Expand Energy Corp. (EXE): First Take: EPS Beat vs Consensus, Focus on Commercial and Marketing Outlook Following Recent Acquisition

Research evidence excerpt

Expand Energy Corp. (EXE): First Take: EPS Beat vs Consensus, Focus on Commercial and Marketing Outlook Following Recent Acquisition

ciation of Japan Type II Financial Instruments Firms Association, and

Investment Management Association of Japan. Sales and purchase of equities are subject to commission pre-determined with clients plus consumption

tax. See company-specific disclosures as to any applicable disclosures required by Japanese stock exchanges, the Japanese Securities Dealers

Association or the Japanese Securities Finance Company.

Ratings, coverage universe and related definitions

Buy (B), Neutral (N), Sell (S) Analysts recommend stocks as Buys or Sells for inclusion on various regional Investment Lists. Being assigned a Buy or Sell

on an Investment List is determined by a stock’s total return potential relative to its coverage universe. Any stock not assigned as a Buy or a Sell on an

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deemed Neutral. Each region manages Regional Conviction Lists, which are selected from Buy rated stocks on the respective region’s Investment Lists

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other designated committee in each respective region and do not represent a change in the analysts’ investment rating for such stocks.

Total return potential represents the upside or downside differential between the current share price and the price target, including all paid or