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EXPAND ENERGY vs Permian Resources (EXE vs PR)

Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.

EXPAND ENERGY is the larger company by revenue ($12.1B vs $5.1B) and market value ($20.9B vs $16.9B). EXPAND ENERGY grew revenue faster in its latest fiscal year (+186.3% vs +1.3%). Permian Resources runs the higher operating margin (28.9% vs 20.4%). EXPAND ENERGY trades at the lower trailing P/E (6.5x vs 22.0x).

About EXPAND ENERGY

Expand Energy Corp is an independent natural gas producer operating primarily in the United States. The company develops and produces natural gas, oil, and natural gas liquids from shale formations in Louisiana, Texas, Pennsylvania, West Virginia, and Ohio. It holds working interests in approximately 6,600 wells and focuses on supplying energy to domestic and international markets.

Head to head (EXE FY2025 vs PR FY2025)

MetricEXEFY2025PRFY2025
Revenue$12.12B$5.07B
Revenue growth (YoY)186.3%1.3%
Gross margin
Operating margin20.4%28.9%
Net margin15.0%18.5%
Net income$1.82B$935.2M
Diluted EPS$7.57$1.28
FCF margin15.2%
ROE9.8%8.1%
Debt / equity0.3×0.3×
Market cap$20.87B$16.90B
P/E (TTM)6.5×22.0×

Fundamentals are from each company’s SEC filings (EXE FY2025, PR FY2025). P/E and market cap are derived from recent market prices and update daily.

Five-year trend (as reported)

RevenueFY2021FY2022FY2023FY2024FY2025
EXE$11.74B$8.72B$4.24B$12.12B
PR$1.03B$2.13B$3.12B$5.00B$5.07B
Net incomeFY2021FY2022FY2023FY2024FY2025
EXE$6.33B$4.94B$2.42B$-714.0M$1.82B
PR$138.2M$515.0M$476.3M$984.7M$935.2M
Operating marginFY2021FY2022FY2023FY2024FY2025
EXE32.2%36.0%-19.0%20.4%
PR36.0%47.3%35.1%34.9%28.9%

Peer standing

Where each company ranks among the 61 oil and gas companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.

MetricEXEPR
Operating margin
20.4%57th percentile of 50
28.9%73rd percentile of 50
Net margin
15.0%63rd percentile of 58
18.5%70th percentile of 58
Revenue growth (YoY)
+186.3%97th percentile of 59
+1.3%43rd percentile of 59
ROE
9.8%60th percentile of 49
8.1%52nd percentile of 49
P/E (TTM)
6.5×13th percentile of 40
22.0×72nd percentile of 40
Debt / equity
0.27×28th percentile of 37
0.31×33rd percentile of 37
Short interest (days to cover)
1.72d19th percentile of 60
1.83d24th percentile of 60

Short interest

FINRA settlement dataEXEPR
Shares sold short7.7M27.2M
Change vs prior settlement+1.2%+7.0%
Days to cover1.721.83
As of settlement2026-06-302026-06-30

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.

Insider activity (last 90 days)

Form 4 open-market activityEXEPR
Buys4 ($560,880)0
Sells01 ($1.3M)

Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.

Held by the same investors

9 tracked 13F managers hold both EXPAND ENERGY and Permian Resources as of their latest quarterly filings: AQR Capital Management, Citadel Advisors, D. E. Shaw, First Eagle Investment Management, Gotham Asset Management, Millennium Management, Point72 Asset Management, Renaissance Technologies, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.