There's no rate to imply here.

The data isn't there yet — here's what's missing:

  • Caution:
    What is missing
    Expand Energy — formerly Chesapeake — merged with Southwestern Energy in October 2024, nearly tripling its revenue. Our fair value compounds from five years of free cash flow, and no five-year window here describes a single company: the years before the merger belong to a much smaller Chesapeake, the year since to a company nearly three times its size. The read returns once a full run of years has been filed at the merged company's scale.

TickerMath is an educational tool, not investment advice — it computes one model from SEC filings and can be wrong. How we compute this →