Expand Energy Corp (EXE)
Expand Energy Corporation operates as an independent natural gas production company in the United States. The company engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids. It holds interests in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania; the Marcellus and Utica Shales in Ohio and West Virginia; and the Haynesville and Bossier Shales in Louisiana and Texas. Expand Energy Corporation was formerly known as Chesapeake Energy Corporation and changed its name to Expand Energy Corporation in October 2024. The company was founded in 1989 and is based in Spring, Texas.
- Symbol
- EXE
- Exchange
- Nasdaq
- Sector
- Energy
- Industry
- Oil & Gas E&P
- Market cap
- $20.97B
- 52 week range
- 84.99 - 126.62
Valuation
- Share price
- $87.04 (close of 2026-09-23)
- P/E (TTM)
- 7.54x
- Price to book
- 1.08x
- Price to free cash flow
- 7.83x
- Enterprise value
- $24.04B
- Book value per share
- $81.48
Price performance
| Period | Change |
|---|
| 1 day | -0.70% |
| 5 days | -7.63% |
| 1 month | -9.42% |
| 3 months | -1.90% |
| 6 months | -19.14% |
| Year to date | -21.13% |
| 1 year | -13.58% |
| 3 years | +6.05% |
| 5 years | +48.64% |
| All time | +93.46% |
Profitability and growth
- Return on equity
- 9.79%
- Return on invested capital
- 8.72%
- Return on assets
- 6.43%
- Return on capital employed
- 9.73%
- Gross margin
- 21.87%
- Net margin
- 15.00%
- EBITDA margin
- 44.96%
- Revenue growth
- 186.28%
- Net income growth
- 354.76%
- Free cash flow growth
- 22887.50%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 12.77%
- Current ratio
- 0.96x
- Net debt to EBITDA
- 0.46x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $12.12B
- Cost of revenue
- $9.47B
- Gross profit
- $2.65B
- EBITDA
- $5.45B
- Net income
- $1.82B
- Earnings per share
- $7.67
- Shares outstanding
- 237.29M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $12.12B | $2.65B | $1.82B | $7.67 |
| 2024-12-31 | $4.24B | - | $-714.00M | $-4.55 |
| 2023-12-31 | $8.72B | $3.27B | $2.42B | $18.21 |
| 2022-12-31 | $11.74B | $3.92B | $4.94B | $38.71 |
| 2020-12-31 | $5.24B | - | $-9.73B | $-998.26 |
| 2019-12-31 | $8.53B | $284.00M | $-308.00M | $-49.97 |
| 2018-12-31 | $10.03B | $717.00M | $226.00M | $29.26 |
| 2017-12-31 | $10.04B | $195.00M | $-505.00M | $-0.70 |
| 2016-12-31 | $7.87B | - | $-4.39B | $-6.43 |
| 2015-12-31 | $12.76B | - | $-14.57B | $-22.26 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 21.87% | 15.00% | 9.79% | 8.72% |
| 2024-12-31 | - | -16.86% | -4.06% | -2.94% |
| 2023-12-31 | 37.48% | 27.74% | 22.55% | 20.78% |
| 2022-12-31 | 33.40% | 42.03% | 54.10% | 31.05% |
| 2020-12-31 | - | -185.76% | 182.25% | - |
| 2019-12-31 | 3.33% | -3.61% | -7.00% | -0.11% |
| 2018-12-31 | 7.15% | 2.25% | 10.60% | 3.88% |
| 2017-12-31 | 1.94% | -5.03% | -25.99% | -1.16% |
| 2016-12-31 | - | -55.77% | 364.92% | -50.50% |
| 2015-12-31 | - | -114.13% | -607.72% | -117.87% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $616.00M | $5.01B |
| 2024-12-31 | $317.00M | $5.29B |
| 2023-12-31 | $1.08B | $2.03B |
| 2022-12-31 | $130.00M | $3.09B |
| 2020-12-31 | $279.00M | - |
| 2019-12-31 | $6.00M | $9.07B |
| 2018-12-31 | $4.00M | $7.34B |
| 2017-12-31 | $5.00M | $9.92B |
| 2016-12-31 | $882.00M | $9.94B |
| 2015-12-31 | $825.00M | $10.31B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $1.84B | $46.00M |
| 2024-12-31 | $8.00M | $38.00M |
| 2023-12-31 | $551.00M | $33.00M |
| 2022-12-31 | $2.30B | $22.00M |
| 2020-12-31 | $22.00M | $21.00M |
| 2019-12-31 | $1.62B | $30.00M |
| 2018-12-31 | $1.73B | $32.00M |
| 2017-12-31 | $475.00M | $49.00M |
| 2016-12-31 | $-1.65B | $52.00M |
| 2015-12-31 | $-2.38B | $78.00M |
Dividend history
- Most recent payment
- 2026-08-13
- Paid in the last twelve months
- $2.30
| Payment date | Dividend per share |
|---|
| 2026-08-13 | $0.57 |
| 2026-05-14 | $0.57 |
| 2026-03-05 | $0.57 |
| 2025-11-13 | $0.57 |
| 2025-08-14 | $1.47 |
| 2025-05-15 | $0.57 |
| 2025-03-11 | $0.57 |
| 2024-11-14 | $0.57 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
- Consensus EPS estimate
- $1.33
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-28 | Jun/2026 | $1.22 |
| 2026-04-28 | - | - |
| 2026-02-17 | - | - |
| 2025-10-28 | - | - |
| 2025-07-29 | - | - |
| 2025-04-29 | - | - |
| 2025-02-26 | - | - |
| 2024-10-29 | - | - |
Filings and sources
- Company website
- expandenergy.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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