Expand Energy (EXE) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter declined sharply, reversing the growth trend seen in recent periods. The drop was steep both compared to the immediately preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter declined sharply, reversing the growth trend seen in recent periods. The drop was steep both compared to the immediately preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
-43.9%
Change from the immediately preceding quarter.
Year-over-year
-46.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.5B
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 |
|---|---|---|
| Sep 30, 2022 | $3.2B | +255.3% |
| Dec 31, 2022 | $4.1B | +33.7% |
| Mar 31, 2023 | $3.4B | +260.4% |
| Jun 30, 2023 | $1.9B | -46.3% |
Revenue performance
Reported revenue was lower than the prior quarter, continuing a reversal from the previous period's increase. The year-over-year comparison also showed a decline.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased, and when measured against the same quarter one year earlier, it also fell. The sequential decline was notable after a period of consecutive quarterly gains.
What to watch
The sharp reversal from prior quarters' growth trajectory may warrant attention in future filings.