Core Insights - Expand Energy Corporation (NASDAQ:EXE) has garnered significant hedge fund interest, placing it among the top 12 commodity stocks to buy currently [1] - Piper Sandler has reiterated a "Buy" rating on Expand Energy Corporation with a price target of $138 [2] Financial Performance - In Q3 2025, Expand Energy achieved the same production volume with seven rigs, down from 13 in 2023, resulting in year-to-date costs that are 30% lower than competitors [3] - The company reported a 40% increase in well productivity above basin averages and anticipates spending $150 million less to achieve higher volumes in 2025 [3] - Since the October 2024 merger, Expand Energy has reduced gross debt by $1.2 billion and returned $850 million to shareholders [4] Strategic Outlook - Management remains optimistic about long-term growth, driven by Gulf Coast demand, premium contracts like Lake Charles Methanol, and ongoing optimization efforts, despite mixed results in Western Haynesville and early-stage marketing strategies [5] - The company aims to supply 7.5 Bcf/d in 2026 with the same capital expenditures as in 2025 [4]
Piper Sandler Reiterates “Buy” Rating on Expand Energy Corporation (EXE) With $138 PT