Oil & Gas Exploration & Production
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EXE vs AR
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Exploration & Production
EXE vs AR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Exploration & Production |
| Market Cap | $23.42B | $11.27B |
| Revenue (TTM) | $14.10B | $5.48B |
| Net Income (TTM) | $3.23B | $962M |
| Gross Margin | 53.4% | 26.0% |
| Operating Margin | 29.0% | 20.9% |
| Forward P/E | 10.9x | 8.3x |
| Total Debt | $5.06B | $5.14B |
| Cash & Equiv. | $696M | $210M |
EXE vs AR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Feb 21 | May 26 | Return |
|---|---|---|---|
| Expand Energy Corpo… (EXE) | 100 | 220.5 | +120.5% |
| Antero Resources Co… (AR) | 100 | 404.1 | +304.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: EXE vs AR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
EXE carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.14, yield 3.3%
- Rev growth 176.0%, EPS growth 266.4%, 3Y rev CAGR 0.6%
- 174.3% 10Y total return vs AR's 44.8%
AR is the clearest fit if your priority is value and momentum.
- Lower P/E (8.3x vs 10.9x)
- -0.9% vs EXE's -8.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 176.0% revenue growth vs AR's 21.7% | |
| Value | Lower P/E (8.3x vs 10.9x) | |
| Quality / Margins | 22.9% margin vs AR's 17.5% | |
| Stability / Safety | Beta 0.14 vs AR's 0.24, lower leverage | |
| Dividends | 3.3% yield; 1-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | -0.9% vs EXE's -8.8% | |
| Efficiency (ROA) | 11.4% ROA vs AR's 7.0%, ROIC 6.6% vs 5.2% |
EXE vs AR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
EXE vs AR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
EXE leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
EXE is the larger business by revenue, generating $14.1B annually — 2.6x AR's $5.5B. EXE is the more profitable business, keeping 22.9% of every revenue dollar as net income compared to AR's 17.5%. On growth, EXE holds the edge at +100.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $14.1B | $5.5B |
| EBITDAEarnings before interest/tax | $7.1B | $1.9B |
| Net IncomeAfter-tax profit | $3.2B | $962M |
| Free Cash FlowCash after capex | $2.9B | -$1.0B |
| Gross MarginGross profit ÷ Revenue | +53.4% | +26.0% |
| Operating MarginEBIT ÷ Revenue | +29.0% | +20.9% |
| Net MarginNet income ÷ Revenue | +22.9% | +17.5% |
| FCF MarginFCF ÷ Revenue | +20.3% | -18.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +100.2% | +33.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +5.5% | +160.6% |
Valuation Metrics
EXE leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 12.9x trailing earnings, EXE trades at a 28% valuation discount to AR's 17.9x P/E. On an enterprise value basis, EXE's 5.5x EV/EBITDA is more attractive than AR's 10.2x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $23.4B | $11.3B |
| Enterprise ValueMkt cap + debt − cash | $27.8B | $16.2B |
| Trailing P/EPrice ÷ TTM EPS | 12.87x | 17.92x |
| Forward P/EPrice ÷ next-FY EPS est. | 10.86x | 8.28x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 5.54x | 10.23x |
| Price / SalesMarket cap ÷ Revenue | 2.01x | 2.25x |
| Price / BookPrice ÷ Book value/share | 1.26x | 1.47x |
| Price / FCFMarket cap ÷ FCF | 12.73x | 9.06x |
Profitability & Efficiency
EXE leads this category, winning 8 of 8 comparable metrics.
Profitability & Efficiency
EXE delivers a 17.4% return on equity — every $100 of shareholder capital generates $17 in annual profit, vs $12 for AR. EXE carries lower financial leverage with a 0.27x debt-to-equity ratio, signaling a more conservative balance sheet compared to AR's 0.67x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +17.4% | +12.4% |
| ROA (TTM)Return on assets | +11.4% | +7.0% |
| ROICReturn on invested capital | +6.6% | +5.2% |
| ROCEReturn on capital employed | +8.1% | +6.8% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 8 |
| Debt / EquityFinancial leverage | 0.27x | 0.67x |
| Net DebtTotal debt minus cash | $4.4B | $4.9B |
| Cash & Equiv.Liquid assets | $696M | $210M |
| Total DebtShort + long-term debt | $5.1B | $5.1B |
| Interest CoverageEBIT ÷ Interest expense | 17.53x | 14.47x |
Total Returns (Dividends Reinvested)
AR leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in AR five years ago would be worth $33,645 today (with dividends reinvested), compared to $23,873 for EXE. Over the past 12 months, AR leads with a -0.9% total return vs EXE's -8.8%. The 3-year compound annual growth rate (CAGR) favors AR at 20.3% vs EXE's 10.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -10.7% | +6.3% |
| 1-Year ReturnPast 12 months | -8.8% | -0.9% |
| 3-Year ReturnCumulative with dividends | +34.6% | +73.9% |
| 5-Year ReturnCumulative with dividends | +138.7% | +236.4% |
| 10-Year ReturnCumulative with dividends | +174.3% | +44.8% |
| CAGR (3Y)Annualised 3-year return | +10.4% | +20.3% |
Risk & Volatility
Evenly matched — EXE and AR each lead in 1 of 2 comparable metrics.
Risk & Volatility
EXE is the less volatile stock with a 0.14 beta — it tends to amplify market swings less than AR's 0.24 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.14x | 0.24x |
| 52-Week HighHighest price in past year | $126.62 | $45.75 |
| 52-Week LowLowest price in past year | $91.02 | $29.10 |
| % of 52W HighCurrent price vs 52-week peak | +76.9% | +79.5% |
| RSI (14)Momentum oscillator 0–100 | 41.7 | 40.2 |
| Avg Volume (50D)Average daily shares traded | 3.6M | 5.7M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates EXE as "Buy" and AR as "Buy". Consensus price targets imply 40.3% upside for EXE (target: $137) vs 34.4% for AR (target: $49). EXE is the only dividend payer here at 3.27% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $136.70 | $48.89 |
| # AnalystsCovering analysts | 20 | 50 |
| Dividend YieldAnnual dividend ÷ price | +3.3% | — |
| Dividend StreakConsecutive years of raises | 1 | 1 |
| Dividend / ShareAnnual DPS | $3.18 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.4% | +1.2% |
EXE leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). AR leads in 1 (Total Returns). 1 tied.
EXE vs AR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is EXE or AR a better buy right now?
For growth investors, Expand Energy Corporation (EXE) is the stronger pick with 176.
0% revenue growth year-over-year, versus 21. 7% for Antero Resources Corporation (AR). Expand Energy Corporation (EXE) offers the better valuation at 12. 9x trailing P/E (10. 9x forward), making it the more compelling value choice. Analysts rate Expand Energy Corporation (EXE) a "Buy" — based on 20 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — EXE or AR?
On trailing P/E, Expand Energy Corporation (EXE) is the cheapest at 12.
9x versus Antero Resources Corporation at 17. 9x. On forward P/E, Antero Resources Corporation is actually cheaper at 8. 3x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — EXE or AR?
Over the past 5 years, Antero Resources Corporation (AR) delivered a total return of +236.
4%, compared to +138. 7% for Expand Energy Corporation (EXE). Over 10 years, the gap is even starker: EXE returned +174. 3% versus AR's +44. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — EXE or AR?
By beta (market sensitivity over 5 years), Expand Energy Corporation (EXE) is the lower-risk stock at 0.
14β versus Antero Resources Corporation's 0. 24β — meaning AR is approximately 76% more volatile than EXE relative to the S&P 500. On balance sheet safety, Expand Energy Corporation (EXE) carries a lower debt/equity ratio of 27% versus 67% for Antero Resources Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — EXE or AR?
By revenue growth (latest reported year), Expand Energy Corporation (EXE) is pulling ahead at 176.
0% versus 21. 7% for Antero Resources Corporation (AR). On earnings-per-share growth, the picture is similar: Antero Resources Corporation grew EPS 1028% year-over-year, compared to 266. 4% for Expand Energy Corporation. Over a 3-year CAGR, EXE leads at 0. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — EXE or AR?
Expand Energy Corporation (EXE) is the more profitable company, earning 15.
6% net margin versus 12. 7% for Antero Resources Corporation — meaning it keeps 15. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EXE leads at 17. 5% versus 16. 5% for AR. At the gross margin level — before operating expenses — EXE leads at 46. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is EXE or AR more undervalued right now?
On forward earnings alone, Antero Resources Corporation (AR) trades at 8.
3x forward P/E versus 10. 9x for Expand Energy Corporation — 2. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for EXE: 40. 3% to $136. 70.
08Which pays a better dividend — EXE or AR?
In this comparison, EXE (3.
3% yield) pays a dividend. AR does not pay a meaningful dividend and should not be held primarily for income.
09Is EXE or AR better for a retirement portfolio?
For long-horizon retirement investors, Expand Energy Corporation (EXE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
14), 3. 3% yield, +174. 3% 10Y return). Both have compounded well over 10 years (EXE: +174. 3%, AR: +44. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between EXE and AR?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
EXE pays a dividend while AR does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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