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Expand Energy Corporation (EXE)

Fair Value
EnergyOil & Gas E&PUnited States

Fundamental

82

मूल्य

$84.09

मार्केट कैप

$21.20B

भाग 1 · कंपनी का मूल्य कितना है

अवलोकन

Expand Energy drills and produces natural gas, formed by the 2024 merger of Chesapeake Energy and Southwestern Energy into the largest natural gas producer in the United States. Its wells sit in two shale regions, the Appalachian basin in Pennsylvania, West Virginia and Ohio and the Haynesville basin in Louisiana, and roughly 92% of what it produces is natural gas rather than oil, with small amounts of oil and natural gas liquids alongside it.

यह पैसा कैसे कमाती है

Revenue comes from selling the natural gas, oil and natural gas liquids it extracts at prevailing market prices, which the company partly locks in ahead of time through hedging contracts to smooth out the swings. It has no control over the price it receives the way a branded consumer company would; profitability instead depends on producing at low enough cost per unit that even a weak gas price still leaves a margin, and on growing sales tied to new gas-fired power plants and LNG export terminals.

प्रतिस्पर्धी बढ़त (Moat)

कोई पहचानी गई बढ़त नहीं · कोई नहीं

Natural gas is a commodity: one producer's molecule is interchangeable with another's, and Expand Energy has no ability to charge more than the market price regardless of how large or efficient it is. Being the largest US gas producer gives it scale advantages in cost and infrastructure access, but that lowers costs rather than creating pricing power or locking in customers.

मांग को क्या चलाता है

चक्रीय

Natural gas prices move sharply with weather, how much gas is in storage, and how much demand comes from LNG export terminals and power plants, so revenue can swing significantly between quarters even if the company's own production stays steady. A structurally new driver — gas-fired electricity for data centres and AI computing — is adding demand, but the underlying commodity price remains volatile.

प्रमुख जोखिम

  • Natural gas price volatility — The company states that a sustained period of low natural gas, oil or NGL prices is likely to have a material adverse effect on its financial condition and results of operations.
  • Uncertainty in reserve estimates — Estimated gas and oil reserves are inherently uncertain and often differ from the quantities actually recovered, which can lead to future write-downs or lower-than-expected output from existing wells.
  • Climate and methane regulation — EPA methane rules, potential emissions charges and evolving regulation of LNG exports could raise compliance costs or restrict how and where the company can produce and sell gas.
  • Limits on tax attributes from the merger — The 2024 merger with Southwestern Energy triggered an annual limitation on how much of the company's accumulated tax attributes it can use, reducing a benefit that would otherwise have lowered future cash taxes.

खरीदने के पक्ष में तर्क

Buyers argue that Expand Energy's scale as the largest US gas producer gives it a low-cost position across two premier shale basins, that growing gas demand from LNG exports and new gas-fired power plants for data centres supports prices over time, and that continued debt reduction strengthens the balance sheet through the commodity cycle.

बेचने के पक्ष में तर्क

Sellers fear that natural gas prices are inherently volatile and outside the company's control, that stricter methane and emissions regulation could raise costs, and that a leveraged balance sheet inherited from recent mergers leaves less room to absorb a prolonged period of weak gas prices.

Written by the editors, published on 18 अगस्त 2026

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 18 सितंबर 2026 with claude-haiku-4-5 — shared with all users

P/E: 11.3Score: 72Market cap: $31.19B

EQT is the other giant of Appalachian shale gas, selling the same Marcellus and Utica dry gas into the same pipelines and to the same utility, industrial and LNG-bound buyers.

P/E: 9.6Score: 81Market cap: $10.56B

Antero drills the same southwest Appalachian acreage in West Virginia and Ohio and competes with Expand for pipeline capacity, drilling rigs and leases in that basin.

Comstock Resources, Inc.CRK

Comstock is the other leading operator of the Haynesville and Bossier shales in Louisiana, selling gas to the same Gulf Coast LNG plants and industrial buyers that Expand's Haynesville output targets.

Coterra Energy Inc.CTRA

Coterra's Marcellus operations in northeast Pennsylvania put its gas into the same regional market and pricing hubs as Expand's Northeast Appalachia production.

Range Resources CorporationRRC

Range is a long-established southwest Pennsylvania Marcellus producer competing for the same acreage, midstream capacity and gas buyers in Appalachia.

CNX Resources CorporationCNX

CNX produces Marcellus and Utica gas in Pennsylvania, West Virginia and Ohio, overlapping directly with Expand's Appalachian acreage and customer base.

बैलेंस शीट और तरलता

राजस्व

$14.32B

पिछले 12 महीने (31/3/2026 तक)

शुद्ध आय

$3.23B

पिछले 12 महीने (31/3/2026 तक)

Free Cash Flow

$1.84B

कुल इक्विटी

$18.58B

कुल देनदारियाँ

$9.71B

Current Ratio

1.11

Interest Coverage

18.17

Debt/EBITDA

0.93

Earnings Per Share

राजस्व और शुद्ध आय

Free Cash Flow

आय विवरण

ऐतिहासिक विवरण

समय के साथ मार्जिन

समय के साथ ऋण

ऋण कितना भारी है

वृद्धि तालिका

वृद्धि — राजस्व

Fair Value अनुमान

चक्रीयउचित मूल्यांकित

Fair Value

$109.07

वर्तमान मूल्य

$84.09

Margin of Safety

+22.9%

Fair Value सीमा

$77.49 - $140.65

इस्तेमाल किए गए valuation methods के बीच का फैलाव, कोई सांख्यिकीय रूप से calibrated confidence interval नहीं।

अनुमान विधियाँ

विश्लेषकों का लक्ष्य मूल्य:$125.52
डिस्काउंटेड कैश फ्लो (DCF):इस प्रकार की कंपनी पर लागू नहीं
आय गुणक (P/E):$117.79
Graham वृद्धि फॉर्मूला:इस प्रकार की कंपनी पर लागू नहीं
अर्निंग पावर वैल्यू (EPV):$153.31
उचित P/B:इस प्रकार की कंपनी पर लागू नहीं
लाभांश डिस्काउंट (Gordon):इस प्रकार की कंपनी पर लागू नहीं
P/FFO, परिचालन से प्राप्त निधि:इस प्रकार की कंपनी पर लागू नहीं
मध्य-चक्र आय:$75.34
राजस्व गुणक:इस प्रकार की कंपनी पर लागू नहीं
विश्लेषक सहमति:दृढ़ खरीदें (24B / 6H / 0S)
अंतिम Earnings सरप्राइज़:+14.91%

मूल्यांकन मेट्रिक्स

P/E Ratio

6.26

ROE

9.8%

P/B Ratio

1.03

P/FCF

6.70

Gross Margin

-

ROIC

13.2%

लाभप्रदता Radar

मूल्य सृजन (प्रतिस्पर्धी बढ़त)

ROIC

13.2%

WACC

7.1%

ROIC − WACC

+6.0 pp

ROIC पूंजी की लागत से अधिक है — कंपनी शेयरधारकों के लिए मूल्य सृजित कर रही है।

Fundamental विश्लेषण मानदंड

पास (22)

  • EPS shows upward trend
  • EPS CAGR 6.05%
  • Price CAGR 6.17%
  • ROIC 13.2%
  • P/FCF 6.70
  • P/B Ratio 1.03
  • Debt/Equity ratio
  • Operating Margin 29.8%
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • ROE 14.7%
  • Revenue Growth 5Y 18.3%
  • Analyst Consensus 80% Buy
  • Earnings Surprise avg 5.7%
  • Earnings Quality (OCF/NI) 1.82
  • Net Margin Trend 22.5% vs -18.5%
  • Piotroski F-Score 7/9

फेल (3)

  • CapEx intensity
  • DCF valuation (Overvalued)
  • Share Dilution 53.1%

अनुपलब्ध (3)

  • Gross Margin NaN%
  • Dividend Payout NaN%
  • PEG Ratio (need PE > 0 and growth > 0)

Piotroski F-Score

7/9

मजबूत वित्तीय स्वास्थ्य

score
criteria

Earnings गुणवत्ता

1.82

उच्च गुणवत्ता: earnings नकदी द्वारा समर्थित

शेयर Dilution

53.1%

नए शेयर जारी कर रही है, स्वामित्व को कम कर रही है

संस्थागत होल्डिंग

प्रशासन

कार्यकारी टीम

नामपदआयु
Mr. Michael A. WichterichChairman of the Board, Interim President & CEO57
Mr. Joshua J. VietsExecutive VP & COO47
Ms. Brittany RaifordVice President of IR & Treasurer38
Mr. Christopher W. Lacy J.D.Executive VP, General Counsel & Corporate Secretary47
Mr. Marcel TeunissenExecutive VP & CFO51
Mr. John ChristVP & Chief Information Officer-
Brooke CoeManager of Communications & Media Relations-
Mr. Chris AyresSenior Vice President of Corporate Development & Strategy-
Ms. Toni Parks-PayneVice President of Human Resources & Employee Services-
Mr. Rob BrandenburgVP & Chief Risk Officer-

Audit जोखिम

5

बोर्ड जोखिम

8

मुआवजा जोखिम

3

शेयरधारक अधिकार जोखिम

8

भाग 2 · कीमत और खरीदने का समय

यह हिस्सा यह नहीं बताता कि कंपनी अच्छी है या नहीं: यह तय करने में मदद करता है कि उसे कब खरीदें, जब फंडामेंटल आपको आश्वस्त कर चुके हों। इसमें: तकनीकी विश्लेषण, संभावना, ऐतिहासिक गिरावट, गामा एक्सपोज़र।

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via SEC EDGAR

आय का इतिहास

via SEC EDGAR

Latest News

Recent headlines for EXE, sourced from Markets Gazette.

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Disclaimer

यह प्लेटफ़ॉर्म केवल शैक्षिक उद्देश्यों के लिए है। यह कोई वित्तीय, निवेश, या ट्रेडिंग सलाह नहीं देता। सभी स्कोर, मूल्यांकन, और संकेत सार्वजनिक रूप से उपलब्ध डेटा के स्वचालित विश्लेषण पर आधारित हैं जो अधूरे या गलत हो सकते हैं। निवेश निर्णय लेने से पहले हमेशा अपना शोध करें और एक योग्य वित्तीय सलाहकार से परामर्श लें।

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