• Expand Energy average return on tangible equity for 2023 was 58.52, a 56.14% decline from 2022.
• Expand Energy average return on tangible equity for 2022 was 37.48, a 177.5% increase from 2021.
• Expand Energy average return on tangible equity for 2021 was -48.36, a 94.03% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.