EXEEXPAND ENERGY Corp
Crude Petroleum & Natural Gas
- Revenue
- $12.1B
- 186% YoY
- Operating margin
- 20.4%
- 207% YoY
- EBITDA
- $5.5B
- 489% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.9×
- $4.9B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear252% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear19% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear1% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | — | $11.7B | $8.7B | $4.2B | $12.1B | 186% |
| Operating income | — | $3.8B | $3.1B | −$803M | $2.5B | 408% |
| Net income | $6.3B | $4.9B | $2.4B | −$714M | $1.8B | 355% |
| Operating cash flow | — | $4.1B | $2.4B | $1.6B | $4.6B | 192% |
| Capex | — | $1.8B | $1.8B | $1.6B | $2.7B | 76% |
| Stock-based comp | — | $22M | $33M | $38M | $46M | 21% |
| Buybacks | — | $1.1B | $355M | $0 | $100M | |
| Dividends | — | $1.2B | $487M | $388M | $765M | 97% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 308 | 193 |
| FY2024 | — | — | 269 | 196 |
| FY2023 | — | — | 202 | 198 |
| FY2022 | — | — | 237 | 191 |
| FY2021 | — | — | 146 | 131 |