Expand Energy (EXE) Revenue — Quarter Ended Mar 31, 2024
Revenue declined in the quarter, marking a continued downward trend. The decrease was more pronounced compared to the same quarter a year earlier than to the immediately preceding quarter.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined in the quarter, marking a continued downward trend. The decrease was more pronounced compared to the same quarter a year earlier than to the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
-44.5%
Change from the immediately preceding quarter.
Year-over-year
-67.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.4B
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, 2023 | $1.9B | -46.3% |
| Sep 30, 2023 | $1.5B | -52.2% |
| Dec 31, 2023 | $1.9B | -52.8% |
| Mar 31, 2024 | $1.1B | -67.9% |
Revenue performance
Reported revenue was lower than both the prior quarter and the year-ago quarter, reflecting sustained pressure on top-line performance.
Quarterly comparison
The quarter's revenue fell from the previous quarter's level and was substantially lower than the same quarter last year, indicating an accelerating decline.
What to watch
Monitor whether the revenue decline moderates in coming quarters as market conditions evolve.