{"slug":"expand-energy","name":"익스팬드 에너지","name_en":"Expand Energy Corporation","ticker":"EXE","updated_at":"2026-09-24T10:54:27.516677+00:00","canonical":"https://valuechain.wiki/expand-energy","citable":"밸류체인 그래프 기준 익스팬드 에너지의 직접 연결 기업은 2곳(관계 기준 공급 2·매출 0)이고, 사슬을 2차까지 넓히면 7곳에 닿는다. 링크의 근거 출처는 5건이며 그중 1차공시가 3건이다 (valuechain.wiki, 2026-09-24 기준).","citable_en":"Per the valuechain.wiki graph, Expand Energy Corporation is directly linked to 2 companies (2 supply, 0 revenue relationships) and reaches 7 companies within two hops; the links are backed by 5 dated sources, 3 of them primary filings (as of 2026-09-24).","kicker":"미국 천연가스 생산","kicker_en":"U.S. natural gas producer","lead":"익스팬드 에너지는 헤인즈빌과 애팔래치아에서 천연가스·원유·천연가스액을 생산해 LNG 시설과 산업 고객에 판매한다. 시추·생산 최적화와 운영 데이터 통합에 외부 기술을 쓰며, 사우스웨스턴 에너지 합병으로 생산 기반을 넓혔다.","lead_en":"Expand Energy produces natural gas, oil and natural gas liquids in the Haynesville and Appalachia regions and sells them to LNG facilities and industrial customers. It uses external technology for drilling, production optimization and operational data integration, and expanded its production base through the Southwestern Energy merger.","categories":[{"key":"generation-fuel-supply","ko":"발전연료 공급","en":"Power Generation Fuel Supply","theme":"power-grid","theme_ko":"전력·그리드","theme_en":"Power & Grid","theme_kind":"chain","primary":true}],"segments":{"parts":[{"name":"천연가스"},{"name":"원유"},{"name":"천연가스액"},{"name":"마케팅"}],"total":"FY2025 총매출 121억2,400만 달러 (SEC 10-K XBRL us-gaap:Revenues)","track":"C"},"segments_en":{"parts":[{"name":"Natural Gas"},{"name":"Oil"},{"name":"Natural Gas Liquids"},{"name":"Marketing"}],"total":"$12.124 billion FY2025 revenue (SEC 10-K XBRL us-gaap:Revenues)"},"returns_yearly":{"2022":62.3,"2023":-14.8,"2024":33.2,"2025":14.4,"2026":-9.7},"return_asof":"2026-09-04","value_chain":{"leading":[],"benefiting":[{"slug":"snowflake","name":"Snowflake","name_en":"Snowflake","tier":1,"returns_yearly":{"2021":20.4,"2022":-57.6,"2023":38.6,"2024":-22.4,"2025":42.1,"2026":68.2}},{"slug":"baker-hughes","name":"베이커 휴즈","name_en":"Baker Hughes Company","tier":1,"returns_yearly":{"2021":19,"2022":26,"2023":18.6,"2024":23.1,"2025":13.4,"2026":25.9}},{"slug":"ge-vernova","name":"GE Vernova","name_en":"GE Vernova","tier":2,"returns_yearly":{"2025":99,"2026":54}},{"slug":"nvidia","name":"NVIDIA","name_en":"NVIDIA","tier":2,"returns_yearly":{"2021":125.5,"2022":-50.3,"2023":239,"2024":171.2,"2025":38.9,"2026":23.2}},{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":2,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":12}},{"slug":"ge-aerospace","name":"GE 에어로스페이스","name_en":"GE Aerospace","tier":2,"returns_yearly":{"2021":9.7,"2022":-10.9,"2023":95.7,"2024":64.8,"2025":85.7,"2026":9.7}},{"slug":"microsoft","name":"마이크로소프트","name_en":"Microsoft","tier":2,"returns_yearly":{"2021":52.5,"2022":-28,"2023":58.2,"2024":12.9,"2025":15.6,"2026":4}},{"slug":"sandisk","name":"샌디스크","name_en":"SanDisk","tier":3,"returns_yearly":{"2026":633}},{"slug":"samsung-electro-mechanics","name":"삼성전기","name_en":"Samsung Electro-Mechanics","tier":3,"returns_yearly":{"2021":-11.8,"2022":-18.5,"2023":-1.4,"2024":-2.5,"2025":110,"2026":402.2}},{"slug":"nanya-pcb","name":"난야PCB","name_en":"Nan Ya PCB","tier":3,"returns_yearly":{"2021":110.6,"2022":-46.7,"2023":-0.5,"2024":-38.3,"2025":188.2,"2026":280.5}},{"slug":"micron","name":"Micron Technology","name_en":"Micron Technology","tier":3,"returns_yearly":{"2021":24.2,"2022":-45.9,"2023":71.9,"2024":-1,"2025":240.2,"2026":256.4}},{"slug":"unimicron","name":"유니마이크론","name_en":"Unimicron","tier":3,"returns_yearly":{"2021":133.5,"2022":-30.2,"2023":35.2,"2024":-19.7,"2025":175.7,"2026":236.2}},{"slug":"seagate","name":"Seagate","name_en":"Seagate Technology","tier":3,"returns_yearly":{"2021":87.5,"2022":-51.4,"2023":69.1,"2024":4.1,"2025":225.3,"2026":209.1}},{"slug":"ase","name":"ASE테크놀로지","name_en":"ASE Technology","tier":3,"returns_yearly":{"2021":38.3,"2022":-12.8,"2023":60.9,"2024":10.1,"2025":65.6,"2026":191.3}},{"slug":"amd","name":"AMD","name_en":"AMD","tier":3,"returns_yearly":{"2021":56.9,"2022":-55,"2023":127.6,"2024":-18.1,"2025":77.3,"2026":183.9}},{"slug":"nebius","name":"Nebius","name_en":"Nebius Group","tier":3,"returns_yearly":{"2025":202.2,"2026":170.5}},{"slug":"mediatek","name":"미디어텍","name_en":"MediaTek","tier":3,"returns_yearly":{"2021":27.8,"2022":-26.6,"2023":52.9,"2024":58.3,"2025":24.9,"2026":168.1}},{"slug":"marvell","name":"Marvell","name_en":"Marvell","tier":3,"returns_yearly":{"2021":84.6,"2022":-57.5,"2023":63.7,"2024":83.8,"2025":-22.8,"2026":163.4}},{"slug":"intel","name":"Intel","name_en":"Intel","tier":3,"returns_yearly":{"2021":6.1,"2022":-46.6,"2023":94.6,"2024":-59.6,"2025":84,"2026":159.6}},{"slug":"kioxia","name":"키옥시아","name_en":"Kioxia","tier":3,"returns_yearly":{"2025":1082.1,"2026":155}},{"slug":"ibiden","name":"Ibiden","name_en":"Ibiden","tier":3,"returns_yearly":{"2021":30.4,"2022":-19.6,"2023":51.6,"2024":-38.6,"2025":261,"2026":149.3}},{"slug":"arm","name":"Arm Holdings","name_en":"Arm Holdings","tier":3,"returns_yearly":{"2024":64.2,"2025":-11.4,"2026":143.6}},{"slug":"lumentum","name":"Lumentum","name_en":"Lumentum","tier":3,"returns_yearly":{"2021":11.6,"2022":-50.7,"2023":0.5,"2024":60.1,"2025":339.1,"2026":139.1}},{"slug":"lg-innotek","name":"LG이노텍","name_en":"LG Innotek","tier":3,"returns_yearly":{"2021":78.2,"2022":-22,"2023":-28.8,"2024":-22.1,"2025":66.8,"2026":134.8}},{"slug":"murata","name":"Murata","name_en":"Murata Manufacturing","tier":3,"returns_yearly":{"2021":-14,"2022":-11.7,"2023":24.7,"2024":-16.5,"2025":29.9,"2026":131.5}},{"slug":"western-digital","name":"Western Digital","name_en":"Western Digital","tier":3,"returns_yearly":{"2021":17.7,"2022":-51.6,"2023":66,"2024":13.9,"2025":283.7,"2026":130.9}},{"slug":"astera-labs","name":"Astera Labs","name_en":"Astera Labs","tier":3,"returns_yearly":{"2025":25.6,"2026":105.7}},{"slug":"wiwynn","name":"Wiwynn","name_en":"Wiwynn","tier":3,"returns_yearly":{"2021":24.7,"2022":-22.3,"2023":206.4,"2024":3.5,"2025":64.4,"2026":92.3}},{"slug":"sk-hynix","name":"SK하이닉스","name_en":"SK hynix","tier":3,"returns_yearly":{"2021":-0.4,"2022":-25.6,"2023":53.9,"2024":48.6,"2025":361.1,"2026":85.3}},{"slug":"teradyne","name":"Teradyne","name_en":"Teradyne","tier":3,"returns_yearly":{"2021":36.8,"2022":-46.3,"2023":24.8,"2024":16.5,"2025":54.4,"2026":84.6}},{"slug":"corning","name":"Corning","name_en":"Corning","tier":3,"returns_yearly":{"2021":5.9,"2022":-11.6,"2023":-1.2,"2024":60.6,"2025":87.8,"2026":77.2}},{"slug":"vertiv","name":"Vertiv","name_en":"Vertiv","tier":3,"returns_yearly":{"2021":33.8,"2022":-45.3,"2023":251.8,"2024":136.8,"2025":42.8,"2026":73.2}},{"slug":"coherent","name":"Coherent","name_en":"Coherent","tier":3,"returns_yearly":{"2021":-10,"2022":-48.6,"2023":24,"2024":117.6,"2025":94.8,"2026":69.4}},{"slug":"samsung-electronics","name":"삼성전자","name_en":"Samsung Electronics","tier":3,"returns_yearly":{"2021":-9,"2022":-14.2,"2023":20.9,"2024":-26.4,"2025":212.9,"2026":63.8}},{"slug":"delta-electronics","name":"Delta Electronics","name_en":"Delta Electronics","tier":3,"returns_yearly":{"2021":-3.4,"2022":10.4,"2023":-0.3,"2024":59.2,"2025":183.8,"2026":61.9}},{"slug":"keysight","name":"Keysight","name_en":"Keysight Technologies","tier":3,"returns_yearly":{"2021":56.3,"2022":-17.2,"2023":-7,"2024":1,"2025":26.5,"2026":61}},{"slug":"monolithic-power","name":"Monolithic Power","name_en":"Monolithic Power","tier":3,"returns_yearly":{"2021":35.5,"2022":-27.8,"2023":79.8,"2024":-5.6,"2025":54.5,"2026":53.7}},{"slug":"analog-devices","name":"Analog Devices","name_en":"Analog Devices","tier":3,"returns_yearly":{"2021":21,"2022":-4.9,"2023":23.4,"2024":8.8,"2025":29.8,"2026":51.1}},{"slug":"tsmc","name":"TSMC","name_en":"TSMC","tier":3,"returns_yearly":{"2021":12.1,"2022":-36.7,"2023":42.3,"2024":92.6,"2025":55.9,"2026":50.3}},{"slug":"wistron","name":"위스트론","name_en":"Wistron","tier":3,"returns_yearly":{"2021":7.9,"2022":9.7,"2023":272.7,"2024":-1.6,"2025":22.7,"2026":49.7}},{"slug":"occidental-petroleum","name":"옥시덴탈 페트롤리엄","name_en":"Occidental Petroleum","tier":3,"returns_yearly":{"2021":67.7,"2022":119.1,"2023":-4.1,"2024":-15.9,"2025":-14.9,"2026":48.2}},{"slug":"arista","name":"Arista Networks","name_en":"Arista Networks","tier":3,"returns_yearly":{"2021":97.9,"2022":-15.6,"2023":94.1,"2024":87.7,"2025":18.5,"2026":47.9}},{"slug":"sumitomo-electric","name":"Sumitomo Electric","name_en":"Sumitomo Electric","tier":3,"returns_yearly":{"2021":11.4,"2022":6.3,"2023":30.8,"2024":52.9,"2025":139,"2026":43.2}},{"slug":"super-micro","name":"Super Micro","name_en":"Super Micro","tier":3,"returns_yearly":{"2021":38.8,"2022":86.8,"2023":246.2,"2024":7.2,"2025":-4,"2026":43}},{"slug":"caterpillar","name":"Caterpillar","name_en":"Caterpillar","tier":3,"returns_yearly":{"2021":16,"2022":18.6,"2023":25.9,"2024":24.7,"2025":60.3,"2026":40.6}},{"slug":"alchip","name":"알칩","name_en":"Alchip Technologies","tier":3,"returns_yearly":{"2021":14.3,"2022":-8.7,"2023":365.1,"2024":-18.9,"2025":0.8,"2026":40.1}},{"slug":"fedex","name":"페덱스","name_en":"FedEx","tier":3,"returns_yearly":{"2021":0.7,"2022":-31.6,"2023":49.1,"2024":13.5,"2025":5.1,"2026":39.6}},{"slug":"onsemi","name":"onsemi","name_en":"onsemi","tier":3,"returns_yearly":{"2021":107.5,"2022":-8.2,"2023":33.9,"2024":-24.5,"2025":-14.1,"2026":37.4}},{"slug":"ciena","name":"Ciena","name_en":"Ciena","tier":3,"returns_yearly":{"2021":45.6,"2022":-33.8,"2023":-11.7,"2024":88.4,"2025":175.8,"2026":37.3}},{"slug":"equinix","name":"Equinix","name_en":"Equinix","tier":3,"returns_yearly":{"2021":20.3,"2022":-21.1,"2023":25.4,"2024":19.5,"2025":-16.9,"2026":37.3}},{"slug":"globalstar","name":"글로벌스타","name_en":"Globalstar","tier":3,"returns_yearly":{"2021":241.2,"2022":14.7,"2023":45.9,"2024":6.7,"2025":96.6,"2026":37.3}},{"slug":"jabil","name":"자빌","name_en":"Jabil","tier":3,"returns_yearly":{"2021":66.4,"2022":-2.5,"2023":87.4,"2024":13.3,"2025":58.7,"2026":36.3}},{"slug":"eaton","name":"Eaton","name_en":"Eaton","tier":3,"returns_yearly":{"2021":46.7,"2022":-7.2,"2023":56.2,"2024":39.5,"2025":-2.8,"2026":36}},{"slug":"pegatron","name":"페가트론","name_en":"Pegatron","tier":3,"returns_yearly":{"2021":-5.9,"2022":0.6,"2023":35.3,"2024":21.2,"2025":-23.8,"2026":34.5}},{"slug":"advantest","name":"Advantest","name_en":"Advantest","tier":3,"returns_yearly":{"2021":17,"2022":-2.3,"2023":155.7,"2024":49.5,"2025":196,"2026":29.9}},{"slug":"amphenol","name":"Amphenol","name_en":"Amphenol","tier":3,"returns_yearly":{"2021":34.9,"2022":-12,"2023":31.5,"2024":41.3,"2025":96.1,"2026":29.8}},{"slug":"eoptolink","name":"Eoptolink","name_en":"Eoptolink","tier":3,"returns_yearly":{"2021":-10.1,"2022":-27.7,"2023":136.6,"2024":197,"2025":368.8,"2026":29.1}},{"slug":"innolight","name":"InnoLight","name_en":"InnoLight","tier":3,"returns_yearly":{"2021":-30.7,"2022":-18.3,"2023":253.7,"2024":12,"2025":468.1,"2026":25.6}},{"slug":"digital-realty","name":"Digital Realty","name_en":"Digital Realty","tier":3,"returns_yearly":{"2021":30.7,"2022":-41,"2023":39.9,"2024":35.9,"2025":-10.1,"2026":23.4}},{"slug":"celestica","name":"Celestica","name_en":"Celestica","tier":3,"returns_yearly":{"2021":37.9,"2022":1.3,"2023":159.8,"2024":215.2,"2025":220.3,"2026":22.5}},{"slug":"quanta","name":"Quanta","name_en":"Quanta Computer","tier":3,"returns_yearly":{"2021":22.2,"2022":-12.8,"2023":254.5,"2024":12.7,"2025":8.9,"2026":21.2}},{"slug":"credo","name":"크레도","name_en":"Credo Technology","tier":3,"returns_yearly":{"2023":46.3,"2024":245.2,"2025":114.1,"2026":18.5}},{"slug":"abb","name":"ABB","name_en":"ABB","tier":3,"returns_yearly":{"2021":23.9,"2022":7.3,"2023":18.9,"2024":39,"2025":36.1,"2026":18.4}},{"slug":"iren","name":"IREN","name_en":"IREN","tier":3,"returns_yearly":{"2022":-92.3,"2023":472,"2024":37.3,"2025":284.6,"2026":18.3}},{"slug":"church-dwight","name":"처치 앤 드와이트","name_en":"Church & Dwight Co., Inc.","tier":3,"returns_yearly":{"2021":18.9,"2022":-20.4,"2023":18.7,"2024":12,"2025":-18.9,"2026":18.1}},{"slug":"foxconn","name":"Foxconn","name_en":"Foxconn (Hon Hai)","tier":3,"returns_yearly":{"2021":-5.1,"2022":2.8,"2023":7.8,"2024":80.1,"2025":26.9,"2026":16.3}},{"slug":"norfolk-southern","name":"노퍽 서던","name_en":"Norfolk Southern","tier":3,"returns_yearly":{"2021":27.3,"2022":-15.6,"2023":-1.6,"2024":1.6,"2025":25.6,"2026":15.6}},{"slug":"coreweave","name":"CoreWeave","name_en":"CoreWeave","tier":3,"returns_yearly":{"2026":14.6}},{"slug":"colgate-palmolive","name":"콜게이트파몰리브","name_en":"Colgate-Palmolive Company","tier":3,"returns_yearly":{"2021":2.1,"2022":-5.4,"2023":3.8,"2024":16.6,"2025":-11,"2026":14.4}},{"slug":"entergy","name":"엔터지","name_en":"Entergy","tier":3,"returns_yearly":{"2021":17.1,"2022":3.6,"2023":-6.1,"2024":56,"2025":25.3,"2026":13.2}},{"slug":"cadence","name":"Cadence Design Systems","name_en":"Cadence Design Systems","tier":3,"returns_yearly":{"2021":36.6,"2022":-13.8,"2023":69.6,"2024":10.3,"2025":4,"2026":12.9}},{"slug":"schneider-electric","name":"Schneider Electric","name_en":"Schneider Electric","tier":3,"returns_yearly":{"2021":25.9,"2022":1.6,"2023":25.8,"2024":36.1,"2025":0.5,"2026":11.7}},{"slug":"cummins","name":"Cummins","name_en":"Cummins","tier":3,"returns_yearly":{"2021":-1.7,"2022":14.1,"2023":1.7,"2024":48.9,"2025":49.4,"2026":11}},{"slug":"howmet-aerospace","name":"하우멧 에어로스페이스","name_en":"Howmet Aerospace","tier":3,"returns_yearly":{"2021":11.7,"2022":24.2,"2023":37.8,"2024":102.7,"2025":88,"2026":10}},{"slug":"automatic-data-processing","name":"오토매틱 데이터 프로세싱","name_en":"Automatic Data Processing, Inc.","tier":3,"returns_yearly":{"2021":42.6,"2022":-1.3,"2023":-0.2,"2024":28.4,"2025":-10.2,"2026":9.6}},{"slug":"synopsys","name":"Synopsys","name_en":"Synopsys","tier":3,"returns_yearly":{"2021":42.1,"2022":-13.4,"2023":61.3,"2024":-5.7,"2025":-3.2,"2026":8.6}},{"slug":"kyec","name":"KYEC","name_en":"King Yuan Electronics (KYEC)","tier":3,"returns_yearly":{"2021":26.7,"2022":-7.7,"2023":132.4,"2024":38.6,"2025":171,"2026":8.4}},{"slug":"united-parcel-service","name":"유나이티드 파셀 서비스","name_en":"United Parcel Service, Inc.","tier":3,"returns_yearly":{"2021":30,"2022":-16.2,"2023":-6,"2024":-15.9,"2025":-15.9,"2026":8}},{"slug":"3m","name":"3M","name_en":"3M Company","tier":3,"returns_yearly":{"2021":4.9,"2022":-29.6,"2023":-3.3,"2024":46.1,"2025":26.4,"2026":6.8}},{"slug":"recursion","name":"Recursion Pharmaceuticals","name_en":"Recursion Pharmaceuticals","tier":3,"returns_yearly":{"2022":-55,"2023":27.9,"2024":-31.4,"2025":-39.5,"2026":6.6}},{"slug":"legrand","name":"르그랑","name_en":"Legrand","tier":3,"returns_yearly":{"2021":20.3,"2022":-7.1,"2023":12.8,"2024":11.9,"2025":39.3,"2026":6.1}},{"slug":"expedia-group","name":"익스피디아 그룹","name_en":"Expedia Group, Inc.","tier":3,"returns_yearly":{"2021":36.5,"2022":-51.5,"2023":73.3,"2024":22.8,"2025":53.3,"2026":5.8}},{"slug":"procter-gamble","name":"Procter & Gamble","name_en":"Procter & Gamble","tier":3,"returns_yearly":{"2021":20.5,"2022":-5,"2023":-0.9,"2024":17.3,"2025":-12.3,"2026":4.5}},{"slug":"ameren","name":"아메렌","name_en":"Ameren Corporation","tier":3,"returns_yearly":{"2021":17.1,"2022":2.5,"2023":-16.1,"2024":27.5,"2025":15.3,"2026":4.5}},{"slug":"omnicom-group","name":"옴니콤 그룹","name_en":"Omnicom Group Inc.","tier":3,"returns_yearly":{"2021":21.9,"2022":15.7,"2023":9.6,"2024":2.5,"2025":-2.6,"2026":4.4}},{"slug":"wec-energy-group","name":"WEC 에너지 그룹","name_en":"WEC Energy Group","tier":3,"returns_yearly":{"2021":8.7,"2022":-0.5,"2023":-7,"2024":16.1,"2025":16,"2026":3.1}},{"slug":"blackrock","name":"BlackRock","name_en":"BlackRock","tier":3,"returns_yearly":{"2021":29.4,"2022":-20.4,"2023":17.9,"2024":29.3,"2025":6.6,"2026":2.8}},{"slug":"talen-energy","name":"Talen Energy","name_en":"Talen Energy","tier":3,"returns_yearly":{"2024":214.8,"2025":86.1,"2026":1}},{"slug":"est-e-lauder-companies","name":"에스티 로더","name_en":"The Estée Lauder Companies Inc.","tier":3,"returns_yearly":{"2021":40,"2022":-32.3,"2023":-40.1,"2024":-47.6,"2025":42.1,"2026":0.2}},{"slug":"amorepacific","name":"아모레퍼시픽","name_en":"Amorepacific","tier":3,"returns_yearly":{"2021":-30.1,"2022":-5.7,"2023":-18.4,"2024":9.9,"2025":8.2,"2026":-1.2}},{"slug":"exelon","name":"엑셀론","name_en":"Exelon","tier":3,"returns_yearly":{"2021":41.5,"2022":8.3,"2023":-14,"2024":9.2,"2025":20,"2026":-1.5}},{"slug":"te-connectivity","name":"TE Connectivity","name_en":"TE Connectivity","tier":3,"returns_yearly":{"2021":35.1,"2022":-27.7,"2023":24.6,"2024":3.5,"2025":61.1,"2026":-3}},{"slug":"vistra","name":"Vistra","name_en":"Vistra","tier":3,"returns_yearly":{"2021":19.6,"2022":5.1,"2023":70.7,"2024":261.5,"2025":17.7,"2026":-7.2}},{"slug":"luxshare","name":"Luxshare","name_en":"Luxshare Precision","tier":3,"returns_yearly":{"2021":-11.9,"2022":-30.2,"2023":-21.2,"2024":58.8,"2025":29.3,"2026":-7.4}},{"slug":"workday","name":"워크데이","name_en":"Workday, Inc.","tier":3,"returns_yearly":{"2021":14,"2022":-38.7,"2023":65,"2024":-6.5,"2025":-16.8,"2026":-8.8}},{"slug":"brookfield","name":"Brookfield","name_en":"Brookfield Asset Management Ltd.","tier":3,"returns_yearly":{"2023":45.6,"2024":39.7,"2025":-0.2,"2026":-9.7}},{"slug":"fabrinet","name":"Fabrinet","name_en":"Fabrinet","tier":3,"returns_yearly":{"2021":52.7,"2022":8.2,"2023":48.4,"2024":15.5,"2025":107.1,"2026":-10.5}},{"slug":"ionq","name":"IonQ","name_en":"IonQ","tier":3,"returns_yearly":{"2022":-79.3,"2023":259.1,"2024":237.1,"2025":7.4,"2026":-11.9}},{"slug":"constellation-energy","name":"Constellation Energy","name_en":"Constellation Energy","tier":3,"returns_yearly":{"2023":37.2,"2024":92.7,"2025":58.8,"2026":-15.3}},{"slug":"take-two-interactive","name":"테이크투 인터랙티브","name_en":"Take-Two Interactive Software, Inc.","tier":3,"returns_yearly":{"2021":-14.5,"2022":-41.4,"2023":54.6,"2024":14.4,"2025":39.1,"2026":-16.6}},{"slug":"abbott-laboratories","name":"애보트","name_en":"Abbott Laboratories","tier":3,"returns_yearly":{"2021":30.5,"2022":-20.7,"2023":2.3,"2024":4.8,"2025":12.9,"2026":-19}},{"slug":"byd-electronics","name":"BYD일렉트로닉스","name_en":"BYD Electronics","tier":3,"returns_yearly":{"2021":-56.1,"2022":16,"2023":-0.4,"2024":60.6,"2025":-19.4,"2026":-24.1}},{"slug":"qubt","name":"Quantum Computing Inc","name_en":"Quantum Computing Inc","tier":3,"returns_yearly":{"2021":-75.8,"2022":-55.7,"2023":-39.5,"2024":1712.7,"2025":-38,"2026":-27.5}},{"slug":"rigetti","name":"Rigetti Computing","name_en":"Rigetti Computing","tier":3,"returns_yearly":{"2022":-92.9,"2023":35.1,"2024":1449.2,"2025":45.2,"2026":-31.4}},{"slug":"nike","name":"Nike","name_en":"Nike","tier":3,"returns_yearly":{"2021":18.7,"2022":-29,"2023":-6,"2024":-29.1,"2025":-13.8,"2026":-44.1}},{"slug":"d-wave","name":"D-Wave Quantum","name_en":"D-Wave Quantum","tier":3,"returns_yearly":{"2022":-85.3,"2023":-38.9,"2024":854.5,"2025":211.3,"2026":-44.3}},{"slug":"siemens-eda","name":"Siemens EDA","name_en":"Siemens EDA","tier":3,"returns_yearly":null},{"slug":"openai","name":"OpenAI","name_en":"OpenAI","tier":3,"returns_yearly":null},{"slug":"anthropic","name":"Anthropic","name_en":"Anthropic","tier":3,"returns_yearly":null},{"slug":"cerebras","name":"Cerebras","name_en":"Cerebras Systems","tier":3,"returns_yearly":null},{"slug":"arianegroup","name":"아리안그룹","name_en":"ArianeGroup","tier":3,"returns_yearly":null}],"analysis":"미국 천연가스 생산 기업. 2026년 -9.7%다. 공급단(평균 +47.3%)이 본주(-9.7%)보다 앞서 있다. 지출이 아래로 번지며 공급사 쪽 탄력이 먼저 나타나는 구도다. 연결 노드 중 가장 앞선 곳은 스노우플레이크(+53.7%), 가장 처진 곳은 베이커 휴즈(+40.9%)다. 격차가 사슬 논리로 설명되면 후자가 다음 전파 후보이고, 설명되지 않으면 그 연결 자체를 다시 봐야 한다.","analysis_en":"Expand Energy Corporation operates across U.S. natural gas producer. It is -9.7% in 2026. The supply side (avg +47.3%) leads the stock (-9.7%), with spending rippling down to suppliers first. Among connected nodes the furthest ahead is Snowflake (+53.7%) and the furthest behind is Baker Hughes Company (+40.9%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It uses external technology for drilling, production optimization and operational data integration, and expanded its production base through the Southwestern Energy merger.","analysis_asof":"2026-09-04"},"edges":[{"direction":"investment","counterparty":"Southwestern Energy Company","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-18","basis":"Southwestern Energy 합병의 총 인수대가","value":8473000000,"period":"2024-10-01 합병 완료","basis_en":"Total consideration for the Southwestern Energy merger","qualifier":null},"note":"옛 Chesapeake Energy는 2024년 10월 Southwestern Energy를 합병해 헤인즈빌과 애팔래치아의 가스 자산을 확대했고 사명을 익스팬드 에너지로 바꿨다. 2025년 10-K가 확정한 총 인수대가는 84억7,300만 달러다.","note_en":"The former Chesapeake Energy completed its merger with Southwestern Energy in October 2024, expanding its Haynesville and Appalachia gas assets before adopting the Expand Energy name. The 2025 Form 10-K reports total consideration of $8.473 billion.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-18","url":"https://www.sec.gov/Archives/edgar/data/895126/000089512626000011/exe-20251231.htm","title":"Expand Energy Corporation 2025 Form 10-K","title_en":"Expand Energy Corporation 2025 Form 10-K","excerpt":"공시는 Southwestern 합병의 총 인수대가를 84억7,300만 달러로 확정했다.","excerpt_en":"Total consideration | $ | 8,473"},{"stance":"mentions","publisher":"신한투자증권","publisher_en":"Shinhan Securities","kind":"research","lang":"ko","published_at":"2024-01-15","url":"https://ssl.pstatic.net/imgstock/upload/research/market/1705278541284.pdf","title":"신한 Global Daily","title_en":"Shinhan Global Daily","excerpt":"체서피크 에너지는 사우스웨스턴을 74억달러에 인수하기로 합의했다.","excerpt_en":"Chesapeake Energy agreed to acquire Southwestern for $7.4 billion."}]},{"direction":"revenue","counterparty":"Golden Pass LNG Terminal LLC","counterparty_slug":null,"confidence":"high","metric":{"type":"volume","unit":"MMBtu/day","as_of":"2026-09-15","basis":"Golden Pass LNG 장기계약의 최대 일일 천연가스 공급량","value":100000,"period":"2027-11-01~2032-10-31","basis_en":"Maximum daily natural gas supply volume under the Golden Pass LNG long-term contract","qualifier":null},"note":"익스팬드 에너지 마케팅은 Golden Pass LNG에 2027년 11월부터 2032년 10월까지 하루 최대 10만 MMBtu의 천연가스를 판매하는 장기계약을 체결했다. 개별 판매금액은 비공개다.","note_en":"Expand Energy Marketing signed a long-term agreement to sell Golden Pass LNG up to 100,000 MMBtu of natural gas per day from November 2027 through October 2032. The contract value was not disclosed.","sources":[{"stance":"confirms","publisher":"미국 에너지부","publisher_en":"U.S. Department of Energy","kind":"filing","lang":"en","published_at":"2026-09-15","url":"https://www.energy.gov/documents/long-term-contract-supply-natural-hasexpandfinalpdf","title":"Golden Pass LNG와 Expand Energy 간 천연가스 장기 공급계약 주요 조항","title_en":"Long-Term Contract for Supply of Natural Gas Between Golden Pass LNG and Expand Energy","excerpt":"계약은 Golden Pass LNG를 구매자, Expand Energy Marketing을 판매자로 명시하고 하루 최대 10만 MMBtu를 정했다.","excerpt_en":"Buyer: Golden Pass LNG Terminal LLC. Seller: Expand Energy Marketing LLC. Contract Quantity: Up to 100,000 MMBtu/day."}]},{"direction":"revenue","counterparty":"Lake Charles Methanol","counterparty_slug":null,"confidence":"high","metric":{"type":"contract_value","unit":"USD","as_of":"2025-10-28","basis":"Lake Charles Methanol 천연가스 단독 공급계약 금액","value":null,"period":"약 2030년부터 15년","basis_en":"Value of the sole-source natural gas supply agreement with Lake Charles Methanol","qualifier":"confirmed_no_disclosed_value"},"note":"익스팬드 에너지는 약 2030년부터 15년간 Lake Charles Methanol의 단독 천연가스 공급사가 되는 계약을 체결했다. 가격은 NYMEX 기준보다 높은 구조지만 계약금액과 공급량은 공개되지 않았다.","note_en":"Expand Energy signed an agreement to become Lake Charles Methanol's sole natural gas supplier for 15 years beginning around 2030. Pricing carries a premium to NYMEX, but the contract value and supply volume were not disclosed.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-10-28","url":"https://www.sec.gov/Archives/edgar/data/895126/000089512625000097/exe-ex_991x20250930x8kxpr.htm","title":"Expand Energy Corporation 2025년 3분기 실적 발표","title_en":"Expand Energy Corporation Reports Third Quarter 2025 Results","excerpt":"회사는 Lake Charles Methanol에 약 2030년부터 15년간 단독으로 가스를 공급하는 SPA를 체결했다.","excerpt_en":"Signed 15-year SPA with Lake Charles Methanol to serve as sole gas supplier with start date in ~2030"}]},{"direction":"cost","counterparty":"베이커 휴즈","counterparty_slug":"baker-hughes","confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2026-03-03","basis":"베이커 휴즈 Leucipa 현장생산 솔루션 도입 비용","value":null,"period":"2026년 도입 진행","basis_en":"Cost of deploying Baker Hughes' Leucipa field production solution","qualifier":"confirmed_no_disclosed_value"},"note":"익스팬드 에너지는 생산관리·현장 최적화·예측을 위해 베이커 휴즈의 Leucipa 자동화 현장생산 솔루션을 도입하고 있다. 계약금액은 공개되지 않았다.","note_en":"Expand Energy is deploying Baker Hughes' Leucipa automated field production solution for production management, field optimization and forecasting. The contract value was not disclosed.","sources":[{"stance":"confirms","publisher":"익스팬드 에너지","publisher_en":"Expand Energy Corporation","kind":"ir","lang":"en","published_at":"2026-03-03","url":"https://www.expandenergy.com/2026/03/03/exe-announces-strategic-partnerships-to-strengthen-data-driven-operational/","title":"EXE, 데이터 기반 운영 효율화를 위한 전략적 파트너십 발표","title_en":"EXE Announces Strategic Partnerships to Strengthen Data-Driven Operational Efficiency","excerpt":"회사는 베이커 휴즈의 Leucipa 자동화 현장생산 솔루션을 배치한다고 밝혔다.","excerpt_en":"Deploying Leucipa automated field production solution to improve operational efficiencies. Partner: Baker Hughes"}]},{"direction":"cost","counterparty":"Snowflake","counterparty_slug":"snowflake","confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2026-03-03","basis":"Snowflake 운영 데이터 플랫폼 사용 비용","value":null,"period":"2026년 현재","basis_en":"Cost of using Snowflake's operational data platform","qualifier":"confirmed_no_disclosed_value"},"note":"익스팬드 에너지는 현장 운영 데이터와 기존 시스템을 통합하고 시추용 실시간 모델을 운영하기 위해 Snowflake 데이터 플랫폼을 사용한다. 계약금액은 공개되지 않았다.","note_en":"Expand Energy uses Snowflake's data platform to integrate field operations data and legacy systems and to host real-time models for drilling. The contract value was not disclosed.","sources":[{"stance":"confirms","publisher":"익스팬드 에너지","publisher_en":"Expand Energy Corporation","kind":"ir","lang":"en","published_at":"2026-03-03","url":"https://www.expandenergy.com/2026/03/03/exe-announces-strategic-partnerships-to-strengthen-data-driven-operational/","title":"EXE, 데이터 기반 운영 효율화를 위한 전략적 파트너십 발표","title_en":"EXE Announces Strategic Partnerships to Strengthen Data-Driven Operational Efficiency","excerpt":"회사는 현장 운영과 기존 시스템을 통합하는 데이터 솔루션을 Snowflake로 구축했다.","excerpt_en":"Expand Energy built a modern data solution with Snowflake, a leading data integration platform."}]}]}