How does Expand Energy (EXE) make money?

Expand Energy (EXE) generates revenue primarily from Oil and Gas, which accounted for 42.2% of total revenue in TTM through Q1 2026. The company reported $14.10B in revenue and converted 22.9% of it into net profit, equivalent to roughly $3.23B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Expand Energy (EXE)?

Expand Energy (EXE) reported a gross profit margin of 53.4% in TTM through Q1 2026, equivalent to $7.53B in gross profit on $14.10B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Expand Energy (EXE)?

Expand Energy (EXE) reported an operating profit margin of 29% in TTM through Q1 2026, equivalent to $4.08B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Expand Energy (EXE)?

Expand Energy (EXE) reported a net profit margin of 22.9% in TTM through Q1 2026, equivalent to $3.23B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Expand Energy (EXE) profitable?

Yes. Expand Energy (EXE) reported $3.23B in net income for TTM through Q1 2026, with a net profit margin of 22.9%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Expand Energy (EXE) spend on capital expenditures?

Expand Energy (EXE) spent $3.01B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 21.3% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Expand Energy (EXE) generate?

Expand Energy (EXE) generated $2.86B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 20.3%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Expand Energy (EXE)?

Expand Energy (EXE) had an effective tax rate of 21.1% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Expand Energy (EXE)?

Expand Energy (EXE) reports revenue across 5 reportable product segments, led by Oil and Gas at 42.2% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Expand Energy Makes Money: 2026 Visual Revenue Map

Expand Energy (EXE) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 28, 2026).

Expand Energy discloses geographic revenue only in annual filings. to view the full breakdown.

Expand Energy (EXE) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Expand Energy (EXE) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Oil and Gas	$5.95B	42.2%
Natural Gas Sales	$5.29B	37.5%
Natural Gas, Gathering, Transportation, Marketing and Processing	$2.21B	15.6%
Natural Gas Liquids Sales	$448.74M	3.2%
Oil Sales	$204.71M	1.5%
Total	$14.10B	100%

Oil and Gas$5.95B
Natural Gas Sales$5.29B
Natural Gas, Gathering, Transportation, Marketing and Processing$2.21B
Natural Gas Liquids Sales$448.74M
Oil Sales$204.71M
Total$14.10B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Expand Energy (EXE) reports revenue across 5 operating segments; the largest segment was Oil and Gas at 42.2%, followed by Natural Gas Sales (37.5%) and Natural Gas, Gathering, Transportation, Marketing and Processing (15.6%).

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