Earnings Releases·Oct 27, 2026, 4:03 PM ET

Expand Energy — Third Quarter 2026 Earnings Summary

Net income declined to $519 million ($2.24/share) from $547 million in the prior year period, while adjusted net income rose to $338 million ($1.46/share) from $234 million; adjusted EBITDAX increased to $1,229 million from $1,082 million year-over-year.
Full-year 2026 capital investment guidance was updated to approximately $3 billion, with operations expected to run 11–12 rigs and average daily production targeting 7.45–7.55 Bcfe/d.
The Company completed the acquisition of Twin Eagle Holdings on September 16, 2026, and repurchased $305 million of common stock in the quarter, leaving $1 billion of remaining authorization capacity.
Free cash flow decreased to $339 million from $426 million in the prior year period, while total debt stood at $4.6 billion with a leverage ratio of 0.8x.