Key events, in time order
Institutional 13F filing reveals new position, indicating institutional capital flow
Scotia trimmed 37.7%; call reaffirmed integrated gas path; multi-source confirms Q2 details
Q2 results confirm deal, aiming to capture value across natural gas supply chain
Chronometer Partners CIO says gas critical, US exports seen rising from 15 Bcf to 35 Bcf/day
Institutional stake increase is already covered; no new facts today.
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Facts and opinions separated · All items sourced · Not investment advice
Expand Energy drills and pumps natural gas from shale rock in Pennsylvania and Louisiana, selling it to utilities and industrial buyers across the U.S. Think of it as a giant straw sucking fuel out of the ground and piping it to your furnace.
Money comes from selling natural gas and oil, with gross margins around 63% and net margins near 21% on trailing twelve-month results. Revenue swings with commodity prices, so earnings are cyclical, not recurring like a subscription.
Its low-cost acreage in the Marcellus and Haynesville shales gives a cost advantage over smaller drillers like EQT Corporation and Comstock Resources, but gas prices are set by global markets, so no one controls pricing. The moat is solid because these prime l
Sell (sector percentile 12) — value A-, growth D-, profitability B+, momentum D, revisions F. Updated daily, sector-relative, identical for every user.
