Expand Energy Corp (EXE) News & EventsEXENews & EventsExpand Energy Corp

Expand Energy to Invest Approximately $2.75 Billion in 2026

The company said, "In 2026, Expand Energy expects to run 11 - 12 rigs and invest approximately $2.75 - $2.95 billion. Average daily production is expected to be approximately 7.4 - 7.6 Bcfe/d."

Expand Energy Authorizes Additional $1 Billion Share Buyback

"This year, the team has been focused on two key initiatives, executing with discipline and accelerating our marketing and commercial strategy. I'm pleased with the significant progress we've made on both fronts," said Mike Wichterich, Interim President and Chief Executive Officer of Expand Energy. "We've strengthened our balance sheet and achieved a peer-leading leverage ratio, giving us the flexibility to opportunistically allocate capital. We acted decisively with our buyback program, reduced outstanding shares by 4%, and authorized an additional $1 billion of share repurchases. Through our leasing program, we've organically extended our inventory across our portfolio at a significant discount to recent industry acquisitions. Most importantly, our recently announced acquisition of Twin Eagle immediately establishes Expand as the leading integrated natural gas company, extends our access to demand markets from coast to coast, and meaningfully accelerates our strategy. The team is executing on all fronts, delivering as promised, and creating sustainable value for our shareholders."

Expand Energy to Acquire Twin Eagle Holdings for $1.25B

Expand Energy announced that it has entered into a definitive merger agreement to acquire Twin Eagle Holdings for $1.25B from Five Point Infrastructure. The transaction is subject to typical purchase price adjustments, including working capital, and is expected to close in the third quarter of 2026, pending customary closing conditions and required regulatory approvals. The company expects to fund the transaction through a combination of cash on hand and borrowings under its revolving credit facility.