EXPAND ENERGY Corp reported 2026 quarter results with revenue of $2.96B and diluted EPS of $2.19, down versus the prior-year quarter as weaker prices tempered gains from higher production volumes.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$2.96B$3.69B(19.8%) | Net income²$522M$968M(46.1%) | Diluted EPS³$2.19$4.02(45.5%) |
¹ Reported as “Total revenues and other”. ² Reported as “Net income”. ³ Reported as “Diluted earnings per common share”.
Business Highlights
- Production growth: Increased volumes across Haynesville and Appalachia drove higher total production and supported year-over-year sales.
- Revenue momentum: Stronger realized gas prices during a winter event boosted six-month sales despite softer quarter-to-quarter prices.
- Operational expansion: Company plans 205–235 well completions in 2026 using 11–12 rigs and expects $2.75–$2.95B in capital expenditures to accelerate development.
- Commercial initiatives: Executed a long-term LNG SPA for about 1.15 MTPA (starting 2031) and is pursuing the Twin Eagle acquisition to expand marketing and logistics capabilities.
- Efficiency & sustainability: Focus on margin improvement through operating efficiencies, RSG certification, and a net-zero Scope 1/2 target by 2035.
Original SEC Filing:
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