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Expand Energy (EXE) has an average rating of buy and mean price target of $126.23, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $91.31, Change: $-1.15, Percent Change: -1.25%
Expand Energy (EXE) has an average rating of buy and mean price target of $126.23, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $92.96, Change: $+0.50, Percent Change: +0.54%
Expand Energy (EXE) has an average rating of buy and mean price target of $126, according to analysts polled by FactSet.
Expand Energy (EXE) has an average rating of buy and mean price target of $126, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $92.32, Change: $+3.80, Percent Change: +4.29%
Expand Energy (EXE) reported Tuesday Q2 earnings showing net production of 7.48 billion cubic feet equivalent per day, up from 7.20 Bcfe/d a year earlier.Natural gas production increased to 6.90 Bcf/d for the quarter ended June 30, up from 6.60 Bcf/d a year earlier, accounting for 92% of total output.Oil production declined to 14,000 barrels per day for the quarter, down from 18,000 b/d for the same quarter last year. Natural gas liquids production held steady at 83,000 b/d.Total production in the Haynesville rose to 3.19 Bcf/d, up from 2.98 Bcf/d in the year-ago quarter, while Northeast Appalachia produced 2.63 Bcf/d, compared with 2.66 Bcf/d a year earlier.Southwest Appalachia increased total production to 1.67 Bcfe/d from 1.56 Bcfe/d a year earlier.Expand Energy operated an average of 12 rigs, drilled 55 wells and turned 48 wells in line during the quarter.The company reaffirmed its 2026 production outlook of 7.4 Bcfe/d to 7.6 Bcfe/d.The company also reaffirmed plans to operate 11-12 rigs in 2026 and invest approximately $2.75 billion to $2.95 billion in capital spending to support development across its portfolio.Expand Energy announced the acquisition of Twin Eagle, which it said will create North America's largest integrated natural gas company and broaden access to demand markets across the continent.
Expand Energy (EXE) reported late Tuesday Q2 adjusted earnings of $1.33 per diluted share, up from $1.10 a year earlier.Analysts polled by FactSet expected $1.14.Revenue for the quarter ended June 30 was $2.96 billion, down from $3.69 billion a year ago.Analysts expected $3.05 billion.
US land drillers kept the active rig count unchanged at 572 over the week, with only minor shifts between oil and gas rigs, RBC Capital Markets said in a Sunday note.RBC said the Baker Hughes (BKR) US land rig count remained at 572. The US oil rig count fell by one to 436, while the gas rig count increased by one to 127, the note said.Oil rigs increased by eight over the month, while gas rigs added two. The Permian Basin lost one rig to 258, representing 59% of Lower 48 oil rigs and 45% of total US land rigs.RBC said Helmerich & Payne (HP) remained the largest Permian driller with 90 rigs, representing 33% of basin activity. Patterson-UTI Energy (PTEN) operated 33 rigs, accounting for 12%, while Nabors Industries (NBR) ran 29 rigs, or 11%.The note said Exxon Mobil (XOM) led Permian operators with 33 rigs, followed by Devon Energy (DVN) with 22 and Occidental Petroleum (OXY) with 20. Private operators accounted for 44% of active rigs, up from 43% a year earlier.RBC said Eagle Ford activity remained unchanged at 47 rigs. Among drilling contractors, Helmerich & Payne led with 17 rigs, representing 33% of the total, followed by Nabors Industries with 12 rigs, or 24%, and Patterson-UTI Energy with seven rigs, or 14%.The note said ConocoPhillips (COP) led operators in the Eagle Ford with seven rigs, followed by EOG Resources (EOG) with six and Crescent Energy (CRGY) with four. Private operators increased their share to 53% from 38% a year earlier.Haynesville added one rig over the week to 56. Among drilling contractors, Helmerich & Payne led with 11 rigs, representing 18% of the total, followed by Independence Contract Drilling with nine rigs, or 15%, and Nabors Industries with eight rigs, or 13%.Apex remained the largest operator in the Haynesville with 14 rigs, while Adamas operated seven and Expand Energy (EXE) ran five. Private operators accounted for 74% of active rigs, compared with 70% a year earlier.RBC said its oilfield services coverage group advanced 1.1% over the week, while West Texas Intermediate crude climbed 7.8% during the same period.The note said Element Technical Services posted the strongest weekly gain at 15.8%, followed by SLB (SLB) at 11.6% and NOV (NOV) at 6.4%.RBC said Halliburton (HAL) declined 5.3%, Atlas Energy Solutions (AESI) dropped 15.0%, and Liberty Energy (LBRT) fell 27.2%. Its oilfield services coverage group has gained 34.1% over the year, compared with an 8.9% increase in the S&P 500 Index.
Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index falling 2.2% and the State Street Energy Select Sector SPDR ETF (XLE) down 1.7%.The Philadelphia Oil Service Sector Index was shedding 1.7%, and the Dow Jones US Utilities Index fell 1.2%.Oil prices fell after President Donald Trump said the US and Iran were in "very deep talks," fueling optimism about the prospects of de-escalation between the two nations, though Trump also said military action could resume if diplomacy fails, according to Axios.Front-month West Texas Intermediate crude oil fell 8% to $82.14 a barrel, and the global benchmark Brent crude contract dropped 9.1% to $88.00 a barrel. Henry Hub natural gas futures shed 4.1% to $2.75 per 1 million BTU.In corporate news, Expand Energy (EXE) has agreed to buy private asset-backed natural gas and power marketer Twin Eagle from Five Point Infrastructure for about $1.25 billion, becoming North America's leading gas marketer. Expand Energy shares were down 1.1%.Ameren (AEE) unit Ameren Missouri said Monday it plans to build the West Alton Energy Center, a 2,100-megawatt combined-cycle natural gas power plant designed to provide baseload electricity, support economic growth and strengthen grid reliability. Ameren shares were shedding 1.4%.TotalEnergies (TTE) has decided to appeal a June 25 ruling by the Paris Judicial Court in a climate-related duty-of-vigilance case, the company said. TotalEnergies shares were down 2.8%.Baker Hughes (BKR) shares jumped past 5% after it posted Q2 adjusted earnings and revenue that topped analysts' expectations.Chevron (CVX) Chief Executive Mike Wirth met with senior US government officials to discuss measures to keep the company's Kazakhstan operations safe from becoming collateral damage in the Ukraine-Russia war, The Wall Street Journal reported Friday. Chevron shares were down 2%.
Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index falling 2.1% and the State Street Energy Select Sector SPDR ETF (XLE) down 1.4%.The Philadelphia Oil Service Sector Index was shedding 1.3%, and the Dow Jones US Utilities Index fell 1.3%.Oil prices fell after President Donald Trump said the US and Iran were in "very deep talks," fueling optimism about the prospects of de-escalation between the two nations, though Trump also said military action could resume if diplomacy fails, according to Axios. Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported.Front-month West Texas Intermediate crude oil fell 7.5% to $82.61 a barrel, and the global benchmark Brent crude contract dropped 8.2% to $88.87 a barrel. Henry Hub natural gas futures shed 3.9% to $2.76 per 1 million BTU.In corporate news, Expand Energy (EXE) has agreed to buy private asset-backed natural gas and power marketer Twin Eagle from Five Point Infrastructure for about $1.25 billion, becoming North America's leading gas marketer. Expand Energy shares were up 0.6%.TotalEnergies (TTE) has decided to appeal a June 25 ruling by the Paris Judicial Court in a climate-related duty-of-vigilance case, the company said. TotalEnergies shares were down 2.7%.Baker Hughes (BKR) shares jumped past 6% after it posted Q2 adjusted earnings and revenue that topped analysts' expectations.
Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index falling 2% and the State Street Energy Select Sector SPDR ETF (XLE) declining 1.5%.The Philadelphia Oil Service Sector Index was shedding 1.3%, and the Dow Jones US Utilities Index was down 1.3%.Oil prices fell after President Donald Trump said the US and Iran were in "very deep talks," fueling optimism about the prospects of de-escalation between the two nations, though Trump also said military action could resume if diplomacy fails, according to Axios. Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported.Front-month West Texas Intermediate crude oil fell 7.3% to $82.76 a barrel, and the global benchmark Brent crude contract dropped 6.2% to $86.01 a barrel. Henry Hub natural gas futures shed 3.6% to $2.77 per 1 million BTU.In corporate news, Expand Energy (EXE) has agreed to buy private asset-backed natural gas and power marketer Twin Eagle from Five Point Infrastructure for about $1.25 billion, becoming North America's leading gas marketer. Expand Energy shares were 0.1% higher.
Expand Energy (EXE) has agreed to acquire private asset-backed natural gas and power marketer Twin Eagle from Five Point Infrastructure for about $1.25 billion, becoming North America's leading gas marketer.Twin Eagle, which was founded in 2010, markets more than 5 billion cubic feet per day of natural gas and manages about 44 billion cubic feet of storage capacity, the companies said in a joint statement Monday. It serves more than 1,000 customers across the US and Canada."This transaction accelerates Expand's evolution into a leading integrated natural gas company with a commercial and marketing advantage compared to peers," Expand Energy interim Chief Executive Michael Wichterich said in a statement. "By combining Expand's scale, resource depth and financial strength with Twin Eagle's marketing and optimization platform, we'll capture additional margin across the natural gas value chain and deliver more durable shareholder returns."On a pro forma basis, Expand Energy expects the combined portfolio to have about 14 billion cubic feet per day of marketed volume. "The acquisition will broaden access to premium demand centers across the US and Canada, reaching approximately 90% of the natural gas market," the companies said.In an emailed client note, Wedbush Securities said the transaction converts Expand Energy's upstream scale advantage into a "downstream commercial moat." Owning asset-backed marketing capabilities, along with the largest US gas supply base, should support more durable margins for the company, Wedbush analyst Michael Piccolo wrote."The more important signal is directional: (Expand Energy) is positioning itself as an integrated producer marketer ahead of accelerating (liquefied natural gas) and data center driven gas demand, a structural theme we would expect peers such as EQT (EQT) and Antero Resources (AR) to be evaluated against as investors reward integrated commercial capability over pure wellhead exposure," Piccolo said.The transaction is initially projected to generate more than $200 million in annual earnings before interest, taxes, depreciation and amortization and deliver synergies of $150 million per year by the end of 2028, Expand Energy said. It expects $750 million of incremental free cash flow per year, representing a 50% increase from its previous target.The deal, which requires approval from regulators, is expected to be completed in the third quarter."Together, with our new partner, we can create additional value in ways neither company could have accomplished on its own," Twin Eagle CEO Jeremy Davis said.Price: $90.98, Change: $-0.55, Percent Change: -0.60%
Expand Energy (EXE) said on Monday it had agreed to acquire natural gas marketing firm Twin Eagle Holdings for $1.25 billion in cash and debt from Five Point Infrastructure.The energy firm said the transaction is expected to close in Q3 2026, subject to regulatory approvals.Expand said it would fund the acquisition using a combination of cash on hand and borrowings under its revolving credit facility.The acquisition is set to expand Expand's downstream marketing capabilities, combining its large-scale natural gas production with Twin Eagle's physical gas marketing, storage and transportation portfolio.Twin Eagle currently markets more than 5 billion cubic feet per day of natural gas, manages about 44 Bcf of storage capacity and controls about 2 Bcf/d of firm transportation capacity. It serves over 1,000 customers across the US and Canada.Following the acquisition, the combined energy firm is projected to market about 14 Bcf/d of natural gas, supported by about 9 Bcf/d of firm transportation capacity and 49 Bcf of storage.Expand said the transaction is projected to be immediately accretive to earnings before interest, taxes, depreciation and amortization, contributing more than $200 million in annual EBITDA initially, while generating about $150 million of annual cost savings by the end of 2028.The company also raised its long-term marketing and commercial strategy target, saying it now expects to generate $750 million of incremental annual free cash flow from the business, up 50% from its previous goal.Expand said the acquisition would extend its reach to about 90% of North America's natural gas market by broadening access to major demand centers across the US and Canada while enhancing its ability to optimize production, transportation and storage assets.Following completion of the transaction, Twin Eagle will operate as a wholly owned subsidiary of Expand.Price: $90.83, Change: $-0.69, Percent Change: -0.75%
Energy stocks were declining pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE) falling 2.5%.The United States Oil Fund (USO) was down 6% and the United States Natural Gas Fund (UNG) was 3.3% lower.Front-month US West Texas Intermediate crude oil was 5.7% lower at $84.25 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 6.1% to $90.90 per barrel, and natural gas futures were down 3% at $2.79 per 1 million British Thermal Units.TotalEnergies (TTE) has decided to appeal a June 25 ruling by the Paris Judicial Court in a climate-related duty-of-vigilance case, the company said. Shares of TotalEnergies were down more than 3% premarket.Baker Hughes (BKR) shares were up more than 3% after the company posted Q2 adjusted earnings and revenue that topped analysts' expectations.Expand Energy (EXE) stock was down more than 1% after the company said it has agreed to acquire Twin Eagle, a private asset-backed natural gas marketing and optimization business, for $1.25 billion in cash from Five Point Infrastructure.
Expand Energy (EXE) said Monday it has agreed to acquire Twin Eagle, a private asset-backed natural gas marketing and optimization business, for $1.25 billion in cash from Five Point Infrastructure.The deal is expected to close in Q3, and is initially expected to contribute over $200 million of projected annual EBITDA and $150 million synergies annually by the end of 2028, the company said.Expand Energy said it plans to fund the acquisition using cash on hand and borrowings from its revolving credit facility.The merger creates value by improving Expand's marketing and commercial strategy, increasing its customer and market reach, and strengthening its finances, the company said.Shares of the company were down 1% in premarket activity Monday.
Shares of US oil and gas producers gained over the past week as renewed tensions between Israel and Iran pushed crude prices higher ahead of the Q2 earnings season, RBC Capital Markets analyst Scott Hanold said in a Thursday note.Oil prices climbed to around $80 per barrel for the US benchmark West Texas Intermediate after US President Donald Trump pledged further action against Iran following renewed military strikes.The renewed geopolitical tensions came as the US Strategic Petroleum Reserve fell for the consecutive week to 316.5 million barrels, while inventories at the Cushing, Oklahoma, delivery hub rose above the 20-million-barrel level considered the minimum for efficient operations.Despite the jump in oil prices, trading activity across energy markets remained subdued, Hanold said.Oil-focused exploration and production companies outperformed their natural gas peers over the past week. Shares of oil-weighted producers rose about 3%, while gas-focused companies slipped 1%.The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) gained 4% as crude prices rose about 10%, while US natural gas benchmark Henry Hub prices fell 4%.Investor attention is now shifting toward the upcoming US exploration and production earnings season, with analysts reporting increased discussions around company strategy and capital allocation after limited interest from generalist investors during much of the second quarter.Among the companies drawing the most attention are Expand Energy (EXE), where investors are awaiting the appointment of a new chief executive and Devon Energy (DVN) over potential asset sales.Other companies include EOG Resources' (EOG) exploration activities in the UAE, Matador Resources' (MTDR) efforts to unlock value from its midstream assets, California Resources' (CRC) strategic initiatives, and EQT's (EQT) growth plans.Analysts said investors are also focused on the potential for mergers and acquisitions, free cash flow allocation and the outlook for US natural gas markets, with EOG, Matador, SM Energy (SM) and EQT emerging as favored names heading into earnings.Price: $168.11, Change: $+1.67, Percent Change: +1.00%
Expand Energy (EXE) has an average rating of Buy and mean price target of $127.15, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Expand Energy (EXE) has an average rating of buy and mean price target of $127.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $87.80, Change: $+0.55, Percent Change: +0.63%
Expand Energy (EXE) has an average rating of buy and mean price target of $127.81, according to analysts polled by FactSet.Price: $85.33, Change: $-3.65, Percent Change: -4.10%
Expand Energy (EXE) has an average rating of buy and mean price target of $127.81, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Expand Energy (EXE) has an average rating of buy and mean price target of $127.81, according to analysts polled by FactSet.
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