Expand Energy Corporation

EXENASDAQEnergy● Active

$91.48

$-0.59(-0.64%)

Market Cap$21.9B

P/E Ratio—

52W High$126.621

52W Low$90.79

Avg Volume3.5M

Open$92.07

Beta0.32

Free Cash Flow Financials Revenue

Expand Energy Corporation (EXE) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

EXE · free cash flow · updated Jun 8, 2026

Core FCF metrics

EXE · FCF · TTM · margin & CAGR

Free cash flow was $1.84B for FY2025 (fiscal year ending 2025-12-31) The FCF margin was 15.8%. Five-year CAGR stands at +142.3%.

FY2025 Free Cash Flow$1.84B▲ +22887.5% YoY

Trailing 12M (TTM)$2.86Btrailing 4 quarters sum

FCF Margin15.8%$1.84B ÷ revenue

3-Year CAGR-7.2%FY2022 → FY2025

5-Year CAGR+142.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

EXE · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$4.58B(2.74B)$1.84B▲ +22887.5%15.8%

FY2024$1.56B(1.56B)$8.0M▼ 98.5%0.2%

FY2023$2.38B(1.83B)$551.0M▼ 76.1%7.1%

FY2022$4.13B(1.82B)$2.30B▲ +118.6%20.1%

FY2021$1.79B(735M)$1.05B▲ +4686.4%14.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

EXE · P/FCF · FCF yield · FCF per share

Expand Energy Corporation (EXE) trades at a FCF yield of 13.08% and a price-to-free-cash-flow ratio of 7.6x. FCF per share stands at $12.07, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

13.08%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$12.07

TTM FCF ÷ Shares Outstanding

Price / FCF

x7.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x8.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

EXE · cash flow statement · operating / investing / financing

For FY2025, Expand Energy Corporation generated $4.58B in operating cash flow and spent 2.74B in capital expenditures, yielding $1.84B in free cash flow.

Operating Activities

+$4.58B

Cash from core business operations

2025-12-31

Investing Activities

−$2.76B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.51B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($4.58B) − |CapEx| (2.74B) = FCF ($1.84B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

EXE vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Expand Energy CorporationYOU

EXE

$1.84B+22887.5%15.8%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Expand Energy Corporation (EXE) reported free cash flow of $1.84B for FY2025 (fiscal year ending 2025-12-31). The FCF margin was 15.8%.

Based on available data, Expand Energy Corporation has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $2.30B in FY2022. The 5-year CAGR stands at +142.3%.

Expand Energy Corporation's FCF yield is 13.08% and price-to-FCF ratio is 7.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

EXE free cash flow · 8 questions

Expand Energy Corporation free cash flow was $1.84B for FY2025. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.86B.

EXE free cash flowEXE FCFEXE FCF 2025EXE free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Expand Energy Corporation · Expand Energy Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026