Piper Sandler Reiterates “Buy” Rating on Expand Energy Corporation (EXE) With $138 PT

With significant hedge fund interest, Expand Energy Corporation (NASDAQ:EXE) secures a spot on our list of the 12 best commodity stocks to buy right now.

On November 18, 2025, Piper Sandler’s Mark Lear reiterated a “Buy” rating on Expand Energy Corporation (NASDAQ:EXE) with a $138 price target.

Meanwhile, Expand Energy Corporation (NASDAQ:EXE) reported Q3 2025 results on October 28. During the earnings call, the company’s management highlighted that the same volume is achieved with seven rigs, instead of the 13 required in 2023. With this, the company’s year-to-date costs were recorded as 30% below competitors’ costs. With well productivity up 40% above basin averages, the management expects to spend $150 million less to deliver higher 2025 volumes.

Furthermore, Expand Energy Corporation (NASDAQ:EXE) recorded $1.2 billion in gross debt reduction and returned $850 million to shareholders since the October 2024 merger. Carrying this momentum forward into 2026, management expects to supply 7.5 Bcf/d with the same capital expenditures as in 2025.

While Expand Energy Corporation (NASDAQ:EXE)’s management acknowledged mixed results in Western Haynesville and the early stage of its marketing strategy, it remains confident in its long-term growth trajectory, thanks to long-term Gulf Coast demand, premium contracts such as Lake Charles Methanol, and ongoing optimization efforts.

Expand Energy Corporation (NASDAQ:EXE), an independent natural gas producer, focuses on efficient and low-cost development across the U.S.

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Disclosure: None.