Expand Energy shares slide as investors digest 2026 outlook update alongside softer natural-gas prices

Expand Energy Corporation (EXE) is down 3.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The decline appears tied to investors repositioning after the company’s fourth-quarter and full-year 2025 results and its Feb. 18, 2026 outlook/capex presentation. Even with solid reported results, a weaker natural-gas tape and uncertainty around forward spending and returns can pressure shares on the day.

Details:

The company filed an 8-K covering its fourth-quarter and full-year 2025 financial and operational results, alongside a related investor presentation focused on 2026 outlook and capital expenditures.

The presentation date (Feb. 18, 2026) can act as a near-term catalyst as the market digests updates to production plans, capex pacing, and shareholder-return priorities.

Natural-gas futures have been volatile and recently moved lower on weather and demand expectations, which can weigh on sentiment for gas-weighted producers.

This could also reflect residual governance and strategy uncertainty following the recent CEO transition and planned headquarters relocation, which previously prompted a sharp one-day selloff.

Sources:

SEC

Barchart

Houston Chronicle

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$EXE Hedge Fund Activity

We have seen 473 institutional investors add shares of $EXE stock to their portfolio, and 408 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 8,408,029 shares (-75.6%) from their portfolio in Q4 2025, for an estimated $927,910,080
CAPITAL RESEARCH GLOBAL INVESTORS added 5,291,948 shares (+33.2%) to their portfolio in Q4 2025, for an estimated $584,019,381
1832 ASSET MANAGEMENT L.P. removed 3,822,727 shares (-99.1%) from their portfolio in Q4 2025, for an estimated $421,876,151
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added 2,414,311 shares (+36574.9%) to their portfolio in Q4 2025, for an estimated $266,443,361
BLACKROCK, INC. removed 2,192,588 shares (-10.8%) from their portfolio in Q4 2025, for an estimated $241,974,011
VICTORY CAPITAL MANAGEMENT INC added 2,160,979 shares (+192.0%) to their portfolio in Q4 2025, for an estimated $238,485,642
CASTLE HOOK PARTNERS LP removed 1,725,852 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $183,354,516

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$EXE Congressional Stock Trading

Members of Congress have traded $EXE stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $EXE stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 11/18 and 1 sale worth up to $15,000 on 12/19.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$EXE Analyst Ratings

Wall Street analysts have issued reports on $EXE in the last several months. We have seen 10 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Piper Sandler issued a "Overweight" rating on 01/28/2026
Barclays issued a "Overweight" rating on 01/21/2026
Stephens & Co. issued a "Overweight" rating on 01/20/2026
Citigroup issued a "Buy" rating on 12/19/2025
Mizuho issued a "Outperform" rating on 12/12/2025
UBS issued a "Buy" rating on 10/30/2025
Morgan Stanley issued a "Overweight" rating on 10/30/2025

To track analyst ratings and price targets for $EXE, check out Quiver Quantitative's $EXE forecast page.

$EXE Price Targets

Multiple analysts have issued price targets for $EXE recently. We have seen 13 analysts offer price targets for $EXE in the last 6 months, with a median target of $142.0.

Here are some recent targets:

Mike Scialla from Stephens & Co. set a target price of $146.0 on 02/18/2026
Mark Lear from Piper Sandler set a target price of $137.0 on 01/28/2026
Betty Jiang from Barclays set a target price of $126.0 on 01/21/2026
Lloyd Byrne from Jefferies set a target price of $143.0 on 01/08/2026
Josh Silverstein from UBS set a target price of $150.0 on 01/08/2026
Bob Brackett from Bernstein set a target price of $144.0 on 01/05/2026
Scott Gruber from Citigroup set a target price of $125.0 on 12/19/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.