Analysts Lower Expand Energy Targets to $126–$140, Maintain Overweight Ratings
Three brokerages trimmed Expand Energy’s price targets to $137 (from $138), $126 (from $136) and $140 (from $143) while retaining Overweight ratings, reflecting softer WAHA, oil and NGL pricing. Stephens cited Haynesville assets primed for LNG growth and Piper Sandler forecasts robust 2026 gas production results.
1. Analysts Adjust Price Targets
Three leading brokerages reduced Expand Energy’s 2026 price targets by $1–$10, setting them at $137, $126 and $140, yet all maintained Overweight ratings, indicating confidence in the company’s long-term cash flow generation.
2. Challenges from WAHA, Oil and NGL Pricing
Piper Sandler pointed to weaker WAHA hub pricing and soft oil and NGL markets as headwinds, though it expects strong fourth-quarter gas results to partially offset these pressures.
3. Haynesville Assets Drive LNG Growth Outlook
Stephens highlighted Expand Energy’s Haynesville portfolio as a key growth driver, anticipating rising LNG export demand and power generation needs to support increased natural gas output over the next four years.