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Just reported
Q3 2026 results
From Expand Energy's results release of October 27, 2026; its quarterly report has since been filed.
Revenue
Actual
$3.29B
+11% y/y
+11% q/qGuided
—
No guide given
EPS, GAAP
Actual
$2.24
-1.8% y/y
+2.3% q/qGuided
—
No guide given
Operating income, GAAP
Actual
$640M
-12% y/y
-3.2% q/qGuided
—
No guide given
Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.
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The themes Expand Energy is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.
The theme it is part of
Highest-graded in Oil Gas E and P
Graded A or B and worth $2B or more: A first, then the largest.
COPConocoPhillips$162.9BA+
EOGEOG Resources, Inc.$79.7BA+
DVNDevon Energy Corp.$51.2BA+
PRPermian Resources Corporation$18.7BA+
ARAntero Resources Corporation$11.7BA+
Grade rose recently in Energy
Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.
CVXChevron CorpNov 5, 2026CAGraded C, now A
MPCMarathon Petroleum CorporationNov 3, 2026BAGraded B, now A
EEni SpAOct 27, 2026DBGraded D, now B- EOGEOG Resources, Inc.Nov 5, 2026BAGraded B, now A
TRPTC Energy CorporationJul 30, 2026BAGraded B, now A
How it makes money
- Natural gas sales68%
- Natural gas marketing sales25%
- Natural gas liquids sales4%
- Oil sales2%
- Natural gas liquids marketing sales1%
- Oil marketing sales1%
Shares of revenue are estimates for quarter ended 2026-03-31, not figures from a filing.
Competes with
What it sells4
Natural gas
Gas produced from shale wells and sold to energy buyers and intermediaries.
Oil
Crude oil produced from the company's wells and sold under market-linked contracts.
Natural gas liquids
Liquid hydrocarbons produced alongside natural gas and sold to buyers.
Natural gas marketing and logistics
Services that connect gas buyers with physical supply and arrange transportation, storage and other steps needed to move gas to market.
Who buys it3
- Utilities, power plants and manufacturers that buy natural gas through market-linked or longer-term supply contracts.
- Liquefied natural gas exporters and other energy companies that buy gas or arrange for it to reach end markets.
- Gas marketers and intermediaries that buy and resell natural gas, oil or natural gas liquids.
What it stands on, and what could break it
What the business leans on
- 1Revenue depends substantially on market prices for natural gas, oil and natural gas liquids.
- 2The company relies on gathering, processing, storage and pipeline companies to move production to buyers; some contracts require payments if minimum delivery volumes are not met.
- 3Drilling and production depend on permits, access to water, suitable equipment and the ability to manage wastewater.
- 4The marketing business depends on customer relationships, credit arrangements and access to transportation and storage capacity.
What could go wrong
- 1Natural gas, oil and natural gas liquids prices can change sharply; lower prices can reduce sales income and make drilling less economical, while hedging can limit gains when prices rise.
- 2Pipeline or gathering-system capacity limits and transportation interruptions can prevent the company from delivering production or reaching buyers, and minimum-volume contracts can still require payments.
- 3Drilling can be unsuccessful or affected by accidents, water constraints or changing rules; if production falls or reserves are smaller than estimated, the company may not replace reserves or sustain output.
About Expand Energy Corp
Expand Energy drills for and produces natural gas, oil and natural gas liquids from shale fields in Louisiana, Texas, Pennsylvania, West Virginia and Ohio. It sells those products to buyers including utilities, power plants, manufacturers and other energy companies. Since acquiring Twin Eagle in 2026, it also markets natural gas and arranges services such as transportation and storage for customers across the United States and Canada.
- Head office
- Spring, Texas
- Founded
- 2024
- Employees
- approximately 1,600 (December 31, 2025, medium)
- Listed on
- Nasdaq
- Financial year ends
- December 31
Built from Expand Energy Corp’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.
