Expand Energy (EXE) Research & Development (2021 - 2026)
Expand Energy's (EXE) quarterly Research & Development came in at $16.0 million in Q2 2026, down 20.0% year-over-year from $20.0 million in Q2 2025, and up 14.29% quarter-over-quarter from $14.0 million in Q1 2026.
Analysis
Expand Energy (EXE) Research & Development (2021 - 2026) Analysis & Trends
Expand Energy (EXE) has reported Research & Development for 6 consecutive years, with $16.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development fell 20.0% year-over-year to $16.0 million in Q2 2026; TTM through Jun 2026 was $49.0 million, a 53.12% increase from a year earlier, with the FY2025 full-year figure at $46.0 million, up 360.0% from the prior year.
- Research & Development was $16.0 million for Q2 2026 at Expand Energy, up from $14.0 million in the prior quarter.
- Over five years, Research & Development peaked at $20.0 million in Q2 2025 and troughed at $2.0 million in Q3 2022.
- A 5-year average of $7.6 million and a median of $7.0 million in 2022 frame the typical range for Research & Development.
- Across the five-year window, Research & Development soared 600.0% in 2022 and plunged 71.43% in 2024, its largest moves.
- Over 5 years, Research & Development stood at $9.0 million in 2022, then declined by 11.11% to $8.0 million in 2023, then slumped by 62.5% to $3.0 million in 2024, then jumped by 433.33% to $16.0 million in 2025, then changed by 0.0% to $16.0 million in 2026.
- The last three Research & Development figures came in at $16.0 million (Q2 2026), $14.0 million (Q1 2026), and $16.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 161.33 Bn | 153.64 Bn | 12.81 Bn | 75.00 Mn |
| 2 | Canadian Natural Resources | 104.99 Bn | 103.10 Bn | 8.84 Bn | - |
| 3 | Eog Resources | 76.13 Bn | 71.22 Bn | - | 47.00 Mn |
| 4 | Diamondback Energy | 55.89 Bn | 61.52 Bn | 5.55 Bn | - |
| 5 | Devon Energy | 52.87 Bn | 51.86 Bn | 6.02 Bn | 16.00 Mn |
| 6 | Expand Energy | 22.67 Bn | 21.40 Bn | 2.33 Bn | 16.00 Mn |
| 7 | Permian Resources | 19.56 Bn | 19.30 Bn | - | 9.77 Mn |
| 8 | Ovintiv | 17.91 Bn | 17.03 Bn | 2.83 Bn | - |
| 9 | Apa | 14.98 Bn | 15.46 Bn | 2.28 Bn | 58.00 Mn |
| 10 | Antero Resources | 12.17 Bn | 11.60 Bn | 1.56 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.00 Mn |
| Mar 31, 2026 | 14.00 Mn |
| Dec 31, 2025 | 16.00 Mn |
| Sep 30, 2025 | 3.00 Mn |
| Jun 30, 2025 | 20.00 Mn |
| Mar 31, 2025 | 7.00 Mn |
| Dec 31, 2024 | 3.00 Mn |
| Sep 30, 2024 | 2.00 Mn |
| Jun 30, 2024 | 3.00 Mn |
| Mar 31, 2024 | 2.00 Mn |
| Dec 31, 2023 | 8.00 Mn |
| Sep 30, 2023 | 4.00 Mn |
| Jun 30, 2023 | 8.00 Mn |
| Mar 31, 2023 | 7.00 Mn |
| Dec 31, 2022 | 9.00 Mn |
| Sep 30, 2022 | 2.00 Mn |
| Jun 30, 2022 | 7.00 Mn |
| Mar 31, 2022 | 5.00 Mn |
| Dec 31, 2021 | 3.00 Mn |
| Sep 30, 2021 | 2.00 Mn |