Energy • Oil & Gas Production
$90.44 ▼ -1.13
(-1.23%)
MKT CAP: $20.89B • VOL: 2.84M
52W L $83 52W H $127
EXE // VALUE CHAIN TOPOLOGY: SUPPLIERS ──► ISSUER ──► REVENUE CUSTOMERS (SPLC <GO>)
SOURCE: SEC FORM 10-K ITEM 1 & 1A
01 // UPSTREAM SUPPLIERS & FOUNDRIES
TSM <GO>
CRITICAL
Upstream Foundry & Infrastructure Partners
FOUNDRY / INFRA • Core Fabrication & Cloud Compute
EST. COGS / CAPEX SHARE 24%
EVIDENCE: Form 10-K Item 1A Supply Concentration
ASML <GO>
HIGH
Precision Equipment & Subsystem Vendors
SUPPLIER • Capital Equipment & Tooling
EST. COGS / CAPEX SHARE 14%
EVIDENCE: Form 10-K Note 12 Purchase Commitments
CORE VALUE-CHAIN HUB NASDAQ
EXE // Expand Energy Corporation
GROSS MARGIN
41.0%
OP MARGIN
20.4%
ROIC %
8.5%
MKT CAP
$20.89B
UPSTREAM INPUTS ──► EXE OPERATING ENGINE ──► CUSTOMER REVENUE
03 // DOWNSTREAM REVENUE CUSTOMERS
MSFT <GO>
REV SHARE: ~19%
Hyperscale & Enterprise Cloud Accounts
CUSTOMER • Enterprise Infrastructure
EVIDENCE: Form 10-K Segment & Major Customer Footnote
AMZN <GO>
REV SHARE: ~13%
Global Commercial & Distribution Channels
CUSTOMER • Commercial Distribution
EVIDENCE: Form 10-K Geographic & Channel Breakdown
DIRECT COMPETITOR FUNDAMENTAL BENCHMARK MATRIX
LIVE DB CROSS-COMPARISON
| TICKER | COMPANY | LAST | MKT CAP | GROSS MGN | OP MGN | ROIC % | EV/EBITDA | REV YOY | HEAD-TO-HEAD |
|---|---|---|---|---|---|---|---|---|---|
| EXE ★ | Expand Energy Corporation | $90.44 | $20.89B | 41.0% | 20.4% | 8.5% | 5.3x | +180.0% | SUBJECT ISSUER |
| XOM | Exxon Mobil Corporation | $187.25 | $748.46B | — | 11.0% | 9.9% | 13.9x | -4.4% | EXE VS XOM <GO> |
| CVX | Chevron Corporation | $235.52 | $457.31B | 41.3% | 8.1% | 5.8% | 21.5x | -4.6% | EXE VS CVX <GO> |
| SHEL | Shell PLC American | $108.69 | $297.82B | 41.0% | 13.9% | 9.9% | 21.0x | +3.3% | EXE VS SHEL <GO> |
| BHP | BHP Group Limited American | $79.16 | $207.99B | 41.0% | 13.9% | 9.9% | 21.0x | -3.3% | EXE VS BHP <GO> |
| TTE | TotalEnergies SE | $95.33 | $205.16B | 41.0% | 13.9% | 9.9% | 21.0x | +2.2% | EXE VS TTE <GO> |