Expand Energy's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Expand Energy (EXE) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Expand Energy vs Its Competitors
- TTM: Trailing 12-month revenue of 13,915M vs 985,419M combined for its competitors (1.4% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-5.5% annualized vs trailing 12 months), vs accelerating (+14.4%) for its tracked peer group.
- Growth: Expand Energy generated 10.8% revenue growth year over year in Q3 2026, vs 31.8% for its competitors combined.
- Profitability: Its 15.8% net margin compares with 13.4% for the peer group.
- Scale: Expand Energy ranks #17 of 133 companies by market capitalization in the Oil And Gas Production industry, holding 1.3% of industry market cap.
- Peer revenue share: Expand Energy accounted for 1.2% of combined revenue among its tracked peer group, down from 1.4% a year earlier.
- Structure: Expand Energy operates in the following segments: Marketing, Exploration and Production.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
EXE Sales vs. its Competitors, Q3 2026
Expand Energy reported revenue growth of 10.79 % year on year in Q3 2026, below its competitors' combined revenue growth of 31.77 %.
With a net margin of 15.79 %, Expand Energy achieved higher profitability than its competitors (13.42 %).
Expand Energy generated 1.15 % of the combined sales of its peer group, down from 1.37 % a year earlier.
API endpoints for this dataset
Expand Energy vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Expand Energy reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Expand Energy and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Expand Energy Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (7) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (2) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Expand Energy's competitor groups requires a Commercial License.
For context: the Oil And Gas Production industry grew revenue 3.2% year over year, combined, vs 10.8% for Expand Energy. Expand Energy's share of combined industry revenue moved from 0.22% to 0.24%, a gain of 0.02 percentage points.
Expand Energy's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Expand Energy Corporation | Yes | Yes | Yes | - |
| Competitors combined (124) | ||||
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
EXE Stock Performance relative to its Competitors
EXE Stock Performance relative to High-Confidence Competitors
EXE Stock Performance relative to Similar-Size Competitors
EXE Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Sharkninja Inc | 282.9% | Outperformed |
| 2 | Gran Tierra Energy Inc | 282.9% | Outperformed |
| 3 | Calumet Inc | 282.9% | Outperformed |
| 4 | Valero Energy Corp | 282.9% | Outperformed |
| 5 | Marathon Petroleum Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Expand Energy's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Expand Energy's Comment on Competition and Industry Peers
Publicly Traded Peers of Expand Energy Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Expand Energy Corporation |
19,775.92 | 13,915.00 |
 Exxon Mobil Corporation |
684,383.40 | 396,627.00 |
 Chevron Corp |
420,555.27 | 215,261.00 |
 Shell Plc |
297,786.92 | 266,886.00 |
 Totalenergies Se |
195,834.46 | 162,863.00 |
 Nextera Energy Inc |
184,654.30 | 27,866.00 |
| SUBTOTAL | 3,971,784.06 | 2,950,528.40 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Expand Energy Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Expand Energy's Competitors Named by the Company
Competitive relationships identified from Expand Energy reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Chief | Company report | 85% |
| Tug Hill, Inc. | Company report | 85% |
| Chesapeake | Company report | 85% |
| Range Resources Corporation | Company report | 85% |
| Coterra Energy Inc | Company report | 85% |
| Comstock Resources Inc | Company report | 85% |
| Gulfport Energy Corporation | Company report | 85% |
| Antero Resources Corporation | Company report | 85% |
| Eqt Corporation | Company report | 85% |
| Sm Energy Co | Company report | 85% |
| Silverbow Resources Inc | Company report | 85% |
| Northern Oil And Gas Inc | Company report | 85% |
| Kosmos Energy Ltd | Company report | 85% |
| Cnx Resources Corporation | Company report | 85% |
| Permian Resources Corporation | Company report | 85% |
| Matador Resources Company | Company report | 85% |
| Earthstone Energy Inc | Company report | 85% |
| Whiting Petroleum Corp | Company report | 85% |
| Riley Exploration Permian Inc | Company report | 85% |
| Murphy Oil Corporation | Company report | 85% |
| Vital Energy inc | Company report | 85% |
| Callon Petroleum Co | Company report | 85% |
| Ring Energy Inc | Company report | 85% |
| Chord Energy Corporation | Company report | 85% |
Company report basis, confidence, active dates and source counts for Expand Energy's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Expand Energy's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Expand Energy Corporation | Marketing 83.93 % |
| Chevron Corp | Reportable Segment, Aggregation before Other Operating 99.73 % |
| Marathon Petroleum Corporation | Refining and Marketing 94.77 % |
| Valero Energy Corp | Refining 96.26 % |
| Williams companies inc | Transmission, Power & Gulf 47.62 % |
| Eog Resources Inc | United States of America 98.40 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Expand Energy's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Expand Energy Corporation | 19,776 | - | - |
| Exxon Mobil Corporation | 684,383 | 6,838,397 | 707,224 |
| Chevron Corp | 420,555 | 5,001,533 | 487,116 |
| Shell Plc | 297,787 | 3,139,835 | 213,165 |
| Totalenergies Se | 195,834 | 17,683,279 | 1,450,271 |
| Nextera Energy Inc | 184,654 | 1,601,494 | 376,782 |
| PEERS TOTAL | 3,952,008 | 2,320,696 | 264,719 |
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Expand Energy's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Occidental Petroleum Corporation | Non-US 20.75 % |
| Sea Limited | Southeast Asia excluding Singapore 62.69 % |
| Sharkninja Inc | North America 66.47 % |
| Sm Energy Co | Permian Basin 50.83 % |
| Enphase Energy Inc | United States 79.60 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Expand Energy's Position in Industry Market Structure
Market-capitalization share and concentration across all 112 companies in Expand Energy's industry classification, broader than the peer set above. Market cap in millions of $.Expand Energy ranks #17 of 112 companies by market capitalization in its industry, holding 1.27 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 794, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Shell Plc | 300,595 | 18.70 % |
| 2 | Totalenergies Se | 212,794 | 13.24 % |
| 3 | Petrobras Petroleo Brasileiro Sa | 139,914 | 8.70 % |
| 4 | Canadian Natural Resources Limited | 107,834 | 6.71 % |
| 5 | Eni Spa | 1,234 | 5.2% |
| 6 | Eog Resources Inc | 1,234 | 5.2% |
| 7 | Slb Limited | 1,234 | 5.2% |
| 8 | Occidental Petroleum Corporation | 1,234 | 5.2% |
| 9 | Diamondback Energy Inc | 1,234 | 5.2% |
| 10 | Cenovus Energy Inc | 1,234 | 5.2% |
| 17 | Expand Energy Corporation | 20,341 | 1.27 % |
Market cap and industry share for the rest of Expand Energy's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-05.
Expand Energy's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 12 | Devon Energy Corp | 40,307 | 37.51 % |
| 13 | Ecopetrol S a | 31,950 | 71.73 % |
| 14 | Eqt Corporation | 31,842 | -4.96 % |
| 15 | Pembina Pipeline Corporation | 27,721 | 32.07 % |
| 16 | Halliburton Company | 1,234 | 12.3% |
| 17 | Expand Energy Corporation | 20,341 | -19.68 % |
| 18 | Texas Pacific Land Corporation | 1,234 | 12.3% |
| 19 | Permian Resources Corporation | 1,234 | 12.3% |
| 20 | Ovintiv Inc | 1,234 | 12.3% |
| 21 | Apa Corporation | 1,234 | 12.3% |
| 22 | Range Resources Corporation | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Expand Energy's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-05. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Expand Energy's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Oil And Gas Production industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (244 companies). See the full Oil And Gas Production industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 52.22 % | 26.23 % (avg) | +26.0 pp |
| Operating Margin | 25.71 % | industry median | +19.5 pp |
| EBITDA Margin | 46.71 % | 18.21 % (avg) | +28.5 pp |
| Capital Intensity (Capex / Revenue) | 21.84 % | 27.10 % (avg) | -5.3 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Expand Energy's Valuation vs Competitive Position
Valuation multiples vs the Oil And Gas Production industry average (244 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Oil And Gas Production industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 8.0x | 16.4x | -8.4x |
| EV / EBITDA | 3.9x | 9.5x | -5.6x |
| P/B | 1.1x | 2.0x | -0.9x |
| Return on Equity | 14.29 % | industry aggregate | 2.02 % |
| Return on Invested Capital | 7.80 % | 0.90 % (avg) | 6.90 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Expand Energy's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2015 | 2017 | 2018 | 2019 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue Growth | -39.08 % | -6.93 % | 10.71 % | -15.99 % | -25.73 % | -51.44 % | 186.28 % |
| Operating Margin | -148.22 % | 19.32 % | 8.62 % | -0.36 % | 36.03 % | -18.96 % | 20.38 % |
| Return on Invested Capital | -107.99 % | 19.35 % | 9.36 % | -0.17 % | 13.54 % | -2.87 % | 5.63 % |
| P/E | - | - | - | - | 4.9x | - | 14.7x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Expand Energy's Strategic Group Map
Expand Energy is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Expand Energy's trailing-12-month revenue growth of 28.2% and operating margin of 25.7% compares with an average of 23.4% growth and 25.6% margin across its 8 closest peers by combined growth, margin and ROIC -- Expand Energy sits above that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Expand Energy's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Expand Energy falls in the Dog quadrant: relative market share of 0.07x vs its largest competitor, in an industry growing revenue -2.1% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Expand Energy's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 794 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 21.84 % vs industry average 27.10 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Expand Energy's dedicated Suppliers and Customers pages, not here.
Expand Energy's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Expand Energy falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Expand Energy's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 19.5 points above the industry median.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-5.5% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.07x).
Opportunities
- Trades at a lower P/E than the industry average (8.0x vs 16.4x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Expand Energy's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Expand Energy Corporation | 0.27 | 1.00 | 0.24 |
| Exxon Mobil Corporation | 0.12 | 1.13 | 0.16 |
| Chevron Corp | 0.01 | 1.16 | 0.21 |
| Shell Plc | 0.37 | 1.30 | 0.05 |
| Totalenergies Se | 0.28 | 0.97 | 0.02 |
| Nextera Energy Inc | 0.09 | 0.56 | 1.42 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Expand Energy's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Expand Energy Corporation | Q3 2026 | +10.8 % | -5.1 % |
| Exxon Mobil Corporation | Q3 2026 | +32.7 % | +98.4 % |
| Chevron Corp | Q2 2026 | +56.3 % | +385.6 % |
| Shell Plc | Q4 2025 | -6.1 % | +9.7 % |
| Totalenergies Se | Q4 2025 | -7.1 % | -16.7 % |
| Nextera Energy Inc | Q1 2026 | +7.3 % | +263.8 % |
| PEERS TOTAL | +9.4 % | +67.6 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Expand Energy's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Expand Energy Corporation | Q3 2026 | +169.5 % | +8.1 % |
| Exxon Mobil Corporation | Q3 2026 | - | -17.7 % |
| Chevron Corp | Q2 2026 | +36.3 % | +22.3 % |
| Shell Plc | Q4 2025 | - | - |
| Totalenergies Se | Q4 2025 | - | - |
| Nextera Energy Inc | Q1 2026 | +21.2 % | - |
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Expand Energy's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Expand Energy Corporation | 9.53% | 10.36% | 14.29% |
| Exxon Mobil Corporation | 8.87% | 9.71% | 15.39% |
| Chevron Corp | 6.40% | 6.49% | 10.85% |
| Shell Plc | 4.89% | 4.22% | 10.33% |
| Totalenergies Se | 4.59% | 11.37% | 11.37% |
| Nextera Energy Inc | 3.13% | 3.18% | 10.14% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Expand Energy's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Expand Energy Corporation | 7.40 | 1.42 |
| Exxon Mobil Corporation | 17.06 | 1.73 |
| Chevron Corp | 20.30 | 1.95 |
| Shell Plc | 16.70 | 1.12 |
| Totalenergies Se | 17.33 | 1.20 |
| Nextera Energy Inc | 21.21 | 6.63 |
| PEERS AVERAGE | 11.76 | 1.35 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.