Chesapeake Energy Corporation / Expand Energy EV-EBITDAX valuation
as of 2026-07-24
Fair value per share
$105.31
Upside / downside
14.1%
Normalized annual EBITDAX
$5.60
Implied enterprise value
$28.00
Implied equity value
$25.20
Current EV / normalized EBITDAX
4.44
Reference EXE price
$92.28
Balance sheet
$2.8$B
Capitalization
0.239B shares
Market data
$92.28$/share
Operations
$5.6$B
Valuation
5
Sources
Q1 2026 results reported $1.968 billion of adjusted EBITDAX, $1.704 billion of adjusted free cash flow, 7.44 Bcfe/d of production, and approximately 7.5 Bcfe/d full-year production guidance. — sec.gov
The Q1 2026 balance sheet reported approximately $5.0 billion of total debt at March 31, followed by approximately $1.3 billion of senior-note redemptions in April; the model estimates pro forma net debt pending the next reported balance sheet. — sec.gov
Fiscal 2025 adjusted EBITDAX was approximately $5.1 billion and 2026 capital spending guidance was approximately $2.85 billion. — sec.gov
Current EXE price was $92.28 and market capitalization was approximately $22.1 billion on July 24, 2026.
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