Expand Energy Option Alert: Sep 19 $95 Puts Sweep (3) near the Ask: 1378 vs 6 OI; Earnings 2/26 After Close 

Expand Energy Option Alert: Sep 19 $95 Puts Sweep (3) near the Ask: 1378 @ $4.377 vs 6 OI; Earnings 2/26 After Close Ref=$105.105

Expand Energy (NASDAQ:EXE) 株価情報

Expand Energy

Crexendo, Inc.

AMEX

Expand Energy Corp independent natural gas producer in the United States. It is fueling a more affordable, reliable and lower-carbon future. The group focused on developing abundant natural gas, oil, and gas liquids to expand energy access.

Expand Energy Corp

Expand Energy Corporation - Class C Warrants

Expand Energy Corporation - Class A Warrants

Expand Energy Corporation - Class B Warrants

Exelixis Inc

Exeo Entertainment Inc

EXACT ENERGY RES INC by Exact Energy Resources, Inc.

Extendicare Inc

Wall Street is leaning <a href="https://www.benzinga.com/topic/natural-gas">into natural gas</a> while pumping the brakes on oil. 
JPMorgan's latest energy sector update signals a shift in the landscape, driven by growing U.S. gas demand and a looming oil glut in 2025. 
Analyst Arun Jayaram and his team have crunched the numbers, revising forecasts and adjusting ratings accordingly. They&#8217;ve upgraded Range Resources Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) and downgraded Vermilion Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VET#NYSE">VET</a>) as gas stocks catch fire and oil stocks face headwinds.
<h2 class="wp-block-heading">Natural Gas: The New Favorite</h2>
JPMorgan is doubling down on natural gas, citing three major secular tailwinds:
<ol start="1">
<li>LNG Boom – The U.S. is ramping up LNG export capacity, set to increase by 11 Bcf/d by 2030, keeping demand strong.</li>
<li>Electrification Surge – AI-driven power consumption is skyrocketing, with U.S. gas turbine orders up 147% year-over-year.</li>
<li>Coal-to-Gas Shift – More utilities are pivoting to natural gas as a cleaner alternative to coal.</li>
</ol>
With these factors in play, JPMorgan sees long-term natural gas prices above $3.50 per MMBtu, potentially reaching $4.00+ in 2025-2026 to stimulate necessary supply growth. The firm's top picks in the sector remain Antero Resources Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>), EQT Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) and Excelerate Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NYSE">EXE</a>) &#8211; stocks that have yet to fully reflect the bullish gas price outlook.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43168116/goldman-sachs-sees-strong-secular-demand-for-natural-gas-raises-estimates-on-two-industry-players">Goldman Sachs Sees Strong &#8216;Secular Demand&#8217; For Natural Gas, Raises Estimates On Two Industry Players</a>
<h2 class="wp-block-heading">Oil's Not-So-Slick Future</h2>
On the flip side, oil is in for a rougher ride. JPMorgan's commodity team, led by Natasha Kaneva, expects the market to shift from a balanced 2024 to a 1.3 million barrels per day (MMBo/d) surplus in 2025, as non-OPEC+ production surges from Brazil, Guyana and Norway.
Adding to the pressure, OPEC+ is set to bring more barrels back into the market starting in April, just as global demand growth slows. The team forecasts Brent crude prices ending 2025 below $70 per barrel, a bearish signal for oil stocks. As a result, JPMorgan is trimming its EBITDA estimates for oil companies by 2% in 2025 and 10% in 2026, with its oil coverage group seeing a 17% drop in net asset value-based price targets.
<h2 class="wp-block-heading">RRC Up, VET Down</h2>
With this backdrop, JPMorgan has moved Range Resources to Neutral from Underweight, citing a more reasonable valuation and the company's shift toward production growth in 2026. 
Meanwhile, Vermilion Energy gets the downgrade to Underweight, reflecting concerns over valuation and lower-than-expected earnings projections.
<h2 class="wp-block-heading">Takeaway For Investors</h2>
The energy market is at an inflection point, with natural gas equities emerging as the better bet. 
With LNG demand booming, AI-driven power needs soaring and coal-to-gas switching in full swing, gas stocks could still have more room to run.
Meanwhile, oil investors should brace for volatility as the supply glut builds. JPMorgan's positioning? Bullish on gas, cautious on oil and keeping a close watch on the shifting energy tides.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/25/01/42804349/elon-musks-german-election-meddling-natural-gas-price-surge-and-more-this-week-in-economics">Elon Musk&#8217;s German Election &#8216;Meddling,&#8217; Natural Gas Price Surge, And More: This Week In Economics</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Long Ideas

Commodities

Markets

Analyst Ratings

Trading Ideas

Oil Faces Supply Glut While LNG Demand Booms - JPMorgan Upgrades RRC, Sees Gas Prices Rising

Deep-pocketed investors have adopted a bullish approach towards Expand Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in EXE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Expand Energy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 22% bearish. Among these notable options, 2 are puts, totaling $97,515, and 7 are calls, amounting to $583,908.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $125.0 for Expand Energy over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Expand Energy options trades today is 6743.83 with a total volume of 3,492.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Expand Energy's big money trades within a strike price range of $50.0 to $125.0 over the last 30 days.
<h3>Expand Energy Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741806172_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>EXE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$4.6</td>
<td>$3.35</td>
<td>$3.6</td>
<td>$125.00</td>
<td>$162.0K</td>
<td>161</td>
<td align="right">450</td>
</tr>
<tr>
<td>EXE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$4.8</td>
<td>$4.75</td>
<td>$4.75</td>
<td>$105.00</td>
<td>$161.0K</td>
<td>5.4K</td>
<td align="right">691</td>
</tr>
<tr>
<td>EXE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$4.7</td>
<td>$4.4</td>
<td>$4.7</td>
<td>$105.00</td>
<td>$80.8K</td>
<td>5.4K</td>
<td align="right">52</td>
</tr>
<tr>
<td>EXE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$1.49</td>
<td>$1.31</td>
<td>$1.31</td>
<td>$100.00</td>
<td>$67.6K</td>
<td>11.2K</td>
<td align="right">325</td>
</tr>
<tr>
<td>EXE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$10.35</td>
<td>$9.45</td>
<td>$10.35</td>
<td>$95.00</td>
<td>$51.7K</td>
<td>1.3K</td>
<td align="right">50</td>
</tr>
</tbody>
</table>

<h3>About Expand Energy</h3>
Expand Energy Corp independent natural gas producer in the United States. It is fueling a more affordable, reliable and lower-carbon future. The group focused on developing abundant natural gas, oil, and gas liquids to expand energy access.
<h3>Expand Energy's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 1,872,849, the EXE's price is up by 0.79%, now at $101.09. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 56 days.</li>
</ul>
<h3>What The Experts Say On Expand Energy</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $109.25.
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&#x2A; Reflecting concerns, an analyst from Stephens &amp; Co. lowers its rating to Equal-Weight with a new price target of $86. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Expand Energy, targeting a price of $133. 
&#x2A; Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Expand Energy, targeting a price of $101. 
&#x2A; An analyst from Barclays persists with their Equal-Weight rating on Expand Energy, maintaining a target price of $117. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Expand Energy options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

Market Whales and Their Recent Bets on EXE Options

DoorDash Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) shares are trading higher Monday amid the company joining the <a href="https://www.benzinga.com/pressreleases/25/03/n44207026/doordash-tko-group-holdings-williams-sonoma-and-expand-energy-set-to-join-s-p-500-others-to-join-s">S&amp;P 500. </a>
What To Know: After the market close on Friday, S&amp;P Dow Jones Indices announced that DoorDash, TKO Group Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>), Williams-Sonoma Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) and Expand Energy Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>) will join the S&amp;P 500. The changes went into effect before the market open on Monday. 
DoorDash shares jumped as much as 7.5% on the news. The four companies will replace Borgwarner Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>), Teleflex Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFX#NYSE">TFX</a>), Celanese Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) and FMC Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) in the index. 
When companies are added to major indices, they often see an increase in share prices as index funds that track the S&amp;P 500 buy shares of the newly added companies in order to stay aligned with the overall index.
Check This Out: <a href="https://www.benzinga.com/markets/equities/25/03/44212796/palantir-joins-sp-100-after-ai-driven-rally-stock-surges-almost-60-since-trump-victory">Palantir Joins S&amp;P 100 After AI-Driven Rally, Stock Surges Almost 60% Since Trump Victory</a>
<h3 class="wp-block-heading">How To Buy DASH Stock</h3>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in DoorDash's case, it&#8217;s in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
DASH Price Action: <a href="http://benzinga.com/quote/dash">DoorDash shares</a> were up 3.58% at $184.45 at the time of publication Monday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

News

Movers

DASH

DoorDash Stock Is Rising Monday: What's Driving The Action?

Piper Sandler analyst Mark Lear maintains Expand Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>) with a Neutral and raises the price target from $96 to $101.

Price Target

Piper Sandler Maintains Neutral on Expand Energy, Raises Price Target to $101

In the last three months, 18 analysts have published ratings on Expand Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>), offering a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">8</td>
<td align="right">5</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">4</td>
<td align="right">4</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $117.11, a high estimate of $135.00, and a low estimate of $86.00. Marking an increase of 12.44%, the current average surpasses the previous average price target of $104.15. 
<img src="https://www.benzinga.com/files/images/story/2025/1741096870_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Expand Energy among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mike Scialla</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$86.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$117.00</td>
<td>$113.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$133.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>John Freeman</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Strong Buy</td>
<td>$135.00</td>
<td>-</td>
</tr>
<tr>
<td>Neil Mehta</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Buy</td>
<td>$121.00</td>
<td>-</td>
</tr>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$113.00</td>
<td>$94.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Neutral</td>
<td>$96.00</td>
<td>-</td>
</tr>
<tr>
<td>Cameron Bean</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$130.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Paul Diamond</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$105.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Zach Parham</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Overweight</td>
<td>$112.00</td>
<td>-</td>
</tr>
<tr>
<td>Subash Chandra</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$93.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$116.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$133.00</td>
<td>$109.00</td>
</tr>
<tr>
<td>Devin McDermott</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Overweight</td>
<td>$127.00</td>
<td>-</td>
</tr>
<tr>
<td>Nitin Kumar</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Outperform</td>
<td>$128.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$123.00</td>
<td>$94.00</td>
</tr>
<tr>
<td>Paul Diamond</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$115.00</td>
<td>$100.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Expand Energy. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Expand Energy compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Expand Energy's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Expand Energy's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/EXE/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Expand Energy analyst ratings.</a>
<h2>Unveiling the Story Behind Expand Energy</h2>
Expand Energy Corp independent natural gas producer in the United States. It is fueling a more affordable, reliable and lower-carbon future. The group focused on developing abundant natural gas, oil, and gas liquids to expand energy access.
<h3>Key Indicators: Expand Energy's Financial Health</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Expand Energy displayed positive results in 3 months. As of 31 December, 2024, the company achieved a solid revenue growth rate of approximately 10.5%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Expand Energy's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -19.96%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Expand Energy's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -2.88%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Expand Energy's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -1.93%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Expand Energy's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.33.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Expand Energy Through The Eyes Of 18 Analysts

Stephens &amp; Co. analyst Mike Scialla reiterates Expand Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>) with a Equal-Weight and maintains $86 price target.

Reiteration

Stephens & Co. Reiterates Equal-Weight on Expand Energy, Maintains $86 Price Target

WIIM

Expand Energy shares are trading lower. The company reported Q4 financial results.

Earnings

AAON

ABCL

ACEL

ACHC

ACHR

ACIC

ACIW

ADSK

AIRG

ALEX

ALHC

ALKT

ALTM

AMBP

AMPH

AMRC

AMWD

ARGX

ARLO

ARRY

ASTH

AUPH

AVPT

BBWI

BCSF

BECN

BLND

BWMX

CABO

CARS

CCOI

CDXS

CLCO

CLOV

CMBT

CMLS

CMPS

CODI

COLL

CRDF

CRNX

CRON

CSTL

CTKB

CUBE

CVEO

CYTK

DAIO

DCGO

DELL

DUOL

ECVT

EFXT

ERIE

Embraer-Empresa Brasileira De Aeronautica

ESEA

ESTC

EVRG

EXFY

FIGS

FOXF

FTDR

FWONA

FWONK

GBTG

GDEN

GDOT

GDRX

Earnings Scheduled For February 27, 2025

2025 Outlook
<ul>
<li>Increasing expected synergy capture to ~$400 million in 2025, with the total target of $500 million in annual synergies expected to be achieved by year end 2026</li>
<li>Quarterly base dividend of $0.575 per common share to be paid in March 2025, 16th straight quarter paying a dividend</li>
<li>Expected to produce ~7.1 Bcfe/d for ~$2.7 billion of capital and deploy $300 million of incremental capital to create an additional ~300 MMcfe/d of productive capacity in 2026 &nbsp;</li>
</ul>
(1) Definitions of non-GAAP financial measures and reconciliations of each non-GAAP financial measure to the most directly comparable GAAP financial measure are included at the end of this news release.
"The global need for reliable, affordable, lower carbon energy has never been greater. Our strong fourth quarter results and 2025 outlook clearly demonstrate, as the nation's largest gas producer, we are ready to answer the call and expand opportunity for consumers and investors alike," said Nick Dell'Osso, Expand Energy's President and Chief Executive Officer. "The powerful combination of our attractive, market-connected portfolio, peer-leading returns program, and resilient financial foundation is distinctly unique among domestic natural gas producers. Our focus on integration and operational execution continues to deliver, allowing us to capture 80% of our $500 million synergy target in 2025 as we drive to lower our breakeven costs and more efficiently reach markets in need. Importantly, our capital plan positions us to continue our strategy to build productive capacity, positioning the company to efficiently and rapidly respond with production in 2026 should market conditions warrant."

Guidance

Expand Energy Sees FY25 Increasing Expected Synergy Capture To ~$400M In 2025, With The Total Target Of $500M In Annual Synergies Expected To Be Achieved By Year End 2026; Expected To Produce ~7.1 Bcfe/d For ~$2.7B Of Capital And Deploy $300M Of Incremental Capital To Create An Additional ~300 MMcfe/d Of Productive Capacity In 2026

Expand Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>) reported quarterly earnings of $0.55 per share which beat the analyst consensus estimate of $0.48 by 14.58 percent. This is a 58.02 percent decrease over earnings of $1.31 per share from the same period last year. The company reported quarterly sales of $2.00 billion which beat the analyst consensus estimate of $1.94 billion by 3.00 percent. This is a 2.72 percent increase over sales of $1.95 billion the same period last year.

Earnings Beats

Expand Energy Q4 Adj $0.55 Beats $0.48 Estimate, Sales $2.00B Beat $1.94B Estimate

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Core Scientific, Inc. - Class A Common Stock

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Earnings Scheduled For February 26, 2025

UBS analyst Josh Silverstein maintains Expand Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>) with a Buy and raises the price target from $119 to $133.

UBS Maintains Buy on Expand Energy, Raises Price Target to $133

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Baird analyst Joel Beatty initiated coverage on Catalyst Pharmaceuticals, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRX#NASDAQ">CPRX</a>) with an Outperform rating and announced a price target of $28. Catalyst Pharmaceuticals shares closed at $22.62 on Monday. <a href="https://www.benzinga.com/quote/CPRX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst John Freeman initiated coverage on Expand Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>) with a Strong Buy rating and announced a price target of $135. Expand Energy shares closed at $102.87 on Monday. <a href="https://www.benzinga.com/quote/EXE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital analyst John Kim initiated coverage on Terreno Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRNO#NYSE">TRNO</a>) with a Market Perform rating and announced a price target of $71. Terreno Realty shares closed at $65.26 on Monday. <a href="https://www.benzinga.com/quote/TRNO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Andy Chen initiated coverage on Vera Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERA#NASDAQ">VERA</a>) with an Outperform rating and announced a price target of $49. Vera Therapeutics shares closed at $36.54 on Monday. <a href="https://www.benzinga.com/quote/VERA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Andy Chen initiated coverage on Oruka Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORKA#NASDAQ">ORKA</a>) with an Outperform rating and announced a price target of $20. Oruka Therapeutics shares closed at $13.70 on Monday. <a href="https://www.benzinga.com/quote/ORKA/analyst-ratings">See </a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">how other analysts view this stock.</a></li>
</ul>
Considering buying EXE stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="593" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/04091345/image-24-1024x593.png" alt="" class="wp-image-764898" style="width:551px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/04091345/image-24-1024x593.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/04091345/image-24-300x174.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/04091345/image-24-768x445.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/04091345/image-24.png 1110w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Initiation

Pre-Market Outlook

ORKA

TRNO

VERA

This Expand Energy Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday

Raymond James analyst John Freeman initiates coverage on Expand Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>) with a Strong Buy rating and announces Price Target of $135.

Raymond James Initiates Coverage On Expand Energy with Strong Buy Rating, Announces Price Target of $135

Goldman Sachs analyst Neil Mehta downgraded Magnolia Oil &amp; Gas Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGY#NYSE">MGY</a>) and Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), while reinstating coverage on Expand Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>).
MGY: The analyst downgraded the company from Buy to Neutral and cut <a target="_blank" href="https://www.benzinga.com/quote/mgy/analyst-ratings" rel="noreferrer noopener">the price forecast from $27 to $26</a>.
Mehta writes that the bearish outlook reflects the company&#8217;s outperformance relative to peers.
This performance has been driven by effective cost improvement initiatives and a focus on capital efficiencies in 2024, along with its relatively low leverage, adds the analyst.
While he still anticipates strong operational execution, he believes the stock now reflects these advantages.
The analyst estimates MGY to maintain relatively flat production costs over the next two years as the majority of significant operational cost savings were realized through the company&#8217;s early 2024 cost-saving initiative.
OXY: Mehta downgraded the company from Neutral to Sell and cut <a href="https://www.benzinga.com/quote/oxy/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast from $54 to $45</a>.
The bearish outlook reflects the company's pause on capital returns to shareholders until meaningful balance sheet improvements are achieved. Additionally, while asset sales could support deleveraging, further clarity is needed on their scope and impact, adds the analyst.
Given the less attractive risk/reward profile, with an 8% downside compared to 25% upside for oil-focused peers, the analyst sees limited upside potential.
The analyst increased the estimated FCF yield from 10.0% to 11.0%, citing investors&#8217; growing emphasis on capital returns and the company&#8217;s higher leverage.
EXE: Mehta resumed coverage on the company with a Buy rating and price forecast of $121, <a target="_blank" href="https://www.benzinga.com/quote/exe/analyst-ratings" rel="noreferrer noopener">implying an 18% upside from current levels</a>.
The decision follows the merger of Chesapeake Energy (CHK) <a target="_blank" href="https://www.benzinga.com//node/41070109" rel="noreferrer noopener">and </a><a target="_blank" href="https://www.benzinga.com//node/41070109" rel="noreferrer noopener">Southwestern Energy (SWN)</a>.
The analyst writes that Expand Energy&#8217;s emphasis on capital efficiency, disciplined activity, and risk management strengthens confidence in its operational outlook.
While gas production growth from Haynesville is expected to support rising LNG export demand, the company&#8217;s dual-basin presence in Appalachia and Haynesville provides a low-cost core business in Appalachia with expansion potential in Haynesville, reducing basin takeaway constraints, adds the analyst.
Additionally, its flexible operational strategy offers strong long-term exposure to structural improvements in natural gas prices, says the analyst.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/43382627" target="_blank" rel="noreferrer noopener">Chevron Q4 Earnings: Profits Decline Amid Lower Oil Output, Dividend Hike Offers Silver Lining</a></li>
</ul>
Photo: Shutterstock

Equities

Large Cap

Downgrades

Goldman Sachs Forecasts Limited Upside For Occidental & Magnolia: What's Next?

Goldman Sachs analyst Neil Mehta reinstates Expand Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>) with a Buy and announces $121 price target.

Goldman Sachs Reinstates Buy on Expand Energy, Announces $121 Price Target

Barclays analyst Betty Jiang maintains Expand Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>) with a Equal-Weight and raises the price target from $94 to $113.

Barclays Maintains Equal-Weight on Expand Energy, Raises Price Target to $113

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Truist Securities analyst Peter Osterland initiated coverage on Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) with a Hold rating and announced a price target of $96. Albemarle shares closed at $88.78 on Monday. <a href="https://www.benzinga.com/quote/ALB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital analyst Juan Sanabria initiated coverage on Tanger Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKT#NYSE">SKT</a>) with a Market Perform rating and announced a price target of $36. Tanger shares closed at $32.68 on Monday. <a href="https://www.benzinga.com/quote/SKT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities analyst Peter Osterland initiated coverage on Westlake Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) with a Buy rating and announced a price target of $168. Westlake shares closed at $117.57 on Monday. <a href="https://www.benzinga.com/quote/WLK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler analyst Mark Lear initiated coverage on Expand Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>) with a Neutral rating and announced a price target of $96. Expand Energy shares closed at $101.42 on Monday. <a href="https://www.benzinga.com/quote/EXE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group analyst Gavin Clark-Gartner initiated coverage on Mind Medicine (MindMed) Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNMD#NASDAQ">MNMD</a>) with an Outperform rating and announced a price target of $23. Mind Medicine shares closed at $6.90 on Monday. <a href="https://www.benzinga.com/quote/MNMD/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying WLK stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="608" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/28071609/image-220-1024x608.png" alt="" class="wp-image-753404" style="width:484px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/28071609/image-220-1024x608.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/28071609/image-220-300x178.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/28071609/image-220-768x456.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/28071609/image-220.png 1107w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/01/43230206/jim-cramer-is-worried-about-this-consumer-cyclical-stock-7-yield-something-may-be-wrong-here">Jim Cramer Is Worried About This Consumer Cyclical Stock: 7% Yield? &#8216;Something May Be Wrong Here&#8217;</a></li>
</ul>

This Westlake Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday

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