Expand Energy layoffs, on the record
Every job cut, severance charge and restructuring Expand Energy reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 1,000 to approximately 1,600.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 1,000 | December 31, 2023 |
| 10-K for 2024 | approximately 1,700 | December 31, 2024 |
| 10-K for 2025 | approximately 1,600 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryVine Acquisition led to termination of a majority of Vine executives and employees, with about $36 million of severance expense recognized in the 2021 Successor Period.
Word for word“Additionally, we recognized approximately $ 36 million of severance expense as a result of the Vine Acquisition, which included $ 15 million of cash severance and $ 21 million of non-cash severance, primarily related to the issuance of New Common Stock for the acceleration of certain Vine restricted stock unit awards.” 10-K for 2023
Our summaryCompany reports separation and other termination costs in its 2024 income statement, which are costs tied to workforce separations and terminations.
Word for word“Separation and other termination costs 23 5 5 Depreciation, depletion and amortization 1,729 1,527 1,753 Other operating expense, net 332 18 49 Total operating expenses 5,038 5,579 7,963 Income (loss) from operations ( 803 ) 3,142 3,780 Other income (expense): Interest expense ( 123 ) ( 104 ) ( 160 ) Losses on purchases, exchanges or extinguishments of debt ( 1 ) — ( 5 ) Other income, net 86 79 36 Total other income (expense) ( 38 ) ( 25 ) ( 129 ) Income (loss) before income taxes ( 841 ) 3,117 3,651 Income tax expense (benefit) ( 127 ) 698 ( 1,285 ) Net income (loss) ( 714 ) 2,419 4,936 Deemed dividend on warrants — — ( 67 ) Net income (loss) available to common stockholders $ ( 714 ) $ 2,419 $ 4,869 Earnings (loss) per common share: Basic $ ( 4.55 ) $ 18.21 $ 38.71 Diluted $ ( 4.55 ) $ 16.92 $ 33.36 Weighted average common shares outstanding (in thousands): Basic 156,989 132,840 125,785 Diluted 156,989 142,976 145,961 The accompanying notes are an integral part of these consolidated financial statements.” 10-K for 2024
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $6 million | — |
| 2017-12-31 | $0 | — |
| 2018-12-31 | $38 million | $38 million |
| 2019-12-31 | $12 million | — |
| 2020-12-31 | $44 million | — |
| 2021-12-31 | $11 million | — |
| 2022-12-31 | $5 million | — |
| 2023-12-31 | $5 million | — |
| 2024-12-31 | $23 million | — |
| 2025-12-31 | $5 million | — |
Expand Energy has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Expand Energy’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-18. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.