Filing Flows › Expand Energy (EXE) › Q2 2026
Expand Energy (EXE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Expand Energy (EXE) reported revenue of $3.0B for the second quarter 2026 (Q2 2026), -20% from a year earlier and -33% from the quarter before. Operating margin was 22.3%, net earnings $522M (17.6% of revenue).
Expand Energy, Q2 2026: revenue $3.0B (-20% year over year), operating margin 22.3%, net earnings $522M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | -33% | -20% |
| Operating profit | $661M | -57% | -48% |
| Net earnings | $522M | -55% | -46% |
| Operating cash flow | $1.1B | -54% | -17% |
| Free cash flow | $343M | -80% | -48% |
What changed
Revenue was $3.0B in Q2 2026, down 20% year over year and down 33% from the previous quarter. Natural Gas was the largest line at 51% of revenue. Natural Gas lost $0.24B year over year (down 14%), 33% of the total change.
Operating profit was $0.66B, a 22.3% margin (down 12.1 points year over year). Total costs fell 5% while revenue fell 20%. The fastest-growing cost line was General & admin (+25%). Net earnings were $0.52B, down 46% year over year. The effective tax rate was 22.3%.
Operating cash flow was $1.1B (down 17% year over year), 210% of net earnings. Non-cash charges added back $0.72B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.16B. Capital expenditures of $0.75B left free cash flow of $0.34B.
Questions
What was Expand Energy's revenue in the second quarter 2026?
Expand Energy (EXE) reported revenue of $3.0B for the second quarter 2026 (Q2 2026), -20% from a year earlier and -33% from the quarter before.
Was Expand Energy profitable in the second quarter 2026?
Operating profit was $661M (22.3% of revenue) and net earnings $522M.
Source: Expand Energy 10-Q on SEC EDGAR.