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Expand Energy (EXE)
NASDAQ:EXE
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.17Last Year’s EPS
2.02Same Quarter Last Year
Strong Buy
Based on 21 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution (notably a 15% reduction in Haynesville breakevens), meaningful hedging gains ($200M), storage growth (to ~5 Bcf), and a clear strategic pivot to capture downstream margin (targeting $0.20/Mcf uplift ≈ $500M EBITDA). Management also reiterated disciplined capital allocation with continued debt reduction and a flexible production/CapEx plan (~7.5 Bcf/d; ~$2.85B CapEx). Major risks discussed include weather-related downtime, lagging commercial capture of new demand, leadership transition uncertainty, a competitive storage/M&A environment, and a large 2029 bond maturity that prioritizes balance‑sheet repair. On balance, the positive operational and financial achievements and a concrete plan to pursue premium markets outweigh the transitional and market challenges described.Company Guidance
Haynesville Breakeven Reduction & Inventory Improvement
Company achieved a 15% reduction in Haynesville breakevens over the year and added five years of inventory below $3.50 in one year, supporting lower maintenance capital and improved downside protection.
Hedging Gains
Hedging program delivered approximately $200,000,000 in gains during the year, helping offset commodity volatility and protect cash flows.
Storage Build-Out and Volatility Management
Added ~3.5 Bcf of storage in the last quarter, increasing total owned storage to ~5 Bcf (up from 1.5 Bcf), enabling better capture of seasonal/geographic price volatility and generating realized gains on storage transactions.
Haynesville Productivity & Completion Improvements
First‑year cumulative production expectations rose; 20% of 2025 TILs exceeded 1 Bcf per 1,000 ft and management expects that to rise above 30% in 2026 (a >10 percentage point increase), driven by improved completion designs (Gen1→Gen3), increased proppant intensity, in‑house sand sourcing and longer laterals.
Production and CapEx Guidance with Improved Maintenance CapEx
2026 guidance centers on ~7.5 Bcf/d average production (range 7.25–7.75 Bcf/d) with ~$2.85 billion of CapEx to deliver that volume; maintenance CapEx has materially improved versus a year ago (management noted ~$225 million lower to deliver same 7.5 Bcf/d level compared with prior year program).
Large Market Opportunity & Premium-Market Optionality
Management highlighted structural demand growth (management cited 35%–40% increase in natural gas demand over the next five years and ~25 Bcf/d coming online in the U.S., about half from LNG) and increased optionality to reach premium Gulf Coast markets (Gillis/Perryville) improving realizations potential.
Targeted Realization Uplift
Company set a commercial goal to capture an incremental $0.20/Mcf in realizations (targeted over a 3–5 year horizon), which management equates to roughly $500,000,000 of incremental EBITDA if achieved.
Balance Sheet Progress & Shareholder Returns
Management emphasized debt reduction during the year while also returning capital to shareholders via buybacks/dividends; stated priority is to continue de‑leveraging the balance sheet while opportunistically returning capital.
Operational Execution & Cost Reduction Initiatives
Company reported strong operational performance across basins, ongoing D&C cost reduction efforts (tool reliability, AI optimization) and expects further declines in drilling & completion costs driven by efficiency and sourcing improvements.
Strategic Commercial Shift
Announced a tactical shift to increase marketing focus (including moving commercial focus closer to customers with a Houston presence), pursue premium markets, storage use and downstream participation to capture margin beyond the wellhead.
EXE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EXE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $102.75 | $99.52 | -3.14% |
Oct 28, 2025 | $100.51 | $99.93 | -0.58% |
Jul 29, 2025 | $97.39 | $102.13 | +4.87% |
Apr 29, 2025 | $104.79 | $101.31 | -3.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Expand Energy (EXE) report earnings?
Expand Energy (EXE) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Expand Energy (EXE) earnings time?
Expand Energy (EXE) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EXE EPS forecast?
EXE EPS forecast for the fiscal quarter 2026 (Q1) is 3.17.