Expand Energy (EXE) Gross Margin (2017 - 2026)
Expand Energy's Gross Margin came in at 19.14% for Q3 2026, up 1.27 percentage points from 17.87% a year earlier but down 58.93 percentage points from the prior quarter.
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Analysis
Expand Energy (EXE) Gross Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Expand Energy reported Gross Margin of 104.61%, up 48.84 percentage points year-over-year; for FY2025, it came in at 73.94%, up 4.87 percentage points from FY2024.
- Gross Margin carries a five-year change of +9.99 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 69.07% in FY2024 (-2.28 pp), 71.35% in FY2023 (+7.24 pp), 64.11% in FY2022 (+4.78 pp) and 59.33% in FY2021 (-4.62 pp).
- The five-year range for quarterly Gross Margin is 8.98% (Q1 2022) to 254.92% (Q4 2025).
- Year-over-year, Gross Margin increased in four of the last eight quarters, with an average year-over-year change of +17.56 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2025 (a gain of 187.60 percentage points), and the weakest in Q4 2021 (a drop of 111.78 percentage points).
- Business Quant data shows EXE's Gross Margin at 78.07% (Q2 2026), 74.51% (Q1 2026) and 254.92% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 678.46 Bn | 636.61 Bn | - | - |
| 2 | Shell | 572.35 Bn | 454.96 Bn | - | - |
| 3 | Chevron | 410.31 Bn | 377.35 Bn | 31.26 Bn | 46.11% |
| 4 | TotalEnergies SE | 190.98 Bn | 74.26 Bn | - | - |
| 5 | Eni Spa | 166.41 Bn | 117.77 Bn | - | - |
| 6 | Conocophillips | 163.94 Bn | 136.65 Bn | 12.81 Bn | 65.62% |
| 7 | Equinor Asa | 104.52 Bn | 35.38 Bn | 12.28 Bn | 48.46% |
| 8 | Canadian Natural Resources | 100.46 Bn | 98.53 Bn | - | - |
| 9 | Phillips 66 | 99.08 Bn | 82.87 Bn | 10.69 Bn | 20.76% |
| 10 | Expand Energy | 20.18 Bn | 16.56 Bn | 629.00 Mn | 19.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.14% |
| Jun 30, 2026 | 78.07% |
| Mar 31, 2026 | 74.51% |
| Dec 31, 2025 | 254.92% |
| Sep 30, 2025 | 17.87% |
| Jun 30, 2025 | 78.56% |
| Mar 31, 2025 | 58.15% |
| Dec 31, 2024 | 67.32% |
| Sep 30, 2024 | 70.37% |
| Jun 30, 2024 | 72.08% |
| Mar 31, 2024 | 70.12% |
| Dec 31, 2023 | 73.61% |
| Sep 30, 2023 | 52.18% |
| Jun 30, 2023 | 67.69% |
| Mar 31, 2023 | 80.68% |
| Dec 31, 2022 | 77.31% |
| Sep 30, 2022 | 62.05% |
| Jun 30, 2022 | 65.11% |
| Mar 31, 2022 | 8.98% |
| Dec 31, 2021 | 73.53% |
API Access
Expand Energy Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=EXE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "EXE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=EXE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();