• Expand Energy average ebitda margin for 2023 was 56.45%, a 55.21% decline from 2022.
• Expand Energy average ebitda margin for 2022 was 36.37%, a 169.61% increase from 2021.
• Expand Energy average ebitda margin for 2021 was 13.49%, a 112.39% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.