회사 개요
Expand Energy Corporation is an independent natural gas production entity based in the United States, specializing in the acquisition, exploration, and development of properties to generate oil, natural gas, and natural gas liquids. The company operates within the Energy sector and specifically functions in the Oil & Gas E&P industry, where its primary focus is on extracting and producing hydrocarbon resources from reserves such as the Marcellus Shale in the northern Appalachia region. According to the latest available data, the corporation maintains a substantial market capitalization of $23.92 billion while generating an annual revenue of $11.64 billion with an operational workforce of 1,600 employees. These valuation and revenue figures indicate that the company holds a significant position within the mid-to-large cap energy landscape, reflecting a mature operation with substantial asset base and production capacity that distinguishes it from smaller exploration and production firms.
재무 건전성
The company reported a total revenue of $11.64 billion and a net income of $1.82 billion for the trailing twelve-month period, supported by an EBITDA of $5.62 billion. The substantial gap between the $11.64 billion revenue and the $1.82 billion net income reveals a cost structure where operating expenses, including depletion, depreciation, and amortization, along with taxes, absorb approximately 84.4% of total sales before interest and other non-operating items. The company generated $1.18 billion in free cash flow, which signifies a robust ability to service debt obligations, fund capital expenditures, and potentially return capital to shareholders without relying on external financing. Analyzing the profitability metrics, the gross margin stands at 45.3%, indicating efficient extraction and sales pricing relative to direct production costs, while the operating margin of 27.5% reflects effective management of overhead and administrative expenses. The profit margin of 15.6% demonstrates the final net profitability after all expenses, taxes, and interest, showing that for every dollar of revenue, 15.6 cents translates to net income. Regarding liquidity and leverage, the total cash on hand amounts to $616.00 million against total debt of $5.11 billion, resulting in a debt-to-equity ratio of 27.50, which suggests a leveraged balance sheet typical of capital-intensive energy sectors but requires careful monitoring of interest coverage. The current ratio is exactly 1.00, indicating that the company's current assets perfectly match its current liabilities, suggesting a neutral position in short-term liquidity management where immediate obligations are fully covered by short-term resources. Management effectiveness is further evidenced by a return on equity of 10.1% and a return on assets of 5.9%, metrics that reveal how efficiently the company utilizes shareholder capital and total assets to generate profit, respectively.
밸류에이션 평가
The valuation metrics for Expand Energy Corporation show a trailing twelve-month P/E ratio of 13.14 compared to a forward P/E of 10.46, implying that the market expects earnings growth that would lower the multiple over time or that current earnings are elevated relative to future expectations. The price-to-book ratio is recorded at 1.28, indicating that the market values the company at a slight premium of 28% over its net asset book value, which often reflects intangible assets or growth prospects not fully captured on the balance sheet. Alternative valuation measures such as the price-to-sales ratio of 2.06 and an EV/EBITDA of 5.06 provide context for the company's relative valuation against peers, suggesting the stock is trading at a reasonable multiple relative to its sales and earnings power before interest, taxes, depreciation, and amortization. The stock has historically traded between a 52-week high of $126.62 and a 52-week low of $91.02, providing a volatility range that investors must consider when assessing entry points or exit strategies based on historical price action. The beta value of 0.46 indicates that the stock exhibits significantly lower volatility than the broader market, moving with less intensity than the S&P 500 and offering a potentially defensive characteristic within the high-beta energy sector.
Growth & Income
Revenue growth for the trailing twelve months stands at an impressive 38.3% year-over-year, while earnings growth data is listed as N/A, suggesting that the expansion in revenue may not have fully translated into proportional net income growth in the most recent reporting period or that the calculation methodology differs from standard industry practices. As the company pays a dividend, the dividend yield is set at 3.2% with a payout ratio of 42.1%, which indicates a sustainable dividend policy where the company distributes less than half of its earnings, leaving ample room for reinvestment in exploration and development activities. The sustainability of this payout is reinforced by the strong free cash flow generation, ensuring that the 3.2% yield does not jeopardize the company's long-term capital needs or future growth initiatives. Overall, the growth and income profile presents a company with strong top-line expansion and a reliable, moderately high dividend yield, positioning it as a potential source of both capital appreciation and income within the energy sector.