EXPAND ENERGY Corp（EXE）の決算・業績分析
EXPAND ENERGY Corpの2025年有価証券報告書をAI分析。売上高$12.1B(+186.3%)。営業利益$2.5B。Energy。
目次
EXPAND ENERGY Corpの2025年度 業績サマリー
EXPAND ENERGY Corp（証券コード: EXE）の2025年度決算・業績分析。売上高は$12.1B（前年比+186.3%）。営業利益は$2.5B（前年比+407.7%）。純利益は$1.8B（前年比+354.8%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
EXPAND ENERGY Corpの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged to $11.7B (+111.6% YoY) and net income jumped to $4.9B (+422.3% YoY) in FY2024 (XBRL).
- Operating margin reached 32.2% and net margin hit 42.0%, reflecting strong cost control and pricing power (XBRL).
- Free cash flow (FCF) totaled $2.3B, with $1.2B in dividends and $1.1B in share repurchases returned to shareholders (XBRL).
- ROE of 87.0% and ROA of 34.3% highlight exceptional capital efficiency (XBRL).
- Net debt to EBITDA ratio of 0.3x indicates a highly conservative balance sheet (XBRL).
EXPAND ENERGY Corpの売上高変化の要因
- •Revenue grew to $11.7B in FY2024, up 111.6% YoY, driven by strong production and pricing. The 5-year CAGR of 10.9% reflects sustained growth. Operating income surged to $3.8B (+303.0% YoY), with a 5-year CAGR of 52.4%. Net income reached $4.9B (+422.3% YoY), supported by a 5-year CAGR of 60.7%. Historical data shows volatility in prior years, with FY2022 net income at -$9.7B, but FY2024 marks a significant turnaround (XBRL).
EXPAND ENERGY Corpの営業利益変化の要因
- •Operating margin expanded to 32.2% and net margin to 42.0%, reflecting improved efficiency. EBITDA of $5.5B (47.1% of revenue) indicates strong pre-interest, pre-tax profitability. Operating income grew 303.0% YoY, while net income surged 422.3% YoY. These gains were driven by higher production volumes, favorable pricing, and cost discipline (XBRL).
EXPAND ENERGY Corpの事業リスクと対応
Fluctuating natural gas, oil, and NGL prices could harm operations (10-K).
Conservation measures and technological advances may reduce demand (10-K).
High capital requirements and risk of failing to replace reserves (10-K).
Uncertainty in proved reserves estimates and drilling profitability (10-K).
Cyber-attacks and data privacy regulations pose operational risks (10-K).
Competitive industry with larger rivals and talent/equipment competition (10-K).
EXPAND ENERGY Corpの事業内容
Expand Energy Corp (EXE) is a leading U.S. independent producer of natural gas, oil, and NGLs, operating in key shale plays including Haynesville, Bossier, Marcellus, and Utica Shales. The company generates revenue through the development and operation of oil and gas wells, emphasizing responsible extraction and energy access (10-K). Its competitive advantages include being the largest independent U.S. natural gas producer, a premium inventory portfolio, and a resilient financial foundation. The Southwestern Merger and ESG focus further strengthen its market position (10-K).
EXPAND ENERGY CorpのAI業績分析レポート（2024年度）
Expand Energy Corp (EXE) FY2024 Annual Report Analysis
Highlights
Business Overview
Expand Energy Corp (EXE) is a leading U.S. independent producer of natural gas, oil, and NGLs, operating in key shale plays including Haynesville, Bossier, Marcellus, and Utica Shales. The company generates revenue through the development and operation of oil and gas wells, emphasizing responsible extraction and energy access (10-K). Its competitive advantages include being the largest independent U.S. natural gas producer, a premium inventory portfolio, and a resilient financial foundation. The Southwestern Merger and ESG focus further strengthen its market position (10-K).
Revenue Analysis
Revenue grew to $11.7B in FY2024, up 111.6% YoY, driven by strong production and pricing. The 5-year CAGR of 10.9% reflects sustained growth. Operating income surged to $3.8B (+303.0% YoY), with a 5-year CAGR of 52.4%. Net income reached $4.9B (+422.3% YoY), supported by a 5-year CAGR of 60.7%. Historical data shows volatility in prior years, with FY2022 net income at -$9.7B, but FY2024 marks a significant turnaround (XBRL).
Profitability Analysis
Operating margin expanded to 32.2% and net margin to 42.0%, reflecting improved efficiency. EBITDA of $5.5B (47.1% of revenue) indicates strong pre-interest, pre-tax profitability. Operating income grew 303.0% YoY, while net income surged 422.3% YoY. These gains were driven by higher production volumes, favorable pricing, and cost discipline (XBRL).
Balance Sheet Analysis
Equity ratio of 39.5% and debt-to-equity ratio of 0.64x highlight a conservative capital structure. Total assets grew to $14.4B in FY2024, with total equity at $5.7B. Net debt of $1.9B (0.3x EBITDA) and $130M in cash demonstrate strong liquidity. Long-term debt stood at $2.0B (XBRL).
Cash Flow Analysis
Operating cash flow reached $4.1B, with $1.8B in CapEx and $2.3B in free cash flow (FCF). $1.2B in dividends and $1.1B in share repurchases were returned to shareholders in FY2024. Capital expenditures intensity of 15.5% and a CapEx/D&A ratio of 1.04x indicate disciplined investment in asset base (XBRL).
Working Capital Analysis
N/A
Risks
Outlook
N/A
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 5.2B | 8.5B | 5.2B | 5.5B | 11.7B | 8.7B |
| Operating Income | 382M | -31M | -8.7B | 938M | 3.8B | 3.1B |
| Net Income | 226M | -308M | -9.7B | 945M | 4.9B | 2.4B |
| Total Assets | 16.2B | 6.6B | 6.8B | 6.8B | 14.4B | 27.9B |
| Total Equity | 4.4B | -5.3B | 3.6B | -5.3B | 5.7B | 9.1B |
| Operating Cash Flow | 1.7B | 1.6B | 1.2B | 1.8B | 4.1B | 2.4B |
Energyの企業一覧
EXPAND ENERGY Corpと同じ「Energy」セクターの企業