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Expand Energy Gears Up for Q3 Earnings: What's in Store?
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Key Takeaways
Expand Energy is set to report Q3 earnings on Oct. 27, with EPS pegged at $1.28 and revenues at $2.1B.
EXE's gas production is expected to rise 2.2%, aided by drilling efficiencies and improved productivity.
Weaker gas prices, projected to decline 8.9% year over year, could pressure EXE's revenues and margins.
Expand Energy Corporation (EXE - Free Report) is set to release third-quarter 2026 results on Oct. 27. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a profit of $1.28 per share on revenues of $2.1 billion.
Let’s delve into the factors that might have influenced the exploration and production firm’s performance in the September quarter. But it’s worth taking a look at HAL’s previous-quarter performance first.
Highlights of Q2 Earnings & Surprise History
In the last reported quarter, this U.S.-based natural gas producer beat the consensus mark, reflecting strong production and lower operating expenses. Expand Energy reported adjusted earnings per share of $1.33, beating the Zacks Consensus Estimate by 9%. Revenues of $1.8 billion, however, missed the Zacks Consensus of $2 billion due to lower realized prices.
EXE beat the Zacks Consensus Estimate in each of the last four quarters. This is depicted in the graph below:
The Zacks Consensus Estimate for the third-quarter bottom line has been revised 3% downward over the past seven days. The estimated figure indicates a 32% improvement year over year. The Zacks Consensus Estimate for revenues suggests an 11.4% increase from the year-ago period.
Factors to Consider
Expand Energy's substantial natural gas production capacity is likely to have supported its third-quarter performance. The Zacks Consensus Estimate for average daily natural gas production is pegged at 6,870 million cubic feet (MMcf), indicating approximately 2.2% growth from 6,721 MMcf in the year-ago quarter. Strong well productivity in Southwest Appalachia, alongside optimized completions in Haynesville, could have supported volumes.
Expand Energy's ongoing efforts to improve drilling efficiency and lower development costs could have favorably influenced third-quarter earnings. During the second quarter, Southwest Appalachia achieved a record Marcellus drilling efficiency of 2,724 feet per day, approximately 33% above the third-quarter 2025 level. Development costs also declined around 14% from 2024 levels to roughly $730 per foot in 2026. Meanwhile, enhanced Haynesville completions demonstrated 5-10% improvements in six-month cumulative well production. The continuation of these efficiencies into the September quarter could have lowered unit development costs, supported margins and strengthened cash generation.
On a somewhat bearish note, weaker natural gas realizations could have pressured Expand Energy's third-quarter 2026 revenues and profitability, partly offsetting the benefits of sustained production. The Zacks Consensus Estimate for the average natural gas sales price is $2.56 per thousand cubic feet (Mcf), representing a roughly 8.9% decline from the year-ago quarter's reported $2.81 and a 3% decrease from the second-quarter 2026 consensus mark of $2.64. Given the company's significant exposure to natural gas production, weaker realized pricing could have reduced revenue per unit sold and compressed operating margins, although hedging and marketing activities might have provided some protection.
What Does Our Model Say?
The proven Zacks model does not conclusively predict an earnings beat for Expand Energy for the third quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. That’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is -0.08%.
Zacks Rank: EXE currently carries a Zacks Rank #3.
Stocks to Consider
While an earnings beat looks uncertain for Expand Energy, here are some energyfirms that you may want to consider on the basis of our model:
PBF Energy (PBF - Free Report) : It has an Earnings ESP of +0.34% and a Zacks Rank #1.PBF Energy is scheduled to release earnings on Oct. 29.
PBF Energy beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, with the average being 123.4%. Valued at more than $9.8 billion, it has surged 176.6% over the past year.
TechnipFMC plc (FTI - Free Report) : It has an Earnings ESP of +2.67% and a Zacks Rank #2.TechnipFMC is scheduled to release earnings on Oct. 29.
For 2026, TechnipFMC has a projected earnings growth rate of 30.6%. Valued at around $27 billion, it has gained 86.7% in a year.
Chevon (CVX - Free Report) : It has an Earnings ESP of +2.69% and a Zacks Rank #1.Chevron is scheduled to release earnings on Oct. 30.
Chevron beat the Zacks Consensus Estimate for earnings in each of the last four quarters, with the average being 18.7%. Valued at nearly $446 billion, it has gone up 45.8% in a year.
View the Zacks #1 Rank List
Image: Bigstock
Expand Energy Gears Up for Q3 Earnings: What's in Store?
Key Takeaways
Expand Energy Corporation (EXE - Free Report) is set to release third-quarter 2026 results on Oct. 27. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a profit of $1.28 per share on revenues of $2.1 billion.
Let’s delve into the factors that might have influenced the exploration and production firm’s performance in the September quarter. But it’s worth taking a look at HAL’s previous-quarter performance first.
Highlights of Q2 Earnings & Surprise History
In the last reported quarter, this U.S.-based natural gas producer beat the consensus mark, reflecting strong production and lower operating expenses. Expand Energy reported adjusted earnings per share of $1.33, beating the Zacks Consensus Estimate by 9%. Revenues of $1.8 billion, however, missed the Zacks Consensus of $2 billion due to lower realized prices.
EXE beat the Zacks Consensus Estimate in each of the last four quarters. This is depicted in the graph below:
Expand Energy Corporation Price and EPS Surprise
Expand Energy Corporation price-eps-surprise | Expand Energy Corporation Quote
Trend in Estimate Revision
The Zacks Consensus Estimate for the third-quarter bottom line has been revised 3% downward over the past seven days. The estimated figure indicates a 32% improvement year over year. The Zacks Consensus Estimate for revenues suggests an 11.4% increase from the year-ago period.
Factors to Consider
Expand Energy's substantial natural gas production capacity is likely to have supported its third-quarter performance. The Zacks Consensus Estimate for average daily natural gas production is pegged at 6,870 million cubic feet (MMcf), indicating approximately 2.2% growth from 6,721 MMcf in the year-ago quarter. Strong well productivity in Southwest Appalachia, alongside optimized completions in Haynesville, could have supported volumes.
Expand Energy's ongoing efforts to improve drilling efficiency and lower development costs could have favorably influenced third-quarter earnings. During the second quarter, Southwest Appalachia achieved a record Marcellus drilling efficiency of 2,724 feet per day, approximately 33% above the third-quarter 2025 level. Development costs also declined around 14% from 2024 levels to roughly $730 per foot in 2026. Meanwhile, enhanced Haynesville completions demonstrated 5-10% improvements in six-month cumulative well production. The continuation of these efficiencies into the September quarter could have lowered unit development costs, supported margins and strengthened cash generation.
On a somewhat bearish note, weaker natural gas realizations could have pressured Expand Energy's third-quarter 2026 revenues and profitability, partly offsetting the benefits of sustained production. The Zacks Consensus Estimate for the average natural gas sales price is $2.56 per thousand cubic feet (Mcf), representing a roughly 8.9% decline from the year-ago quarter's reported $2.81 and a 3% decrease from the second-quarter 2026 consensus mark of $2.64. Given the company's significant exposure to natural gas production, weaker realized pricing could have reduced revenue per unit sold and compressed operating margins, although hedging and marketing activities might have provided some protection.
What Does Our Model Say?
The proven Zacks model does not conclusively predict an earnings beat for Expand Energy for the third quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. That’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is -0.08%.
Zacks Rank: EXE currently carries a Zacks Rank #3.
Stocks to Consider
While an earnings beat looks uncertain for Expand Energy, here are some energyfirms that you may want to consider on the basis of our model:
PBF Energy (PBF - Free Report) : It has an Earnings ESP of +0.34% and a Zacks Rank #1.PBF Energy is scheduled to release earnings on Oct. 29.
You can see the complete list of today’s Zacks #1 Rank stocks here.
PBF Energy beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, with the average being 123.4%. Valued at more than $9.8 billion, it has surged 176.6% over the past year.
TechnipFMC plc (FTI - Free Report) : It has an Earnings ESP of +2.67% and a Zacks Rank #2.TechnipFMC is scheduled to release earnings on Oct. 29.
For 2026, TechnipFMC has a projected earnings growth rate of 30.6%. Valued at around $27 billion, it has gained 86.7% in a year.
Chevon (CVX - Free Report) : It has an Earnings ESP of +2.69% and a Zacks Rank #1.Chevron is scheduled to release earnings on Oct. 30.
Chevron beat the Zacks Consensus Estimate for earnings in each of the last four quarters, with the average being 18.7%. Valued at nearly $446 billion, it has gone up 45.8% in a year.