Expand Energy (EXE) Stock Overview
Operates as an independent natural gas production company in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
EXE Community Fair Values
Create NarrativeSee what 89 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Expand Energy Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$97.56 |
| 52 Week High | US$126.62 |
| 52 Week Low | US$84.99 |
| Beta | 0.32 |
| 1 Month Change | 11.82% |
| 3 Month Change | 1.17% |
| 1 Year Change | -0.41% |
| 3 Year Change | 15.69% |
| 5 Year Change | 74.74% |
| Change since IPO | 116.85% |
Recent News & Updates
Narrative Update • Aug 07
EXE: Twin Eagle Deal And Buybacks Will Shape Balanced Outlook
Analysts have reduced their price target for Expand Energy to $93 from $99.71, as they now expect softer revenue trends, a slightly higher discount rate and a lower future P/E multiple, partly offset by an improved profit margin outlook. What’s in the News for Expand Energy Expand Energy agreed to acquire Twin Eagle Holdings, an asset backed natural gas marketing and optimization business, in a US$1.25b transaction.Seeking Alpha • Jul 28
Expand: The Most Beta Natural Gas Stock
Summary Expand Energy (EXE) is upgraded to Strong Buy, leveraging LNG export growth and AI-driven data center demand for natural gas. EXE, the largest US nat gas producer post-merger, is highly sensitive to Henry Hub prices due to lack of midstream integration. A 50% EBITDA uplift by 2028 is possible if Henry Hub prices rise as EIA projects, with current forecasts not reflecting this upside. EXE trades at a steep discount to peers, with reputational overhangs but substantial re-rating potential if capital discipline is maintained. Read the full article on Seeking AlphaRecent updates
Narrative Update • Aug 07
EXE: Twin Eagle Deal And Buybacks Will Shape Balanced Outlook
Analysts have reduced their price target for Expand Energy to $93 from $99.71, as they now expect softer revenue trends, a slightly higher discount rate and a lower future P/E multiple, partly offset by an improved profit margin outlook. What’s in the News for Expand Energy Expand Energy agreed to acquire Twin Eagle Holdings, an asset backed natural gas marketing and optimization business, in a US$1.25b transaction.Seeking Alpha • Jul 28
Expand: The Most Beta Natural Gas Stock
Summary Expand Energy (EXE) is upgraded to Strong Buy, leveraging LNG export growth and AI-driven data center demand for natural gas. EXE, the largest US nat gas producer post-merger, is highly sensitive to Henry Hub prices due to lack of midstream integration. A 50% EBITDA uplift by 2028 is possible if Henry Hub prices rise as EIA projects, with current forecasts not reflecting this upside. EXE trades at a steep discount to peers, with reputational overhangs but substantial re-rating potential if capital discipline is maintained. Read the full article on Seeking Alpha
Narrative Update • Jul 24
EXE: Buybacks And Strong Gas Demand Will Support Future Upside
Analysts have trimmed their price target for Expand Energy from $127.40 to $124.12, citing revised expectations for revenue contraction, profit margins and future P/E assumptions. What’s in the News for Expand Energy Expand Energy reported quarterly revenue and earnings that exceeded analyst expectations, with management linking the performance to strong global demand for natural gas and a larger role following its recent merger and rebranding.Narrative Update • Jul 10
EXE: Share Repurchases And Insider Buying Will Support Future Upside
Analysts have trimmed their price target for Expand Energy to $127.40 from $130.84, citing slightly softer revenue growth expectations, a modestly lower profit margin outlook, and a small adjustment to the assumed future P/E multiple. What’s in the News for Expand Energy Expand Energy, previously Chesapeake Energy, rebranded in 2024 after emerging from bankruptcy and is producing natural gas, oil, and natural gas liquids from shale formations, according to recent coverage highlighting its cash generation profile and margin trends.
Narrative Update • Jun 26
EXE: Share Buybacks And New CFO Will Support Future Upside
Analysts have trimmed their price target on Expand Energy to $160 from $165.04, as updated assumptions now reflect a higher 7.11% discount rate, slower expected revenue growth, a lower projected profit margin, and a higher forward P/E multiple of 11.44x. What’s in the News for Expand Energy Expand Energy completed a share repurchase of 2,374,119 shares, representing 0.99% of the company, for a total of US$249.55 million under the buyback announced on October 29, 2024.Narrative Update • May 23
EXE: Share Repurchases And New CFO Appointment Will Support Future Upside
Analysts have trimmed their price target for Expand Energy to $130.84 from $132.73, reflecting updated views on slightly less severe revenue declines, a modestly lower profit margin, and a small change in assumed future P/E and discount rate. What's in the News Expanded share repurchase activity from January 1, 2026 to April 24, 2026, with 1,522,458 shares bought back for $149.56 million.Narrative Update • May 01
EXE: Margin Expansion And Leadership Transition Will Support Future Upside
Analysts have nudged their price target for Expand Energy slightly lower to about $132.73 from around $132.89, citing updated assumptions that pair a softer revenue outlook with improved profit margin expectations and a modestly lower future P/E multiple. What's in the News Expand Energy announced leadership changes, with Chairman Michael Wichterich taking on the role of Interim CEO effective February 9, 2026, while former CEO Domenic J.New Narrative • Apr 22
Premium Market Uplift And LNG Demand Will Limit Future Upside For This Producer
Catalysts About Expand Energy Expand Energy is a natural gas producer with core positions in the Haynesville and Appalachian basins and an integrated marketing and commercial business. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 13
EXE: Electric Fracturing Rollout Will Support Future Upside Under Interim Leadership
Analysts now see a slightly higher fair value for Expand Energy, nudging their price target from about $132.14 to $132.89. This reflects updated assumptions around revenue contraction, profit margins and future P/E expectations.New Narrative • Apr 08
Gulf Coast Gas Demand And Haynesville Efficiencies Will Support Stronger Long Term Margins
Catalysts About Expand Energy Expand Energy is a natural gas producer with large positions in the Haynesville and Appalachian basins, increasingly focused on capturing value along the full gas value chain. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 27
EXE: Electric Fracturing Expansion And Interim Leadership Will Support Future Upside
Analysts have nudged their price target for Expand Energy up to $132.14 from $130.71, tying this change to slightly softer expected revenue declines, a lower projected profit margin of 24.20% and an adjusted forward P/E of 16.13x. What's in the News Expanded completions program agreement with Evolution Well Services to use 100% electric hydraulic fracturing technology in Northeast Appalachia, with gas conditioning, power generation and electric frac operations designed to lower noise, reduce equipment footprint and streamline the worksite (Client Announcements).Narrative Update • Mar 12
EXE: Interim Leadership And Electric Fracturing Agreement Will Support Bullish Outlook
Analysts have nudged their price target on Expand Energy slightly higher to $130.71 from $130.32, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that remain broadly consistent with prior views. What's in the News Expand Energy and Evolution Well Services entered an agreement to use Evolution's 100% electric hydraulic fracturing fleet in Northeast Appalachia, aiming for a smaller on-site footprint, reduced noise, and a more controlled work environment supported by real time operational and environmental data (Client Announcements).Narrative Update • Feb 26
EXE: Interim Leadership And Cleaner Completions Program Will Support Bullish Outlook
Analysts have trimmed their price target on Expand Energy from $131.25 to about $130.32. They factored in updated assumptions around slightly weaker revenue growth, a modestly lower profit margin outlook and a small adjustment to future P/E expectations.Narrative Update • Feb 10
EXE: Interim Leadership Shift Will Support Continued Bullish Long Term Outlook
Analysts have nudged their price target for Expand Energy slightly higher to about $131.25, citing updated fair value estimates, a modest change in discount rate, slightly weaker revenue growth and profit margin assumptions, and a marginally higher future P/E multiple. What's in the News Expand Energy announced leadership changes effective February 9, 2026, with Chairman of the Board Michael Wichterich appointed Interim CEO, succeeding Domenic (Nick) J.Narrative Update • Jan 27
EXE: Slightly Lower Assumptions And P E Multiple Will Still Support Bullish Outlook
Narrative Update Analysts have trimmed their price target on Expand Energy to about $130.82 from roughly $132.04, citing slightly softer revenue growth assumptions, a small improvement in profit margin, and a marginally lower forward P/E multiple. Valuation Changes Fair Value Estimate: reduced slightly from $132.04 to $130.82 per share.Narrative Update • Jan 12
EXE: Higher 2025 Output Guidance And Completed Buybacks Will Support Bullish Outlook
Analysts have slightly reduced their price target on Expand Energy, citing updated fair value estimates of US$132.04 compared with the prior US$133.39, along with refreshed assumptions for revenue growth, profit margin and future P/E. What's in the News Expand Energy reported that from July 1, 2025 to September 30, 2025, it repurchased 0 shares for US$0 million, completing the previously announced buyback with a total of 851,661 shares repurchased for US$99.99 million, representing 0.36% of shares (Key Developments).Narrative Update • Dec 27
EXE: Higher Future Output And Buybacks Will Support Bullish Outlook
Analysts have nudged their price target on Expand Energy slightly higher to approximately $133.39 per share from about $132.86, reflecting modestly improved valuation multiples despite slightly weaker forecasts for revenue growth and profit margins. What's in the News Completed repurchase of 851,661 shares, totaling approximately 0.36% of shares outstanding for $99.99 million under the buyback program announced on October 29, 2024 (Key Developments) Reported no share repurchases from July 1, 2025 to September 30, 2025 under the existing buyback tranche, signaling a pause in capital return via buybacks during the quarter (Key Developments) Updated full year 2025 production guidance to 7.15 Bcfe per day, about 50 MMcfe per day above the prior midpoint, indicating a modest increase in expected output (Key Developments) Valuation Changes The fair value estimate has risen slightly to about $133.39 per share from roughly $132.86, implying a modestly higher intrinsic valuation.Narrative Update • Dec 13
EXE: Higher Production Outlook Will Support Bullish Long Term Outlook
Narrative Update on Analyst Price Target Analysts have modestly raised their price target on Expand Energy from approximately $130.56 to about $132.86 per share. This reflects slightly improved revenue growth expectations, a marginally higher future P E multiple, and a nearly unchanged discount rate, with a stable profit margin outlook.Narrative Update • Nov 28
EXE: Higher Production Outlook and Share Buyback Are Expected To Sustain Fair Value
Analysts have slightly increased their price target for Expand Energy from $130.22 to $130.56. They cite small but notable adjustments to profit margin and forward P/E estimates as the primary drivers for the update.Narrative Update • Nov 14
EXE: Improved Margin Projections and Completed Buyback Will Offset Lower Revenue
Analysts have raised their price target for Expand Energy from $128.78 to $130.22. This change is based on improved profit margin projections, which are seen as outweighing lower revenue growth estimates and a slightly lower discount rate.Analysis Article • Oct 31
Expand Energy (NASDAQ:EXE) Will Pay A Dividend Of $0.575
Expand Energy Corporation ( NASDAQ:EXE ) will pay a dividend of $0.575 on the 4th of December. The dividend yield is...Narrative Update • Sep 24
Digital Advances And Regional Positioning Will Reshape The Energy Landscape
The consensus Analyst Price Target for Expand Energy has been revised downward, primarily reflecting a sharp decline in Net Profit Margin and a significant increase in Future P/E, with fair value reduced from $132.15 to $128.78. What's in the News CFO Mohit Singh departed the company due to termination without cause; Brittany Raiford appointed as Interim CFO.Narrative Update • Sep 04
Digital Advances And Regional Positioning Will Reshape The Energy Landscape
As both the Future P/E ratio and consensus revenue growth forecasts for Expand Energy remain steady, analysts see no significant changes in the company's fundamentals, leaving the fair value estimate unchanged at $132.15. What's in the News CFO Mohit Singh has departed the company; Brittany Raiford, previously Vice President - Treasurer, appointed Interim CFO during the search for a permanent replacement.Seeking Alpha • Apr 22
Expand Energy's 2025 Strategy Is Growth And Synergy
Summary Expand Energy Corporation is rated Strong Buy with a $214/share target, driven by strong domestic and international natural gas demand and significant cost improvements post-merger. The merger between Chesapeake and Southwestern Energy is enhancing drilling efficiency while reducing costs, projecting $400mm savings in eFY25 and $500mm in eFY26. EXE stock is increasing production across its Appalachian and Haynesville assets as gas prices are supported by an improved demand market. Read the full article on Seeking AlphaSeeking Alpha • Apr 13
Expand Energy: Fairly Priced For Data Center And LNG Growth
Summary Expand Energy stock is rated a HOLD due to its fair valuation at a mid-cycle natural gas price of $3.75-$4/MCF, yielding 10-12% FCF. Key growth drivers like LNG exports and AI data centers rely on cheap natural gas; prices above $5/MCF risk demand destruction and cyclical downturns. Investors should value natural gas producers at mid-cycle prices to avoid capital risk, as EXE's current valuation reflects this prudent approach. Declining Permian activity may result in a longer bull run for natural gas if tariff wars persist. Read the full article on Seeking AlphaSeeking Alpha • Mar 12
Expand Energy: The Quality Is Evident
Summary Expand Energy, formerly Chesapeake Energy, emerged from bankruptcy and merged with Southwestern Energy, focusing primarily on natural gas with significant assets across key U.S. shale regions. Management's detailed guidance for 2025 includes a significant production increase, $3 billion in capital expenditures, and substantial cost savings from synergies, enhancing profitability. The company plans to reduce net debt by $616 million in 2025 while maintaining a solid leverage ratio, and returning capital to shareholders. Despite market volatility, Expand Energy's hedging strategy and transparent management make it a solid investment, justifying a continued soft 'buy' rating. Read the full article on Seeking AlphaSeeking Alpha • Jan 09
Expand Energy: Increased Shareholder Returns Expected In 2025
Summary Expand Energy will soon have under $50 million in outstanding notes due before 2030. The company is projected to generate $1.75 billion in 2025 free cash flow now. This combination will allow it to put a significant amount towards shareholder returns in 2025 in addition to its base dividend. It could pay out a couple of dollars per share in variable dividends and/or make share repurchases. At a bit over $100 per share, Expand seems more fairly priced for long-term (after 2025) $3.90 NYMEX natural gas, though. Read the full article on Seeking AlphaSeeking Alpha • Oct 30
Expand Energy Reports Legacy Chesapeake Energy Results
Summary Expand Energy's results reflect Chesapeake Energy alone. The company sold profitable Eagle Ford operations while merging to expand its presence in the high-cost Haynesville. Year-to-date adjusted net income is positive. But selling prices are miserable compared to others in the Marcellus Basin. Performance is worse than if Eagle Ford properties were kept, as the Eagle Ford acreage can be far more profitable than Haynesville acreage. EXE is a strong sell until some key strategies change. Read the full article on Seeking AlphaSeeking Alpha • Oct 09
Chesapeake And Southwestern Become Expand Energy
Summary Expand Energy, built from Chesapeake’s acquisition of Southwestern, is a $19.5 billion market cap company paying a 2.7% base dividend. Chesapeake acquired Southwestern for $7.4 billion, and the merger closed Oct. 1, 2024. Despite a rough year for natural gas, the company is well-positioned to supply natural gas to Midwest and mid-Atlantic utilities via its Marcellus production, and gas for LNG from Haynesville. Expand Energy also gets revenue uplift through its Marcellus and Utica natural gas liquids reserves. Read the full article on Seeking AlphaSeeking Alpha • Sep 19
Chesapeake Energy: Uncertainty Persists
Summary The sale of Eagle Ford assets has streamlined Chesapeake’s portfolio, but the firm has also suffered a significant drop in its revenue base. Chesapeake Energy is not profitable and relies on cuts to production expenses as well as cost synergies with Southwestern Energy to improve its profitability profile. The Company has considerable near-term earnings uncertainty and continues to trade near my fair value estimate. I don't see an especially attractive risk profile and maintain a hold rating on CHK. Read the full article on Seeking AlphaShareholder Returns
| EXE | US Oil and Gas | US Market | |
|---|---|---|---|
| 7D | 3.1% | -3.0% | 2.7% |
| 1Y | -0.4% | 30.9% | 20.9% |
Return vs Industry: EXE underperformed the US Oil and Gas industry which returned 30.9% over the past year.
Return vs Market: EXE underperformed the US Market which returned 20.9% over the past year.
Price Volatility
| EXE volatility | |
|---|---|
| EXE Average Weekly Movement | 3.8% |
| Oil and Gas Industry Average Movement | 6.0% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: EXE has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: EXE's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1989 | 1,600 | Mike Wichterich | www.expandenergy.com |
Expand Energy Corporation operates as an independent natural gas production company in the United States. The company engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids. It holds interests in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania; the Marcellus and Utica Shales in Ohio and West Virginia; and the Haynesville and Bossier Shales in Louisiana and Texas.
Expand Energy Corporation Fundamentals Summary
| EXE fundamental statistics | |
|---|---|
| Market cap | US$21.49b |
| Earnings (TTM) | US$2.78b |
| Revenue (TTM) | US$12.66b |
8.1x
P/E Ratio1.8x
P/S RatioIs EXE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EXE income statement (TTM) | |
|---|---|
| Revenue | US$12.66b |
| Cost of Revenue | US$6.70b |
| Gross Profit | US$5.96b |
| Other Expenses | US$3.18b |
| Earnings | US$2.78b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 12.01 |
| Gross Margin | 47.07% |
| Net Profit Margin | 21.97% |
| Debt/Equity Ratio | 19.0% |
How did EXE perform over the long term?
See historical performance and comparisonDividends
3.3%
Current Dividend Yield27%
Payout RatioDoes EXE pay a reliable dividends?
See EXE dividend history and benchmarks| Expand Energy dividend dates | |
|---|---|
| Ex Dividend Date | Aug 13 2026 |
| Dividend Pay Date | Sep 03 2026 |
| Days until Ex dividend | 2 days |
| Days until Dividend pay date | 23 days |
Does EXE pay a reliable dividends?
See EXE dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/10 22:14 |
| End of Day Share Price | 2026/08/10 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Expand Energy Corporation is covered by 50 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Michael Hall | Baird |
| Jeffrey Robertson | Barclays |