Free Cash Flow UtilizationEXE focused solely on debt reduction and did not execute buybacks this quarter, which may disappoint some investors given the greater than anticipated free cash flow generation.
Hedging StrategyEXE added hedges that are in the money, reducing hedging losses, which might limit potential gains if market conditions improve.
Market PositionEXE trades at a 2025 and 2026 FCF yield below its peers’ average, which might concern investors.