EXPAND ENERGY Corp (EXE)
Energy · Oil & Gas Exploration & Production · US stock · S&P 500 component
$93.41
▲ +2.61 (2.87%)
Fair valueData under review
$337
$169fair band $202–$472$506
Day's range
$90.80 – $94.01
52-week range
$83.25 – $124.43
Red flags⚠ Heavy dilution
About EXPAND ENERGY Corp
Expand Energy is a natural gas producer, formed through the combination of Chesapeake Energy and Southwestern Energy. It drilled and operates wells in the Appalachian Basin and in Louisiana's Haynesville shale, and also produces some oil and natural gas liquids. Revenue comes from selling natural gas at market prices, so results depend on gas prices, drilling costs and pipeline access.
Revenue at EXPAND ENERGY Corp was $13.6 billion across the last twelve months. Across three years, sales expanded by 1.1% a year. Operating profit was 26.9% of revenue. It earned a return on invested capital of 13%. Debt after cash comes to 0.5 times EBITDA. Shareholders receive a dividend yielding 2.5%. On the site's X-Ray Score, it rates 68 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $83.25 – $124.43Volume 6,027,300Daily, split-adjusted
Vitals
Market cap$22.3B
52-week range$83.25 – $124.43
Volume (last day)6,027,300
P/E (TTM)8.1
EBIT / EV yield14.5%
Free-cash-flow yield12.0%
Dividend yield2.5%
Revenue (TTM)$13.6B
Net income (TTM)$2.8B
Operating margin26.9%
Return on capital12.8%
Debt incl. leases$3.7B
Cash & securities$663M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$337model spread $293 – $363
Data under review
+0.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Price $93
Undervalued < $202Fair $202 – $472Overvalued > $472
10-year DCF (market-scaled)
$521
Peer multiples
$198
Earnings power floor (not blended)
$-111
Fundamentals-adjusted multiple
$293
Growth the price implies
-6.9%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Read the lenses below
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Energy peers. Open a lens to see the numbers behind it.
Valuation
Strong
93/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield14.5%
Free-cash-flow yield12.0%
Fair value vs price3.6×
Growth
Fair
58/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)1.1%
EPS growth (3y)-39.0%
Growth consistency60%
Profitability
Fair
56/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital12.8%
Operating margin26.9%
Financial health
Fair
67/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA0.5×
Interest cover16.8×
Dividends
Fair
50/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.5%
Dividends vs free cash flow20%
Dividend growth-14.2%
Quarterly results: last 6 quarters
+103.1%
Mar '25
+630.7%
Jun '25
+357.7%
Sep '25
+63.5%
Dec '25
+100.2%
Mar '26
-19.8%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $3.0B, diluted EPS $2.19.
Compare with peers
APA APA Corp69 EOG Eog Resources Inc66 COP Conocophillips59 EQT EQT Corp55Other Oil & Gas Exploration & Production companies by X-Ray Score.
Fundamentals checklist
● 8 Good · ● 6 Average · ● 1 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldGood
Risk models
Altman Z''Average
Piotroski F-ScoreGood
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Average
Revenue growth (3y)Good
Growth consistencyAverage
Balance sheet
Current ratioAverage
Net debt / EBITDAGood
Interest coverAverage
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 69/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | – | $11.7B | $8.7B | $4.2B | $12.1B |
| Operating income | – | $3.8B | $3.1B | −$803M | $2.5B |
| Net income | $6.3B | $4.9B | $2.4B | −$714M | $1.8B |
| Operating cash flow | – | $4.1B | $2.4B | $1.6B | $4.6B |
| Operating margin | – | 32.2% | 36.0% | -19.0% | 20.4% |
| Free cash flow | – | $2.3B | $551M | $8M | $1.8B |
| Diluted EPS | – | $33.36 | $16.92 | $-4.55 | $7.57 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
9 bullish · 1 neutral · 6 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Bearish
2 bullish · 1 neutral · 5 bearish
Moving averages (daily)
| SMA 10 | 89.64 | Bullish |
| EMA 10 | 90.12 | Bullish |
| SMA 20 | 87.93 | Bullish |
| EMA 20 | 89.71 | Bullish |
| SMA 50 | 92.51 | Bullish |
| EMA 50 | 90.84 | Bullish |
| SMA 100 | 90.98 | Bullish |
| EMA 100 | 92.43 | Bullish |
| SMA 200 | 96.56 | Bearish |
| EMA 200 | 95.08 | Bearish |
Oscillators (daily)
| RSI (14) | 60.88 | Neutral |
| MACD (12, 26) | -0.05 | Bearish |
| Momentum (12) | 11.08 | Bullish |
| Stochastic %K (14) | 94.42 | Bearish |
| Williams %R (14) | -5.58 | Bearish |
| CCI (20) | 177.4 | Bearish |
Pivot points (classic, last session)
S3 88.26 | S2 89.53 | S1 91.47 | Pivot 92.74 | R1 94.68 | R2 95.95 | R3 97.89 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.30 USD
Yield on today's price
2.46%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 13 Aug 2026 | 0.5750 |
| 14 May 2026 | 0.5750 |
| 5 Mar 2026 | 0.5750 |
| 13 Nov 2025 | 0.5750 |
| 14 Aug 2025 | 1.4650 |
| 15 May 2025 | 0.5750 |
| 11 Mar 2025 | 0.5750 |
| 14 Nov 2024 | 0.5750 |
| 15 Aug 2024 | 0.5750 |
| 15 May 2024 | 0.7150 |
| 6 Mar 2024 | 0.5750 |
| 15 Nov 2023 | 0.5750 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
EXE SEC filings
13 Oct 2026
8-KSEC EDGAR
Director or officer change
6 Oct 2026
8-KSEC EDGAR
Entered a material agreement
17 Sep 2026
8-KSEC EDGAR
Entered a material agreement; Other events
16 Sep 2026
8-KSEC EDGAR
Entered a material agreement; Regulation FD disclosure
16 Sep 2026
8-KSEC EDGAR
Director or officer change; Other events
15 Sep 2026
424B5SEC EDGAR
424B5
30 Jul 2026
8-KSEC EDGAR
Other events
28 Jul 2026
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.