Expand Energy (EXE) Revenue — Quarter Ended Mar 31, 2023
Revenue declined versus the prior quarter, but remained significantly above the level reported in the same period one year earlier. The sequential decrease followed a sharp year-over-year gain that had pushed revenue well above the prior year's comparable figure.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined versus the prior quarter, but remained significantly above the level reported in the same period one year earlier. The sequential decrease followed a sharp year-over-year gain that had pushed revenue well above the prior year's comparable figure.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.4B
Revenue reported for this quarter.
Quarter-over-quarter
-18.3%
Change from the immediately preceding quarter.
Year-over-year
+260.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $3.5B | +407.9% |
| Sep 30, 2022 | $3.2B | +255.3% |
| Dec 31, 2022 | $4.1B | +33.7% |
| Mar 31, 2023 | $3.4B | +260.4% |
Revenue performance
The reported revenue for the quarter was lower than that of the immediately preceding quarter, marking a reversal from the prior period's growth trajectory.
Quarterly comparison
Compared with the same quarter one year ago, revenue was substantially higher. When set against the trailing twelve-month revenue total, the current quarter's contribution was below the average run rate implied by that trailing figure.
What to watch
The sequential decline in revenue merits attention, particularly as it follows a sustained period of year-over-year expansion.