Expand Energy (EXE) Revenue — Quarter Ended Jun 30, 2024
Revenue declined in the quarter. The drop was steeper than in the prior quarter and significantly larger than the same period a year ago.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue declined in the quarter. The drop was steeper than in the prior quarter and significantly larger than the same period a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$505M
Revenue reported for this quarter.
Quarter-over-quarter
-53.3%
Change from the immediately preceding quarter.
Year-over-year
-73.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$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, 2023 | $1.5B | -52.2% |
| Dec 31, 2023 | $1.9B | -52.8% |
| Mar 31, 2024 | $1.1B | -67.9% |
| Jun 30, 2024 | $505M | -73.3% |
Revenue performance
The reported revenue decreased compared to the immediately preceding quarter, reflecting a continued downward trajectory.
Quarterly comparison
When compared to the same quarter one year earlier, the revenue was also lower, with the year-over-year decline exceeding the sequential decline.
What to watch
The persistent decline in revenue across multiple quarters merits attention.