Form 10-Q · Quarterly report
Expand Energy 10-Q, filed Oct 27, 2026
- Filed
- CIK
- 0000895126
- Accession no.
- 0000895126-26-000068
Summary
Expand Energy completed the approximately $1.4 billion acquisition of Twin Eagle, issued $500 million of 5.65% senior notes due 2031 and repaid two senior note series, and appointed Daniel E. Brown as President and CEO effective October 26, 2026. It also executed a long-term LNG offtake agreement with Delfin FLNG 1 LLC for about 1.15 MTPA and expanded its share repurchase authorization to $2.0 billion.
Key points
- Expand Energy completed the approximately $1.4 billion acquisition of Twin Eagle, a natural gas marketing and logistics provider, on September 16, 2026.
- Expand Energy issued $500 million of 5.65% senior notes due 2031 and repaid its 6.75% senior notes due 2029 for about $875 million and its 5.875% senior notes due 2029 for about $446 million.
- The board appointed Daniel E. Brown as President and CEO effective October 26, 2026; Michael Wichterich had served as interim President and CEO since February 6, 2026.
- Expand Energy executed a long-term LNG sales and purchase agreement with Delfin FLNG 1 LLC for approximately 1.15 MTPA, targeted to start in 2031, and terminated prior SPAs with Delfin and Gunvor Group.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. Management’s Discussion Recent Developments Twin Eagle Acquisition On September 16, 2026, we completed the acquisition of Twin Eagle, a provider of natural gas marketing and logistics services, through a merger with one of our wholly owned subsidiaries. The aggregate purchase price was approximately $1.4 billion, including purchase price adjustments. See Note 2 of the notes to our condensed consolidated financial statements included in Item 1 of Part I of this report for further discussion. …
An excerpt of the text as filed with the SEC, cut for length.
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