Direct Answer
Expand Energy reports revenue across 6 product and service lines in its fiscal 2025 Form 10-K. Natural Gas Sales is the largest, with $7.4 billion of revenue (61% of the total), followed by Natural Gas Marketing Sales at $2.9 billion (24%).
How Does Expand Energy Make Money?
Natural Gas Sales supplies 61% of revenue, so Expand Energy's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Oil Sales grew fastest (+362.3%) and Oil Marketing Sales slowest (+13.8%), so the revenue mix tilts toward Oil Sales while that gap lasts.
| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Natural Gas Sales | $7.4 billion | $2.7 billion | 61.3% | 176.7% |
| Natural Gas Marketing Sales | $2.9 billion | $1.1 billion | 23.8% | 163.8% |
| Natural Gas Liquids Sales | $724 million | $214 million | 6.0% | 238.3% |
| Oil Sales | $319 million | $69 million | 2.6% | 362.3% |
| Natural Gas Liquids Marketing Sales | $142 million | $79 million | 1.2% | 79.7% |
| Oil Marketing Sales | $132 million | $116 million | 1.1% | 13.8% |
What the Segment Figures Do Not Show
The rows above add up to 96% of Expand Energy's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value Expand Energy reported in the segment note and revenue disclosures of its Form 10-K filed February 18, 2026 (accession 0000895126-26-000011), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are Expand Energy's main products and services?
In its fiscal 2025 Form 10-K, Expand Energy reports revenue for Natural Gas Sales, Natural Gas Marketing Sales, Natural Gas Liquids Sales, Oil Sales, Natural Gas Liquids Marketing Sales and Oil Marketing Sales.
Which part of Expand Energy brings in the most revenue?
Natural Gas Sales, with $7.4 billion of revenue in fiscal 2025, or 61% of the total.
Where does Expand Energy report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed February 18, 2026, alongside management's discussion of each segment's results.