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EXEExpand Energy Corporation
$87.03$20.1B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
EXE logo

Expand Energy Corporation

EXE
NASDAQ · Oil & Gas E&P
$87.03
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$20.15B
P/E11.5x
52W High$126.62
Volume4.51M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Post-Merger Scale Meets Commodity Price Volatility

Expand Energy's post-merger scale has transformed its financial profile, with revenue surging 175% year-over-year in 2026Q1 and leverage declining to a debt-to-equity of 0.19. The company's low-cost structure and capital discipline, evidenced by capex/revenue ...

GrowthMixed
ProfitabilityModerate
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

EXE price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-19% Peers

P/E is 19% below peer median

03

Market leadership

RS 35 · Lag

Laggard (Underperforming 65% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 28
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue surged 175% year-over-year in 2026Q1 to $4.4B, but gross margin volatility (ranging from 38.3% to 78.6% over the past year) underscores commodity price sensitivity, with operating margin contracting to 22.3% in 2026Q2 from 34.8% in the prior quarter.

Analyst Consensus+38.9% target
Buy(22 analysts)
17 Buy5 Hold0 Sell

The Bull Case

Upside Catalysts

Strong financial turnaround

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.

Attractive valuation metrics

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.

Bullish analyst coverage

A bullish thesis on Expand Energy Corporation was highlighted by @MoneyShow on X.com, indicating positive sentiment among investors and analysts.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
EXE-19.14%
S&P 500 (^GSPC)+13.20%
1-Year Return
EXE-9.09%
S&P 500 (^GSPC)+15.98%
3-Year Return
EXE+15.71%
S&P 500 (^GSPC)+79.86%
5-Year Return
EXE+84.48%
S&P 500 (^GSPC)+74.70%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
11.5x
Forward P/EExpansion
10.1x
EV/EBITDA60th %ile
4.9x
FCF YieldCash Flow
9.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
11.5x
4.5x
75th· Fair
EV/EBITDA
4.9x
3.0x
60th· Fair
Price/FCF
11.0x
14.4x
50th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$277.83+219.2%
Base (Fair)$435.97+398.3%
Bull$849.74+876.4%
$277.83 Bear$435.97 Base$849.74 Bull
Current Market Price: $87.03
Trades at a 80.0% discount to Base DCF ($435.97)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$11.65B+176.0% YoY
Net income
$1.82B+354.8% YoY
Free cash flow
$1.84B+22887.5% YoY
Operating margin
17.5%+36.5 pts YoY
ROIC (TTM)6.6%
Avg ROIC 5Y-
ROE (TTM)10.1%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
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
Q4 2025
Oct 28, 2025
$0.97+8.0%
vs $0.90
$3.0B+9.3%
vs $2.7B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·Sep 15, 2026
Expand Energy Corporation Announces Pricing of Senior Notes Offering

SPRING, Texas, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Expand Energy Corporation (NASDAQ: EXE) (“Expand Energy”) announced today the pricing of its offering (the “Notes Offering”) of $500,000,000 aggregate principal amount of its 5.650% senior notes due 2031 (the “Notes”) at a price to the public of 99.889% of their face value. The Notes Offering is expected to close on September 17, 2026, subject to the satisfaction of customary closing conditions. Expand Energy intends to use the net proceeds from the Notes Offering for general corporate purposes.

Defense World·Sep 10, 2026
Extendicare (TSE:EXE) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Extendicare Inc. (TSE: EXE - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$31.46 and traded as low as C$30.76. Extendicare shares last traded at C$30.95, with a volume of 418,634 shares. Wall Street Analyst Weigh In Several equities analysts

Defense World·Sep 10, 2026
Amundi Acquires 54,218 Shares of Expand Energy Corporation $EXE

Amundi increased its holdings in Expand Energy Corporation (NASDAQ: EXE) by 5.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,006,632 shares of the company's stock after buying an additional 54,218 shares during the period. Amundi owned about 0.43% of Expand

Zacks Investment Research·Sep 9, 2026
Why Expand Energy (EXE) is a Top Growth Stock for the Long-Term

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Filtered for Expand Energy CorporationMore Headlines
04

Compare before deciding

Benchmark EXE against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Expand Energy Corporation (EXE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
EXE logoEXEExpand Energy CorporationCurrent
$87.03$20.15B11.50175.95%15.62%10.07%3.66%
AR logoARAntero Resources Corporation
$34.42$10.58B16.9621.73%18.56%13.64%—
RRC logoRRCRange Resources Corporation
$38.32$8.95B13.9927.56%25.99%19.3%—
CNX logoCNXCNX Resources Corporation
$32.81$4.64B8.2448.87%39.7%21.19%—
CTRA logoCTRACoterra Energy Inc.
$32.56$24.72B14.4740.07%21.68%11.26%—
EQT logoEQTEQT Corporation
$50.84$31.8B15.3673.74%30.68%10.19%—

Compare EXE vs Peers

Expand Energy Corporation (EXE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AR

Most directly comparable listed peer for EXE.

Scale Benchmark

vs XOM

Larger-name benchmark to compare EXE against a more recognizable public peer.

Peer Set

Compare Top 5

vs AR, RRC, CNX, CTRA

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

EXE SEC Filings & Documents

Expand Energy Corporation (EXE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 30, 2026·SEC

Material company update

Jul 28, 2026·SEC

Material company update

Jul 27, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 26, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 28, 2026·SEC

FY 2026

Apr 28, 2026·SEC

FY 2025

Oct 28, 2025·SEC

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EXE Frequently Asked Questions

Expand Energy Corporation (EXE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Expand Energy Corporation's revenue?

Expand Energy Corporation (EXE) reported $13.37B in revenue for fiscal year 2025. This represents a 9083% increase from $145.6M in 1995.

How fast is Expand Energy Corporation growing?

Expand Energy Corporation (EXE) grew revenue by 176.0% over the past year. This is strong growth.

Is EXE profitable?

Yes, Expand Energy Corporation (EXE) is profitable, generating $2.78B in net income for fiscal year 2025 (15.6% net margin).

Dividend & Returns
Does EXE pay dividends?

Yes, Expand Energy Corporation (EXE) pays a dividend with a yield of 3.66%. This makes it attractive for income-focused investors.

What is EXE's return on equity?

Expand Energy Corporation (EXE) has a return on equity (ROE) of 10.1%. This is reasonable for most industries.

What is Expand Energy Corporation's free cash flow?

Expand Energy Corporation (EXE) generated $2.54B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in EXE back in 1995?

Total return calculator · dividends reinvested · 31+ years of data

See returns →