Recent Expand Energy shows a gross margin of 51.3%, an operating margin of 25.7%, an EBITDA margin of 47.5%, and a net margin of 19.8%. All measured margins increased year over year, led by operating margin with an increase of 13.4 percentage points.
Over the last 3 years, Expand Energy's margins averaged 47.33% gross, 13.02% operating, 41.48% EBITDA, and 9.31% net. All four current margins are above their three-year averages.
Gross margin expanded by 6 percentage points, operating margin by 13.4 percentage points, EBITDA margin by 8 percentage points, and net margin by 11.8 percentage points, led by operating margin with an increase of 13.4 percentage points.
Over the last 3 years, Expand Energy recorded an average gross margin of 47.33%. At present, Expand Energy's current gross margin is 51.3%, which is 4 percentage points above its three-year average. The highest gross margin for Expand Energy was 57.5% in Dec 2023, while the lowest was 30.2% in Mar 2025.
Looking at the last 3 years, Expand Energy had an average operating margin of 13.02%. Against its three-year average, Expand Energy's operating margin is currently 25.7%, 12.7 percentage points above its three-year average. Looking back over the last 3 years, Expand Energy's operating margin reached 36% at its highest point in Dec 2023 and -20.6% at its lowest in Mar 2025.
Over the last 3 years, the average EBITDA margin for Expand Energy was 41.48%. The current EBITDA margin stands at 47.5%, 6 percentage points above its three-year average. Expand Energy's EBITDA margin ranged from a low of 18.9% in Mar 2025 to a high of 54.4% in Dec 2023.
Expand Energy recorded an average net margin of 9.31% across the last 3 years. Compared with its three-year average, Expand Energy's current net margin is 19.8% and is 10.5 percentage points above its three-year average. Over the last 3 years, Expand Energy's net margin peaked at 27.7% in Dec 2023 and reached a low of -18.5% in Mar 2025.
Expand Energy's gross margin of 51.3% is above the Energy sector and its peers average but below the industry average. Compared to its Energy sector average of 42.7%, Expand Energy's gross margin is 20% higher.
The current gross margin for EXE is 51.3% as of Sep 30, 2026.
As of Sep 30, 2026, EXE has an operating margin of 25.7%.
As of Sep 30, 2026, EXE has an EBITDA margin of 47.5%.
The current net margin for EXE is 19.8% as of Sep 30, 2026.
Over the last 3 years, Expand Energy's margins averaged 47.3% gross, 13.0% operating, 41.5% EBITDA, and 9.3% net.
Within the 5-year period, EXE recorded its highest margins at 61.1% gross in Jun 2023, 45.1% operating in Mar 2023, 57.9% EBITDA in Jun 2023, and 50% net in Mar 2023.
Over this 5-year history, Expand Energy's margins fell as low as 26.7% gross in Mar 2022, -20.6% operating in Mar 2025, 18.9% EBITDA in Mar 2025, and -18.5% net in Mar 2025.