Form 8-K · Current report
Expand Energy 8-K, filed Jul 28, 2026
- Filed
- CIK
- 0000895126
- Accession no.
- 0000895126-26-000046
Summary
Expand Energy reported second quarter 2026 net income of $522 million, adjusted EBITDAX of $1,183 million, and net production of about 7.48 Bcfe/d, reaffirming full-year 2026 production guidance of 7.4–7.6 Bcfe/d. The company announced an additional ~$1 billion share repurchase authorization and the acquisition of Twin Eagle Holdings, which Interim CEO Mike Wichterich said would establish Expand as the leading integrated natural gas company.
Key points
- Net cash provided by operating activities was $1.096 billion; net income was $522 million, or $2.19 per fully diluted share, and adjusted net income was $317 million, or $1.33 per diluted share.
- Total debt was $3.7 billion at quarter-end, down about $1.3 billion from year-end after an April 2026 senior note redemption; net debt was $3.1 billion with a leverage ratio of about 0.5x.
- Expand Energy repurchased about $530 million of common stock in the second quarter, bringing year-to-date repurchases to about $850 million, or 4% of shares outstanding, and authorized an additional ~$1 billion buyback.
- The company operated an average of 12 rigs, drilled 55 wells and turned 48 wells in line, and expects 11–12 rigs and $2.75–$2.95 billion of capital investment in 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition. On July 28, 2026, Expand Energy Corporation (“Expand Energy”) issued a press release reporting second quarter 2026 financial and operational results. A copy of the press release and financial information are attached hereto as Exhibit 99.1. The information contained in the press release is being furnished, not filed, pursuant to Item 2.02. Accordingly, the information contained in the press release shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”)…
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.