Expand Energy Corporation (EXE) Stock Price & Analysis

Expand Energy Corporation (EXE) is trading at USD 94.58, up 1.74% today, as of October 23, 2026 at 15:44 UTC (US market open; quotes may be delayed), according to Nexqual market data.

EXE last closed at USD 92.96; today's session has ranged USD 92.02–94.61 on volume of 687,871 shares. Market capitalization is $21.90B, with a 52-week range of USD 83.25–126.62 (NMS). Source: Nexqual, retrieved October 23, 2026 at 15:44 UTC.

Also available as compact Markdown for AI agents: nexqual.com/EXE.md

Key facts (EXE)

Superinvestors (SEC 13F-HR, Q2 2026) (EXE)

1 of 80 tracked investors hold EXE. Each row is the investor's latest 13F; change is vs their prior-quarter share count.

InvestorFirm% of portfolioValueChange
Howard MarksOaktree Capital12.64%$478MUnchanged

Analysts (EXE)

Consensus Buy (mean 1.97 on a 1–5 scale), 29 analysts; mean target USD 123.37 (low 92, high 156).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-15UBSTarget loweredBuy$122 → $120
2026-10-15Morgan StanleyTarget loweredOverweight$129 → $124
2026-10-06MizuhoTarget loweredOutperform$145 → $138
2026-10-05Raymond JamesTarget loweredStrong Buy$147 → $141
2026-10-05BernsteinTarget loweredOutperform$160 → $127
2026-10-05Truist SecuritiesTarget loweredBuy$121 → $120
2026-10-02UBSTarget loweredBuy$129 → $122
2026-10-02JefferiesTarget loweredBuy$143 → $136
2026-09-14UBSTarget raisedBuy$124 → $129
2026-09-09Raymond JamesTarget raisedStrong Buy$145 → $147
2026-08-26Goldman SachsTarget raisedBuy$99 → $113
2026-08-19Morgan StanleyTarget loweredOverweight$131 → $129

Total return (dividends reinvested) (EXE)

1Y (from 2025-10-23)5Y (from 2021-10-25)
Total return-7.4%+87.3%
S&P 500 (SPY)+14.7%+77.4%
Per year-7.4%+13.4%
Volatility (annualized)30.3%33.5%
Max drawdown-30.4% (Dec 2025→Sep 2026)-29.2% (Dec 2025→Sep 2026)

EXE revenue by product line (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
Oil & Gas$1.83B61.8%-9.5%
— Natural Gas Sales (part of Oil & Gas)$1.52B51.3%-13.6%
— Natural Gas Liquids Sales (part of Oil & Gas)$199.0M6.7%+13.1%
— Oil Sales (part of Oil & Gas)$112.0M3.8%+30.2%
Natural Gas Gathering Transportation Marketing & Processing$681.0M23.0%-13.6%
— Natural Gas Marketing Sales (part of Natural Gas Gathering Transportation Marketing & Processing)$591.0M20.0%-17.8%
— Oil Marketing Sales (part of Natural Gas Gathering Transportation Marketing & Processing)$49.0M1.7%+48.5%
— Natural Gas Liquids Marketing Sales (part of Natural Gas Gathering Transportation Marketing & Processing)$41.0M1.4%+13.9%
Total revenue$2.96B100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

EXE suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
PartnerMomentum Sustainable Ventures“During the fourth quarter of 2022, we entered into an agreement with Momentum Sustainable Ventures LLC to build a new natural gas gathering pipeline and carbon capture project, the New Generation Gas Gathering pipeline (the "NG3 pipeline"), to gather and treat natural gas produced in the Haynesville Shale for delivery to Gulf Coast markets, including LNG export.”
PartnerNew Generation Gas Gathering“During the fourth quarter of 2022, we entered into an agreement with Momentum Sustainable Ventures LLC to build a new natural gas gathering pipeline and carbon capture project, the New Generation Gas Gathering pipeline (the "NG3 pipeline"), to gather and treat natural gas produced in the Haynesville Shale for delivery to Gulf Coast markets, including LNG export.”
PartnerExxonMobil (XOM)“Under a CO2 services agreement with ExxonMobil Low Carbon Solutions Onshore Storage, LLC ("Exxon"), NG3 anticipates that it will deliver CO2 to Exxon for capture, additional transportation and storage.”

Quoted from the company's 10-K filed Feb 18, 2026.

EXE customer concentration

In the period ended Dec 31, 2025, a single direct customer accounted for 11% of revenue, per the company's 10-K filed Feb 18, 2026. The company does not name it.

EXE company outlook (results filed Jul 28, 2026)

Quoted word-for-word from the SEC 8-K results press release.

EXE analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$1.32$1.29+2.3%$2.01B8
Next quarter (ends Dec 2026)$2.17$2.15+1.2%$2.35B8
Current fiscal year (ends Dec 2026)$8.86$8.44+5.0%$9.52B10
Next fiscal year (ends Dec 2027)$9.09$8.36+8.7%$10.25B11

EXE options: expected move

Options price a move of about ±4.8% (±$4.53) by Oct 30, 2026, which includes earnings on Oct 27, 2026. Over the last 8 reports the stock moved ±4.1% on average.

ExpirationDaysATM implied volatilityExpected move
Oct 30, 2026742.7%±4.8%
Nov 6, 20261437.9%±6.0%
Nov 13, 20262136.2%±7.2%
Nov 20, 20262834.6%±7.8%
Nov 27, 20263534.1%±8.4%
Dec 4, 20264234.3%±9.3%
Dec 18, 20265635.3%±11.1%
Jan 15, 20278431.8%±12.2%

30-day implied volatility 33.4% vs 28.6% realized over the last 30 trading days. Put/call ratio (volume) 0.08. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 15:44 UTC)

PriceUSD 94.58
Change▲ 1.74% (up)
Previous CloseUSD 92.96
OpenUSD 92.02
Day RangeUSD 92.02 – 94.61
52-Week RangeUSD 83.25 – 126.62
Volume687,871 shares
Market Cap$21.90B
ExchangeNMS

Technical Analysis (EXE)

Nexqual's technical model rates EXE "BUY" based on 5 bullish and 1 bearish signals across 128 daily candles, as of October 23, 2026 at 15:44 UTC.

Overall SignalBUY
RSI (14)58.07 (neutral)
vs SMA50Above (USD 92.28)
MACD0.83 (positive)

Analyst Ratings (EXE)

Wall Street analysts rate EXE "Buy" based on 29 analysts, with a mean price target of USD 123.37 (range USD 92–156), per Nexqual as of October 23, 2026 at 15:44 UTC.

Consensus RatingBuy
Analyst Count29
Mean TargetUSD 123.37
High TargetUSD 156
Low TargetUSD 92
Buy / Hold / Sell24 / 5 / 0

Earnings (EXE)

Next Earnings Date2026-10-27
EPS EstimateUSD 1.32
Revenue Estimate$2.01B

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 1.33 vs est 1.12 ▲ beat
2026-03-31USD 3.83 vs est 3.63 ▲ beat
2025-12-31USD 2 vs est 1.89 ▲ beat
2025-09-30USD 0.97 vs est 0.85 ▲ beat

Source: Nexqual, October 23, 2026 at 15:44 UTC.

Financials & Fundamentals (EXE)

Total Revenue$12.66B
Revenue Growth (latest quarter, YoY)-10.60%
Gross Margin+47.07%
Operating Margin+26.32%
Profit Margin+21.97%
ROE+14.89%
Debt / Equity0.19
Current Ratio0.96
Total Cash$663.00M
Total Debt$3.73B
Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K)$2.68B (19.7% of revenue)

Source: Nexqual, October 23, 2026 at 15:44 UTC.

Financial Health Score (EXE)

Nexqual rates Expand Energy Corporation's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 15:44 UTC.

GrowthStrong — Revenue +185% YoY (annual)
ProfitabilityStrong — Gross margin 47%, operating 26% (last 12 months)
Balance SheetSolid — $663M cash and investments vs $3.69B debt (Jun 2026, SEC)
Cash FlowStrong — FCF $2.68B (last 4 quarters to Jun 2026, SEC), 20% margin
EfficiencyMixed — ROE 15%, ROA 8.5%

Ownership (EXE)

Insider Ownership+0.36%
Institutional Ownership+96.84%
Shares Outstanding231.50M
Float230.30M
Short % of Float+4.23%

Source: Nexqual, October 23, 2026 at 15:44 UTC.

Leadership (EXE)

Expand Energy Corporation is led by Michael A. Wichterich, Chairman of the Board, Interim President & CEO, per Nexqual as of October 23, 2026 at 15:44 UTC.

Chairman of the Board, Interim President & CEOMichael A. Wichterich
Executive VP & COOJoshua J. Viets
Vice President of IR & TreasurerBrittany Raiford
Executive Vice President of Commercial ActivitiesDaniel F. Turco
Executive VP & CFOMarcel Teunissen

Major Backers & Investors (EXE)

Notable institutional backers of Expand Energy Corporation include Capital Group, Income Fund of America, Invesco, according to Nexqual as of October 23, 2026 at 15:44 UTC.

Active Investors

InvestorStake
Capital Group2.87%
Income Fund of America2.81%
Invesco2.62%
Victory Capital Management Inc.2.33%
AQR Capital Management, LLC2.33%
Oaktree Capital Management LP2.26%

Index Funds (Passive)

FundStake
Vanguard Group11.86%
BlackRock8.42%
State Street6.75%
Geode Capital2.91%

Source: Nexqual, October 23, 2026 at 15:44 UTC.

From Expand Energy Corporation's Latest SEC 10-K Filing (filed 2026-02-18)

Key Strengths & Strategy (as disclosed to the SEC)

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 15:44 UTC. This page is informational and not investment advice.

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