Expand Energy (EXE) Research & Development (2021 - 2026)
Expand Energy (EXE) posted quarterly Research & Development of $16.0 million for 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.
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.
- In Q2 2026, Research & Development fell 20.0% year-over-year to $16.0 million; the TTM figure through Jun 2026 stood at $49.0 million (up 53.12% YoY), while the FY2025 annual figure was $46.0 million, up 360.0% from the prior year.
- Research & Development rose to $16.0 million in Q2 2026 per EXE's latest filing, from $14.0 million in the prior quarter.
- Across five years, Research & Development topped out at $20.0 million in Q2 2025 and bottomed at $2.0 million in Q3 2022.
- Historically, Research & Development has averaged $7.6 million across 5 years, with a median of $7.0 million in 2022.
- Annual changes were most pronounced in 2022 — Research & Development jumped 600.0% — and 2024, when it tumbled 71.43%.
- Expand Energy's Research & Development stood at $9.0 million in 2022, then retreated by 11.11% to $8.0 million in 2023, then slumped by 62.5% to $3.0 million in 2024, then soared by 433.33% to $16.0 million in 2025, then changed by 0.0% to $16.0 million in 2026.
- Business Quant data shows EXE's Research & Development at $16.0 million in Q2 2026, $14.0 million in Q1 2026, and $16.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 75.00 Mn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | - |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 47.00 Mn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | - |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 16.00 Mn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 37.00 Mn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | - |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | - |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 16.00 Mn |
Historic Data
Download 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 |