Director Matthew Gallagher of Expand Energy Corp purchased 1,000 shares of the company's common stock at $100.66 per share on February 19, 2026, a trade that totaled $100,660, according to a Form 4 filing with the Securities and Exchange Commission. The purchase raised Gallagher's direct stake in the company to 17,917 shares.
At the time of the transaction the stock was trading at $103.85, a level that InvestingPro indicates is below its Fair Value estimate for the company. Expand Energy is shown with a market value of $24.97 billion, a price-to-earnings ratio of 13.15 and a financial health rating listed as "GOOD." InvestingPro Tips note that eight analysts have revised earnings estimates upward for the upcoming period.
Operationally and financially, the company posted adjusted EBITDA of $1.425 billion, a result that fell between Benchmark's forecast of $1.525 billion and the consensus estimate of $1.36 billion. Management also reported that the reserve report came in ahead of expectations due to extensions and non-price related revisions; the company said the full details will be included in its forthcoming 10-K filing.
Sell-side research activity has been active around the stock. Stephens initially increased its price target on Expand Energy to $146 while maintaining an Overweight rating after the company reported fourth-quarter metrics in which cash flow per share, free cash flow and production each topped consensus by 15%, 13% and 1%, respectively. Stephens later trimmed that target to $140, citing a drop in gas prices, but left its Overweight rating intact.
Corporate governance and location changes were also disclosed. Domenic Dell'Osso has stepped down as CEO, and chairman Michael Wichterich has assumed the role of interim chief executive. The company announced plans to move its corporate headquarters from Oklahoma City to Houston by mid-2026, while noting that Oklahoma City will remain an operational center.
Investors seeking further analysis can reference the comprehensive Pro Research Report available for EXE and more than 1,400 other U.S. equities via InvestingPro.
Contextual note - The facts above are drawn from the Form 4 filing and company disclosures; full reserve and financial details will be available in the upcoming 10-K.