Expand Energy's Southwestern merger integration has doubled the asset base to $29.7B and driven an operating income swing from a -$268M loss in 2025Q1 to $1.5B in 2026Q1, but the inorganic growth engine appears exhausted as revenue growth decelerated to 10.8% in 2026Q3.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has cooled from 100.2% acquisition-driven surges in 2026Q1 to 10.8% in 2026Q3, with gross margins swinging violently between -37.6% and 79.4% and SG&A fluctuating between $40M and $999M, suggesting reported results remain highly commodity-levered and clouded by non-recurring merger charges.
Expand Energy Corporation reported a sharp turnaround with revenue of US$4,397 million and net income of US$1,159 million in Q1 2026, reversing prior year losses.
EXE's trailing P/E ratio of 6.61x and forward P/E of 9.27x suggest the stock is undervalued compared to its historical performance and growth potential.
A bullish thesis on Expand Energy Corporation was highlighted by @MoneyShow on X.com, indicating positive sentiment among investors and analysts.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 27, 2026 | $1.46+13.2% vs $1.29 | $3.3B+15.5% vs $2.8B |
Q3 2026 Jul 28, 2026 | $1.33+17.7% vs $1.13 | $3.0B-2.9% vs $3.0B |
Q2 2026 Apr 28, 2026 | $3.83+3.8% vs $3.69 | $4.4B+24.6% vs $3.5B |
Q1 2026 Feb 17, 2026 | $2.00+7.0% vs $1.87 | $3.3B+11.4% vs $2.9B |
Four oil and gas producers just paired earnings with fresh payouts, but one dividend is built to survive $30 oil and another sits on a thin gas price cushion. Which checks are truly safe, and which come with a catch?
Expand Energy (NASDAQ: EXE - Get Free Report) and Plains All American Pipeline (NASDAQ: PAA - Get Free Report) are both large-cap energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their risk, valuation, analyst recommendations, profitability, earnings, dividends and institutional ownership. Insider and Institutional Ownership 97.9%
Expand Energy rates a strong buy, with a DCF-based price target of $140—implying 55% upside and limited downside risk. EXE's robust hedging program shields 58–60% of 2027 production, adding $930M to cash flow and mitigating El Niño and Permian supply risks. The recent CEO appointment of Danny Brown, with a strong operational track record, alleviates management quality concerns.
Expand Energy's Q3 earnings beat estimates on higher production and stronger liquids prices, while Twin Eagle boosted marketing and free cash flow slipped.
Benchmark EXE against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Expand Energy Corporation (EXE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $84.60 | $19.59B | 7.12 | 175.95% | 20.11% | 14.29% | 3.76% | |
| $36.08 | $11.09B | 8.10 | 21.73% | 22.74% | 16.72% | — | |
| $48.72 | $11.38B | 12.85 | 27.56% | 25.48% | 19.27% | 0.73% | |
| $34.92 | $4.94B | 5.65 | 48.87% | 36.22% | 19.58% | — | |
| $49.40 | $30.9B | 11.14 | 73.74% | 30.23% | 9.79% | 1.26% | |
| $13.41 | $3.94B | 8.81 | 53.83% | 24.44% | 14.33% | — |
Expand Energy Corporation (EXE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Expand Energy Corporation (EXE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 27, 2026·SEC
Oct 19, 2026·SEC
Oct 13, 2026·SEC
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Expand Energy Corporation (EXE) stock FAQ — growth, dividends, profitability & financials explained
Expand Energy Corporation (EXE) reported $13.69B in revenue over the trailing twelve months. Revenue was $11.65B in fiscal year 2025. That is 7900% more than the $145.6M of fiscal year 1995.
Expand Energy Corporation (EXE) grew revenue by 26.2% over the trailing twelve months, compared with the twelve months before.
Yes. Expand Energy Corporation (EXE) earned $2.75B in net income over the trailing twelve months (a 20.1% net margin).
Yes. Expand Energy Corporation (EXE) pays a dividend that yields 3.76% at the current price, a moderate yield.
Expand Energy Corporation (EXE) had a return on equity (ROE) of 14.3% over the trailing twelve months. That is in line with the market's typical 10-15%.
Expand Energy Corporation (EXE) generated $2.46B in free cash flow over the trailing twelve months.
