Expand Energy Corporation Reports Third Quarter 2026 Results
Key Highlights
- ➤Net cash from operations $1,177 million in third quarter 2026
- ➤Net income $519 million, or $2.24 per diluted share
- ➤2026 capital investment guidance updated to approximately $3 billion
- ➤Twin Eagle acquisition completed September 16, 2026
- ➤Third-quarter share repurchases totaled $305 million; $900 million year-to-date
Expert Statements
Danny Brown, President and Chief Executive Officer of Expand Energy
“With our diversified scale, investment-grade balance sheet and coast-to-coast customer access, Expand Energy is uniquely positioned to monetize the volatility we see in the gas market today, provide advantaged supply to premium markets and capitalize on the demand growth we expect in the future.”
Danny Brown, President and Chief Executive Officer of Expand Energy
“Capturing value requires a talented team, disciplined capital allocation and operational excellence. I look forward to working with this team to continue the momentum built and firmly establish Expand Energy as North America’s leading integrated gas company.”
SPRING, Texas, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Expand Energy Corporation (NASDAQ: EXE) ("Expand Energy" or the "Company") today reported third quarter 2026 financial and operating results. * Net cash provided by operating activities of $1,177 million, driven by operational performance and liquids revenue * Net income of $519 million, or $2.24 per fully diluted share; adjusted net income((1)) of $338 million, or $1.46 per diluted share * Adjusted EBITDAX((1)) of $1,229 million * Net production of 7.54 Bcfe/d (92% natural gas) * Completed the acquisition of Twin Eagle Holdings, N.A., LLC ("Twin Eagle") on September 16 * Total debt of $4.6 billion as of quarter-end and leverage ratio((1) )of 0.8x * Repurchased $305 million of common stock in the third quarter; year-to-date repurchases total approximately $900 million or 4% of shares outstanding (1) Definitions of non-GAAP financial measures and reconciliations of each non-GAAP financial measure to the most directly comparable GAAP financial measure are included at the end of this release.
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