Expand Energy Corporation Announces Pricing of Senior Notes Offering

Expand Energy prices a $500 million senior notes issue maturing in 2031 to raise capital for general corporate purposes.

Rhea-AI Summary

Expand Energy Corporation (EXE) priced a $500 million offering of 5.650% senior notes due 2031 at 99.889% of face value on September 15, 2026.

The notes are expected to close on September 17, 2026, subject to customary closing conditions. Expand Energy intends to use the net proceeds for general corporate purposes. Citigroup Global Markets and J.P. Morgan Securities are joint book-running managers. The offering is being made under an effective Form S-3 shelf registration, only by means of a prospectus supplement and accompanying base prospectus filed with the SEC.

Positive

• $500 million senior notes issuance priced and expected to close September 17, 2026
• Fixed coupon of 5.650% on senior notes due 2031
• Notes priced at 99.889% of face value, near par

Negative

• Issuance adds $500 million in senior notes maturing 2031

News Explained

Expand Energy has priced $500 million of senior notes due 2031, so the disclosed financing is a planned borrowing rather than an issuance of additional shares; closing remains expected on September 17, 2026.

Market Context

At publication, EXE was down 1.51% from its prior close; an SEC filing said the notes rank equally w...

Analysis

At publication, EXE was down 1.51% from its prior close; an SEC filing said the notes rank equally with existing senior unsecured debt, placing the announced financing within the company’s existing debt structure.

Key Figures

Principal Amount: $500,000,000 Interest Rate: 5.650% Offering Price: 99.889% of face value +2 more

Principal Amount

$500,000,000

Senior notes offering

Interest Rate

5.650%

Senior notes due 2031

Offering Price

99.889% of face value

Senior notes offering

Maturity

2031

Senior notes

Expected Closing

September 17, 2026

Subject to customary closing conditions

Key Terms

senior notes, shelf registration statement, form s-3, prospectus supplement

4 terms

senior notes financial

"offering of $500,000,000 aggregate principal amount of its 5.650% senior notes"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

shelf registration statement regulatory

"made pursuant to an effective shelf registration statement on Form S-3"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

form s-3 regulatory

"effective shelf registration statement on Form S-3 previously filed"

Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

prospectus supplement regulatory

"only by means of a prospectus supplement and accompanying base prospectus"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SPRING, Texas, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Expand Energy Corporation (NASDAQ: EXE) (“Expand Energy”) announced today the pricing of its offering (the “Notes Offering”) of $500,000,000 aggregate principal amount of its 5.650% senior notes due 2031 (the “Notes”) at a price to the public of 99.889% of their face value. The Notes Offering is expected to close on September 17, 2026, subject to the satisfaction of customary closing conditions. Expand Energy intends to use the net proceeds from the Notes Offering for general corporate purposes.

Citigroup Global Markets Inc. and J.P. Morgan Securities LLC acted as joint book-running managers for the Notes Offering. The Notes Offering is being made pursuant to an effective shelf registration statement on Form S-3 previously filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 20, 2024, and only by means of a prospectus supplement and accompanying base prospectus. Copies of the prospectus supplement and accompanying base prospectus relating to the Notes Offering may be obtained from the following addresses:

Citigroup Global Markets Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, New York 11717 Telephone: (800) 831-9146 E-mail: prospectus@citi.com	J.P. Morgan Securities LLC c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, New York 11717 E-mail: prospectus-eq_fi@jpmchase.com; postsalemanualrequests@broadridge.com

You may also obtain these documents free of charge by visiting the Electronic Data Gathering and Analysis Retrieval System (EDGAR) on the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of any securities. There shall not be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Expand Energy
Expand Energy Corporation (NASDAQ: EXE) is North America’s largest natural gas producer, powered by dedicated and innovative employees focused on expanding the value of natural gas by connecting global scale to growing markets. Expand Energy’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its advantaged portfolio, financial strength and operational excellence. Expand Energy is committed to expanding America’s energy reach to fuel a more affordable, reliable, lower carbon future.

Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements relating to the anticipated timing of the closing of the Notes Offering and Expand Energy’s intended use of proceeds therefrom, as well as statements reflecting expectations, intentions, assumptions or beliefs about future events and other statements that do not relate strictly to historical or current facts. Although Expand Energy’s management believes the expectations reflected in such forward-looking statements are reasonable, they are inherently subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond Expand Energy’s control. No assurance can be given that such forward-looking statements will be correct or achieved or that the assumptions are accurate or will not change over time. Particular uncertainties that could cause Expand Energy’s actual results to be materially different than those expressed in such forward-looking statement include those described in the prospectus supplement and accompanying base prospectus relating to the Notes Offering and other risks and uncertainties detailed in Expand Energy’s Annual Report on Form 10-K for the year ended December 31, 2025, Expand Energy’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2026 and June 30, 2026, and any other documents that Expand Energy files with the SEC. For a discussion of these risks, uncertainties and assumptions, investors are urged to refer to Expand Energy’s documents filed with the SEC that are available through Expand Energy’s website at www.expandenergy.com or through EDGAR at www.sec.gov. We caution you not to place undue reliance on the forward looking statements contained in this release, which speak only as of the date of the release, and we undertake no obligation to update this information. We urge you to carefully review and consider the disclosures in this release and our filings with the SEC that attempt to advise interested parties of the risk and factors that may affect our business.

INVESTOR CONTACT: Brittany Raiford (405) 935-8870 ir@expandenergy.com	MEDIA CONTACT: Brooke Coe (405) 935-8878 media@expandenergy.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How does Expand Energy plan to use the net proceeds from the senior notes offering?

Expand Energy intends to use the net proceeds from the 5.650% senior notes due 2031 for general corporate purposes.

When is the senior notes offering expected to close?

The $500 million senior notes offering is expected to close on September 17, 2026, subject to the satisfaction of customary closing conditions.

Under what registration statement is the notes offering being made?

The notes offering is being made under an effective shelf registration statement on Form S-3 filed with the SEC on November 20, 2024, using a prospectus supplement and accompanying base prospectus.

How can investors obtain the prospectus supplement and base prospectus for the notes offering?

Copies of the prospectus supplement and accompanying base prospectus may be obtained from Citigroup Global Markets or J.P. Morgan Securities via Broadridge Financial Solutions at 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at (800) 831-9146 for Citigroup, or by the email addresses prospectus@citi.com, prospectus-eq_fi@jpmchase.com, or postsalemanualrequests@broadridge.com, or free of charge through the SEC’s EDGAR system at www.sec.gov.