Expand Energy Corporation (EXE): A Bull Case Theory

We came across a bullish thesis on Expand Energy Corporation on Stock Analysis Compilation’s Substack. In this article, we will summarize the bulls’ thesis on EXE. Expand Energy Corporation’s share was trading at $110.34 as of July 2^nd. EXE’s trailing and forward P/E were 25.28 and 14.71 respectively according to Yahoo Finance.

Expand Energy Corporation (EXE) has emerged as the largest independent natural gas producer in the U.S. following its transformative 2024 merger with Southwestern Energy. With core operations in the prolific Marcellus Formation and Haynesville Shale, EXE now holds a leading position in two of the most productive natural gas basins in North America.

This strategic scale-up has solidified the company’s role as a critical supplier to the fast-growing AI and robotics sectors, which are experiencing surging energy demands driven by the rapid buildout of data centers and edge computing networks. Natural gas remains a key source of reliable, scalable, and cost-effective energy for these applications, enabling AI infrastructure to operate efficiently and without interruption.

EXE’s strategic focus on high-volume, low-cost natural gas production allows it to meet this rising demand while maintaining attractive margins. The merger has also unlocked substantial operational synergies and economies of scale, enhancing EXE’s competitiveness against integrated energy majors. As AI and robotics adoption accelerates, the company’s position in the energy supply chain becomes increasingly essential, providing foundational support for technological innovation in the U.S.

Moreover, with the energy transition emphasizing lower-carbon power sources, EXE’s natural gas is positioned as a bridge fuel, facilitating decarbonization while ensuring energy reliability. The company’s scale, geographic diversification, and efficiency make it well-positioned to benefit from long-term secular demand tailwinds. Overall, EXE represents a unique opportunity to invest in the critical infrastructure underpinning the AI revolution, with the potential for robust growth and market leadership in the evolving energy landscape.

Previously we covered a bullish thesis on Comstock Resources, Inc. (CRK) by Deep Value Capital in June 2025, which highlighted the company’s low-cost Haynesville production and leverage to rising LNG and data center demand. The company’s stock price has appreciated by approximately 3.8% since our coverage. This is because natural gas prices recovered modestly. The thesis still stands as Comstock’s pure-play model remains attractive. Stock Analysis Compilation shares a similar view but emphasizes Expand Energy’s larger scale and role in powering AI infrastructure.

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Disclosure: None. This article was originally published at Insider Monkey.