Expand Energy Posts 44.5% Q4 Revenue Growth and Secures Electric Frac Partnership
Expand Energy reported FQ4 2025 revenue of $2.31 billion, up 44.5% year-over-year, and EPS of $2.00, beating consensus by $17.63 million and $0.11 respectively while generating net production of 7.40 Bcfe/d with 12 rigs. It unveiled a 100% electric hydraulic fracturing partnership with Evolution Well Services for Northeast Appalachia completions.
1. Q4 2025 Financial Results
Expand Energy posted Q4 2025 revenue of $2.31 billion, a 44.51% increase year-over-year, and EPS of $2.00, topping forecasts by $17.63 million and $0.11 respectively. The company averaged 12 rigs, drilled 51 wells, turned 66 wells and achieved net production of 7.40 Bcfe/d, 92% from natural gas. Full-year synergy targets were exceeded and Haynesville breakevens improved by 15%, with plans to run 11–12 rigs and invest $2.85 billion in 2026 to reach 7.5 Bcfe/d.
2. Electric Fracturing Collaboration
Expand Energy formed a strategic agreement with Evolution Well Services to deploy fully integrated, patent-protected 100% electric hydraulic fracturing technology in its Northeast Appalachia completions program. The deployment includes gas conditioning, power generation services, and electric frac operations aimed at improving operational efficiency and reducing emissions.