Feed / EXE

Expand Energy Corporation

EXE

Energy · 96.82 +0.2% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

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.

Company+0.2% todayVolume comparison unavailable
Market group0 of 6 activeNatural Gas Producers · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Energy · Oil & Gas E&P

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.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • 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

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements80
Verified relationships4
Evidence supporting the case
  • 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.
Evidence challenging the case
  • Restructuring and cost reductions has repeated adverse evidence across 3 filings.
Questions before a position
  • P/E is 47% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

96.82
6m-10.8%12m+2.2%24m+34.5%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$5.5B+5.9%$8.12
2022-12-31$11.7B+111.6%$33.36+25.5%
2023-12-31$8.7B-25.7%$16.92-2.0%
2024-12-31$4.2B-51.4%$-4.55+9.8%
2025-12-31$12.1B+186.3%$7.57

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 5 filings
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
Energy and commodity pricespositive · 5 filings
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 investment and capacitypositive · 4 filings
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
Restructuring and cost reductionsnegative · 3 filings
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.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

96.82+0.2% today

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.