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)
- 1 of 80 tracked superinvestors hold EXE (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Analysts: Buy (mean 1.97 on a 1–5 scale) (29 analysts), mean target USD 123.37 (range 92–156).
- Total return with dividends: 1Y -7.4% vs S&P 500 +14.7%; 5Y +87.3% vs S&P 500 +77.4%.
- Next earnings: 2026-10-27, EPS estimate USD 1.32, revenue estimate $2.01B.
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.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Howard Marks | Oaktree Capital | 12.64% | $478M | Unchanged |
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:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | UBS | Target lowered | Buy | $122 → $120 |
| 2026-10-15 | Morgan Stanley | Target lowered | Overweight | $129 → $124 |
| 2026-10-06 | Mizuho | Target lowered | Outperform | $145 → $138 |
| 2026-10-05 | Raymond James | Target lowered | Strong Buy | $147 → $141 |
| 2026-10-05 | Bernstein | Target lowered | Outperform | $160 → $127 |
| 2026-10-05 | Truist Securities | Target lowered | Buy | $121 → $120 |
| 2026-10-02 | UBS | Target lowered | Buy | $129 → $122 |
| 2026-10-02 | Jefferies | Target lowered | Buy | $143 → $136 |
| 2026-09-14 | UBS | Target raised | Buy | $124 → $129 |
| 2026-09-09 | Raymond James | Target raised | Strong Buy | $145 → $147 |
| 2026-08-26 | Goldman Sachs | Target raised | Buy | $99 → $113 |
| 2026-08-19 | Morgan Stanley | Target lowered | Overweight | $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)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Oil & Gas | $1.83B | 61.8% | -9.5% |
| — Natural Gas Sales (part of Oil & Gas) | $1.52B | 51.3% | -13.6% |
| — Natural Gas Liquids Sales (part of Oil & Gas) | $199.0M | 6.7% | +13.1% |
| — Oil Sales (part of Oil & Gas) | $112.0M | 3.8% | +30.2% |
| Natural Gas Gathering Transportation Marketing & Processing | $681.0M | 23.0% | -13.6% |
| — Natural Gas Marketing Sales (part of Natural Gas Gathering Transportation Marketing & Processing) | $591.0M | 20.0% | -17.8% |
| — Oil Marketing Sales (part of Natural Gas Gathering Transportation Marketing & Processing) | $49.0M | 1.7% | +48.5% |
| — Natural Gas Liquids Marketing Sales (part of Natural Gas Gathering Transportation Marketing & Processing) | $41.0M | 1.4% | +13.9% |
| Total revenue | $2.96B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
EXE suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Momentum 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.” |
| Partner | New 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.” |
| Partner | ExxonMobil (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)
- “In 2026, Expand Energy expects to run 11 – 12 rigs and invest approximately $2.75 – $2.95 billion.”
- “Average daily production is expected to be approximately 7.4 – 7.6 Bcfe/d.”
- “A detailed breakdown of the Company's 2026 annual capital and operating outlook can be found in the supplemental slides.”
- “Conference Call Information A conference call to discuss Expand Energy's second quarter 2026 financial and operating results and 2026 outlook has been scheduled for 9 a.m.”
Quoted word-for-word from the SEC 8-K results press release.
EXE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.32 | $1.29 | +2.3% | $2.01B | 8 |
| Next quarter (ends Dec 2026) | $2.17 | $2.15 | +1.2% | $2.35B | 8 |
| Current fiscal year (ends Dec 2026) | $8.86 | $8.44 | +5.0% | $9.52B | 10 |
| Next fiscal year (ends Dec 2027) | $9.09 | $8.36 | +8.7% | $10.25B | 11 |
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.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 42.7% | ±4.8% |
| Nov 6, 2026 | 14 | 37.9% | ±6.0% |
| Nov 13, 2026 | 21 | 36.2% | ±7.2% |
| Nov 20, 2026 | 28 | 34.6% | ±7.8% |
| Nov 27, 2026 | 35 | 34.1% | ±8.4% |
| Dec 4, 2026 | 42 | 34.3% | ±9.3% |
| Dec 18, 2026 | 56 | 35.3% | ±11.1% |
| Jan 15, 2027 | 84 | 31.8% | ±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)
| Price | USD 94.58 |
|---|---|
| Change | ▲ 1.74% (up) |
| Previous Close | USD 92.96 |
| Open | USD 92.02 |
| Day Range | USD 92.02 – 94.61 |
| 52-Week Range | USD 83.25 – 126.62 |
| Volume | 687,871 shares |
| Market Cap | $21.90B |
| Exchange | NMS |
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 Signal | BUY |
|---|---|
| RSI (14) | 58.07 (neutral) |
| vs SMA50 | Above (USD 92.28) |
| MACD | 0.83 (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 Rating | Buy |
|---|---|
| Analyst Count | 29 |
| Mean Target | USD 123.37 |
| High Target | USD 156 |
| Low Target | USD 92 |
| Buy / Hold / Sell | 24 / 5 / 0 |
Earnings (EXE)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 1.32 |
| Revenue Estimate | $2.01B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.33 vs est 1.12 ▲ beat |
| 2026-03-31 | USD 3.83 vs est 3.63 ▲ beat |
| 2025-12-31 | USD 2 vs est 1.89 ▲ beat |
| 2025-09-30 | USD 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 / Equity | 0.19 |
| Current Ratio | 0.96 |
| 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.
| Growth | Strong — Revenue +185% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 47%, operating 26% (last 12 months) |
| Balance Sheet | Solid — $663M cash and investments vs $3.69B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $2.68B (last 4 quarters to Jun 2026, SEC), 20% margin |
| Efficiency | Mixed — ROE 15%, ROA 8.5% |
Ownership (EXE)
| Insider Ownership | +0.36% |
|---|---|
| Institutional Ownership | +96.84% |
| Shares Outstanding | 231.50M |
| Float | 230.30M |
| 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 & CEO | Michael A. Wichterich |
|---|---|
| Executive VP & COO | Joshua J. Viets |
| Vice President of IR & Treasurer | Brittany Raiford |
| Executive Vice President of Commercial Activities | Daniel F. Turco |
| Executive VP & CFO | Marcel 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
| Investor | Stake |
|---|---|
| Capital Group | 2.87% |
| Income Fund of America | 2.81% |
| Invesco | 2.62% |
| Victory Capital Management Inc. | 2.33% |
| AQR Capital Management, LLC | 2.33% |
| Oaktree Capital Management LP | 2.26% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.86% |
| BlackRock | 8.42% |
| State Street | 6.75% |
| Geode Capital | 2.91% |
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)
- In 2025, we joined the S&P 500 index and returned approximately $865 million to shareholders through dividends and share repurchases.
- We believe that our technological expertise, combined with our exploration, land, drilling and production capabilities and the experience of our management team, enables us to compete effectively.
Legal & Regulatory Risks (Item 1A, quoted)
- Our ability to produce natural gas, oil and NGL economically and in commercial quantities could be impaired if we are unable to acquire adequate supplies of water for our operations or are unable to dispose of or recycle the water we use economically and in compliance with environmental laws.
- We collect, process, store and use personal information and other data, and our actual or perceived failure to protect such information and data or comply with data privacy and security laws and regulations could damage our reputation and brand and harm our business and operating results.
- We are subject to extensive governmental regulation, which can change and could adversely impact our business.
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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