Raymond James Maintains Strong Buy on Expand Energy, Raises Price Target to $147

8-K filing — EXPAND ENERGY Corp (EXE)

Filed: 2026-09-17 AccNo: 0001104659-26-108570 Size: 601 KB Item 1.01: Entry into a Material Definitive Agreement Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits

Shares of oil and gas exploration and production companies are trading lower as API data indicating a U.S. crude inventory weekly increase and EIA data showing that gasoline and distillate stored volumes grew since last week are pressuring stocks that have heavier exposure to the North American physical energy market. Also, reports suggesting Saudi Arabia is making efforts to get crude exports moving are dampening oil prices.

Natural Gas Posts a 3% Weekly Gain on Supportive Demand Trends

Natural gas prices gained 3% to $2.975/MMBtu as unusually warm weather boosted cooling demand and LNG export maintenance ended, increasing feedgas consumption by 12%. Storage builds trailed five-year averages, supporting prices, though strong U.S. production limited gains. The market shows improving demand dynamics with favorable supply-demand balance.