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DC Infra·EXE
Expand Energy Corporation
NASDAQ · US
Natural gas exploration and production company with a large-scale U.S. gas resource base.
AI relevance
Gas-weighted upstream supply exposure tied to incremental electricity demand from AI data centers and power markets.
Price
$87.93
Change
-0.80 (-0.90%)
Market cap
$21.0B
52w range
$86–$127
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
EXE market performance
Daily close for Expand Energy Corporation
- Latest close
- $87.91
- Range move
- -$34.62 (-28.3%)
- Range high
- $122.9
- Range low
- $86.98
- Latest volume
- 777.4K
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
76 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus20 ratings
Strong buy
1
Buy
14
Hold
5
Sell
0
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $14.38B | $13.70B - $14.79B | $8.91 | $7.67 - $9.95 | $8.08B | $4.77B | $2.12B | $3.96B | 6 rev / 14 EPS |
| 2027-12-31 | $14.25B | $13.60B - $15.00B | $9.14 | $7.30 - $10.32 | $8.01B | $4.73B | $2.27B | $3.92B | 6 rev / 15 EPS |
| 2028-12-31 | $14.67B | $13.95B - $15.44B | $9.71 | $6.69 - $16.92 | $8.25B | $4.87B | $2.36B | $4.04B | 3 rev / 11 EPS |
| 2029-12-31 | $14.99B | $14.26B - $15.78B | $11.52 | $10.79 - $12.31 | $8.43B | $4.98B | $2.77B | $4.12B | 2 rev / 4 EPS |
| 2030-12-31 | $15.51B | $14.76B - $16.33B | $11.95 | $11.20 - $12.77 | $8.72B | $5.15B | $2.87B | $4.27B | 1 rev / 4 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $3.11B | $2.62B - $3.35B | $1.16 | $0.75 - $1.43 | $1.75B | $1.03B | $280.2M | $856.8M | 6 rev / 13 EPS |
| 2026-09-30 | $3.26B | $2.95B - $3.49B | $1.44 | $1.04 - $1.78 | $1.84B | $1.08B | $346.0M | $898.3M | 6 rev / 13 EPS |
| 2026-12-31 | $3.64B | $3.24B - $3.98B | $2.39 | $2.05 - $2.68 | $2.04B | $1.21B | $574.3M | $1.00B | 5 rev / 5 EPS |
| 2027-03-31 | $3.78B | $3.37B - $4.13B | $3.00 | $2.57 - $3.37 | $2.12B | $1.25B | $722.5M | $1.04B | 3 rev / 5 EPS |
| 2027-06-30 | $3.33B | $2.97B - $3.64B | $1.64 | $1.41 - $1.84 | $1.87B | $1.11B | $394.9M | $916.4M | 3 rev / 5 EPS |
| 2027-09-30 | $3.42B | $3.05B - $3.74B | $1.78 | $1.53 - $2.00 | $1.92B | $1.14B | $428.8M | $941.1M | 3 rev / 5 EPS |
| 2027-12-31 | $3.75B | $3.34B - $4.10B | $2.59 | $2.22 - $2.90 | $2.11B | $1.24B | $623.2M | $1.03B | 3 rev / 5 EPS |
| 2028-03-31 | $3.92B | $3.49B - $4.28B | $3.15 | $2.70 - $3.53 | $2.20B | $1.30B | $758.6M | $1.08B | 2 rev / 6 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 1 | $110.00 |
| Last quarter | 4 | $130.75 |
| Last year | 24 | $136.42 |
| All time | 38 | $127.66 |
Sources: TheFly, StreetInsider
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-05-26 | Barclays | Downgrade | Overweight | Equal Weight |
| 2026-05-22 | Morgan Stanley | Maintain | Overweight | Overweight |
| 2026-04-30 | William Blair | Downgrade | Outperform | Market Perform |
| 2026-04-30 | UBS | Maintain | Buy | Buy |
| 2026-04-30 | Truist Securities | Maintain | Buy | Buy |
| 2026-04-13 | UBS | Maintain | Buy | Buy |
| 2026-04-09 | Truist Securities | Maintain | Buy | Buy |
| 2026-04-02 | Keybanc | Downgrade | Overweight | Sector Weight |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-06-01 | 3 | 17 | 6 | 0 | 0 |
| 2026-05-01 | 4 | 19 | 6 | 0 | 0 |
| 2026-04-01 | 5 | 19 | 5 | 0 | 1 |
| 2026-03-01 | 6 | 19 | 2 | 0 | 1 |
| 2026-02-01 | 6 | 19 | 2 | 0 | 1 |
| 2026-01-01 | 6 | 19 | 2 | 0 | 1 |
| 2025-12-01 | 6 | 19 | 2 | 0 | 1 |
| 2025-11-01 | 6 | 19 | 2 | 0 | 1 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $11.65B | $5.42B | 46.5% | $0 | $2.04B | $5.50B | $1.82B | $7.67 |
| FY 2024 | $4.22B | $1.14B | 27.0% | $0 | -$803.0M | $1.02B | -$714.0M | $-4.55 |
| FY 2023 | $7.78B | $5.04B | 64.8% | $0 | $3.14B | $4.76B | $2.42B | $18.21 |
| FY 2022 | $11.44B | $8.16B | 71.3% | $0 | $3.78B | $5.56B | $4.94B | $38.71 |
| FY 2021 | $7.30B | $2.42B | 33.1% | $0 | $2.33B | $7.30B | $6.33B | $53.66 |
| FY 2020 | $5.21B | $620.0M | 11.9% | $0 | -$8.70B | -$8.20B | -$9.73B | $-998.26 |
| FY 2019 | $8.49B | $396.0M | 4.7% | $0 | -$31.0M | $2.28B | -$308.0M | $-49.97 |
| FY 2018 | $10.23B | $1.27B | 12.5% | $0 | $382.0M | $2.59B | $226.0M | $29.26 |
| FY 2017 | $9.50B | $1.08B | 11.4% | $0 | -$138.0M | $1.94B | -$505.0M | $180.00 |
| FY 2016 | $7.87B | -$652.0M | -8.3% | $0 | -$4.41B | -$3.19B | -$4.39B | $-1278.00 |
| FY 2015 | $12.76B | $141.0M | 1.1% | $0 | -$18.92B | -$16.54B | -$14.57B | $-4486.00 |
| FY 2014 | $23.13B | $3.93B | 17.0% | $0 | $3.48B | $6.29B | $1.92B | $386.00 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $4.58B | $2.74B | $1.84B |
| FY 2024 | $1.56B | $1.56B | $8.0M |
| FY 2023 | $2.38B | $1.83B | $551.0M |
| FY 2022 | $4.13B | $1.82B | $2.30B |
| FY 2021 | $1.79B | $735.0M | $1.05B |
| FY 2020 | $1.16B | $1.14B | $22.0M |
| FY 2019 | $1.62B | $2.26B | -$640.0M |
| FY 2018 | $1.73B | $2.00B | -$267.0M |
| FY 2017 | $745.0M | $2.22B | -$1.75B |
| FY 2016 | -$204.0M | $2.12B | -$2.32B |
| FY 2015 | $726.0M | $3.77B | -$3.04B |
| FY 2014 | $4.63B | $6.62B | -$1.98B |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $960.0M | $1.60B | $0 | $24.36B | $28.29B | $5.06B | $4.36B | $9.71B | $18.58B |
| FY 2024 | $317.0M | $1.21B | $0 | $24.43B | $27.89B | $5.83B | $5.51B | $10.33B | $17.57B |
| FY 2023 | $1.08B | $585.0M | $0 | $10.20B | $14.38B | $2.13B | $1.05B | $3.65B | $10.73B |
| FY 2022 | $130.0M | $1.41B | $0 | $11.31B | $15.47B | $3.21B | $3.08B | $6.34B | $9.12B |
| FY 2021 | $905.0M | $1.08B | $0 | $8.84B | $11.01B | $2.32B | $1.41B | $5.34B | $5.67B |
| FY 2020 | $298.0M | $746.0M | $0 | $5.26B | $6.58B | $1.96B | $1.68B | $11.93B | -$5.34B |
| FY 2019 | $140.0M | $990.0M | $0 | $14.77B | $16.19B | $9.50B | $9.49B | $11.79B | $4.36B |
| FY 2018 | $213.0M | $1.17B | $0 | $10.80B | $12.73B | $7.72B | $7.72B | $10.60B | $2.09B |
| FY 2017 | $32.0M | $1.14B | $0 | $10.66B | $12.43B | $9.97B | $9.97B | $12.80B | -$496.0M |
| FY 2016 | $882.0M | $964.0M | $0 | $10.58B | $13.03B | $10.44B | $9.56B | $14.23B | -$1.33B |
| FY 2015 | $1.19B | $903.0M | $0 | $14.20B | $17.31B | $10.72B | $9.90B | $14.92B | $2.14B |
| FY 2014 | $5.03B | $2.01B | $0 | $32.42B | $40.75B | $11.58B | $7.47B | $22.55B | $16.90B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 46.5% | 17.5% | 15.6% | 1.0x | 1.0x | 9.8% | 6.4% | 2.6x | 5.6x | 7.0% | 0.0% | 6d |
| FY 2024 | 27.0% | -19.0% | -16.9% | 0.6x | 0.6x | -4.1% | -2.7% | 5.0x | 20.8x | 0.1% | 0.0% | 12d |
| FY 2023 | 64.8% | 40.4% | 31.1% | 2.0x | 2.0x | 22.5% | 18.5% | 1.4x | 2.4x | 5.4% | 0.0% | -29d |
| FY 2022 | 71.3% | 33.0% | 43.1% | 1.0x | 1.0x | 54.1% | 29.4% | 1.3x | 2.7x | 19.4% | 0.0% | -22d |
| FY 2021 | 33.1% | 31.8% | 86.7% | 0.9x | 0.9x | 111.6% | 27.1% | 1.2x | 1.2x | 13.8% | 0.0% | 31d |
| FY 2020 | 11.9% | -167.0% | -186.8% | 0.4x | 0.4x | 182.3% | -159.3% | 0.4x | -0.3x | 5.3% | 0.0% | 25d |
| FY 2019 | 4.7% | -0.4% | -3.6% | 0.5x | 0.5x | -7.1% | -0.1% | 1.2x | 4.3x | -179.6% | 0.0% | 20d |
| FY 2018 | 12.5% | 3.7% | 2.2% | 0.6x | 0.6x | 10.8% | 3.7% | 0.8x | 3.1x | -137.3% | 0.0% | 11d |
| FY 2017 | 11.4% | -1.5% | -5.3% | 0.6x | 0.6x | 101.8% | -1.4% | 1.1x | 5.3x | -901.1% | 0.0% | 15d |
| FY 2016 | -8.3% | -56.0% | -55.8% | 0.6x | 0.6x | 329.8% | -43.8% | 1.2x | -3.1x | -1421.4% | 0.0% | 16d |
| FY 2015 | 1.1% | -148.2% | -114.1% | 0.7x | 0.7x | -681.3% | -105.8% | 0.8x | -0.6x | -2149.4% | 0.0% | -1d |
| FY 2014 | 17.0% | 15.0% | 8.3% | 1.3x | 1.3x | 11.3% | 6.3% | 0.3x | 1.2x | -1406.8% | 0.0% | -7d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +176.0% | +374.8% | 0.0% | +353.7% | +354.8% | +268.6% | +22887.5% | -75.7% | +202.8% | 0.0% | +1.4% | -13.1% |
| FY 2024 | -45.7% | -77.4% | 0.0% | -125.6% | -129.5% | -125.0% | -98.5% | +14.9% | -70.6% | 0.0% | +94.0% | +173.9% |
| FY 2023 | -32.1% | -38.2% | 0.0% | -16.9% | -51.0% | -53.0% | -76.1% | -0.3% | +730.0% | 0.0% | -7.1% | -33.8% |
| FY 2022 | +56.7% | +237.0% | 0.0% | +62.6% | -22.0% | -27.9% | +118.6% | -148.0% | -85.6% | 0.0% | +40.5% | +38.7% |
| FY 2021 | +40.1% | +290.3% | 0.0% | +126.7% | +165.0% | +105.4% | +4686.4% | +35.6% | +203.7% | 0.0% | +67.2% | +18.0% |
| FY 2020 | -38.6% | +56.6% | 0.0% | -27974.2% | -3060.4% | -1897.7% | +103.4% | +49.5% | +112.9% | 0.0% | -59.3% | -79.3% |
| FY 2019 | -17.0% | -68.9% | 0.0% | -108.1% | -236.3% | -270.8% | -139.7% | -13.3% | -34.3% | 0.0% | +27.2% | +23.0% |
| FY 2018 | +7.7% | +18.2% | 0.0% | +376.8% | +144.8% | -83.7% | +84.7% | +10.1% | +565.6% | 0.0% | +2.5% | -22.6% |
| FY 2017 | +20.6% | +265.5% | 0.0% | +96.9% | +88.5% | +114.1% | +24.8% | -4.8% | -96.4% | 0.0% | -4.6% | -4.5% |
| FY 2016 | -38.3% | -562.4% | 0.0% | +76.7% | +69.9% | +71.5% | +23.7% | +43.8% | -25.9% | 0.0% | -24.8% | -2.6% |
| FY 2015 | -44.8% | -96.4% | 0.0% | -644.1% | -859.9% | -1262.2% | -53.5% | +43.0% | -76.3% | 0.0% | -57.5% | -7.4% |
| FY 2014 | +21.2% | +30.2% | 0.0% | +68.1% | +164.8% | +164.4% | +33.7% | -230.2% | +451.0% | 0.0% | -2.5% | -10.3% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $20.11B
Oil and Gas$8.48B · 42.1%
Natural Gas Sales$7.43B · 37.0%
Natural Gas, Gathering, Transportation, Marketing and Processing$3.16B · 15.7%
Natural Gas Liquids Sales$724.0M · 3.6%
Oil Sales$319.0M · 1.6%
Latest geography mixFY 2025 · $8.48B
Haynesville$3.48B · 41.0%
Northeast Appalachia$2.86B · 33.7%
Southwest Appalachia$2.14B · 25.2%
Product revenue annual
| Period | Total | Oil and Gas | Marketing Gathering And Compression | Natural Gas, Gathering, Transportation, Marketing and Processing | Natural Gas Sales | Oil And Gas Exploration And Production | Oil and Gas and Marketing | Oil and Gas, Refining and Marketing | Oil, Natural Gas and NGL | Oil Sales | Oilfield Services | Natural Gas Liquids Sales | Manufactured Product, Other | Other Segments |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $20.11B | $8.48B | -- | $3.16B | $7.43B | -- | -- | -- | -- | $319.0M | -- | $724.0M | -- | -- |
| FY 2024 | $7.23B | $2.97B | -- | $1.29B | $2.69B | -- | -- | -- | -- | $69.0M | -- | $214.0M | -- | -- |
| FY 2023 | $9.59B | $3.55B | -- | $2.50B | $2.85B | -- | -- | -- | -- | $596.0M | -- | $98.0M | -- | -- |
| FY 2022 | $24.02B | $9.89B | -- | $4.23B | $7.80B | -- | -- | -- | -- | $1.86B | -- | $225.0M | -- | -- |
| FY 2021 | $6.66B | $4.40B | -- | $2.26B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| FY 2020 | $10.48B | $3.34B | -- | $1.87B | -- | -- | $5.21B | -- | -- | -- | -- | -- | $56.0M | -- |
| FY 2019 | $21.01B | $4.52B | -- | $3.97B | -- | -- | $8.49B | $3.97B | -- | -- | -- | -- | $63.0M | -- |
| FY 2018 | $10.23B | $5.16B | -- | $5.08B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| FY 2016 | $7.87B | -- | $4.58B | -- | -- | -- | -- | -- | $3.29B | -- | -- | -- | -- | -- |
| FY 2015 | $12.76B | -- | $7.37B | -- | -- | $5.39B | -- | -- | -- | -- | -- | -- | -- | -- |
| FY 2014 | $20.98B | -- | $12.22B | -- | -- | $8.18B | -- | -- | -- | -- | $544.0M | -- | -- | $30.0M |
| FY 2013 | $17.51B | -- | $9.56B | -- | -- | $7.05B | -- | -- | -- | -- | $879.0M | -- | -- | $16.0M |
Geography revenue annual
| Period | Total | Haynesville | Northeast Appalachia | Southwest Appalachia |
|---|---|---|---|---|
| FY 2025 | $8.48B | $3.48B | $2.86B | $2.14B |
Transcripts76 on file
Transcripts
Events
Events
Next earnings
2026-08-04EPS est $1.17
Latest news
- Expand Energy: A Value Opportunity Behind The Valuation Discount
Seeking Alpha · 2026-06-17
- Expand Energy: Buying Opportunity With Gas Out Of Favor
Seeking Alpha · 2026-06-16