“Interest Expense Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Interest expense on debt $ 55 $ 74 $ 126 $ 151 Amortization of premium, discount, issuance costs and other 2 2 3 2 Capitalized interest (14) (16) (27) (34) Total intere…”10-Q · Jul 28, 2026 ↗
Expand Energy Corporation
EXE
Market read
Expand Energy Corporation's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
- Capital expenditures increased in the Current Period attributed to increased drilling and completion activity in Northeast and Southwest Appalachia and increased leasehold activity.
Invalidation: The isolated read changes if EXE's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Capital expenditures increased in the Current Period attributed to increased drilling and completion activity in Northeast and Southwest Appalachia and increased leasehold activity.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +186.3% year over year.
- Operating margin changed +39.3 percentage points in the latest annual period.
- Net margin changed +31.9 percentage points in the latest annual period.
- Operating cash flow covered net income at 2.52x in the latest annual period.
- Energy and commodity prices has repeated favorable evidence across 5 filings.
- Capital investment and capacity has repeated favorable evidence across 4 filings.
- Restructuring and cost reductions has repeated adverse evidence across 3 filings.
- P/E is 47% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
96.82Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Marketing revenues and expenses increased in the Current Period compared to the Prior Period primarily as a result of increased marketed volumes, higher prices amid natural gas price volatility and optimization efforts.”10-Q · Jul 28, 2026 ↗
“Capital Expenditures Our capital expenditures increased during the Current Period compared to the Prior Period, as a result of increased drilling and completion activity within our Northeast Appalachia and Southwest Appalachia operating areas as well as incre…”10-Q · Jul 28, 2026 ↗
“The increase due to the Southwestern Merger was partially offset by a decrease in the Haynesville statutory severance tax rate, which resulted in a per unit decrease.”10-K · Feb 18, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.9× · EV/sales 2.3×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for EXE. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for EXE. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind EXE
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
JPMJPMorgan Chase & Co.lenderFeb 18, 2026 ▾
“8-K 001-13726 3.2 10/1/2024 10.1* Amended and Restated Credit Agreement, dated as of September 30, 2025, among Expand Energy Corporation, the financial institutions from time to time party thereto and JPMorgan Chase Bank, N.A., as a dministrative a gent .”
Depended on by
DTMDT Midstream, Inc.customerOct 30, 2025 ▾
“We depend on a key customer, Expand Energy, in the Haynesville formation in the Gulf Coast and in the Marcellus formation in the Northeastern U.S.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
EXE is currently a Follower in the organic co-movement group Natural Gas Producers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for EXE; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.