Expand Energy (EXE) Research & Development (2021 - 2026)
Expand Energy (EXE) reported Research & Development of $14.0 million for Q1 2026, up 100.0% year-over-year from $7.0 million in Q1 2025, and down 12.5% quarter-over-quarter from $16.0 million in Q4 2025.
Expand Energy (EXE) Research & Development (2021 - 2026) Analysis & Trends
Expand Energy (EXE) has 6 years of Research & Development data on file, last reported at $14.0 million in Q1 2026.
- Research & Development for Q1 2026 came in at $14.0 million, up 100.0% year-over-year; the trailing twelve-month figure through Mar 2026 was $53.0 million (up 253.33% YoY), and the FY2025 annual result was $46.0 million, up 360.0% from the prior year.
- Research & Development eased to $14.0 million in Q1 2026 per EXE's latest filing, from $16.0 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 $7.1 million and a median of $7.0 million in 2022 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2024: Research & Development jumped 600.0% in 2022, then tumbled 71.43% in 2024.
- A 5-year view of Research & Development shows it stood at $9.0 million in 2022, then fell by 11.11% to $8.0 million in 2023, then sank by 62.5% to $3.0 million in 2024, then surged by 433.33% to $16.0 million in 2025, then fell by 12.5% to $14.0 million in 2026.
- Business Quant data shows EXE's Research & Development at $14.0 million in Q1 2026, $16.0 million in Q4 2025, and $3.0 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | - |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 109.00 Mn |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 45.00 Mn |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 110.00 Mn |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | - |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | - |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 430,000.00 |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | -316,475.27 |
| 10 | Expand Energy | 21.27 Bn | 18.97 Bn | 4.21 Bn | 14.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 1.00 Mn |