EXE tops Q4 estimates as production jumps 15% and gas prices surge, boosting revenues, cash flow and 2026 output guidance.
Expand Energy: The Beginning Chapter Of A Turnaround Story
Expand Energy delivered robust Q4 results with $553M net income, $956M operating cash flow, and 15% YoY production growth to 7.4 Bcfe/d. Shares are down 14% from highs due to the CEO's departure and a softer gas strip, but these are seen as temporary, creating a compelling entry point. EXE is positioned to benefit from surging natural gas demand—35–40% growth expected in five years—driven by LNG exports and AI/data center power needs.
Expand Energy Corporation (EXE) Q4 2025 Earnings Call Transcript
The headline numbers for Expand Energy (EXE) give insight into how the company performed in the quarter ended December 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Expand Energy (EXE) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.89 per share. This compares to earnings of $0.55 per share a year ago.
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Get a deeper insight into the potential performance of Expand Energy (EXE) for the quarter ended December 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
EXE gears up for Q4 earnings with higher profit and revenue estimates as efficiency gains help offset natural gas price volatility.
Expand Energy (EXE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Expand Energy Corporation faces a leadership upheaval with the CEO's departure and an interim replacement. EXE's headquarters relocation to Houston appears unnecessary. Note that the company especially has its most profitable operations likely in Pennsylvania. Despite a fivefold corporate expansion under the prior CEO, EXE's stock price has stagnated since its 2022 peak.
Natural gas strip prices for 2026 have gone down around $0.75 since late November/early December. This reduces Expand's projected 2026 free cash flow by approximately $1 billion, although this reduction would have been around $1.5 billion without hedges. Expand is still projected to generate around $2 billion in 2026 free cash flow at $3.35 to $3.40 natural gas.