EXE Expand Energy Corporation - Common Stock
NASDAQ · Energy · View on SEC EDGAR ↗ close Oct 6, 2026 10-K/10-Q Jul 28, 2026EXE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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About Expand Energy Corporation - Common Stock Company overview from Wikipedia
Expand Energy Corporation (known as Chesapeake Energy until 2024) is the largest independent natural gas producer in the U.S., based on net daily production. Headquartered in Spring, Texas, the company operates in the Appalachian Basin of the Marcellus Formation in Pennsylvania and West Virginia, as well as the Haynesville Shale in Northwestern Louisiana.
In 2025, the company produced 7,183 MMcfe of natural gas per day. In 2025, 42% of production was from the Haynesville Shale, 36% of production was from Northeast Appalachia, and 22% of production was from Southwest Appalachia. As of December 31, 2025, the company had 25,880 Bcf of proved reserves. It also had interests in 6,600 gross productive wells.
History
The company was founded in 1989 as Chesapeake Energy by Aubrey McClendon and Tom L. Ward with an initial investment of $50,000. McClendon named the company after Chesapeake Bay due to his love of the region. Ward left the company in 2006 to establish SandRidge Energy. In 1993, the company became a public company via an initial public offering, with a valuation of $25 million. Focusing on a strategy of drilling horizontal natural gas wells in unconventional reservoirs, the company built a sizable position in the Golden Trend and Sholem Alechem fields of South-central Oklahoma and in the Giddings field of Southeast Texas. In the mid-1990s, the company unsuccessfully attempted to extend the Austin Chalk play into western and central Louisiana. In 1997, the company wrote down the value of its assets by over $200 million, approximately equal to shareholder's equity at the time, due to low commodity prices and implemented a turnaround plan.
In the early 2000s, after a rise in natural gas prices made it economically feasible, the company focused on unconventional drilling in carbonates, tight sandstone, and shale particularly in the Barnett Shale, Fayetteville Shale, and the Marcellus Formation. In 2008, the company announced its discovery of the Haynesville Shale in East Texas and northwestern Louisiana. In 2009, the company partnered with Orange County Choppers to create the first chopper powered by compressed natural gas.
In April 2011, due to a failed seal assembly in a wellhead, the company lost control of a natural gas well in Bradford County, Pennsylvania that was being fracture stimulated, causing a large spill of salt water and chemicals, such as 2-butoxyethanol and methanol, into the surrounding countryside. After three days, the leak had been stemmed. Maryland announced its intention to sue the company for violation of the Resource Conservation and Recovery Act and the Clean Water Act since fracking fluids from the well blowout wound up in the Chesapeake Bay. In July 2011, the company agreed to a 12-year naming rights partnership with the Oklahoma City Thunder for naming and branding rights of the Paycom Center at a cost of $3 million per year, with annual increases of 3%. In April 2021, the agreement was terminated.
In June 2012, in response to shareholder concerns about corporate governance issues under McClendon's watch, the company appointed Archie W. Dunham as chairman, while Aubrey McClendon remained CEO. In mid-2012, the U.S. Department of Justice (DOJ) began an investigation into whether Encana, Canada's largest natural gas company, "illegally colluded with Chesapeake Energy Corp to lower the price of Michigan exploration lands during a public land auction in May 2010". The antitrust probe ended in 2014 with a letter to Chesapeake by the U.S. Department of Justice. Internal investigations by the companies found no evidence of collusion. In December 2012, the company sold midstream assets for $2.16 billion.
Effective April 2013, Aubrey McClendon was forced to leave the company after revelations that he took a personal stake in wells owned by the company and then used those investments as collateral for up to $1.1 billion in loans from banks that also financed the company, prompting an investigation by the U.S. Securities and Exchange Commission. He was also accused of several conflicts of interest. In May 2013, Robert Douglas Lawler, an executive of Anadarko Petroleum, was named CEO of the company. In September 2013, the company agreed to pay $7.5 million to settle a class action lawsuit by Pennsylvania landowners. In 2013, the company sold 55,000 net acres in the Northern Eagle Ford Shale and 9,600 net acres in the Haynesville Shale to EXCO for aggregate proceeds of $1 billion. In December 2013, the United States Environmental Protection Agency fined a subsidiary of the company $3.2 million, and ordered it to pay an estimated $6.5 million for the restoration of sites that were damaged by the company from unauthorized discharge of material.
In February 2014, the company sold additional midstream assets for $520 million. In June 2014, the state of Michigan filed felony fraud and racketeering charges against the company, alleging that the company canceled hundreds of land leases on false pretenses after it sought to obtain oil and gas rights. Michigan attorney general Bill Schuette claimed that the company "obtained uncompensated land options from these landowners by false pretenses, and prevented competitors from leasing the land". Chesapeake Energy disputed all charges. In 2015, the company settled the lawsuits by agreeing to pay $25 million to the landowners. In December 2014, the company sold a large portion of its oil and gas assets in the Marcellus Formation and Utica Shale to Southwestern Energy for net proceeds of $4.975 billion. The transaction included approximately 413,000 net acres and 1,500 wells in northern West Virginia and southern Pennsylvania. Net production of the sold assets was 57,000 barrels of oil equivalent per day in December 2014.
In September 2015, the company announced layoffs of hundreds of people in Oklahoma City. In November 2015, the company was fined $1.4 million in Pennsylvania for a landslide caused by the company in 2011 that resulted in clogged waterways. By 2015, after the rise in hydraulic fracturing, there were more than 900 earthquakes in Oklahoma, compared to just a single earthquake in 2007. After the 2011 Oklahoma earthquake in Prague, Oklahoma, having suffered home damage and physical injury, a resident sued the company. The Sierra Club also filed a lawsuit against the company and Devon Energy over damages suffered in a magnitude 5.8, 2016 Oklahoma earthquake near Pawnee, which was tied for the largest such shock in the eastern United States in 70 years. A judge dismissed the lawsuit in April 2017.
In March 2016, a DOJ federal grand jury indicted Aubrey McClendon for allegedly rigging the bidding process for land leases between December 2007 and March 2012. McClendon was charged of orchestrating a conspiracy in which two oil and gas companies, not named in the indictment, colluded not to bid against each other for the purchase of land in northwestern Oklahoma. According to the indictment, the companies decided ahead of time who would win bids, with the winner then allocating an interest in the leases to the other company, eliminating open competitive bidding. The DOJ said this was the first case resulting from a continuing federal antitrust investigation into price fixing, bid rigging, and other anti-competitive conduct in the petroleum industry. The next day, McClendon died in a single-occupant single-vehicle crash when he drove his vehicle directly into a concrete bridge embankment in Oklahoma City. The charges were dropped by the DOJ as a result of the death.
In 2017, the company sold assets in the Haynesville shale for $465 million. In December 2017, the company agreed to pay $30 million to Pennsylvania landowners. In January 2018, the company laid off 400 employees. In the first quarter of 2018, the company sold assets in Oklahoma for $500 million. In February 2019, the company acquired Texas oil producer WildHorse Resource Development for $4 billion in cash and stock. In June 2020, the company filed for bankruptcy protection with $7 billion in debt. It emerged from bankruptcy protection in February 2021.
In April 2021, Doug Lawler resigned as CEO of the company and Mike Wichterich, Chair of the Board of Directors, was named interim-CEO. In November 2021, the company acquired Vine Energy, which operated in the Haynesville Shale. In March 2022, the company acquired Chief Oil & Gas for approximately $2.6 billion. The company also sold its assets in the Powder River Basin to Continental Resources for $450 million. In 2023, in three transactions, the company sold all of its assets in the Eagle Ford shale to Ineos, WildFire Energy (a subsidiary of Warburg Pincus and Kayne Anderson), and SilverBow Resources for a total of $3.5 billion.
In January 2024, a class action lawsuit was filed accusing the company, along with seven other US oil and gas producers, of engaging in an anti-competitive business practice in the form of an illegal price fixing scheme to constrain production of shale oil, allegedly leading to drivers in the US paying more for gasoline than they would have in a competitive market. In October 2024, the company acquired Southwestern Energy in a $7.4 billion all-stock deal and was rebranded as Expand Energy. In 2026, the company acquired Twin Eagle Holdings for $1.25 billion.
Political involvement
In 2004, then CEO Aubrey McClendon contributed $450,000 to the campaign of Tom Corbett for attorney general of Pennsylvania. These funds were cited as the reason Corbett won the election, with a narrow margin. When Corbett eventually became governor of Pennsylvania, he was very supportive of the company's fracking activity in Pennsylvania, and Pennsylvania was the only state without a severance tax on drillers, despite the fact that the budget for education was being reduced.
In 2008, then CEO Aubrey McClendon formed American Clean Skies Foundation, a non-profit foundation focused on selling the virtues of natural gas. The foundation was funded by the company and by McClendon. The foundation was criticized for doing nothing but pushing Congress to pass policies that benefited the company and McClendon's business interests.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | EXE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 7.55Y avg ≈1.6 | ≈1.6 | 12.3 | Undervalued | |
| P/S (TTM) | 1.55Y avg ≈2.2 | ≈2.2 | 2.1 | Undervalued | |
| P/B (MRQ) | 1.15Y avg ≈1.3 | ≈1.3 | 1.3 | Undervalued | |
| EV / EBITDA | 4.75Y avg ≈9.3 | ≈9.3 | · | · | |
| Price / FCF (TTM) | 7.75Y avg ≈730.6 | ≈730.6 | · | · | |
| Price / Cash Flow (TTM) | 3.65Y avg ≈6.4 | ≈6.4 | 4.3 | Pricier | |
| EV / Revenue | 2.15Y avg ≈2.7 | ≈2.7 | · | · | |
| EV / FCF | 13.85Y avg ≈899.5 | ≈899.5 | · | · | |
| Price / Tangible Book | 1.15Y avg ≈1.3 | ≈1.3 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | EXE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 26.9%5Y avg ≈17.3% | ≈17.3% | 47.8% | Weak | |
| EBITDA Margin (TTM) | 48.5%5Y avg ≈40.2% | ≈40.2% | 51.8% | Weak | |
| Pretax Margin (TTM) | 26.0%5Y avg ≈16.4% | ≈16.4% | 35.0% | Weak | |
| Net Profit Margin (TTM) | 20.5%5Y avg ≈17.0% | ≈17.0% | 20.7% | Weak | |
| ROA (TTM) | 10.0%5Y avg ≈13.4% | ≈13.4% | 6.3% | In line | |
| ROE (TTM) | 14.9%5Y avg ≈22.4% | ≈22.4% | 11.5% | Weak | |
| ROIC | 8.3%5Y avg ≈15.8% | ≈15.8% | 10.7% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | EXE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.25Y avg ≈0.3 | ≈0.3 | 0.3 | Low debt | |
| Current Ratio (MRQ) | 1.05Y avg ≈1.1 | ≈1.1 | 1.0 | Low liquidity | |
| Quick Ratio | 0.85Y avg ≈0.8 | ≈0.8 | 0.6 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 0.25Y avg ≈0.3 | ≈0.3 | 0.3 | Low debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | EXE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 186.3%5Y avg ≈45.3% | ≈45.3% | · | · | |
| Revenue CAGR 3Y | 1.1%5Y avg ≈3.7% | ≈3.7% | · | · | |
| Revenue CAGR 5Y | 18.3% | · | · | · | |
| EPS YoY | -49.3% | · | · | · | |
| Net Income YoY | -51.0% | · | · | · | |
| EPS CAGR 3Y | -39.0% | · | · | · | |
| Net Income CAGR 3Y | -28.3% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | EXE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.45Y avg ≈0.5 | ≈0.5 | 0.4 | Top tier | |
| Receivables Turnover | 8.65Y avg ≈7.4 | ≈7.4 | · | · | |
| Revenue / Employee | ≈$7.6M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 13, 2026 | $0.58 | USD | ≈4.0% |
| May 14, 2026 | $0.58 | USD | ≈3.3% |
| Mar 5, 2026 | $0.58 | USD | ≈3.0% |
| Nov 13, 2025 | $0.58 | USD | ≈2.7% |
| Aug 14, 2025 | $1.47 | USD | ≈3.4% |
| May 15, 2025 | $0.58 | USD | ≈2.0% |
| Mar 11, 2025 | $0.58 | USD | ≈2.4% |
| Nov 14, 2024 | $0.58 | USD | ≈2.6% |
| Aug 15, 2024 | $0.58 | USD | ≈3.3% |
| May 15, 2024 | $0.72 | USD | ≈4.0% |
| Mar 6, 2024 | $0.58 | USD | ≈3.5% |
| Nov 15, 2023 | $0.58 | USD | ≈4.3% |
| Aug 16, 2023 | $0.58 | USD | ≈7.5% |
| May 17, 2023 | $1.18 | USD | ≈10.2% |
| Mar 6, 2023 | $1.29 | USD | ≈11.5% |
| Nov 14, 2022 | $3.16 | USD | ≈10.1% |
| Aug 16, 2022 | $2.32 | USD | ≈7.4% |
| May 18, 2022 | $2.34 | USD | ≈5.6% |
| Mar 4, 2022 | $1.77 | USD | ≈3.4% |
| Nov 23, 2021 | $0.44 | USD | ≈1.8% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 27, 2026 | $1.33 | $1.16 | 14.9% |
| March 31, 2026 | $3.83 | $3.68 | 4.1% | |
| Dec. 31, 2025 | $2.00 | $1.90 | 5.1% | |
| Sept. 30, 2025 | $0.97 | $0.98 | -1.4% | |
| June 30, 2025 | $1.10 | $1.17 | -5.8% | |
| March 31, 2025 | $2.02 | $1.90 | 6.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.12B | $4.24B | $8.72B | $11.74B | $5.55B | $5.24B | $8.53B | $10.03B | $10.04B | $7.87B | $12.76B | |
| SG&A Expense | $181M | $186M | $127M | $142M | $97M | $267M | $315M | $335M | $333M | $240M | $235M | |
| Operating Expenses | $9.65B | $5.04B | $5.58B | $7.96B | $4.61B | $13.94B | $8.56B | $9.65B | $10.18B | $12.28B | $31.68B | |
| Operating Income | $2.47B | $-803M | $3.14B | $3.78B | $938M | $-8.70B | $-31M | $382M | $-138M | $-4.41B | $-18.92B | |
| Interest Expense | · | · | $104M | $160M | $73M | $331M | $651M | $633M | $601M | $296M | $317M | |
| Other Non-op | $42M | $86M | $79M | $36M | $31M | $-4M | $-32M | $67M | $6M | $19M | $8M | |
| Pretax Income | $2.28B | $-841M | $3.12B | $3.65B | $896M | $-9.77B | $-639M | $218M | $-500M | $-4.59B | $-19.10B | |
| Income Tax | $463M | $-127M | $698M | $-1.28B | $-49M | $-19M | $-331M | $-10M | $2M | $-190M | $-4.46B | |
| Net Income | $1.82B | $-714M | $2.42B | $4.94B | $945M | $-9.73B | $-308M | $226M | $-505M | $-4.39B | $-14.57B | |
| EPS (Basic) | $7.67 | $-4.55 | $18.21 | $38.71 | $9.29 | $-998.26 | $-49.97 | $29.26 | $-0.70 | $-6.43 | $-22.26 | |
| EPS (Diluted) | $7.57 | $-4.55 | $16.92 | $33.36 | $8.12 | $-998.26 | $-49.97 | $29.26 | $-0.70 | $-6.43 | $-22.26 | |
| Shares (Basic) | 237,290,000 | 156,989,000 | 132,840,000 | 125,785,000 | 101,754,000 | 9,773,000 | 8,325,000 | 4,546,000 | 906,000,000 | 764,000,000 | 662,000,000 | |
| Shares (Diluted) | 240,370,000 | 156,989,000 | 142,976,000 | 145,961,000 | 116,341,000 | 9,773,000 | 8,325,000 | 4,546,000 | 906,000,000 | 764,000,000 | 662,000,000 | |
| EBITDA | $5.45B | $926M | $4.67B | $5.53B | $1.86B | · | · | $2.03B | $2.13B | $-3.30B | $-16.69B |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $616M | $317M | $1.08B | $130M | $905M | $279M | $6M | $4M | $5M | $882M | $825M | |
| Receivables | $1.60B | $1.23B | $593M | $1.44B | $1.11B | $746M | $990M | $1.25B | $1.32B | $1.06B | $1.13B | |
| Other Current Assets | $357M | $292M | $226M | $215M | $69M | $64M | $121M | $138M | $171M | $203M | $160M | |
| Current Assets | $2.92B | $2.00B | $2.61B | $2.70B | $2.10B | $1.11B | $1.25B | $1.60B | $1.52B | $2.14B | $2.48B | |
| PP&E (Net) | $24.36B | $24.28B | $10.10B | $11.19B | $8.80B | $5.24B | $14.76B | $10.82B | $10.68B | $10.61B | $14.30B | |
| PP&E (Gross) | $32.59B | $29.64B | $13.77B | $13.62B | $9.71B | $29.04B | $34.75B | $28.69B | $74.33B | $73.31B | $73.57B | |
| Accum. Depreciation | $8.28B | $5.36B | $3.67B | $2.43B | $908M | $23.81B | $20.00B | $17.89B | $63.66B | $62.73B | $59.37B | |
| Other Non-current Assets | $801M | $1.02B | $663M | $185M | $104M | $234M | $186M | $243M | $220M | $277M | $290M | |
| Total Assets | $28.29B | $27.89B | $14.38B | $15.47B | $11.01B | $6.58B | $16.19B | $12.73B | $12.43B | $13.03B | $17.31B | |
| Accounts Payable | $753M | $777M | $425M | $603M | $308M | $346M | $498M | $763M | $654M | $672M | $944M | |
| Accrued Liabilities | $350M | $296M | $211M | $253M | $142M | $104M | $326M | $258M | $216M | $169M | · | |
| Current Liabilities | $2.90B | $3.12B | $1.31B | $2.70B | $2.45B | $3.09B | $2.39B | $2.89B | $2.36B | $3.65B | $3.69B | |
| Capital Leases | $48M | $74M | $15M | $33M | $9M | $2M | $16M | · | · | · | · | |
| Deferred Tax | $37M | $10M | $0 | · | · | · | $10M | · | · | · | $0 | |
| Other Non-current Liabilities | $135M | $121M | $31M | $50M | $15M | $5M | $125M | $219M | $354M | $383M | $409M | |
| Total Liabilities | $9.71B | $10.33B | $3.65B | $6.34B | $5.34B | $11.93B | $11.79B | · | · | · | · | |
| Long-term Debt | $5.01B | $5.68B | $2.03B | $3.00B | $2.28B | $1.93B | $9.46B | $7.72B | $9.97B | $10.44B | $10.69B | |
| Total Debt | $5.01B | $5.68B | $2.03B | $3.09B | $2.28B | · | · | $7.72B | $9.97B | $10.44B | $10.73B | |
| Common Stock | $2M | $2M | $1M | $1M | $1M | $0 | $0 | $9M | $9M | $9M | $7M | |
| Paid-in Capital | $13.75B | $13.69B | $5.75B | $5.72B | $4.84B | $16.94B | $16.97B | $14.38B | $14.44B | $14.49B | $12.40B | |
| Retained Earnings | $4.83B | $3.88B | $4.97B | $3.40B | $825M | $-23.95B | $-14.22B | $-13.91B | $-16.52B | $-17.47B | $-13.20B | |
| Treasury Stock | · | · | · | · | · | $0 | $32M | $31M | $31M | $27M | $33M | |
| AOCI | · | · | · | · | · | $45M | $12M | $-23M | $-57M | $-96M | $-99M | |
| Stockholders' Equity | $18.58B | $17.57B | $10.73B | $9.12B | $5.67B | $-5.34B | $4.36B | $2.09B | $-496M | $-1.33B | $2.14B | |
| Liabilities + Equity | $28.29B | $27.89B | $14.38B | $15.47B | $11.01B | $6.58B | $16.19B | $12.73B | $12.43B | $13.03B | $17.31B | |
| Shares Outstanding | 239,249,874 | 231,769,886 | 130,789,936 | 134,715,094 | 117,917,349 | 9,780,547 | 9,772,793 | 4,568,581 | · | · | · |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2.98B | $1.73B | $1.53B | $1.75B | $919M | $1.10B | $2.26B | $1.74B | $1.70B | $1.11B | $2.23B | |
| Stock-based Comp | $46M | $38M | $33M | $22M | $9M | $21M | $30M | $32M | $49M | $52M | $78M | |
| Deferred Tax | $448M | $-123M | $428M | $-1.33B | $-49M | $-10M | $-305M | $-10M | $11M | $-171M | $-4.43B | |
| Restructuring | $5M | $23M | $5M | $5M | $11M | $44M | $12M | $38M | $0 | $6M | $36M | |
| Other Non-cash | $-1.00B | $320M | $-1.75B | $-1.38B | $-15M | · | · | $-40M | $-1.26B | $3.21B | $18.04B | |
| Operating Cash Flow | $4.58B | $1.56B | $2.38B | $4.12B | $1.81B | $1.16B | $1.62B | $1.73B | $475M | $-204M | $1.23B | |
| CapEx | $2.74B | $1.56B | $1.83B | $1.82B | $669M | $1.14B | · | · | · | $1.45B | $3.61B | |
| Investing Cash Flow | $-2.76B | $-1.90B | $473M | $-3.40B | $-850M | $-992M | $-2.48B | $455M | $-918M | $-660M | $-3.45B | |
| Stock Issued | · | · | $0 | $0 | $0 | $0 | $0 | · | · | · | · | |
| Stock Repurchased | $100M | $0 | $355M | $1.07B | $0 | $0 | · | · | · | · | · | |
| Net Stock Activity | $-100M | $0 | $-355M | $-1.07B | $0 | · | · | · | · | · | · | |
| Dividends Paid | $765M | $388M | $487M | $1.21B | $119M | $0 | $0 | · | $0 | $0 | $118M | |
| Financing Cash Flow | $-1.51B | $-419M | $-1.89B | $-1.45B | $-171M | $101M | $859M | $-2.19B | $-434M | $921M | $-1.07B | |
| Net Change in Cash | $301M | $-758M | $961M | $-722M | $788M | $273M | $2M | $-1M | $-877M | $57M | $-3.28B | |
| Taxes Paid | $66M | $-3M | $132M | $193M | $-9M | $0 | $-6M | $-3M | $-16M | $-27M | $44M | |
| Free Cash Flow | $1.84B | $8M | $551M | $2.30B | · | · | · | · | · | $-1.65B | $-2.37B | |
| Levered FCF | · | · | $470M | $2.09B | · | · | · | · | · | $-1.93B | $-2.61B |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 20.4% | -19.0% | 36.0% | 32.2% | 16.9% | · | · | 8.6% | 12.0% | -56.0% | -148.2% | |
| Net Margin | 15.0% | -16.9% | 27.7% | 42.0% | 17.0% | · | · | 8.5% | 10.0% | -55.9% | -115.1% | |
| Pretax Margin | 18.8% | -19.9% | 35.7% | 31.1% | 16.2% | · | · | 8.5% | 10.1% | -58.3% | -149.6% | |
| EBITDA Margin | 45.0% | 21.9% | 53.5% | 47.1% | 33.5% | · | · | 19.8% | 22.5% | -42.0% | -130.8% | |
| ROA | 6.5% | -3.4% | 16.2% | 37.3% | 10.6% | · | · | 7.5% | 7.5% | -29.0% | -50.6% | |
| ROE | 10.0% | -5.1% | 23.0% | 63.8% | 20.4% | · | · | -1148.7% | -103.9% | -1298.2% | -154.2% | |
| ROIC | 8.3% | -2.9% | 19.1% | 41.8% | 12.4% | · | · | 11.1% | 12.0% | -47.1% | -112.6% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 0.6 | 2.0 | 1.0 | 0.9 | · | · | 0.6 | 0.6 | 0.6 | 0.7 | |
| Quick Ratio | 0.8 | 0.5 | 1.3 | 0.6 | 0.8 | · | · | 0.4 | 0.6 | 0.5 | 0.5 | |
| Debt / Equity | 0.3 | 0.3 | 0.2 | 0.3 | 0.4 | · | · | 22.4 | -20.1 | -7.2 | 5.0 | |
| LT Debt / Equity | 0.3 | 0.3 | 0.2 | 0.3 | 0.4 | · | · | 21.3 | -20.0 | -6.8 | 4.8 | |
| Interest Coverage | · | · | 30.2 | 23.6 | 12.8 | · | · | 1.8 | 2.7 | -14.9 | -59.7 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.2 | 0.6 | 0.9 | 0.6 | · | · | 0.9 | 0.7 | 0.5 | 0.4 | |
| Receivables Turnover | 8.6 | 4.7 | 8.6 | 9.2 | 6.0 | · | · | 8.0 | 8.0 | 7.2 | 7.6 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $77.65 | $75.79 | $82.03 | $67.73 | $48.09 | · | · | · | · | · | · | |
| Revenue / Share | $50.44 | $26.98 | $61.00 | $80.45 | $47.70 | · | · | $11.26 | $10.48 | $10.30 | $19.28 | |
| Cash Flow / Share | $19.03 | $9.97 | $16.65 | $28.26 | $15.55 | · | · | $2.20 | $0.82 | $-0.27 | $1.86 | |
| Cash / Share | $2.57 | $1.37 | $8.25 | $0.96 | $7.67 | · | · | · | · | · | · | |
| Dividend / Share | · | · | · | · | · | · | · | · | $0.00 | $0.00 | $0.09 | |
| EPS (TTM) | $7.57 | $-4.55 | $16.92 | $33.36 | $8.12 | $-998.26 | $-49.97 | $29.26 | $-0.70 | $-6.43 | $-22.26 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 186.3% | -51.4% | -25.7% | 111.6% | 5.9% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 1.1% | -8.6% | 18.5% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 18.3% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | -49.3% | 310.8% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -39.0% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | -51.0% | 422.3% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -28.3% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $12.12B | $4.24B | $8.72B | $11.74B | $5.55B | $5.24B | $8.53B | $10.03B | $10.04B | $7.87B | $12.76B | |
| Net Income TTM | $1.82B | $-714M | $2.42B | $4.94B | $945M | $-9.73B | $-308M | $226M | $-505M | $-4.39B | $-14.57B | |
| Market Cap | $26.40B | $23.07B | $10.06B | $12.71B | $7.61B | · | · | · | · | · | · | |
| Enterprise Value | $30.80B | $28.44B | $11.01B | $15.68B | $8.98B | · | · | · | · | · | · | |
| P/E | 14.6 | -21.9 | 4.5 | 2.8 | 7.9 | · | · | · | · | · | · | |
| P/S | 2.2 | 5.4 | 1.2 | 1.1 | 1.4 | · | · | · | · | · | · | |
| P/B | 1.4 | 1.3 | 0.9 | 1.4 | 1.3 | · | · | · | · | · | · | |
| P / Tangible Book | 1.4 | 1.3 | 0.9 | 1.4 | 1.3 | · | · | · | · | · | · | |
| P / Cash Flow | 5.8 | 14.7 | 4.2 | 3.1 | 4.2 | · | · | · | · | · | · | |
| P / FCF | 14.4 | 2884.1 | 18.3 | 5.5 | · | · | · | · | · | · | · | |
| EV / EBITDA | 5.6 | 30.7 | 2.4 | 2.8 | 4.8 | · | · | · | · | · | · | |
| EV / FCF | 16.7 | 3554.5 | 20.0 | 6.8 | · | · | · | · | · | · | · | |
| EV / Revenue | 2.5 | 6.7 | 1.3 | 1.3 | 1.6 | · | · | · | · | · | · | |
| Dividend Yield | 2.9% | 1.7% | 4.8% | 9.5% | 1.6% | · | · | · | · | · | · | |
| Earnings Yield | 6.9% | -4.6% | 22.0% | 35.4% | 12.6% | · | · | · | · | · | · | |
| Payout Ratio | 42.1% | -54.3% | 20.1% | 24.6% | 12.6% | · | · | · | 0.00% | 0.00% | -0.80% | |
| Annual Payout | $765M | $388M | $487M | $1.21B | $119M | $0 | $0 | · | $0 | $0 | $118M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.96B | $4.40B | $3.27B | $2.97B | $3.69B | $2.20B | $2.00B | $648M | $505M | $1.08B | $1.95B | $1.51B | $1.89B | $3.37B | $4.13B | $3.16B | |
| SG&A Expense | $50M | $63M | $49M | $45M | $40M | $47M | $53M | $39M | $47M | $47M | $32M | $29M | $31M | $35M | $40M | $40M | |
| Operating Expenses | $2.30B | $2.87B | $2.53B | $2.24B | $2.42B | $2.46B | $2.39B | $803M | $799M | $1.05B | $1.22B | $1.43B | $1.37B | $1.55B | $1.90B | $2.16B | |
| Operating Income | $661M | $1.53B | $745M | $725M | $1.27B | $-268M | $-386M | $-155M | $-294M | $32M | $726M | $79M | $517M | $1.82B | $2.23B | $1.00B | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $19M | · | $23M | $22M | $37M | · | $52M | |
| Other Non-op | $17M | $17M | $1M | $17M | $16M | $8M | $28M | $17M | $21M | $20M | $31M | $15M | $23M | $10M | $7M | $4M | |
| Pretax Income | $672M | $1.49B | $687M | $686M | $1.23B | $-319M | $-421M | $-158M | $-295M | $33M | $735M | $71M | $518M | $1.79B | $2.19B | $957M | |
| Income Tax | $150M | $330M | $134M | $139M | $260M | $-70M | $-22M | $-44M | $-68M | $7M | $166M | $1M | $127M | $404M | $-1.39B | $74M | |
| Net Income | $522M | $1.16B | $553M | $547M | $968M | $-249M | $-399M | $-114M | $-227M | $26M | $569M | $70M | $391M | $1.39B | $3.58B | $883M | |
| EPS (Basic) | $2.19 | $4.83 | $2.36 | $2.30 | $4.07 | $-1.06 | $-2.17 | $-0.85 | $-1.73 | $0.20 | $4.44 | $0.53 | $2.93 | $10.31 | $27.99 | $7.29 | |
| EPS (Diluted) | $2.19 | $4.81 | $2.33 | $2.28 | $4.02 | $-1.06 | $-2.15 | $-0.85 | $-1.73 | $0.18 | $4.10 | $0.49 | $2.73 | $9.60 | $25.29 | $6.12 | |
| Shares (Basic) | 238,224,000 | 239,900,000 | · | 238,221,000 | 237,973,000 | 234,434,000 | · | 133,794,000 | 131,168,000 | 130,893,000 | · | 132,153,000 | 133,514,000 | 134,742,000 | · | 121,150,000 | |
| Shares (Diluted) | 238,357,000 | 240,759,000 | · | 239,893,000 | 240,560,000 | 234,434,000 | · | 133,794,000 | 131,168,000 | 141,752,000 | · | 142,348,000 | 143,267,000 | 144,731,000 | · | 144,390,000 | |
| EBITDA | $1.38B | $2.24B | · | $1.47B | $2.04B | $443M | · | $180M | $54M | $431M | · | $461M | $893M | $2.21B | · | $1.45B |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $663M | $2.22B | $616M | $613M | $731M | $349M | $317M | $1.04B | $1.02B | $1.18B | $1.08B | $713M | $903M | $130M | $130M | $74M | |
| Receivables | $1.10B | $1.29B | $1.60B | $1.03B | $1.07B | $1.36B | $1.23B | $261M | $350M | $314M | · | $685M | $671M | $864M | · | $1.76B | |
| Other Current Assets | $378M | $363M | $357M | $367M | $346M | $325M | $292M | $217M | $207M | $218M | · | $163M | $157M | $242M | · | $168M | |
| Current Assets | $2.84B | $4.39B | $2.92B | $2.24B | $2.27B | $2.11B | $2.00B | $1.80B | $2.01B | $2.38B | · | $2.52B | $2.22B | $2.63B | · | $2.06B | |
| PP&E (Net) | $24.45B | $24.32B | $24.36B | $24.24B | $24.17B | $24.26B | $24.28B | $9.95B | $10.00B | $10.06B | · | $10.11B | $10.65B | $10.52B | · | $11.95B | |
| PP&E (Gross) | $34.14B | $33.29B | $32.59B | $31.80B | $31.00B | $30.33B | $29.64B | $14.70B | $14.42B | $14.12B | · | $13.40B | $13.70B | $13.29B | · | $14.13B | |
| Accum. Depreciation | $9.69B | $8.98B | $8.28B | $7.56B | $6.83B | $6.07B | $5.36B | $4.74B | $4.41B | $4.07B | · | $3.30B | $3.05B | $2.77B | · | $2.18B | |
| Other Non-current Assets | $625M | $692M | $801M | $846M | $854M | $933M | $1.02B | $588M | $577M | $611M | · | $565M | $526M | $344M | · | $76M | |
| Total Assets | $28.03B | $29.52B | $28.29B | $27.61B | $27.77B | $27.93B | $27.89B | $13.39B | $13.61B | $14.02B | · | $14.25B | $14.43B | $14.59B | · | $14.09B | |
| Accounts Payable | $942M | $881M | $753M | $830M | $747M | $654M | $777M | $264M | $274M | $317M | · | $540M | $642M | $631M | · | $539M | |
| Accrued Liabilities | $377M | $332M | $350M | $367M | $401M | $466M | $296M | $132M | $140M | $153M | · | $194M | $243M | $250M | · | $324M | |
| Current Liabilities | $2.96B | $3.95B | $2.90B | $2.77B | $2.92B | $3.59B | $3.12B | $899M | $931M | $1.02B | · | $1.61B | $1.65B | $1.90B | · | $4.24B | |
| Capital Leases | · | · | $48M | · | · | · | $74M | · | · | · | · | · | · | · | · | · | |
| Deferred Tax | · | · | $37M | · | · | · | $10M | · | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $412M | $278M | $135M | $101M | $104M | $117M | $121M | $17M | $19M | $21M | · | $21M | $40M | $49M | · | $18M | |
| Total Liabilities | $8.62B | $9.97B | $9.71B | $9.46B | $9.83B | $10.74B | $10.33B | $3.20B | $3.24B | $3.34B | · | $3.98B | $4.03B | $4.31B | · | $7.74B | |
| Long-term Debt | · | $5.01B | $5.01B | $5.01B | $5.12B | $5.24B | $5.68B | · | · | · | · | · | · | · | · | · | |
| Total Debt | $3.69B | $5.01B | · | $5.01B | $5.12B | $5.24B | · | $2.02B | $2.02B | $2.02B | · | $2.03B | $2.04B | $2.04B | · | $2.72B | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | · | $1M | $1M | $1M | · | $1M | |
| Paid-in Capital | $13.77B | $13.76B | $13.75B | $13.73B | $13.72B | $13.70B | $13.69B | $5.78B | $5.77B | $5.76B | · | $5.74B | $5.73B | $5.73B | · | $5.63B | |
| Retained Earnings | $5.63B | $5.79B | $4.83B | $4.42B | $4.22B | $3.49B | $3.88B | $4.41B | $4.60B | $4.92B | · | $4.53B | $4.67B | $4.55B | · | $719M | |
| Stockholders' Equity | $19.41B | $19.55B | $18.58B | $18.15B | $17.94B | $17.19B | $17.57B | $10.19B | $10.37B | $10.68B | $10.73B | $10.27B | $10.40B | $10.28B | $9.12B | $6.35B | |
| Liabilities + Equity | $28.03B | $29.52B | $28.29B | $27.61B | $27.77B | $27.93B | $27.89B | $13.39B | $13.61B | $14.02B | · | $14.25B | $14.43B | $14.59B | · | $14.09B | |
| Shares Outstanding | 234,349,727 | 240,085,572 | 239,249,874 | 238,150,070 | 237,437,223 | 237,476,127 | 231,769,886 | 135,107,576 | 131,252,107 | 130,958,675 | 130,789,936 | 131,182,918 | 132,684,741 | 134,019,253 | 134,715,094 | 121,334,663 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $722M | $711M | $759M | $741M | $769M | $711M | $647M | $335M | $348M | $399M | $379M | $382M | $376M | $390M | $453M | $440M | |
| Stock-based Comp | $12M | $10M | $12M | $12M | $13M | $9M | $9M | $10M | $10M | $9M | $8M | $9M | $9M | $7M | $6M | $6M | |
| Deferred Tax | $146M | $319M | $128M | $186M | $171M | $-37M | $-18M | $-44M | $-68M | $7M | $109M | $-80M | $21M | $378M | $-1.35B | $19M | |
| Restructuring | $0 | $9M | $0 | $5M | $0 | $0 | $0 | $0 | $23M | · | $2M | $0 | $3M | · | $5M | $0 | |
| Other Non-cash | · | $657M | · | · | · | $411M | · | · | · | $187M | · | · | · | $-1.01B | · | · | |
| Operating Cash Flow | $1.10B | $2.40B | $956M | $1.20B | $1.32B | $1.10B | $382M | $422M | $209M | $552M | $470M | $506M | $515M | $889M | $1.05B | $1.31B | |
| CapEx | $753M | $707M | $741M | $775M | $657M | $563M | $536M | $298M | $302M | $421M | $379M | $423M | $530M | $497M | $524M | $540M | |
| Investing Cash Flow | $-698M | $-601M | $-816M | $-845M | $-591M | $-507M | $-945M | $-319M | $-266M | $-374M | $105M | $-480M | $453M | $395M | $-544M | $-495M | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Stock Repurchased | $514M | $66M | $0 | $1M | $99M | $0 | $0 | $0 | $0 | $0 | $42M | $132M | $127M | $54M | $406M | $109M | |
| Net Stock Activity | · | $-66M | · | · | · | · | · | · | · | $0 | · | · | · | $-54M | · | · | |
| Dividends Paid | $138M | $141M | $137M | $349M | $137M | $142M | $134M | $78M | $99M | $77M | $75M | $77M | $160M | $175M | $424M | $280M | |
| Financing Cash Flow | $-1.94B | $-192M | $-135M | $-471M | $-352M | $-557M | $-162M | $-78M | $-102M | $-77M | $-208M | $-215M | $-190M | $-1.28B | $-444M | $-714M | |
| Net Change in Cash | $-1.54B | $1.61B | $5M | $-115M | $379M | $32M | $-725M | $25M | $-159M | $101M | $367M | $-189M | $778M | $5M | $62M | $104M | |
| Taxes Paid | $10M | $3M | $-1M | $-15M | $82M | $0 | $-1M | $0 | $-2M | $0 | $150M | $42M | $-60M | $0 | $12M | $68M | |
| Free Cash Flow | · | $1.70B | · | · | · | $533M | · | · | · | $131M | · | · | · | $392M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $116M | · | · | · | $363M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 22.3% | 34.8% | · | 24.4% | 34.4% | -12.2% | · | -23.9% | -58.2% | 3.0% | · | 5.2% | 27.3% | 54.0% | · | 31.8% | |
| Net Margin | 17.6% | 26.4% | · | 18.4% | · | -11.3% | · | -17.6% | -45.0% | 2.4% | · | 4.6% | 20.7% | 41.2% | · | 27.9% | |
| Pretax Margin | 22.7% | 33.9% | · | 23.1% | 33.3% | -14.5% | · | -24.4% | -58.4% | 3.0% | · | 4.7% | 27.4% | 53.2% | · | 30.3% | |
| EBITDA Margin | 46.7% | 51.0% | · | 49.4% | · | 20.2% | · | 27.8% | 10.7% | 39.9% | · | 30.5% | 47.2% | 65.6% | · | 45.7% | |
| ROA | 1.9% | 4.0% | · | 2.7% | · | -1.2% | · | -0.82% | -1.6% | 0.18% | · | 0.49% | 2.8% | 10.0% | · | 8.2% | |
| ROE | 2.8% | 6.3% | · | 3.9% | · | -1.8% | · | -1.1% | -2.2% | 0.25% | · | 0.84% | 4.8% | 17.7% | · | 18.8% | |
| ROIC | 2.2% | 4.9% | · | 2.5% | · | -0.93% | · | -0.92% | -1.8% | 0.20% | · | 0.63% | 3.1% | 11.4% | · | 10.2% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 1.1 | · | 0.8 | · | 0.6 | · | 2.0 | 2.2 | 2.3 | · | 1.6 | 1.3 | 1.4 | · | 0.5 | |
| Quick Ratio | 0.6 | 0.9 | · | 0.6 | · | 0.5 | · | 1.5 | 1.5 | 1.5 | · | 0.9 | 1.0 | 0.5 | · | 0.4 | |
| Debt / Equity | 0.2 | 0.3 | · | 0.3 | · | 0.3 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.4 | |
| LT Debt / Equity | 0.2 | 0.2 | · | 0.3 | · | 0.3 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.4 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 1.7 | · | 3.4 | 23.5 | 49.2 | · | 19.3 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.2 | · | 0.1 | · | 0.1 | · | 0.0 | 0.0 | 0.1 | · | 0.1 | 0.1 | 0.2 | · | 0.3 | |
| Receivables Turnover | 2.7 | 3.3 | · | 4.6 | · | 2.6 | · | 1.4 | 1.0 | 1.8 | · | 1.2 | 1.5 | 3.0 | · | 2.5 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $82.82 | $81.41 | · | $76.21 | · | $72.39 | · | $75.41 | $79.01 | $81.57 | · | $78.27 | $78.35 | $76.73 | · | $52.31 | |
| Revenue / Share | $12.42 | $18.26 | · | $12.36 | · | $9.37 | · | $4.84 | $3.85 | $7.63 | · | $10.62 | $13.20 | $23.28 | · | $21.90 | |
| Cash Flow / Share | · | $9.98 | · | · | · | $4.68 | · | · | · | $3.89 | · | · | · | $6.14 | · | · | |
| Cash / Share | $2.83 | $9.25 | · | $2.57 | · | $1.47 | · | $7.73 | $7.76 | $9.00 | · | $5.44 | $6.81 | $0.97 | · | $0.61 | |
| Dividend / Share | · | · | · | · | · | · | · | · | · | · | $0.57 | $0.57 | $1.18 | $1.29 | $3.16 | $2.32 | |
| Dividend Paid / Share | · | $0.57 | · | · | · | $0.57 | · | $0.57 | $0.71 | $0.57 | · | $0.57 | $1.18 | $1.29 | · | · | |
| EPS (TTM) | $11.61 | $13.44 | · | $3.09 | $-0.04 | $-5.79 | · | $1.70 | $3.04 | $7.50 | · | $38.11 | $43.74 | $49.28 | · | · |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $13.60B | $14.32B | · | $10.85B | $8.54B | $5.35B | · | $4.18B | $5.05B | $6.43B | · | $10.90B | $12.55B | $14.18B | · | · | |
| Net Income TTM | $2.78B | $3.23B | · | $867M | $206M | $-989M | · | $254M | $438M | $1.06B | · | $5.43B | $6.24B | $7.09B | · | · | |
| Market Cap | $21.37B | $26.36B | · | $25.30B | · | $26.44B | · | $11.11B | $10.79B | $11.63B | · | $11.31B | $11.10B | $10.19B | · | $11.43B | |
| Enterprise Value | $24.39B | $29.14B | · | $29.70B | · | $31.33B | · | $12.09B | $11.79B | $12.48B | · | $12.63B | $12.24B | $12.10B | · | $14.07B | |
| P/E | 7.9 | 8.2 | · | 34.4 | -2923.5 | -19.2 | · | 48.4 | 27.0 | 11.8 | · | 2.3 | 1.9 | 1.5 | · | · | |
| P/S | 1.6 | 1.8 | · | 2.3 | · | 4.9 | · | 2.7 | 2.1 | 1.8 | · | 1.0 | 0.9 | 0.7 | · | · | |
| P/B | 1.1 | 1.3 | · | 1.4 | · | 1.5 | · | 1.1 | 1.0 | 1.1 | · | 1.1 | 1.1 | 1.0 | · | 1.8 | |
| P / Tangible Book | 1.1 | 1.3 | · | 1.4 | 1.5 | 1.5 | · | 1.1 | 1.0 | 1.1 | · | 1.1 | 1.1 | 1.0 | · | 1.8 | |
| P / Cash Flow | · | 11.0 | · | · | · | 24.1 | · | · | · | 21.1 | · | · | · | 11.5 | · | · | |
| EV / Revenue | 1.8 | 2.0 | · | 2.7 | · | 5.9 | · | 2.9 | 2.3 | 1.9 | · | 1.2 | 1.0 | 0.9 | · | · | |
| Dividend Yield | 3.6% | 2.9% | · | 3.0% | · | 1.7% | · | 3.0% | 3.0% | 3.3% | · | 7.4% | 9.4% | 11.6% | · | · | |
| Earnings Yield | 12.7% | 12.2% | · | 2.9% | -0.03% | -5.2% | · | 2.1% | 3.7% | 8.4% | · | 44.2% | 52.3% | 64.8% | · | · | |
| Payout Ratio | · | 12.2% | · | · | · | -57.0% | · | · | · | 296.1% | · | · | · | 12.6% | · | · | |
| Annual Payout | $765M | $764M | · | $762M | $491M | $453M | · | $329M | $328M | $389M | · | $836M | $1.04B | $1.18B | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $12.12B | $4.24B | $8.72B | $11.74B | $5.55B |
| Operating Margin % | 20.4% | -19.0% | 36.0% | 32.2% | 16.9% |
| Net Income | $1.82B | $-714M | $2.42B | $4.94B | $945M |
| Diluted EPS | $7.57 | $-4.55 | $16.92 | $33.36 | $8.12 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.3 | 0.3 | 0.2 | 0.3 | 0.4 |
| Current Ratio | 1.0 | 0.6 | 2.0 | 1.0 | 0.9 |
| Quick Ratio | 0.8 | 0.5 | 1.3 | 0.6 | 0.8 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $1.84B | $8M | $551M | $2.30B | · |
Institutional owners (13F) 938 filers · $23.4B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 113 (-69 vs prior Q) | 143 (+25 vs prior Q) | 373 (-4 vs prior Q) | 276 (+23 vs prior Q) | +6.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $3,079,210,423 | 27,901,508 | 13.14% | Shares |
| BlackRock, Inc. | $1,778,003,931 | 19,497,795 | 7.59% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $1,424,384,152 | 15,619,960 | 6.08% | Shares |
| STATE STREET CORP | $1,424,314,210 | 15,619,193 | 6.08% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,079,146,472 | 11,834,044 | 4.60% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $611,672,798 | 6,732,861 | 2.61% | Shares |
| Capital Research Global Investors | $605,815,160 | 6,643,659 | 2.58% | Shares |
| Invesco Ltd. | $552,684,351 | 6,060,800 | 2.36% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $491,056,137 | 5,384,978 | 2.09% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $477,837,950 | 5,240,026 | 2.04% | Shares |
| OAKTREE CAPITAL MANAGEMENT LP | $477,605,527 | 5,237,477 | 2.04% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $304,162,396 | 2,770,654 | 1.30% | Shares |
| Capital World Investors | $300,160,730 | 3,291,597 | 1.28% | Shares |
| MORGAN STANLEY | $296,981,309 | 3,256,729 | 1.27% | Shares |
| Bank of New York Mellon Corp | $267,108,713 | 2,929,145 | 1.14% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $253,132,132 | 2,776,965 | 1.08% | Shares |
| GOLDMAN SACHS GROUP INC | $246,688,431 | 2,705,214 | 1.05% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $229,880,414 | 2,520,895 | 0.98% | Shares |
| UBS Group AG | $217,464,167 | 2,384,737 | 0.93% | Shares |
| DISCIPLINED GROWTH INVESTORS INC /MN | $214,016,273 | 2,346,927 | 0.91% | Shares |
| ROYAL BANK OF CANADA | $203,582,000 | 2,232,500 | 0.87% | Put option |
| Phoenix Financial Ltd. | $189,701,640 | 2,080,338 | 0.81% | Shares |
| CIBC Bancorp USA Inc. | $187,956,184 | 2,057,938 | 0.80% | Shares |
| NORTHERN TRUST CORP | $184,670,694 | 2,025,120 | 0.79% | Shares |
| Glendon Capital Management LP | $184,097,386 | 2,019,894 | 0.79% | Shares |
| D. E. Shaw & Co., Inc. | $180,843,084 | 1,983,146 | 0.77% | Shares |
| FMR LLC | $174,051,993 | 1,908,674 | 0.74% | Shares |
| Altshuler Shaham Ltd | $164,454,235 | 1,803,424 | 0.70% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $159,982,824 | 1,754,390 | 0.68% | Shares |
| Kopernik Global Investors, LLC | $157,167,150 | 1,723,513 | 0.67% | Shares |
| BANK OF AMERICA CORP /DE/ | $150,896,004 | 1,654,743 | 0.64% | Shares |
| Man Group plc | $148,227,430 | 1,625,479 | 0.63% | Shares |
| CIBC Private Wealth Group LLC | $133,542,290 | 1,256,987 | 0.57% | Shares |
| AMERIPRISE FINANCIAL INC | $126,446,142 | 1,408,840 | 0.54% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $122,352,541 | 1,341,732 | 0.52% | Shares |
| DEUTSCHE BANK AG\ | $111,151,582 | 1,218,901 | 0.47% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $108,598,171 | 1,190,900 | 0.46% | Call option |
| Assenagon Asset Management S.A. | $107,886,707 | 1,183,098 | 0.46% | Shares |
| HSBC HOLDINGS PLC | $101,088,740 | 1,107,812 | 0.43% | Shares |
| Qube Research & Technologies Ltd | $98,537,817 | 1,080,577 | 0.42% | Shares |
| Gotham Asset Management, LLC | $97,583,604 | 1,070,113 | 0.42% | Shares |
| JANE STREET GROUP, LLC | $96,068,665 | 1,053,500 | 0.41% | Put option |
| MARSHALL WACE, LLP | $96,044,226 | 1,053,232 | 0.41% | Shares |
| ROYAL BANK OF CANADA | $95,128,000 | 1,043,193 | 0.41% | Shares |
| Legal & General Group Plc | $95,048,431 | 1,042,312 | 0.41% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $91,819,211 | 1,006,900 | 0.39% | Put option |
| Amundi | $91,794,772 | 1,006,632 | 0.39% | Shares |
| PRUDENTIAL FINANCIAL INC | $91,009,444 | 998,020 | 0.39% | Shares |
| CITADEL ADVISORS LLC | $89,448,271 | 980,900 | 0.38% | Put option |
| CITADEL ADVISORS LLC | $88,627,561 | 971,900 | 0.38% | Call option |
Activists & 5%+ owners 21 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Esquisto Holdings, LLC, WHR Holdings, LLC, NGP XI US Holdings, L.P., WHE AcqCo Holdings, LLC, NGP Energy Capital Management, L.L.C. ×3 filings | Nov. 13, 2019 | · | Initial filing | · | SEC |
| Chesapeake Energy Corporation (2 ), Chesapeake Exploration, L.L.C. (2 ) | June 30, 2017 | · | Initial filing | · | SEC |
| High River Limited Partnership, Hopper Investments LLC, Barberry Corp., Icahn Partners Master Fund LP, Icahn Offshore LP, Icahn Partners LP, Icahn Onshore LP, Icahn Capital LP, IPH GP LLC, Icahn Enterprises Holdings L.P., Icahn Enterprises G.P. Inc., Beckton Corp., Carl C. Icahn ×8 filings | Sept. 19, 2016 | · | Initial filing | · | SEC |
| July 6, 2012 | · | Initial filing | · | SEC | |
| Chesapeake Energy Corporation, Chesapeake Midstream Holdings, L.L.C. ×5 filings | July 3, 2012 | · | Initial filing | Board campaign | SEC |
| Chesapeake Energy Corporation (2), Chesapeake Midstream Holdings, L.L.C. (2) ×4 filings | June 19, 2012 | · | Initial filing | Board campaign | SEC |
| Undisclosed reporting person, Undisclosed reporting person | June 8, 2012 | · | Initial filing | · | SEC |
| June 4, 2012 | · | Initial filing | · | SEC | |
| Undisclosed reporting person, Undisclosed reporting person | May 7, 2012 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | May 2, 2012 | · | Initial filing | Passive investment | SEC |
| Aubrey K. McClendon (2), Chesapeake Investments, an Oklahoma Limited Partnership ×3 filings | Oct. 14, 2008 | · | Initial filing | · | SEC |
| Tom L. Ward | March 27, 2008 | · | Initial filing | · | SEC |
| SS. OR ×2 filings | Aug. 14, 2007 | · | Initial filing | · | SEC |
| Tom L. Ward (2), TLW Investments Inc. ×4 filings | May 17, 2006 | · | Initial filing | · | SEC |
| Chesapeake Energy Corporation 3-1395733 (2) | Feb. 8, 2006 | · | Initial filing | Capital structure | SEC |
| Undisclosed reporting person, I.R.S. Chesapeake Investments, an Identification Oklahoma Limited Partnership Nos. of Above Persons (entities only) Oklahoma Limited Partnership, Undisclosed reporting person, Undisclosed reporting person | June 18, 2003 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | June 9, 2003 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | May 29, 2003 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | April 23, 2002 | · | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person | Dec. 13, 2001 | · | Initial filing | · | SEC |
| Chesapeake Energy Corporation S.S. or | Aug. 27, 2001 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 65 insiders · 29 officers · 39 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Michael Wichterich | Interim President and CEO | June 12, 2026 P | 85,498 | 4 | 0 | $397,260 |
| Domenic J Dell'Osso JR | President and CEO | Aug. 15, 2025 P | 166,715 | 0 | 0 | $0 |
| Robert D. Lawler | CEO | Dec. 23, 2020 S | 0 | 0 | 0 | $0 |
| MCCLENDON AUBREY K | CEO | March 31, 2013 A | 3,172,436 | 0 | 0 | $0 |
| Marcel Teunissen | EVP & CFO | June 4, 2026 P | 11,144 | 2 | 0 | $378,620 |
| Brittany Raiford | VP, Interim CFO & Treasurer | March 15, 2026 A | 18,448 | 0 | 0 | $0 |
| Mohit Singh | EVP & CFO | March 15, 2025 A | 58,995 | 0 | 0 | $0 |
| ROWLAND MARCUS C | Exec. Vice President & CFO | Oct. 1, 2010 F | 481,955 | 0 | 0 | $0 |
| Tom L Ward | President and COO | May 5, 2006 J | 14,043,820 | 0 | 0 | $0 |
| Joshua J. Viets | EVP & COO | March 15, 2026 A | 77,037 | 0 | 0 | $0 |
| DIXON STEVEN C | EVP - Operations and COO | Aug. 13, 2013 S | 983,167 | 0 | 0 | $0 |
| Daniel F Turco | EVP-MARKETING & COMMERCIAL | March 15, 2026 A | 18,508 | 0 | 0 | $0 |
| Gregory M. Larson | VP-Accounting & Controller | March 15, 2026 A | 14,560 | 0 | 0 | $0 |
| Christopher W Lacy | EVP - GENERAL COUNSEL | March 15, 2026 A | 59,031 | 0 | 0 | $0 |
| Benjamin Russ | EVP-General Counsel | June 16, 2024 M | 28,617 | 0 | 0 | $0 |
| James R Webb | EVP-Gen'l Counsel & Corp. Sec. | Dec. 31, 2020 S | 0 | 0 | 0 | $0 |
| William M Buergler | SVP & Chief Accounting Officer | Sept. 30, 2020 S | 2 | 0 | 0 | $0 |
| Frank J. Patterson | EVP-Exploration & Production | May 5, 2020 D | 0 | 0 | 0 | $0 |
| Jason M. Pigott | EVP - Operations | March 19, 2019 F | 1,439,641 | 0 | 0 | $0 |
| Michael A Johnson | SVP-Accounting Controller | March 15, 2017 A | 625,332 | 0 | 0 | $0 |
| Christopher M. Doyle | EVP - Operations | Jan. 14, 2016 A | 552,317 | 0 | 0 | $0 |
| Douglas J Jacobson | EVP-Acquisitions/Divestitures | July 1, 2015 F | 828,249 | 0 | 0 | $0 |
| John M. Kapchinske | EVP - Exploration | Jan. 29, 2015 F | 354,550 | 0 | 0 | $0 |
| John K. Reinhart | SVP - Operations | July 2, 2014 F | 124,584 | 0 | 0 | $0 |
| Jennifer M Grigsby | SVP-Corp & Strategic Planning | March 31, 2014 A | 262,744 | 0 | 0 | $0 |
| BURGER MARTHA A | SVP- HUMAN & CORP RESOURCES | Aug. 28, 2013 G | 254,324 | 0 | 0 | $0 |
| Jeffrey A Fisher | EVP-Production | July 1, 2013 F | 383,799 | 0 | 0 | $0 |
| HOOD HENRY J | Sr. VP - Land and Legal | Oct. 1, 2012 F | 704,429 | 0 | 0 | $0 |
| LESTER J MARK | Retired Executive VP | Jan. 29, 2010 D | 315,458 | 0 | 0 | $0 |
| Sarah A. Emerson | Director | June 4, 2026 A | 17,932 | 0 | 0 | $0 |
| Timothy S. Duncan | Director | June 4, 2026 A | 19,051 | 0 | 0 | $0 |
| Brian Steck | Director | June 4, 2026 A | 20,258 | 0 | 0 | $0 |
| Matthew Gallagher | Director | June 4, 2026 A | 20,248 | 1 | 0 | $100,660 |
| Catherine A Kehr | Director | June 4, 2026 A | 9,335 | 0 | 0 | $0 |
| Shameek Konar | Director | June 4, 2026 A | 10,042 | 0 | 0 | $0 |
| Duster Benjamin | Director | June 4, 2026 A | 17,932 | 0 | 0 | $0 |
| S P Johnson IV | Director | June 4, 2026 A | 19,895 | 0 | 0 | $0 |
| John D Gass | Director | June 5, 2025 A | 34,102 | 0 | 0 | $0 |
| Luke R Corbett | Director | Sept. 30, 2020 S | 0 | 0 | 0 | $0 |
| Thomas L Ryan | Director | Sept. 28, 2020 S | 0 | 0 | 0 | $0 |
| Brad R Martin | Director | Sept. 25, 2020 S | 0 | 0 | 0 | $0 |
| David W Hayes | Director | Nov. 12, 2019 J | 407,795 | 0 | 0 | $0 |
| Scott Gieselman | Director | Nov. 12, 2019 J | 487,877 | 0 | 0 | $0 |
| Leslie Starr Keating | Director | Oct. 1, 2019 A | 267,896 | 0 | 0 | $0 |
| Gloria R. Boyland | Director | Oct. 1, 2019 A | 237,128 | 0 | 0 | $0 |
| Mark A Edmunds | Director | May 17, 2019 A | 125,507 | 0 | 0 | $0 |
| Merrill A Miller JR | Director | May 17, 2019 A | 489,009 | 0 | 0 | $0 |
| Archie W Dunham | Director | Dec. 21, 2018 P | 9,347,375 | 0 | 0 | $0 |
| Kimberly K. Querrey | Director | Oct. 3, 2016 A | 180,727 | 0 | 0 | $0 |
| John J Lipinski | Director | July 1, 2016 A | 121,156 | 0 | 0 | $0 |
| Vincent J Intrieri | Director | July 1, 2016 A | 143,193 | 0 | 0 | $0 |
| Frederic M Poses | Director | April 1, 2016 A | 758,757 | 0 | 0 | $0 |
| Louis Raspino | Director | Jan. 4, 2016 A | 117,759 | 0 | 0 | $0 |
| Bob G Alexander | Director | April 1, 2014 A | 32,308 | 0 | 0 | $0 |
| Burns V Hargis | Director | March 7, 2013 A | 63,888 | 0 | 0 | $0 |
| Louis A Simpson | Director | March 7, 2013 A | 35,096 | 0 | 0 | $0 |
| Richard K Davidson | Director | July 9, 2012 P | 197,671 | 0 | 0 | $0 |
| Kathleen Eisbrenner | Director | June 21, 2012 F | 20,427 | 0 | 0 | $0 |
| Frank A Keating | Director | June 21, 2012 F | 68,049 | 0 | 0 | $0 |
| Charlest Maxwell | Director | June 8, 2012 D | 111,591 | 0 | 0 | $0 |
| Donald L Nickles | Director | June 7, 2012 A | 102,602 | 0 | 0 | $0 |
| Frederick B Whittemore | Director | June 10, 2010 A | 221,790 | 0 | 0 | $0 |
| KERR BREENE M | Director | July 1, 2008 A | 194,000 | 0 | 0 | $0 |
| CHESAPEAKE ENERGY CORP | 10% owner | March 29, 2005 P | 7,701,905 | 0 | 0 | $0 |
| Shannon T Self | · | April 1, 2005 A | 75,500 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 133 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FXN · First Trust Exchange-Traded AlphaDE… | 4.49% | 181,097 NS | July 31, 2026 | N-PORT |
| RSPG · Invesco Exchange-Traded Fund Trust | 4.26% | 304,323 SH | Oct. 5, 2026 | Daily |
| IEO · iShares Trust | 3.39% | 264,739 SH | Sept. 11, 2026 | Daily |
| USAI · Pacer Funds Trust | 3.17% | 44,831 NS | July 31, 2026 | N-PORT |
| POWR · iShares, Inc. | 3.11% | 146,446 SH | Sept. 11, 2026 | Daily |
| PXE · Invesco Exchange-Traded Fund Trust | 2.40% | 40,559 SH | Oct. 5, 2026 | Daily |
| CALF · Pacer Funds Trust | 2.00% | 779,577 NS | July 31, 2026 | N-PORT |
| SMRI · EA Series Trust | 1.92% | 131,705 NS | July 31, 2026 | N-PORT |
| GUSH · Direxion Shares ETF Trust | 1.71% | 44,981 NS | July 31, 2026 | N-PORT |
| GURU · Global X Funds | 1.04% | 6,778 NS | July 31, 2026 | N-PORT |
| ERX · Direxion Shares ETF Trust | 0.99% | 24,557 NS | July 31, 2026 | N-PORT |
| QQQJ · Invesco Exchange-Traded Fund Trust … | 0.99% | 136,801 SH | Oct. 5, 2026 | Daily |
| VDE · VANGUARD WORLD FUND | 0.97% | 1,174,826 SH | Aug. 19, 2026 | Daily |
| WLTG · ETF Opportunities Trust | 0.96% | 7,835 NS | July 31, 2026 | N-PORT |
| FENY · FIDELITY COVINGTON TRUST | 0.90% | 192,080 NS | July 31, 2026 | N-PORT |
| IYE · iShares Trust | 0.89% | 174,440 SH | Sept. 11, 2026 | Daily |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.89% | 131,833 NS | July 31, 2026 | N-PORT |
| NBET · Neuberger Berman ETF Trust | 0.87% | 4,358 NS | July 31, 2026 | N-PORT |
| COWZ · Pacer Funds Trust | 0.85% | 1,694,304 NS | July 31, 2026 | N-PORT |
| WLDR · Two Roads Shared Trust | 0.70% | 6,790 NS | July 31, 2026 | N-PORT |
| IXC · iShares Trust | 0.59% | 181,753 SH | Sept. 11, 2026 | Daily |
| IGE · iShares Trust | 0.56% | 46,731 SH | Sept. 11, 2026 | Daily |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.46% | 77,260 NS | July 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.46% | 3,482,968 SH | Aug. 19, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.44% | 7,963 NS | July 31, 2026 | N-PORT |
| FLAG · Global X Funds | 0.43% | 77 NS | July 31, 2026 | N-PORT |
| FTLS · First Trust Exchange-Traded Fund III | 0.40% | 105,943 NS | July 31, 2026 | N-PORT |
| TEXN · iShares Trust | 0.36% | 708 SH | Sept. 11, 2026 | Daily |
| HDUS · Lattice Strategies Trust | 0.35% | 7,483 NS | July 31, 2026 | N-PORT |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.32% | 8,959,000 | Oct. 5, 2026 | Daily |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.32% | 15,884 NS | July 31, 2026 | N-PORT |
| VB · VANGUARD INDEX FUNDS | 0.26% | 5,486,938 SH | Aug. 19, 2026 | Daily |
| USMV · iShares Trust | 0.26% | 630,925 SH | Sept. 11, 2026 | Daily |
| GUNR · FlexShares Trust | 0.24% | 188,428 NS | July 31, 2026 | N-PORT |
| ACWV · iShares, Inc. | 0.24% | 81,864 SH | Sept. 11, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.23% | 21,251 SH | Aug. 19, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | 0.22% | 16,956 SH | Aug. 19, 2026 | Daily |
| IWS · iShares Trust | 0.22% | 339,547 SH | Sept. 11, 2026 | Daily |
| IMCG · iShares Trust | 0.21% | 84,804 SH | Sept. 11, 2026 | Daily |
| EUSA · iShares, Inc. | 0.21% | 40,633 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.21% | 19,314 SH | Oct. 5, 2026 | Daily |
| SPHQ · Invesco Exchange-Traded Fund Trust | 0.20% | 435,938 SH | Oct. 5, 2026 | Daily |
| ESLV · Strategy Shares | 0.19% | 292 NS | July 31, 2026 | N-PORT |
| SIZE · iShares Trust | 0.19% | 8,192 SH | Sept. 11, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.18% | 2,013,456 SH | Oct. 5, 2026 | Daily |
| FVAL · FIDELITY COVINGTON TRUST | 0.17% | 24,558 NS | July 31, 2026 | N-PORT |
| VLUE · iShares Trust | 0.17% | 167,203 SH | Sept. 11, 2026 | Daily |
| DFLV · Dimensional ETF Trust | 0.16% | 116,941 NS | July 31, 2026 | N-PORT |
| IWR · iShares Trust | 0.16% | 933,202 SH | Sept. 11, 2026 | Daily |
| IMCB · iShares Trust | 0.16% | 27,797 SH | Sept. 11, 2026 | Daily |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.16% | 14,071 NS | July 31, 2026 | N-PORT |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.15% | 135,227 NS | July 31, 2026 | N-PORT |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.15% | 200,000 | Oct. 5, 2026 | Daily |
| NEAR · iShares U.S. ETF Trust | 0.15% | 7,708,000 SH | Sept. 10, 2026 | Daily |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.15% | 4,360,000 | Oct. 5, 2026 | Daily |
| XOEF · iShares Trust | 0.13% | 298 SH | Sept. 11, 2026 | Daily |
| ESGU · iShares Trust | 0.12% | 221,278 SH | Sept. 11, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.12% | 193,323 NS | July 31, 2026 | N-PORT |
| IMCV · iShares Trust | 0.12% | 13,830 SH | Sept. 11, 2026 | Daily |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.11% | 5,351 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.11% | 6,237 NS | July 31, 2026 | N-PORT |
| PALC · Pacer Funds Trust | 0.10% | 2,290 NS | July 31, 2026 | N-PORT |
| EVUS · iShares Trust | 0.10% | 4,000 SH | Sept. 11, 2026 | Daily |
| ISCF · iShares Trust | 0.10% | 30,504 SH | Sept. 11, 2026 | Daily |
| JFLI · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 509 NS | July 31, 2026 | N-PORT |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.09% | 10,554 SH | Oct. 5, 2026 | Daily |
| VFQY · VANGUARD WELLINGTON FUND | 0.09% | 4,725 SH | Aug. 19, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | 0.09% | 909,811 SH | Aug. 19, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.09% | 433,368 NS | July 31, 2026 | N-PORT |
| QUAL · iShares Trust | 0.08% | 376,968 SH | Sept. 11, 2026 | Daily |
| IVE · iShares Trust | 0.08% | 397,326 SH | Sept. 11, 2026 | Daily |
| GTOS · Invesco Actively Managed Exchange-T… | 0.08% | 91,000 | Oct. 5, 2026 | Daily |
| IUSV · iShares Trust | 0.07% | 208,476 SH | Sept. 11, 2026 | Daily |
| DIVB · iShares Trust | 0.07% | 15,426 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.07% | 25,993 NS | July 31, 2026 | N-PORT |
| GTO · Invesco Actively Managed Exchange-T… | 0.07% | 2,226,000 | Oct. 5, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.07% | 39,763 SH | Oct. 5, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.07% | 54,928 SH | Aug. 19, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.06% | 74,529 SH | Oct. 5, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.06% | 137,233 SH | Aug. 19, 2026 | Daily |
| IWD · iShares Trust | 0.06% | 504,670 SH | Sept. 11, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.06% | 65,050 SH | Oct. 5, 2026 | Daily |
| EGLE · Global X Funds | 0.05% | 12 NS | July 31, 2026 | N-PORT |
| ROUS · Lattice Strategies Trust | 0.05% | 3,803 NS | July 31, 2026 | N-PORT |
| DFVX · Dimensional ETF Trust | 0.05% | 2,757 NS | July 31, 2026 | N-PORT |
| ILCG · iShares Trust | 0.05% | 14,989 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.05% | 61,084 NS | July 31, 2026 | N-PORT |
| LGDX · Tidal Trust III | 0.05% | 679 NS | July 31, 2026 | N-PORT |
| TOPC · iShares Trust | 0.04% | 140 SH | Sept. 11, 2026 | Daily |
| TOV · EA Series Trust | 0.04% | 1,083 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.04% | 262 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.04% | 14 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.04% | 195 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.04% | 12,366 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.04% | 3,014,604 SH | Sept. 11, 2026 | Daily |
| CHRI · Global X Funds | 0.04% | 30 NS | July 31, 2026 | N-PORT |
| XTR · Global X Funds | 0.04% | 18 NS | July 31, 2026 | N-PORT |
| CATH · Global X Funds | 0.04% | 4,853 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.03% | 12,065 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.03% | 4,608 SH | Sept. 11, 2026 | Daily |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.03% | 32,806 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.03% | 4,022 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.03% | 21 NS | July 31, 2026 | N-PORT |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.03% | 6,706 SH | Oct. 5, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.03% | 74,938 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.03% | 7,742 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.03% | 10,165 SH | Sept. 11, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.03% | 902 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.03% | 314,224 SH | Sept. 11, 2026 | Daily |
| QDPL · Pacer Funds Trust | 0.03% | 5,745 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.03% | 158,176 SH | Sept. 11, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.03% | 38,522 SH | Oct. 5, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.03% | 1,377 SH | Oct. 5, 2026 | Daily |
| IWV · iShares Trust | 0.03% | 62,600 SH | Sept. 11, 2026 | Daily |
| VOO · VANGUARD INDEX FUNDS | 0.03% | 6,213,439 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.03% | 7,596,140 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.03% | 37,420 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.03% | 19,122 SH | Aug. 19, 2026 | Daily |
| BKLC · BNY Mellon ETF Trust | 0.03% | 17,291 NS | July 31, 2026 | N-PORT |
| HCMT · Direxion Shares ETF Trust | 0.03% | 1,663 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.03% | 22,074 SH | Sept. 11, 2026 | Daily |
| TOK · iShares Trust | 0.03% | 641 SH | Sept. 11, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.03% | 18,703 NS | July 31, 2026 | N-PORT |
| PHDG · Invesco Actively Managed Exchange-T… | 0.03% | 182 SH | Oct. 5, 2026 | Daily |
| ILCV · iShares Trust | 0.02% | 3,271 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.02% | 74,546 SH | Sept. 11, 2026 | Daily |
| USCL · iShares Trust | 0.02% | 6,326 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.02% | 193,146 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.02% | 4,919 SH | Sept. 11, 2026 | Daily |
| IDEV · iShares Trust | 0.01% | 120,640 SH | Sept. 10, 2026 | Daily |
| IXUS · iShares Trust | 0.01% | 147,680 SH | Sept. 11, 2026 | Daily |
| LSEQ · Harbor ETF Trust | -1.48% | -2,409 NS | July 31, 2026 | N-PORT |
| SMLF · iShares Trust | · | 137,678 SH | Sept. 11, 2026 | Daily |
EXE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
27 analysts · 2026-10-05Mean target $125.00 +42.6%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| EXE | $26.40B | 14.6 | 186.3% | 15.0% | 10.0% | · |
| VG | · | 7.9 | 176.9% | 19.9% | 56.7% | · |
| EQT | $33.45B | 16.2 | 63.9% | 23.6% | 9.2% | · |
| TPL | $19.80B | 41.2 | 13.1% | 60.3% | 35.0% | · |
| PR | $10.55B | 11.0 | 1.3% | 18.5% | 9.6% | · |
| OVV | $9.93B | 8.2 | -2.7% | 13.9% | 11.5% | · |
| APA | $8.63B | 6.1 | · | · | 25.2% | · |
| VNOM | · | -80.5 | 62.0% | -4.9% | -2.2% | · |
| VNOM | · | -80.5 | 62.0% | -4.9% | -2.2% | · |
| COP | · | 14.7 | 7.7% | 13.6% | 12.3% | · |
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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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