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Expand Energy (EXE) shares fell 3.1% in afternoon trading Tuesday after Barclays downgraded the stock to equalweight from overweight with a price target of $127 per share.Trading volume stood at nearly 1.3 million shares, compared with a daily average of over 3.5 million.Price: $94.93, Change: $-3.01, Percent Change: -3.07%
Expand Energy (EXE) has an average rating of buy and mean price target of $132.19, according to analysts polled by FactSet.
Stronger Permian gas supply growth could pressure US natural gas prices toward $3 per million British thermal units from its current $3.5/MMBtu outlook, TPH Energy said Thursday.European investors focused heavily on natural gas markets during TPH Energy meetings in London, with discussions centered on near-term supply growth and long-term demand expectations.Investors closely tracked Haynesville production trends, with TPH Energy expecting private operators to drive supply growth in the second half of 2026.Clients also focused on Permian Basin gas production ahead of the Hugh Brinson and Blackcomb pipeline startups planned for the Q4 of 2026, TPH Energy said.TPH Energy estimates that about 1 billion cubic feet per day of gas could remain behind pipe before new projects begin operations, although investor expectations ranged between 1.5 Bcf/d and 2 Bcf/d.The firm said stronger-than-expected Permian supply growth could push its 2027 end-of-season storage estimate above 4.1 trillion cubic feet and lower gas prices toward $3/MMBtu to $3.25/MMBtu.TPH Energy also highlighted growing interest in Northeast gas markets, where regional power demand and long-haul pipeline expansions could increase capacity demand to 10 Bcf/d by 2030.TPH currently models about 3 Bcf/d of Northeast power demand and expects stronger regional demand to improve pricing conditions for producers, including Antero Resources (AR), EQT (EQT), Expand Energy (EXE), and Range Resources (RRC).By 2030, Gulf Coast supply-demand balances could leave the market undersupplied even if Permian output fully utilizes pipeline capacity and Haynesville production continues growing at maximum rates, TPH Energy said.TPH Energy expects Henry Hub gas prices to rise toward $4.5/MMBtu by 2029 to narrow the gap with international prices, while Western Haynesville wells may require $4.25-$4.5/MMBtu returns to support development.Price: $37.77, Change: $-0.21, Percent Change: -0.55%
Expand Energy (EXE) has an average rating of buy and mean price target of $132.19, according to analysts polled by FactSet.
Expand Energy (EXE) has an average rating of overweight and mean price target of $134.19, according to analysts polled by FactSet.
Expand Energy (EXE) is advancing margin-enhancing commercial initiatives and could see increased shareholder returns through stock buybacks, with its shares trading at a "meaningful discount to peers," RBC Capital Markets said in a report emailed Monday.The firm highlighted a new 1.15 million tonnes per annum LNG offtake agreement tied to Delfin FLNG Vessel 1, which pulls forward prior timelines and supports the company's goal of $0.20 per thousand cubic feet equivalent in margin expansion, equivalent to roughly $500 million in free cash flow, according to the report.Expand Energy remains "on track" to meet its 2026 budget of $2.75 billion to $2.95 billion and production guidance of 7.4 billion to 7.6 billion cubic feet equivalent per day, while retaining flexibility to adjust activity levels in response to weak natural gas prices, the report said.The firm cited encouraging early results from Western Haynesville wells and ongoing leadership transition progress, with a CEO expected in H2 of 2026, and said that after about $1.3 billion in Q2 debt repayment, capital returns are likely to increasingly favor buybacks over "variable dividends," according to the report.RBC has an outperform rating on Expand Energy, with a price target of $145.Price: $99.78, Change: $-0.34, Percent Change: -0.34%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target of $119, raised by $8, reflects a combination of relative valuation and DCF model analyses. On a relative basis, we apply a 4.7x multiple of enterprise value to projected 2027 EBITDA, in line with EXE's historical forward average in the short period following the formative merger of CHK and SWN. This approach yields a value of $103 per share. Meanwhile, our DCF model - using free cash flow growth of 7.1% per year for 10 years, 2% thereafter, discounted at a WACC of 5.8% - yields a value of $135 per share. We cut our 2026 EPS estimate by $0.17 to $8.97 and reduce 2027's by $0.43 to $9.48. Although natural gas prices have moderated, we note that EXE took advantage of stronger pricing in Q1 to reduce debt on the balance sheet. As of March 31, it sported a net debt to capital ratio of just 11.5%, considerably better than gas-focused E&P peers averaging 25%. Although natural gas spot prices are weak at the moment, EXE is 70% hedged for the next six months.
Expand Energy (EXE) has an average rating of buy and mean price target of $133.74, according to analysts polled by FactSet.Price: $101.93, Change: $+0.94, Percent Change: +0.93%
Expand Energy (EXE) has an average rating of Buy and mean price target of $133.74, according to analysts polled by FactSet.Price: $101.13, Change: $+0.14, Percent Change: +0.14%
Expand Energy (EXE) has an average rating of buy and mean price target of $134, according to analysts polled by FactSet.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:EXE reported Q1 2026 adjusted EPS of $3.83 vs. $2.02 in the prior year, beating consensus by $0.20. Production of 7.44 bcfe/d rose 10% Y/Y, with realized pricing of $4.96/mcfe up 32% Y/Y in stronger commodity environment. Operating cash flow surged to $2.4B (vs. $1.1B in the prior year), with free cash flow tripling to $1.7B as the company aggressively reduced net debt by 36% to $2.8B and made additional $1.3B in debt redemptions in April. Management reaffirmed 2026 production guidance of 7.5 bcfe/d with a $2.85B capex program and plans to run 11-12 rigs. EXE executed a 20-year LNG offtake agreement with Delfin for 1.15M tonnes annually starting in 2031, extending market reach to global demand centers. Regional pricing improved across all areas, with Northeast Appalachia generating $5.70/Mcf. We believe incremental U.S. LNG demand could improve following long-term damage to Qatar's LNG operations, which supply ~20% of global exports. This situation creates opportunities for Haynesville producers like EXE.
Expand Energy (EXE) reported Q1 adjusted earnings late Tuesday of $3.83 per diluted share, up from $2.02 a year earlier.Analysts polled by FactSet expected $3.61.Revenue in the three months ended March 31 rose to $4.40 billion from $2.20 billion a year earlier.Analysts surveyed by FactSet expected $3.53 billion.
Expand Energy (EXE) has an average rating of buy and mean price target of $134.48, according to analysts polled by FactSet.
Expand Energy (EXE) has an average rating of Buy and mean price target of $135.11, according to analysts polled by FactSet.
Expand Energy (EXE) has an average rating of Buy and mean price target of $135.14, according to analysts polled by FactSet.
Expand Energy (EXE) has an average rating of buy and mean price target of $135.14, according to analysts polled by FactSet.
Expand Energy (EXE) has an average rating of Buy and mean price target of $135.39, according to analysts polled by FactSet.Price: $98.53, Change: $-0.46, Percent Change: -0.46%
Expand Energy (EXE) has an average rating of Buy and mean price target of $135.39, according to analysts polled by FactSet.Price: $98.82, Change: $-0.17, Percent Change: -0.17%
RBC Capital Markets has raised its commodity price outlook due to the potentially long-lasting impact of the conflict between the US and Iran.The analysts said the tightening of supply and demand fundamentals has prompted them to raise their 2026-2028 equilibrium price for Brent/WTI by $10 to $80/$75 and Henry Hub natural gas by $0.25 to $4.00 per million cubic feet."This move reflects ongoing collateral damage in the Gulf region and a rising call on barrels globally from an energy security standpoint," RBC's research note said.It added that share buy-back activities were likely to slow given the recent sharp rise in equities valuations, up by more than 50% in the calendar year so far.In terms of trading ideas, RBC highlighted ConocoPhillips (COP) and EOG Resources (EOG) among large players, California Resources (CRC), Permian Resources (PR) and Chord Energy Group (CHRD) among small to medium and Expand Energy Corp (EXE) in gas.RBC said it had raised its EPS-to-cash flow per share estimates by an average 45% to reflect its revised commodity price expectations with oil players in this basket generally up closer to 55%.In keeping with this, price targets have been raised 27% on average, the note said.
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