Expand Energy Corporation (EXE)
Return on total capital
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 360,000 | 609,000 | 1,443,000 | 3,221,000 | 4,694,000 | 5,609,000 | 6,419,000 | 3,811,000 | 3,002,000 | 1,655,000 | -116,000 | 969,000 | -850,000 | -1,232,000 | -950,000 | -9,422,000 | -9,226,000 | -8,391,000 | -7,979,000 | 12,000 |
| Long-term debt | US$ in thousands | 2,017,000 | 2,021,000 | 2,025,000 | 2,028,000 | 2,032,000 | 2,036,000 | 2,040,000 | 3,093,000 | 2,717,000 | 3,046,000 | 2,774,000 | 2,278,000 | 1,259,000 | 1,261,000 | 1,262,000 | 0 | 0 | 0 | 9,163,000 | 9,073,000 |
| Total stockholders’ equity | US$ in thousands | 10,188,000 | 10,370,000 | 10,682,000 | 10,729,000 | 10,268,000 | 10,396,000 | 10,283,000 | 9,124,000 | 6,347,000 | 5,808,000 | 5,383,000 | 5,671,000 | 3,038,000 | 3,413,000 | 3,881,000 | -5,341,000 | -4,940,000 | -4,209,000 | -3,945,000 | 4,364,000 |
| Return on total capital | 2.95% | 4.91% | 11.36% | 25.25% | 38.16% | 45.12% | 52.09% | 31.19% | 33.12% | 18.69% | -1.42% | 12.19% | -19.78% | -26.36% | -18.47% | — | — | — | -152.91% | 0.09% |
September 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $360,000K ÷ ($2,017,000K + $10,188,000K)
= 2.95%
Expand Energy Corporation's return on total capital has fluctuated over the past few quarters. From December 2019 to March 2020, the return on total capital was significantly negative, indicating a period of poor performance or financial distress. However, there was a notable improvement in the return on total capital from March 2020 to March 2022, with a positive trend reaching a peak at 52.09% in March 2023.
Subsequently, there was a decline in the return on total capital until December 2023, where it reached 25.25%. This was followed by a further decrease to 11.36% in March 2024 and 4.91% in June 2024. The return on total capital further decreased to 2.95% in September 2024.
Overall, Expand Energy Corporation's return on total capital demonstrates variability in performance over the periods observed, with peaks and troughs in the ratio. It is important for the company to analyze the factors contributing to these fluctuations and implement strategies to maintain or improve its return on total capital in the future.
Peer comparison
Sep 30, 2024