Expand Energy Progresses on Margins, Buybacks as Shares Trade at Discount, RBC Says
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Expand Energy (EXE) is enhancing margins and may increase shareholder returns through stock buybacks, as its shares trade at a significant discount, according to RBC Capital Markets. The company has secured a new LNG offtake agreement, aiming for $0.20 per thousand cubic feet in margin expansion, potentially generating $500 million in free cash flow. Expand Energy is on track to meet its 2026 budget of $2.75-$2.95 billion and production guidance of 7.4-7.6 billion cubic feet per day. RBC maintains an outperform rating with a price target of $145.
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