Expand Energy (EXE) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter increased compared to the immediately preceding quarter but declined sharply relative to the same period one year earlier. The sequential uptick reverses a multi-quarter downward trend, yet the year-over-year comparison remains deeply negative.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared to the immediately preceding quarter but declined sharply relative to the same period one year earlier. The sequential uptick reverses a multi-quarter downward trend, yet the year-over-year comparison remains deeply negative.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$648M
Revenue reported for this quarter.
Quarter-over-quarter
+28.3%
Change from the immediately preceding quarter.
Year-over-year
-57.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.2B
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 |
|---|---|---|
| Dec 31, 2023 | $1.9B | -52.8% |
| Mar 31, 2024 | $1.1B | -67.9% |
| Jun 30, 2024 | $505M | -73.3% |
| Sep 30, 2024 | $648M | -57.1% |
Revenue performance
The reported revenue reflects a sequential improvement following several consecutive quarters of decline. However, the absolute level remains well below the prior year's figure.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose. Compared with the same quarter one year earlier, revenue fell significantly.
What to watch
The quarter does not include the impact of the merger completed shortly after the period end, which significantly changes the company's structure going forward.