The strong beat and reaffirmed guidance underscore EXE's scale and cost advantage in natural gas. Watch for any updates on LNG FID and debt reduction pace; the stock likely gaps up on this report.
Price Chart
Executive Summary
Expand Energy (EXE) reported Q1 2026 GAAP EPS of $4.81, crushing the $3.64 consensus by 32%, and total revenues of $4.397B, 44% above the $3.05B estimate. The beat was driven by higher natural gas prices and production growth, with net income of $1.159B and record operating cash flow of $2.402B. Management reaffirmed full-year 2026 production guidance of ~7.5 Bcfe/d and continued debt reduction, signaling strong operational performance.
Key Financial Metrics
Key Facts
- GAAP diluted EPS $4.81 vs consensus $3.64 (beat by 32%)
- Total revenues $4.397B vs consensus $3.05B (beat by 44%)
- Net income $1.159B, vs $0.249B loss in prior year quarter
- Operating cash flow $2.402B, up 119% YoY
- Reaffirmed FY2026 production guidance of ~7.5 Bcfe/d
- Adjusted EBITDAX $1.968B, up from $1.395B in Q1 2025
- Reduced net debt to $2.8B, down from $4.4B at year-end 2025
- Signed 20-year LNG offtake agreement with Delfin FLNG
- Executed $150M in share repurchases YTD through April 24
- Maintained quarterly dividend of $0.575/share
Financial Impact
EPS beat by $1.17 (32%) and revenue beat by $1.347B (44%)
Risk Factors
- Natural gas price volatility could reverse momentum
- LNG project FID risk and execution delays
- Debt reduction may slow if cash flow declines
- Share repurchase pace may moderate after strong YTD buyback
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3283156 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 5d ago | Institutional Cluster | $92.83 | awaiting T+60 | — | $93.67 (+0.90%) |
Oct 19, 2026 7d ago | 8-K | $92.92 | awaiting T+60 | — | $93.67 (+0.81%) |
Oct 13, 2026 12d ago | 8-K | $91.11 | awaiting T+60 | — | $93.67 (+2.81%) |
Oct 6, 2026 19d ago | 8-K | $88.12 | awaiting T+60 | — | $93.67 (+6.30%) |
Jul 30, 2026 12w ago | 8-K | $92.42 $93.23 | ▲ +0.88% | ▼ −1.59% | $93.67 (+1.35%) |
Jul 27, 2026 13w ago | 8-K | $90.51 $92.67 | ▲ +2.39% | ▼ −1.67% | $93.67 (+3.49%) |
Jun 12, 2026 19w ago | Institutional Cluster | $88.78 $98.19 | ▲ +10.60% | ▲ +7.34% | $93.67 (+5.51%) |
Jun 4, 2026 20w ago | Insider Cluster | $92.07 $98.16 | ▲ +6.61% | ▲ +2.61% | $93.67 (+1.74%) |
Jun 4, 2026 20w ago | Insider Cluster | $92.07 $98.16 | ▲ +6.61% | ▲ +2.61% | $93.67 (+1.74%) |
Apr 28, 2026 25w ago | 8-K | $100.99 $91.52 | ▼ −9.38% | ▼ −13.49% | $93.67 (−7.25%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers