Expand Energy Corp
EXE—
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Expand Energy Corp AI Insights
Informational only. Not investment advice.Snapshot
- EPS growth of 158% TTM vs industry median decline of -14% signals margin expansion despite commodity headwinds[EPS Growth 1Y TTM]
- Negative working capital (-525M) typical of E&P; 88% of assets in PP&E (24.2B) creates high operating leverage[Working Capital]
- P/E of 31.2x vs industry median 12.0x - trading at 2.6x sector multiple despite similar margins[P/E Ratio]
Watch Triggers
- Free Cash Flow TTM: Falls below 1.0B — Would force dividend cut or debt increase; current 1.4B provides thin 400M buffer over dividend
- Net Margin TTM: Drops below 5% — Current 8% already below operating margin 14% due to interest; further compression signals distress
- Debt to Equity: Rises above 0.5x — Current 0.28x is conservative; increase would signal capex funding stress or acquisition
Bull Case
EBITDA of 4.3B TTM (39% margin) with debt/equity of 0.28x provides cushion through commodity cycles; interest coverage 6x
EBITDA TTMDebt to EquityInterest Expense TTM
Trading at 1.5x book value with tangible book of 18.2B (no goodwill) - asset backing provides downside floor
P/B RatioTangible Book ValueBook Value Per Share
Bear Case
P/E of 31x is 2.6x industry median despite commodity exposure; net margin of 8% TTM leaves little room for multiple expansion
P/E RatioNet Margin TTMPS Ratio
Dividend payout of 3.19/share (87% of EPS) unsustainable if commodity prices decline; FCF of 1.4B barely covers
Dividends Paid Per Share TTMEPS TTMFree Cash Flow TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
40%
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Forward Thesis
FCF yield compression likely as capex intensity (24% of revenue TTM) sustains asset base
1-3ymed
- Capex of 2.6B TTM vs 1.4B FCF limits buyback capacity
- PP&E of 24.2B requires ongoing maintenance capital
- Dividend of 3.19/share consumes 87% of EPS
FCF margin 12.9% vs EBITDA margin 39.5%Capex 2.6B vs industry median 460MDebt/equity 0.28x provides some flexibility
Valuation Context
Caveats
Public Strategies Rankings
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EXE Fundamentals
Mining, Quarrying, and Oil and Gas Extraction → Oil and Gas Extraction
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$24.97B | — | ||
$29.42B | — | ||
14 | — | ||
$12.19B | +188.8% | — | |
$7.57 | — | ||
22.7% | +39.2% | — | |
14.9% | +31.8% | — | |
$1.64B | +20450.0% | — | |
10.1% | +15.1% | — | |
Beta 5Y (Monthly) | unknown | — |
EXE Dividend History
20 dividends
2026
$0.575003/05/26$0.5750
2025
$3.190011/13/25$0.5750
08/14/25$1.4650
05/15/25$0.5750
03/11/25$0.5750
2024
$2.300011/14/24$0.5750
08/15/24$0.5750
05/15/24$0.5750
03/06/24$0.5750
2023
$3.620011/15/23$0.5750
08/16/23$0.5750
05/17/23$1.1800
03/06/23$1.2900
2022
$9.587511/14/22$3.1600
08/16/22$2.3200
05/18/22$2.3400
03/04/22$1.7675
2021
$1.125011/23/21$0.4375
08/23/21$0.3438
05/21/21$0.3438
EXE Stock Splits
No stock splits
EXE SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/18/26 | 12/31/25 | Unknown | |
10/28/25 | 09/30/25 | 10-Q | |
07/29/25 | 06/30/25 | 10-Q | |
04/29/25 | 03/31/25 | 10-Q | |
02/26/25 | 12/31/24 | Unknown | |
10/29/24 | 09/30/24 | 10-Q | |
07/29/24 | 06/30/24 | 10-Q | |
04/30/24 | 03/31/24 | 10-Q | |
02/21/24 | 12/31/23 | 10-K | |
10/31/23 | 09/30/23 | 10-Q | |
08/01/23 | 06/30/23 | 10-Q | |
05/02/23 | 03/31/23 | 10-Q | |
02/22/23 | 12/31/22 | 10-K | |
11/01/22 | 09/30/22 | 10-Q | |
08/02/22 | 06/30/22 | 10-Q | |
05/06/22 | 03/31/22 | 10-Q | |
12/31/21 | 12/31/21 | 10-K | |
11/02/21 | 09/30/21 | 10-Q | |
08/10/21 | 06/30/21 | 10-Q | |
03/31/21 | 03/31/21 | 10-Q | |
03/01/21 | 12/31/20 | 10-K | |
11/09/20 | 09/30/20 | 10-Q | |
08/10/20 | 06/30/20 | 10-Q | |
05/11/20 | 03/31/20 | 10-Q | |
02/27/20 | 12/31/19 | 10-K | |
11/05/19 | 09/30/19 | 10-Q | |
08/06/19 | 06/30/19 | 10-Q | |
05/09/19 | 03/31/19 | 10-Q | |
02/27/19 | 12/31/18 | 10-K | |
10/30/18 | 09/30/18 | 10-Q | |
08/01/18 | 06/30/18 | 10-Q | |
05/02/18 | 03/31/18 | 10-Q | |
02/22/18 | 12/31/17 | 10-K | |
11/02/17 | 09/30/17 | 10-Q | |
08/03/17 | 06/30/17 | 10-Q | |
05/04/17 | 03/31/17 | 10-Q | |
03/03/17 | 12/31/16 | 10-K | |
11/03/16 | 09/30/16 | 10-Q | |
08/04/16 | 06/30/16 | 10-Q | |
05/05/16 | 03/31/16 | 10-Q | |
02/25/16 | 12/31/15 | 10-K | |
11/04/15 | 09/30/15 | 10-Q | |
08/05/15 | 06/30/15 | 10-Q | |
05/06/15 | 03/31/15 | 10-Q | |
02/27/15 | 12/31/14 | 10-K | |
11/06/14 | 09/30/14 | 10-Q | |
08/06/14 | 06/30/14 | 10-Q | |
05/07/14 | 03/31/14 | 10-Q | |
02/27/14 | 12/31/13 | 10-K | |
11/06/13 | 09/30/13 | 10-Q | |
08/06/13 | 06/30/13 | 10-Q | |
05/10/13 | 03/31/13 | 10-Q | |
03/01/13 | 12/31/12 | 10-K | |
11/09/12 | 09/30/12 | 10-Q | |
08/09/12 | 06/30/12 | 10-Q | |
05/11/12 | 03/31/12 | 10-Q | |
02/29/12 | 12/31/11 | 10-K | |
11/09/11 | 09/30/11 | 10-Q | |
08/09/11 | 06/30/11 | 10-Q | |
05/10/11 | 03/31/11 | 10-Q | |
03/01/11 | 12/31/10 | 10-K | |
11/09/10 | 09/30/10 | 10-Q | |
08/09/10 | 06/30/10 | 10-Q | |
05/10/10 | 03/31/10 | 10-Q | |
03/01/10 | 12/31/09 | 10-K | |
11/09/09 | 09/30/09 | 10-Q | |
08/10/09 | 06/30/09 | 10-Q | |
05/11/09 | 03/31/09 | 10-Q | |
03/02/09 | 12/31/08 | 10-K | |
11/10/08 | 09/30/08 | 10-Q | |
08/11/08 | 06/30/08 | 11-K | |
05/12/08 | 03/30/08 | Unknown | -- |
02/29/08 | 12/31/07 | 10-K | |
11/09/07 | 09/30/07 | 10-Q | |
08/08/07 | 06/30/07 | 10-Q | |
05/08/07 | 03/30/07 | Unknown | -- |
03/01/07 | 12/31/06 | 10-K | |
11/07/06 | 09/30/06 | 10-Q | |
08/09/06 | 06/30/06 | 10-Q | |
05/10/06 | 03/30/06 | Unknown | -- |
03/14/06 | 12/31/05 | 10-K | |
11/01/05 | 09/30/05 | 8-K | |
08/08/05 | 06/30/05 | 8-K | |
05/10/05 | 03/30/05 | Unknown | -- |
03/09/05 | 12/31/04 | 10-K | |
11/09/04 | 09/30/04 | 10-Q | |
08/09/04 | 06/30/04 | 10-Q | |
05/10/04 | 03/30/04 | Unknown | -- |
03/15/04 | 12/31/03 | 10-K | |
11/12/03 | 09/30/03 | 4 | |
08/14/03 | 06/30/03 | 11-K | |
05/15/03 | 03/30/03 | Unknown | -- |
02/27/03 | 12/31/02 | 10-K | |
11/07/02 | 09/30/02 | 10-Q | |
08/05/02 | 06/30/02 | 4 | |
05/15/02 | 03/30/02 | Unknown | -- |
03/28/02 | 12/31/01 | 10-K | |
10/26/01 | 09/30/01 | 10-Q | |
08/14/01 | 06/30/01 | 10-Q | |
05/15/01 | 03/31/01 | 8-K | |
03/29/01 | 12/31/00 | 10-K | |
11/14/00 | 09/30/00 | 10-Q | |
08/11/00 | 06/30/00 | 8-K | |
05/15/00 | 03/30/00 | Unknown | -- |