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Reporting soon: earnings call Tuesday, Oct 27
A pre-earnings brief is ready for EXE: the setup, what peers and partners said this season, and which analysts to watch.Reading it is a Tellvest Pro feature.
Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Neil Mehta | Goldman Sachs | 13 questions · 0% challenging |
| Scott Hanold | RBC Capital Markets | 13 questions · 0% challenging |
| Doug Leggate | Wolfe Research | 13 questions · 0% challenging |
| John Freeman | Raymond James | 13 questions · 8% challenging |
| Zach Parham | JPMorgan | 12 questions · 0% challenging |
| Kevin MacCurdy | Pickering Energy Partners | 11 questions · 0% challenging |
| Charles Meade | Johnson Rice | 10 questions · 0% challenging |
| Matt Portillo | Tudor, Pickering, Holt | 10 questions · 0% challenging |
| Phillip Jungwirth | BMO Capital Markets | 7 questions · 0% challenging |
| Devin McDermott | Morgan Stanley | 6 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wolfe Research | 1 analyst | 13 questions · 0% challenging |
| JPMorgan | 2 analysts | 13 questions · 0% challenging |
| RBC Capital Markets | 1 analyst | 13 questions · 0% challenging |
| Raymond James | 1 analyst | 13 questions · 8% challenging |
| Goldman Sachs | 1 analyst | 13 questions · 0% challenging |
| Pickering Energy Partners | 1 analyst | 11 questions · 0% challenging |
| Johnson Rice | 1 analyst | 10 questions · 0% challenging |
| Tudor, Pickering, Holt | 1 analyst | 10 questions · 0% challenging |
Expand Energy generated $1.7B in free cash flow in Q1 2026, reducing gross debt by $1.3B (meeting the full-year target in one quarter) and returning over $290M to shareholders. A Delfin LNG SPA for 1.15 million tons per year extended the company's reach to global markets, and marketing generated approximately $90M in incremental value from monetizing volatility. The Western Haynesville first well showed encouraging results, and the company held 72% of the lowest breakeven Haynesville inventory per third-party analysis.
Capex Investment | Demand | Capital Allocation | Competitive Dynamics | Cost Pressure | Revenue Growth | Macroeconomic | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 9 | 6 | 3 | 3 | 2 | 1 | 4 | 2 |
| 2025Q1 | 7 | 7 | 5 | 2 | 6 | 4 | 4 | 3 |
| 2025Q2 | 3 | 4 | 5 | 4 | 4 | 1 | 4 | 4 |
| 2025Q3 | 9 | 3 | 5 | 3 | 6 | 3 | 3 | 3 |
| 2025Q4 | 8 | 9 | 7 | 5 | 2 | 7 | 1 | 1 |
| 2026Q1 | 4 | 7 | 4 | 5 | 1 | 5 | 3 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Capex Investment | 9 | 7 | 3 | 9 | 8 | 4 |
| Demand | 6 | 7 | 4 | 3 | 9 | 7 |
| Capital Allocation | 3 | 5 | 5 | 5 | 7 | 4 |
| Competitive Dynamics | 3 | 2 | 4 | 3 | 5 | 5 |
| Cost Pressure | 2 | 6 | 4 | 6 | 2 | 1 |
| Revenue Growth | 1 | 4 | 1 | 3 | 7 | 5 |
| Macroeconomic | 4 | 4 | 4 | 3 | 1 | 3 |
| Pricing | 2 | 3 | 4 | 3 | 1 | 2 |
Calendar quarter Q1 2026Earnings call Apr 29, 2026
FY2026 Q1 in brief
Expand Energy generated $1.7B in free cash flow in Q1 2026, reducing gross debt by $1.3B (meeting the full-year target in one quarter) and returning over $290M to shareholders.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
GAAP revenue YoY +100.2% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for Expand Energy (EXE), FY2026 Q1: 7/10. Scores: Expand Energy’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: EXE daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
What EXE said about other companies on its FY2026 Q1 call, and what other companies said about EXE on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Today, we announced a new offtake SPA with Delfin LNG for 1.15 million tons per year, extending our market reach to global demand centers.”
Expand signed a new 1.15 mtpa LNG offtake SPA with Delfin LNG (replacing a prior agreement), extending Expand's reach to global demand centers and adding Delfin as an LNG offtake counterparty.
No 8-K events recorded for this window.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.00B | +2.7% | $-1.72 | -142.8% | -19.3% | -19.9% | $-154M |
| FY2025 Q1 | $2.20B | +103.1% | $-1.06 | -688.9% | -12.2% | -11.3% | $533M |
| FY2025 Q2 | $3.69B | +630.7% | $4.02 | +332.4% | 34.4% | 26.2% | $665M |
| FY2025 Q3 | $2.97B | +357.7% | $2.28 | +368.2% | 24.4% | 18.4% | $426M |
| FY2025 Q4 | $3.27B | +63.5% | $2.30 | +233.7% | 22.8% | 16.9% | $215M |
| FY2026 Q1Selected | $4.40B | +100.2% | $4.81 | +553.8% | 34.8% | 26.4% | $1.70B |
| FY2026 Q2 | $2.96B | -19.8% | $2.19 | -45.5% | 22.3% | 17.6% | $343M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Company | Score | Trend | Rev YoY | Headline |
|---|---|---|---|---|
| EXEExpand Energy | 7 | +100.2% | Delfin LNG SPA for 1.15 million tons per year extending to global markets | |
| APAAPA Corporation | 5 | -11.7% | Strong free cash flow generation with $2.2B full-year outlook | |
| COPConocoPhillips | 6 | -2.5% | ConocoPhillips generated $5.4 billion in CFO with adjusted earnings of $1.89 per share as Lower 48 production of 1,453,000 boe/d represented 4% year-over-year underlying growth despite overall production being adjusted down for Qatar Middle East conflict disruptions and Surmont royalty changes | |
| DVNDevon Energy | 5 | -13.0% | $1B Optimization Achieved Ahead of Schedule | |
| EOGEOG Resources | 9 | +15.7% | Exceptional Operational Execution Across Portfolio | |
| EQTEQT Corporation | 9 | +39.7% | Record $1.8 Billion Free Cash Flow in Single Quarter | |
| FANGDiamondback Energy | 6 | +5.2% | Diamondback went straight to Q&A and used the call to activate its green light framework, adding 2 to 3 rigs and a fifth completion crew in response to $100 oil and what management called the world's largest oil supply disruption in history, establishing 520,000-plus barrels per day of oil as the new baseline | |
| OXYOccidental Petroleum | 6 | -23.1% | Occidental reported adjusted earnings of $1.06 per diluted share and reported earnings of $3.13 per diluted share, the difference largely driven by the gain on the OxyChem sale | |
| TPLTexas Pacific Land Corporation | 8 | +20.8% | Record Quarterly Revenue, Net Income, and Free Cash Flow |
Delfin LNG SPA for 1.15 million tons per year extending to global markets
Strong free cash flow generation with $2.2B full-year outlook
ConocoPhillips generated $5.4 billion in CFO with adjusted earnings of $1.89 per share as Lower 48 production of 1,453,000 boe/d represented 4% year-over-year underlying growth despite overall production being adjusted down for Qatar Middle East conflict disruptions and Surmont royalty changes
| Company | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|
| EXE | 5 | 6 | 6 | 6 | 7 | 7 |
| APA | 7 | 8 | 5 | 4 | 4 | 5 |
| COP | 6 | 8 | 8 | 9 | 6 | 6 |
| DVN | 6 | 9 | 5 | 4 | 2 | 5 |
| EOG | 5 | 6 | 5 | 7 | 7 | 9 |
| EQT | 7 | 9 | 9 | 9 | 7 | 9 |
| FANG | 6 | 6 | 6 | 6 | 5 | 6 |
| OXY | 5 | 8 | 5 | 6 | 5 | 6 |
| TPL | 7 | 7 | 7 | 8 | 6 | 8 |
Diamondback went straight to Q&A and used the call to activate its green light framework, adding 2 to 3 rigs and a fifth completion crew in response to $100 oil and what management called the world's largest oil supply disruption in history, establishing 520,000-plus barrels per day of oil as the new baseline
Occidental reported adjusted earnings of $1.06 per diluted share and reported earnings of $3.13 per diluted share, the difference largely driven by the gain on the OxyChem sale
Record Quarterly Revenue, Net Income, and Free Cash Flow