy
Expand Energy returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
Reported borrowing balances are unavailable in the extracted statements for this period.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 14.67% | — | 14.89% | 9.97% | — |
| FY 2026 Q1 | Mar 31, 2026 | 15.17% | 17.11% | — | 17.57% | 11.23% | 7.5 pp |
| FY 2025 Q4 | Dec 31, 2025 | 8.58% | 9.85% | — | 10.07% | 6.48% | 0.9 pp |
| FY 2025 Q3 | Sep 30, 2025 | — | 7.18% | — | 6.12% | 4.23% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 2.45% | — | 1.46% | 1% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | -5.91% | — | -7.1% | -4.71% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | -4.24% | — | -5.05% | -3.38% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | 2.46% | — | 2.48% | 1.84% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 4.27% | — | 4.22% | 3.12% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 10.54% | — | 10.07% | 7.38% | — |
| FY 2023 Q4 | Dec 31, 2023 | 20.6% | 24.33% | — | 24.37% | 16.21% | 12.9 pp |
| FY 2023 Q3 | Sep 30, 2023 | — | 41.31% | — | 64.56% | — | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 49.65% | — | 76.23% | — | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 59.22% | — | 89.65% | 50.85% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | — | — | — | — | — |
| FY 2022 Q3 | Sep 30, 2022 | — | — | — | — | — | — |
| FY 2022 Q2 | Jun 30, 2022 | — | — | — | — | — | — |
| FY 2022 Q1 | Mar 31, 2022 | — | — | — | — | — | — |
| FY 2021 Q3 | Sep 30, 2021 | — | — | — | — | — | — |
| FY 2021 Q2 | Jun 30, 2021 | — | — | — | — | — | — |
| FY 2020 Q4 | Dec 31, 2020 | — | -100.67% | — | — | -85.47% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | -100.42% | — | — | -82.12% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | -96.25% | — | — | -77.58% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | -83.88% | — | -11,435.53% | -70.23% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | -0.28% | — | -17.67% | -2.27% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | 3.65% | — | 18.39% | 3.62% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | 5.63% | — | 29.26% | 4.67% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | 3.6% | — | 23.88% | 3.89% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | 9.7% | — | — | 7.47% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | 10.21% | — | — | 5.63% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 8.39% | — | — | 4.87% | — |
| FY 2018 Q1 | Mar 31, 2018 | 13.54% | 12.62% | — | — | 9.27% | 5.8 pp |
| FY 2017 Q4 | Dec 31, 2017 | 12.66% | 11.71% | — | — | 7.46% | 5 pp |
| FY 2017 Q3 | Sep 30, 2017 | — | 2.21% | — | — | 0.33% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | -10.91% | — | — | -8.63% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | -30.03% | — | — | -24.69% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | -38.27% | — | -1,453.1% | -28.97% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | -53.05% | — | -399.94% | -35.56% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | -66.79% | — | -216.87% | -45.18% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | -71.42% | — | -167.32% | -47.72% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | -77.92% | — | -156.04% | -50.54% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | -58.24% | — | -116.9% | -38.38% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | -28.61% | — | -57.06% | -18.77% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | -6.99% | — | -19.59% | -5.84% | — |
| FY 2014 Q4 | Dec 31, 2014 | 8% | 9.77% | — | 7.74% | 4.65% | 0.3 pp |
| FY 2014 Q3 | Sep 30, 2014 | 5.77% | 7.73% | — | 3.28% | 2.81% | -1.9 pp |
| FY 2014 Q2 | Jun 30, 2014 | 4.28% | 5.64% | — | 3.23% | 1.69% | -3.4 pp |
| FY 2014 Q1 | Mar 31, 2014 | 5.2% | 7.05% | — | 5.19% | 2.56% | -2.5 pp |
| FY 2013 Q4 | Dec 31, 2013 | 4.25% | 5.78% | — | 3% | 1.74% | -3.5 pp |
| FY 2013 Q3 | Sep 30, 2013 | 4.98% | 6.79% | — | 5.61% | 2.59% | -2.7 pp |
| FY 2013 Q2 | Jun 30, 2013 | — | -2.71% | — | -7.93% | -2.4% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | -3.92% | — | -5.3% | -1.55% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | -4.83% | — | -5.84% | -1.84% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | -4.69% | — | — | -1.39% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 8.21% | — | — | 5.55% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 9.3% | — | — | 4.67% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | 8.66% | — | 9.85% | 4.41% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | 7.84% | — | — | 4.01% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | 6.21% | — | — | 3.28% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | 4.57% | — | — | 2.69% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | 9.36% | — | 12.45% | 5.29% | — |
| FY 2010 Q3 | Sep 30, 2010 | — | 6.14% | — | 5.94% | 2.76% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | 4.8% | — | 3.59% | 1.66% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
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.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · EXE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.