Physical pellet quality and AMEN concentration are strongly related to each other in broiler feeding. A study was conducted to evaluate the relationship between dietary AMEN concentration and feed processing on pellet quality, nutrient digestibility, broiler performance, serum markers, and yield of commercial cuts. Six diets were formulated. The first diet had the recommended AMEN concentration, each further diet was calculated with 40 kcal/kg less, from 0 to -200 kcal/kg, resulting in six levels for each feed phase: starter (1-14 d), grower (15-28 d), and finisher (29-35 d). These diets were processed with and without expander conditioning prior to pelleting, using an average corn particle size of 1.6 mm, ground with a roller mill. A total of 1008 one-day-old male Ross 308 broiler chickens were placed in a 6 × 2 (6 energy levels and 2 conditionings) factorial trial with six boxes as replications, with three in each broiler performance trial period. Excreta were collected 2 days before the end of each feed phase for apparent total tract digestibility measurement. On day 36, four broilers from each replication (pen) were weighed and then euthanized for blood collection, following which the gastrointestinal organs were weighed, and the ileal and gizzard contents were collected. On day 37, all remaining broilers were slaughtered after fasting to measure commercial cuts and abdominal fat. The results show that the pellet durability index (PDI) was most affected by energy reducing and expander conditioning prior to pelleting, and it was better when diets had energy reduced by 40 to 200 kcal/kg (p > 0.001), as when expander conditioning was used. Digestibility of nutrients was slightly affected by treatments, as was the broiler performance; however, feed efficiency was improved in broiler-fed diets without AMEN reduction and when an expander was used, with p = 0.050 and p = 0.031, respectively. No effects were observed on the weight of gastrointestinal tract organs and serum markers, except for liver (p = 0.037) and α-amylase (p = 0.047). The lowest liver weight and lowest serum protein, cholesterol, triglyceride, gamma-glutamyl, and lipase concentrations were obtained when diets were formulated without energy reduction (Ross-0). There was no effect on commercial cuts relative to live weight at slaughter. The energy reduction was well reflected in the proportion of abdominal fat, which decreased when AMEN was reduced (p = 0.001). The present study shows it is possible to use diets with up to 200 kcal/kg reduction in AMEN without losses in performance, and the use of expander conditioning prior to pelleting promotes higher pellet quality and broiler feed efficiency.