Jun. 22 at 5:03 PM
Quick take on
$EXE after crushing Q1 but shares near 52-week low.
Expand leads North America in natural gas volume with ~7.2 Bcf/d from Haynesville (near LNG terminals) and Marcellus
Q1 revenue beat estimates 44%, adjusted earnings by 3.8%
Stock at
$87, down 31% from peak, at 6.5x trailing earnings
$1.69B annual FCF on
$20.8B market cap = 8% yield (double sector avg) + 3.67% dividend
Consensus target
$130 from 25 analysts = 49% upside
Trades at 1.07x book value
Pullback driven by CEO departure in February and gas prices in
$2.80-
$3.40 range
Expanding LNG exports through 2027 back the macro case for low-cost Gulf Coast gas
If gas >
$3.25 and permanent CEO named soon, valuation gap may close quickly
—
Educational tool only. Not financial advice.
