Expand Energy Corporation (EXE)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	2,419,000	4,936,000	945,000	-9,734,000	-308,000
Total stockholders’ equity	US$ in thousands	10,729,000	9,124,000	5,671,000	-5,341,000	4,364,000
ROE		22.55%	54.10%	16.66%	—	-7.06%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $2,419,000K ÷ $10,729,000K
= 22.55%

The Return on Equity (ROE) of Expand Energy Corporation has shown fluctuations over the past five years. In 2023, the ROE was 22.55%, indicating that the company generated a profit of 22.55% for each dollar of equity. This represents a decrease from the previous year's ROE of 54.10%, suggesting a decline in profitability efficiency.

In 2022, the significant ROE of 54.10% suggests that the company generated strong returns for its shareholders. The ROE of 16.66% in 2021 was lower than the preceding year, demonstrating a decrease in profitability. The lack of data for 2020 raises questions regarding the company's financial performance during that year.

Furthermore, the negative ROE of -7.06% in 2019 is concerning as it indicates that the company incurred a loss in that particular year, resulting in negative returns for equity holders. Overall, the fluctuating trend in ROE over the years highlights the importance of monitoring the company's profitability and efficiency in generating returns for its shareholders.