Expand Energy (EXE) Research & Development (2021 - 2026)
Expand Energy's Research & Development came in at $19 million for Q3 2026, up 533.3% from $3 million a year earlier and up 18.8% from the prior quarter.
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Analysis
Expand Energy (EXE) Research & Development (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Expand Energy reported Research & Development of $65 million, up 97.0% year-over-year; for FY2025, it came in at $46 million, up 360.0% from FY2024.
- Research & Development carries a five-year compound annual growth rate of -36.0% (FY2020 to FY2025).
- Going back by year, Research & Development was $10 million in FY2024 (-63.0%), $27 million in FY2023 (+17.4%), $23 million in FY2022 (+228.6%) and $7 million in FY2021 (-98.4%).
- The Q3 2026 figure represents the highest quarterly Research & Development since Q2 2025.
- Year-over-year, Research & Development increased in six of the last eight quarters, with growth averaging 231.4%.
- The fastest year-over-year change in Research & Development over five years came in Q2 2022 (growth of 600.0%), and the weakest in Q1 2024 (a decline of 71.4%).
- Business Quant data shows EXE's Research & Development at $16 million (Q2 2026), $14 million (Q1 2026) and $16 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 678.46 Bn | 636.61 Bn | - | 116.00 Mn |
| 2 | Shell | 572.35 Bn | 454.96 Bn | - | 277.00 Mn |
| 3 | Chevron | 410.31 Bn | 377.35 Bn | 31.26 Bn | 259.00 Mn |
| 4 | TotalEnergies SE | 190.98 Bn | 74.26 Bn | - | 95.00 Mn |
| 5 | Eni Spa | 166.41 Bn | 117.77 Bn | - | - |
| 6 | Conocophillips | 163.94 Bn | 136.65 Bn | 12.81 Bn | 75.00 Mn |
| 7 | Equinor Asa | 104.52 Bn | 35.38 Bn | 12.28 Bn | 287.00 Mn |
| 8 | Canadian Natural Resources | 100.46 Bn | 98.53 Bn | - | - |
| 9 | Phillips 66 | 99.08 Bn | 82.87 Bn | 10.69 Bn | - |
| 10 | Expand Energy | 20.18 Bn | 16.56 Bn | 629.00 Mn | 19.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.00 Mn |
| 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 |
API Access
Expand Energy Research & Development 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=research-and-development&ticker=EXE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=EXE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();