Recent Updates — EXE
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.
Expand Energy Corporation entered into an underwriting agreement on September 15, 2026, for a $500 million public offering of 5.650% Senior Notes due 2031. The notes were priced at 99.889% of face value with Citigroup and J.P. Morgan acting as joint book-running managers. Proceeds are intended for general corporate purposes, and the transaction is expected to close on September 17, 2026. Expand Energy Corporation operates in the energy sector as North America’s largest natural gas producer.
Expand Energy Corporation entered into an Agreement and Plan of Merger with Twin Eagle N.A., LLC to acquire its asset-backed natural gas marketing and optimization business. The transaction involves a base purchase price of $1.25 billion, subject to working capital, cash, indebtedness, and unpaid transaction expense adjustments. Expand Energy paid a $62.5 million cash deposit upon execution. Closing is contingent on customary conditions, including Hart-Scott-Rodino antitrust clearance, Canadian Competition Act approvals, and Federal Energy Regulatory Commission authorization under the Federal Power Act. The merger agreement may be terminated if not consummated by January 24, 2027. Expand Energy Corporation operates in the energy sector, specifically focusing on natural gas marketing and optimization.
Expand Energy Corporation reported second quarter 2026 net income of $522 million, or $2.19 per fully diluted share, and adjusted net income of $317 million, or $1.33 per diluted share. Net production averaged approximately 7.48 Bcfe/d, reaffirming full-year 2026 guidance. The company reduced total debt to $3.7 billion from year-end 2025 levels and announced an additional $1 billion common stock repurchase authorization following $850 million in year-to-date repurchases. Additionally, the company announced the acquisition of Twin Eagle Holdings, N.A. LLC. Expand Energy is an integrated natural gas company.
Expand Energy Corporation entered a definitive merger agreement to acquire Twin Eagle Holdings, N.A. from Five Point Infrastructure for $1.25 billion. The transaction, expected to close in the third quarter of 2026, aims to create a leading integrated natural gas company by combining Expand's supply with Twin Eagle's marketing platform. The acquisition is expected to be immediately accretive, contributing over $200 million in projected annual EBITDA and $150 million in annual synergies by year-end 2028. Expand Energy plans to fund the acquisition using cash on hand and its revolving credit facility. Expand Energy is an energy company that operates as a natural gas producer and marketer.