Expand Energy (EXE) Research & Development (2021 - 2026)
Expand Energy's Research & Development came in at $16 million for Q2 2026, down 20.0% from $20 million a year earlier but up 14.3% from the prior quarter.
Powered by 
Analysis
Expand Energy (EXE) Research & Development (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Expand Energy reported Research & Development of $49 million, up 53.1% 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 five-year range for quarterly Research & Development is $2 million (Q3 2021) to $20 million (Q2 2025).
- Year-over-year, Research & Development increased in five of the last eight quarters, with growth averaging 158.4%.
- 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 $14 million (Q1 2026), $16 million (Q4 2025) and $3 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 277.00 Mn |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 256.00 Mn |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | -95.00 Mn |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | - |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 75.00 Mn |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | -189.00 Mn |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | - |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | - |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 17.00 Mn |
| 10 | Expand Energy | 19.47 Bn | 15.36 Bn | 2.31 Bn | 16.00 Mn |
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 |
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();