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Expand Energy $EXE

Energy · Oil & Gas Exploration & Production · NYSE/NASDAQ

S&P 500 Russell 1000 Texas

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$92.35

-0.57 (-0.61%)

As of Oct 20, 2026, 11:05 AM EDT · cached

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Oct 5, 2026, the first target we tracked for EXE.

Key facts

52-week range (closes): $84.09 – $122.89 Lowest close Sep 30, 2026, highest Dec 3, 2025; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Next earnings: Oct 27, 2026, after the close · EPS forecast $1.28 Nasdaq earnings calendar, as of Oct 20, 2026
Fiscal year ends: December Fiscal 2025 ended Dec 31, 2025, from SEC filings
In the S&P 500 since: Mar 24, 2025, replacing BorgWarner (BWA), Teleflex (TFX), Celanese (CE) and FMC Corporation (FMC) · Market capitalization changes. · All S&P 500 changes
Analyst coverage: 1 open price target from 1 firm: Bernstein Approved targets tracked here; see the analyst section below

Expand Energy (EXE) is trading down at $92.35 (-0.61%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Energy sector.

Analyst price targets on EXE

One firm's current price target on Expand Energy: $127 — 38% above the current $92.3. Each is tracked to its date and scored the same way a member's call is.

Bernstein $86.4 → $127 by Oct 2027 Outperform Oct 5, 2026 via Investing.com · Bernstein's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Expand Energy revenue & net income history (FY2015–FY2025)

RevenueNet incomeNet margin (right axis, %)

Expand Energy annual financial statements
	FY2015Dec 2015	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$12.8B	$7.87B	$10.0B	$10.0B	$8.53B	$5.24B	$11.7B	$8.72B	$4.24B	$12.1B
Growth (year over year)	−44.8%	−38.3%	+27.5%	−0.1%	−14.9%	−38.6%	—	−25.7%	−51.4%	+186.3%
Operating income	−$18.9B	−$4.41B	−$138.0M	$382.0M	−$31.0M	−$8.70B	$3.78B	$3.14B	−$803.0M	$2.47B
Operating margin	−148.2%	−56.0%	−1.4%	3.8%	−0.4%	−166.1%	32.2%	36.0%	−19.0%	20.4%
Net income	−$14.6B	−$4.39B	−$505.0M	$226.0M	−$308.0M	−$9.73B	$4.94B	$2.42B	−$714.0M	$1.82B
Net margin	−114.1%	−55.8%	−5.0%	2.3%	−3.6%	−185.8%	42.0%	27.7%	−16.9%	15.0%
EPS (diluted)	−$22.26	−$6.43	−$0.70	$29.26	−$49.97	−$998.26	$33.36	$16.92	−$4.55	$7.57
Balance sheet
Cash and equivalents	$825.0M	$882.0M	$5.00M	$4.00M	$6.00M	$279.0M	$130.0M	$1.08B	$317.0M	$616.0M
Total assets	$17.3B	$13.0B	$12.4B	$12.7B	$16.2B	$6.58B	$15.5B	$14.4B	$27.9B	$28.3B
Total liabilities	$14.9B	$14.2B	$10.5B	$10.6B	$11.8B	$11.9B	$6.34B	$3.65B	$10.3B	$9.71B
Long-term debt	$10.3B	$9.94B	$9.92B	$7.34B	$9.07B	$0	$3.09B	$2.03B	$5.29B	$5.01B
Shareholders' equity	$2.14B	−$1.33B	−$496.0M	$2.09B	$4.36B	−$5.34B	$9.12B	$10.7B	$17.6B	$18.6B
Cash flow
Operating cash flow	$1.23B	−$204.0M	$475.0M	$1.73B	$1.62B	$1.16B	$4.13B	$2.38B	$1.56B	$4.58B
Capital expenditure	$3.61B	$1.45B	—	—	—	$1.14B	$1.82B	$1.83B	$1.56B	$2.74B
Free cash flow	−$2.38B	−$1.65B	—	—	—	$22.0M	$2.30B	$551.0M	$8.00M	$1.84B
Dividends paid	$118.0M	$0	$0	—	$0	$0	$1.21B	$487.0M	$388.0M	$765.0M
Share buybacks	—	—	—	—	—	$0	$1.07B	$355.0M	$0	$100.0M

RevenueNet incomeNet margin (right axis, %)

Expand Energy quarterly financial statements
	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Income statement
Revenue	$648.0M	—	$2.20B	$3.69B	$2.97B	$3.27B	$4.40B	$2.96B
Growth (year over year)	−57.1%	—	+103.1%	+630.7%	+357.7%	—	+100.2%	−19.8%
Operating income	−$155.0M	—	−$268.0M	$1.27B	$725.0M	$745.0M	$1.53B	$661.0M
Operating margin	−23.9%	—	−12.2%	34.4%	24.4%	22.8%	34.8%	22.3%
Net income	−$114.0M	—	−$249.0M	$968.0M	$547.0M	$553.0M	$1.16B	$522.0M
Net margin	−17.6%	—	−11.3%	26.2%	18.4%	16.9%	26.4%	17.6%
EPS (diluted)	−$0.85	—	−$1.06	$4.02	$2.28	$2.33	$4.81	$2.19
Balance sheet
Cash and equivalents	$1.04B	$317.0M	$349.0M	$731.0M	$613.0M	$616.0M	$2.22B	$663.0M
Total assets	$13.4B	$27.9B	$27.9B	$27.8B	$27.6B	$28.3B	$29.5B	$28.0B
Total liabilities	$3.20B	$10.3B	$10.7B	$9.83B	$9.46B	$9.71B	$9.97B	$8.62B
Long-term debt	$2.02B	$5.29B	$5.24B	$5.12B	$5.01B	$5.01B	$4.13B	$3.69B
Shareholders' equity	$10.2B	$17.6B	$17.2B	$17.9B	$18.1B	$18.6B	$19.5B	$19.4B
Cash flow
Operating cash flow	$422.0M	—	$1.10B	$1.32B	$1.20B	$956.0M	$2.40B	$1.10B
Capital expenditure	$298.0M	—	$563.0M	$657.0M	$775.0M	$741.0M	$707.0M	$753.0M
Free cash flow	$124.0M	—	$533.0M	$665.0M	$426.0M	$215.0M	$1.70B	$343.0M
Dividends paid	$78.0M	—	$142.0M	$137.0M	$349.0M	$137.0M	$141.0M	$138.0M
Share buybacks	$0	—	$0	$99.0M	$1.00M	$0	$66.0M	$514.0M

From Expand Energy's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

Expand Energy vs the Energy sector and the S&P 500

Expand Energy's latest reported figures next to the median of the other 20 S&P 500 Energy companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Expand Energy compared with the median Energy company and the median S&P 500 company
Measure	Expand Energy	Energy (20 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	+186.3%	−0.3%	+7.0%
Net margin, latest fiscal year	15.0%	10.1%	12.9%
Share price change, 1 year	−13.1%	+47.5%	+5.9%

Expand Energy: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Expand Energy included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 19/496, net margin 19/496, 1-year price change 20/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them. The S&P 500 price figure is the middle company's change, not the index's return.

About Expand Energy

Expand Energy Corporation is the largest independent natural gas producer in the U.S., based on net daily production. Headquartered in Spring, Texas, the company operates in the Appalachian Basin of the Marcellus Formation in Pennsylvania and West Virginia, as well as the Haynesville Shale in Northwestern Louisiana.

Source: Wikipedia — Expand Energy