Recent Updates — EXE
Expand Energy reported third quarter 2026 results with net income of $519 million, or $2.24 per fully diluted share, and adjusted net income of $338 million, or $1.46 per diluted share. The company generated $1,177 million in net cash from operating activities and reported adjusted EBITDAX of $1,229 million. Net production averaged 7.54 Bcfe/d, with total debt standing at $4.6 billion and a leverage ratio of 0.8x. Expand Energy repurchased $305 million of common stock during the quarter, bringing year-to-date buybacks to approximately $900 million. The company also announced it will pay its quarterly base dividend of $0.575 per share on December 3, 2026, to shareholders of record as of November 12, 2026. Expand Energy Corporation is North America’s leading integrated natural gas producer and marketer.
The Board of Directors appointed Daniel E. Brown as President and Chief Executive Officer, effective October 26, 2026. Brown succeeds Michael Wichterich, who steps down from the interim CEO role to remain Chairman of the Board. Brown brings extensive experience from prior leadership roles at Chord Energy Corporation and Anadarko Petroleum. His compensation package includes a $1 million annual base salary, a target bonus equal to 125% of base pay, and significant long-term incentive awards comprising restricted stock units and performance share units valued at over $8.75 million annually, plus make-whole equity awards totaling approximately $15.65 million to compensate for forfeited compensation from his previous employer. Expand Energy Corporation is North America’s leading integrated natural gas company.
Expand Energy appointed Sarah Grose as Vice President and Chief Accounting Officer effective October 8, 2026. She assumes the principal accounting officer duties previously held on an interim basis by CFO Marcel Teunissen. Grose receives a $325,000 base salary, a 50% bonus target, and a $500,000 annual long-term incentive target. Expand Energy operates in the energy sector.
Expand Energy Corporation entered into Amendment No. 1 to its Amended and Restated Credit Agreement dated September 30, 2025. The amendment extends the maturity date of the existing credit facility by one year, moving from September 30, 2030 to September 30, 2031. JPMorgan Chase Bank, N.A. serves as the administrative agent for the lenders party to the agreement. This modification alters the timeline for repayment obligations under the company's primary debt facility without changing other core terms described in this report. Expand Energy Corporation operates in the energy sector, focusing on oil and gas exploration and production.
Expand Energy Corporation completed its previously announced underwritten public offering of $500 million aggregate principal amount of 5.650% Senior Notes due 2031 on September 17, 2026. The notes are senior unsecured obligations ranking equally with other current and future unsecured senior debt and structurally subordinated to subsidiary indebtedness. They carry a par call date of August 15, 2031, and are governed by an indenture dated December 2, 2024, supplemented by a second supplemental indenture effective September 17, 2026. The company operates in the energy sector.
Expand Energy Corporation completed its previously announced acquisition of Twin Eagle Holdings N.A., LLC on September 16, 2026. Concurrently, Dan Turco transitioned from Executive Vice President—Marketing and Commercial to Executive Vice President of Commercial Activities, focusing on LNG and gas marketing integration effective upon the closing of the transaction. Expand Energy Corporation operates in the energy sector, specifically engaged in natural gas production, gathering, processing, and midstream services.