# EXE · Expand Energy Corp

Snapshot 2026-10-26 · CIK 0000895126 · Nasdaq · Crude Petroleum & Natural Gas

Price 93.23 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 21.58 B

Machine-readable: https://theclaudetrader.com/s/EXE.json · index: https://theclaudetrader.com/llms.txt

## Scores

### Graham Defensive: 41.2 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2013–2025 · price 2026-10-23 · verification {'verified': 2, 'mismatch': 4, 'unverified': 21, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham
- 1 Adequate size: 12.12 revenue $B · threshold >= 1 · points 5.0/5
- 2a Current ratio: 0.96  · threshold >= 2.0 · points 0.0/15
- 2b Long-term debt vs working capital: None LTD / WC · threshold <= 1.0 · points 0.0/15
- 3 Positive earnings each of 10 years: 5 of 10  · threshold 10 of 10 · points 7.5/15
- 4 Dividends every year for 20 years: 5 of 20  · threshold 20 of 20 · points 3.75/15
- 5 EPS growth, 3-yr avg now vs 10 yrs ago: -8.55 -> 6.65  · threshold >= +33% · points 0.0/10
- 6 P/E on 3-year average EPS: 14.0  · threshold <= 15 · points 15.0/15
- 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 1.11, product 15.6  · threshold <= 1.5 or <= 22.5 · points 10.0/10

Inputs:
  - Price (close, per traded unit): 93.23 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Revenue: 12124000000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - current_assets: 2842000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - current_liabilities: 2965000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - lt_debt: 3685000000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - equity: 19410000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - Net income FY2016: -3493000000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512619000146/ · unverified
  - Net income FY2017: -505000000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512621000022/ · unverified
  - Net income FY2018: 226000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512621000078/ · unverified
  - Net income FY2019: -308000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512622000029/ · unverified
  - Net income FY2020: -9734000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512623000022/ · unverified
  - Net income FY2021: 6328000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000110465926048155/ · unverified
  - Net income FY2022: 4936000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512625000021/ · unverified
  - Net income FY2023: 2419000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Net income FY2024: -714000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Net income FY2025: 1819000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Dividend years (Yahoo): [2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/EXE/history?filter=div · mismatch
  - Dividends per share FY2013 (XBRL): 0.35 · 2013-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/895126/000089512616000395/ · mismatch
  - Dividends per share FY2014 (XBRL): 0.35 · 2014-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/895126/000089512617000068/ · mismatch
  - Dividends per share FY2015 (XBRL): 0.0875 · 2015-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/895126/000089512618000060/ · mismatch
  - Dividends per share FY2016 (XBRL): 0.0 · 2016-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/895126/000089512618000060/ · verified
  - Dividends per share FY2017 (XBRL): 0.0 · 2017-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/895126/000089512618000060/ · verified
  - EPS diluted FY2014: 1.87 · 2014-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/895126/000089512617000068/ · unverified
  - EPS diluted FY2015: -22.26 · 2015-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/895126/000089512618000060/ · unverified
  - EPS diluted FY2016: -5.26 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/895126/000089512619000146/ · unverified
  - EPS diluted FY2023: 16.92 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - EPS diluted FY2024: -4.55 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - EPS diluted FY2025: 7.57 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Shares outstanding: 231503789.0 · 2026-07-24 · SEC cover page 10-Q 0000895126-26-000047 (231,503,789 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/exe-20260630.htm · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/R1.htm

### Magic Formula: 56.5 (ok) · complete: True · missing tests: none · current inputs as of 2026-03-31 · stale inputs: operating_income_q, debt_incl_current · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula
-  Earnings yield (EBIT/EV): 14.12 % · threshold  · points /
-  Return on capital (EBIT/(NWC+PPE)): 15.05 % · threshold  · points /
-  Combined rank: 167  · threshold  · points /

Inputs:
  - operating_income: 2471000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/
  - operating_income_q: 1531000000.0 · 2026-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000028/
  - operating_income_q: -268000000.0 · 2025-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000028/
  - operating_income_q: 661000000.0 · 2026-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/
  - operating_income_q: 1269000000.0 · 2025-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/
  - current_assets: 2842000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/
  - current_liabilities: 2965000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/
  - cash: 663000000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/
  - ppe_net: 24450000000.0 · 2026-06-30 · SEC XBRL PropertyPlantAndEquipmentNet · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/
  - debt_incl_current: 5008000000.0 · 2026-03-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/895126/000089512626000028/
  - shares_out: 231503789.0 · 2026-07-24 · SEC cover page 10-Q 0000895126-26-000047 (231,503,789 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/exe-20260630.htm · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/R1.htm
  - Price (close): 93.23 · 2026-10-23 · Yahoo Finance / Alpaca Market Data · 
  - note: debt = LongTermDebt (incl. current maturities) ·  ·  · 

### Momentum: 37.3 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum
-  12-1 month return: -14.8 % · threshold  · points 9.7/50
-  6 month return: -2.0 % · threshold  · points 7.5/20
-  Price / 52-week high: 0.772  · threshold  · points 11.6/15
-  Volatility penalty (60d annualised): 26.2 % · threshold  · points 8.5/15

Inputs:
  - Adjusted close series (14 months): 93.23 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · 

### Insider: 0.0 (no open-market transactions in window) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider
-  Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold  · points 0.0/35
-  Distinct buyers: 0  · threshold  · points 0.0/25
-  Buyer seniority: 0.0  · threshold  · points 0.0/20
-  Recency (half-life 30d): 0.0  · threshold  · points 0.0/10
-  Sales penalty (excludes 10b5-1 plan sales): 0.0 bp · threshold  · points -0.0/0

### Buffett Quality: 56.9 (ok) · complete: True · missing tests: none · current inputs as of 2026-03-31 · stale inputs: debt_incl_current · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 45, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett
- 1 Average return on equity (net income / year-end equity): 28.2% over 7 yrs  · threshold >= 15% · points 25.0/25
- 2 Profitable every year: 5 of 10  · threshold all years · points 7.5/15
- 3 Net income growth, 3-yr average now vs start of window: base or latest average not positive  · threshold >= +10% · points 0.0/10
- 4 Borrowings / 3-yr average earnings (years to repay): 4.3 years · threshold <= 4 · points 14.0/15
- 5 Operating margin, 5-yr average: 17.3%  · threshold >= 20% · points 7.8/10
- 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 0.39  · threshold >= 1.0 · points 0.0/10
- 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 3.7%  · threshold >= 7% · points 2.6/15

Inputs:
  - Price (close, per traded unit): 93.23 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Net income FY2018: 226000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512621000078/ · unverified
  - Equity at FY2018 end: 2092000000.0 · 2018-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/895126/000089512621000022/ · unverified
  - Net income FY2019: -308000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512622000029/ · unverified
  - Equity at FY2019 end: 4364000000.0 · 2019-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/895126/000089512621000078/ · unverified
  - Net income FY2021: 6328000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000110465926048155/ · unverified
  - Equity at FY2021 end: 5671000000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/895126/000089512625000021/ · unverified
  - Net income FY2022: 4936000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512625000021/ · unverified
  - Equity at FY2022 end: 9124000000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Net income FY2023: 2419000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Equity at FY2023 end: 10729000000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Net income FY2024: -714000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Equity at FY2024 end: 17565000000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - Net income FY2025: 1819000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Equity at FY2025 end: 18578000000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - Net income FY2016: -3493000000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512619000146/ · unverified
  - Net income FY2017: -505000000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512621000022/ · unverified
  - Net income FY2018: 226000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512621000078/ · unverified
  - Net income FY2019: -308000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512622000029/ · unverified
  - Net income FY2020: -9734000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512623000022/ · unverified
  - Net income FY2021: 6328000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000110465926048155/ · unverified
  - Net income FY2022: 4936000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512625000021/ · unverified
  - Net income FY2023: 2419000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Net income FY2024: -714000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Net income FY2025: 1819000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - debt_incl_current: 5008000000.0 · 2026-03-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/895126/000089512626000028/ · unverified
  - Operating income FY2021: 938000000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512624000013/ · unverified
  - Revenue FY2021: 5549000000.0 · 2021-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/895126/000089512624000013/ · unverified
  - Operating income FY2022: 3780000000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512625000021/ · unverified
  - Revenue FY2022: 11743000000.0 · 2022-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/895126/000089512625000021/ · unverified
  - Operating income FY2023: 3142000000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Revenue FY2023: 8721000000.0 · 2023-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Operating income FY2024: -803000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Revenue FY2024: 4235000000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Operating income FY2025: 2471000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Revenue FY2025: 12124000000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Operating cash flow FY2021: 1809000000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/895126/000089512624000013/ · unverified
  - Capital expenditure FY2021: 669000000.0 · 2021-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/895126/000089512624000013/ · unverified
  - Operating cash flow FY2022: 4125000000.0 · 2022-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/895126/000089512625000021/ · unverified
  - Capital expenditure FY2022: 1823000000.0 · 2022-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/895126/000089512625000021/ · unverified

### Lynch GARP: 26.4 (partial: 1, 2, 5) · complete: False · missing tests: 1, 2, 5 · current inputs as of 2026-03-31 · stale inputs: debt_incl_current · history 2025–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 4, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch
- 1 PEG: P/E divided by 5-yr EPS growth (in % points): None  · threshold <= 1.0 · points None/30
- 2 EPS growth, 5-yr compound rate: None  · threshold 12% to 35% a year · points None/20
- 3 P/E on latest annual EPS: 12.3  · threshold <= 25 · points 10.0/10
- 4 Borrowings / equity: 0.26  · threshold <= 0.5 · points 15.0/15
- 5 Years of the last 5 in which EPS rose: None  · threshold 5 of 5 · points None/15
- 6 Net cash (cash minus borrowings) / market cap: -20.1%  · threshold >= +10% · points 1.4/10

Inputs:
  - Price (close, per traded unit): 93.23 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - EPS diluted FY2025: 7.57 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - debt_incl_current: 5008000000.0 · 2026-03-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/895126/000089512626000028/ · unverified
  - equity: 19410000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - cash: 663000000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified

### Graham Enterprising: 42.0 (partial: 5) · complete: False · missing tests: 5 · current inputs as of 2026-06-30 · stale inputs: none · history 2021–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 8, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising
- 1 Current ratio: 0.96  · threshold >= 1.5 · points 0.0/15
- 2 Borrowings vs working capital: None  · threshold <= 1.1x · points 0.0/15
- 3 No earnings deficit in the last 5 years: 4 of 5 profitable  · threshold 5 of 5 · points 12.0/15
- 4 Pays a current dividend: yes  · threshold yes · points 10.0/10
- 5 EPS higher than five years earlier: None  · threshold higher · points None/10
- 6 Price / book value per share: 1.11  · threshold <= 1.2 · points 20.0/20
- 7 Price / net current asset value per share (current assets minus all liabilities): None  · threshold <= 0.67 · points 0.0/15

Inputs:
  - Price (close, per traded unit): 93.23 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - current_assets: 2842000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - current_liabilities: 2965000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - Net income FY2021: 6328000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000110465926048155/ · unverified
  - Net income FY2022: 4936000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512625000021/ · unverified
  - Net income FY2023: 2419000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Net income FY2024: -714000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Net income FY2025: 1819000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - Dividend years (Yahoo): [2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/EXE/history?filter=div
  - equity: 19410000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - Shares outstanding: 231503789.0 · 2026-07-24 · SEC cover page 10-Q 0000895126-26-000047 (231,503,789 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/exe-20260630.htm · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/R1.htm

### Piotroski F-Score: 100.0 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski
- 1 Return on assets is positive: 6.4%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 2 Operating cash flow is positive: 4,575M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 3 Return on assets improved on the prior year: -2.6% -> 6.4%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 4 Operating cash flow exceeds net income (accruals): 4,575M vs 1,819M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 5 Long-term debt / assets fell: 19.0% -> 17.7%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 6 Current ratio improved: 0.64 -> 1.01  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 7 No new shares issued (share count did not rise): 238M -> 232M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): -19.0% -> 20.4%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 9 Asset turnover (revenue / assets) improved: 0.15 -> 0.43  · threshold pass = 1 · points 11.11111111111111/11.11111111111111

Inputs:
  - net_income 2025-12-31: 1819000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - total_assets 2025-12-31: 28287000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - cfo 2025-12-31: 4575000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - net_income 2025-12-31: 1819000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - net_income 2024-12-31: -714000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - total_assets 2025-12-31: 28287000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - total_assets 2024-12-31: 27894000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - cfo 2025-12-31: 4575000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - net_income 2025-12-31: 1819000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-048155) · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - lt_debt 2025-12-31: 5009000000.0 · 2025-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - lt_debt 2024-12-31: 5291000000.0 · 2024-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - total_assets 2025-12-31: 28287000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - total_assets 2024-12-31: 27894000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - current_assets 2025-12-31: 2916000000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - current_assets 2024-12-31: 1997000000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - current_liabilities 2025-12-31: 2901000000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - current_liabilities 2024-12-31: 3123000000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - shares_out 2026-07-24: 231503789.0 · 2026-07-24 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - shares_out 2025-07-24: 238145675.0 · 2025-07-24 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/895126/000089512625000084/ · unverified
  - operating_income 2025-12-31: 2471000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - operating_income 2024-12-31: -803000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - revenue 2025-12-31: 12124000000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - revenue 2024-12-31: 4235000000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - revenue 2025-12-31: 12124000000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - revenue 2024-12-31: 4235000000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified
  - total_assets 2025-12-31: 28287000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/ · unverified
  - total_assets 2024-12-31: 27894000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/ · unverified

## Market value, source trail

- Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used
- Traded price: 93.23 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1
- SEC shares outstanding: 231,503,789 underlying shares, period 2026-07-24, SEC cover page 10-Q 0000895126-26-000047 (231,503,789 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/exe-20260630.htm, accession 0000895126-26-000047 · https://www.sec.gov/Archives/edgar/data/895126/000089512626000047/R1.htm
- Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None
- Market value (price date x latest reported shares): 21,583,098,248 USD; 93.23 (price 2026-10-23) / 1 x 231,503,789 (shares at 2026-07-24) = 21,583,098,248

## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends)

- FY2013 (ended 2013-12-31): 19080000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512616000395/
- FY2014 (ended 2014-12-31): 23125000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512617000068/
- FY2015 (ended 2015-12-31): 12764000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512618000060/
- FY2016 (ended 2016-12-31): 8705000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512619000146/
- FY2017 (ended 2017-12-31): 10039000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512621000022/
- FY2018 (ended 2018-12-31): 10030000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512621000078/
- FY2019 (ended 2019-12-31): 8532000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512622000029/
- FY2020 (ended 2020-12-31): 5240000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512623000022/
- FY2021 (ended 2021-12-31): 5549000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512624000013/
- FY2022 (ended 2022-12-31): 11743000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512625000021/
- FY2023 (ended 2023-12-31): 8721000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/
- FY2024 (ended 2024-12-31): 4235000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/
- FY2025 (ended 2025-12-31): 12124000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/

## Net income by fiscal year (SEC XBRL)

- FY2013 (ended 2013-12-31): 724000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512616000395/
- FY2014 (ended 2014-12-31): 1917000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512617000068/
- FY2015 (ended 2015-12-31): -14567000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512618000060/
- FY2016 (ended 2016-12-31): -3493000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512619000146/
- FY2017 (ended 2017-12-31): -505000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512621000022/
- FY2018 (ended 2018-12-31): 226000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512621000078/
- FY2019 (ended 2019-12-31): -308000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512622000029/
- FY2020 (ended 2020-12-31): -9734000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512623000022/
- FY2021 (ended 2021-12-31): 6328000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000110465926048155/
- FY2022 (ended 2022-12-31): 4936000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512625000021/
- FY2023 (ended 2023-12-31): 2419000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/
- FY2024 (ended 2024-12-31): -714000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/
- FY2025 (ended 2025-12-31): 1819000000.0 · https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/

## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets)

- FY2013 (ended 2013-12-31): 0.73 [filed 0.73, split factor 1.0]
- FY2014 (ended 2014-12-31): 1.87 [filed 1.87, split factor 1.0]
- FY2015 (ended 2015-12-31): -22.26 [filed -22.26, split factor 1.0]
- FY2016 (ended 2016-12-31): -5.26 [filed -5.26, split factor 1.0]
- FY2017 (ended 2017-12-31): -139.32 [filed -139.32, split factor 1.0]
- FY2018 (ended 2018-12-31): 29.26 [filed 29.26, split factor 1.0]
- FY2019 (ended 2019-12-31): -49.97 [filed -49.97, split factor 1.0]
- FY2020 (ended 2020-12-31): -998.26 [filed -998.26, split factor 1.0]
- FY2021 (ended 2021-12-31): 8.12 [filed 8.12, split factor 1.0]
- FY2022 (ended 2022-12-31): 33.36 [filed 33.36, split factor 1.0]
- FY2023 (ended 2023-12-31): 16.92 [filed 16.92, split factor 1.0]
- FY2024 (ended 2024-12-31): -4.55 [filed -4.55, split factor 1.0]
- FY2025 (ended 2025-12-31): 7.57 [filed 7.57, split factor 1.0]

## Dividend years (Yahoo history)

2021, 2022, 2023, 2024, 2025, 2026

## Insider transactions (SEC Form 4 data set, latest 40)

- 2026-06-12 P Wichterich Michael (CEO) 1000 @ 88.90 = 88900 · https://www.sec.gov/Archives/edgar/data/895126/000184084526000009/
- 2026-06-04 P Teunissen Marcel (CFO) 2000 @ 92.88 = 185760 · https://www.sec.gov/Archives/edgar/data/895126/000173093526000011/
- 2026-06-04 P Wichterich Michael (CEO) 1000 @ 93.36 = 93360 · https://www.sec.gov/Archives/edgar/data/895126/000184084526000006/
- 2026-05-07 P Teunissen Marcel (CFO) 2000 @ 96.43 = 192860 · https://www.sec.gov/Archives/edgar/data/895126/000173093526000009/

## Links

- sec_filings: https://www.sec.gov/edgar/browse/?CIK=0000895126
- sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000895126.json
- sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000895126&type=4
- sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000895126&type=8-K
- yahoo: https://finance.yahoo.com/quote/EXE
- stooq: https://stooq.com/q/d/?s=exe.us
- morningstar (link only, nothing stored): https://www.morningstar.com/search?query=EXE
- finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=EXE
- stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/exe/
- seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/EXE
- openinsider (link only, nothing stored): http://openinsider.com/search?q=EXE
- google_news (link only, nothing stored): https://news.google.com/rss/search?q=EXE+stock

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/EXE; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.

Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.