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Unless the context otherwise requires, references to Expand Energy, the Company, us, we, our and ours in this report are to Expand Energy Corporation together with its subsidiaries. Our principal executive offices are located at 6100 North Western Avenue, Oklahoma City, Oklahoma 73118, and our main telephone number at that location is (405) 848-8000.
$88.13
$0.05 (-0.06%)
EOD Jul 17, 2026
20.38% operating margin is above average. ROIC at 8.53%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 186.3% YoY with margins expanding 39.3pp.
Even for strong businesses, today's 12x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
11.6x earnings, 11.5x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$12.12B
▲ +186.3% YoY
Net Income (TTM)
$1.82B
▲ +354.8% YoY
Op. Margin
20.38%
▲ +39.3pp YoY
ROIC
8.53%
▲ +12.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.84B
▲ +22887.5% YoY
Op. Cash Flow (TTM)
$4.58B
▲ +192.3% YoY
Net Debt
$4.49B
Cash & Equiv.
$616M
5Y CAGR: +7.3%
5Y CAGR: +3.1%
Continue Research
At a P/E of 11.6 and a price-to-free-cash-flow of 11.5, Expand Energy (EXE) trades below a two-stage DCF intrinsic value of about $367.51 per share, so at $88.13 the stock looks undervalued (317.0% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Expand Energy scores 27/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.6%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $367.51 per share for EXE, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $275.63. At today's $88.13, that puts the stock about 317.0% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Expand Energy scores 27 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 20.4% operating margin and a 8.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Expand Energy pays a regular dividend of about $3.18 per share per year (typically in quarterly installments), a yield of roughly 3.6% at the current price. That is a payout ratio of about 42.1% of earnings, so the dividend is well covered. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For EXE's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. EXE currently trades below its estimated intrinsic value and scores 27/100 on quality (lower-quality). It also yields about 3.6%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.