Every 8-K that Expand Energy Corporation (EXE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow EXE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EXE filings page.
Expand Energy Corporation agreed to acquire Twin Eagle N.A., LLC, whose subsidiaries operate an asset-backed natural gas marketing and optimization business, through a merger in which Twin Eagle will become a wholly owned subsidiary. The aggregate consideration includes a $1.25 billion base purchase price, subject to post-closing adjustments, and a $62.5 million cash deposit has been paid.
The transaction is conditioned on customary matters, including accurate representations and warranties, expiration or termination of the Hart-Scott-Rodino waiting period, approvals under Canada’s Competition Act, and Federal Energy Regulatory Commission approval under Section 203(a) of the Federal Power Act. Holders of a majority of Twin Eagle’s equity have delivered irrevocable written consent, and either party may terminate if the merger is not consummated by January 24, 2027, subject to specified extensions.
Expand Energy Corporation reported second quarter 2026 net income of $522 million, or $2.19 per diluted share, on total revenues and other income of $2,960 million, compared with net income of $968 million and revenues of $3,690 million a year earlier. Adjusted net income was $317 million, or $1.33 per diluted share, and Adjusted EBITDAX was $1,183 million. Net cash provided by operating activities was $1,096 million.
Net production averaged about 7.48 Bcfe/d (92% natural gas), and full-year 2026 production guidance of 7.4–7.6 Bcfe/d was reaffirmed. The company ran an average of 12 rigs, with capital expenditures of $851 million in the quarter and a 2026 capex outlook of $2.75–$2.95 billion while planning to run 11–12 rigs.
Total debt was $3.7 billion at quarter-end, with net debt of $3.1 billion and a net debt-to-Adjusted EBITDAX ratio of about 0.5x, reflecting approximately $1.3 billion of year-to-date debt redemption. The company repurchased about $530 million of stock in the quarter and roughly $850 million year-to-date, authorized an additional ~$1 billion buyback, declared a quarterly dividend of $0.575 per share, and announced the acquisition of Twin Eagle Holdings, N.A. LLC.
Expand Energy Corporation entered into a definitive merger agreement to acquire Twin Eagle Holdings N.A., LLC, a private asset-backed natural gas marketing and optimization business, for $1.25 billion from Five Point Infrastructure. The purchase price is subject to typical adjustments and is expected to close in the third quarter of 2026, pending customary closing conditions and required regulatory approvals. Funding is expected from cash on hand and borrowings under Expand’s revolving credit facility.
The combination is described as immediately accretive and initially expected to contribute more than $200 million of projected annual EBITDA, with $150 million per year of synergies by year-end 2028. Twin Eagle currently markets more than 5 Bcf/d of natural gas, manages roughly 44 Bcf of storage and approximately 2 Bcf/d of firm transportation, serving over 1,000 customers across the U.S. and Canada. On a pro forma basis, the combined portfolio will have approximately 14 Bcf/d of marketed volume, supported by roughly 9 Bcf/d of firm transportation and 49 Bcf of storage capacity, reaching about 90% of the natural gas market. Expand now expects $750 million per year of incremental free cash flow from its marketing and commercial strategy, a 50% increase from its previous target, with Twin Eagle to operate as a wholly owned subsidiary and key Twin Eagle management, including its CEO Jeremy Davis, continuing after closing.
Expand Energy Corporation disclosed that Gregory M. Larson, Vice President – Accounting & Controller, informed the company on June 23, 2026 of his intention to resign. The filing states his decision was not due to any disagreement with the company’s operations, policies or practices.
Executive Vice President and Chief Financial Officer Marcel Teunissen has assumed the role of interim principal accounting officer effective June 23, 2026 while a search is conducted for a permanent Vice President – Accounting & Controller. Teunissen, appointed CFO on April 6, 2026, has no special arrangements tied to this interim role and no related-party interests requiring disclosure.
Expand Energy Corporation reported the results of its 2026 annual shareholder meeting held on June 4, 2026. Shareholders elected all nine director nominees, each receiving strong support with votes for ranging from about 166 million to over 183 million, alongside broker non-votes of 20,458,167 on each director item.
Shareholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers for 2025, with 178,548,194 votes for, 5,243,424 against and 204,268 abstentions, plus 20,458,167 broker non-votes. In addition, they ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2026, with 192,751,958 votes for, 11,582,447 against and 119,648 abstentions.
Expand Energy Corporation reported a strong first quarter of 2026, moving from a loss a year ago to net income of $1,159 million, or $4.81 per diluted share. Total revenues and other income reached $4,397 million, driven by higher natural gas, oil and NGL revenues of $3,315 million.
The company generated net cash provided by operating activities of $2,402 million, supporting free cash flow of $1,695 million and Adjusted EBITDAX of $1,968 million. Net production averaged about 7.44 Bcfe/d, and net debt fell to $2,805 million, helped by approximately $1.3 billion of debt redemptions and $150 million of share repurchases. Expand Energy also signed a 20-year Sales and Purchase Agreement for about 1.15 million tonnes of LNG per year starting in 2031, and plans a quarterly dividend of $0.575 per share.
Expand Energy Corporation reported that director John D. Gass will not stand for re-election to the Board at the 2026 Annual Meeting of Shareholders and will retire from the Board at the conclusion of that meeting. The company states his decision is not due to any disagreement regarding its operations, policies or practices.
Expand Energy Corporation has appointed Marcel Teunissen as Executive Vice President and Chief Financial Officer, effective April 6, 2026. Teunissen, age 52, previously served as President, North America and earlier as Chief Financial Officer at Parkland Corporation, and held senior finance and commercial roles at Shell.
His compensation includes a $550,000 annual base salary, an annual cash performance bonus targeted at 100% of base salary and payable up to 200% based on performance goals, and participation in the long-term incentive program with a $2,500,000 annual target, prorated for 2026. He will be a Tier 2 participant in the company’s Executive Severance Plan, will be covered by executive clawback policies, and will enter into the company’s standard indemnity agreement.
Upon commencement of his employment, interim CFO Brittany Raiford will return to her role as Vice President – Treasurer and Investor Relations. The company issued a press release announcing the appointment, which is furnished as an exhibit.
Expand Energy Corporation reported strong fourth quarter and full-year 2025 results and issued its 2026 outlook. In Q4 2025, net cash from operating activities was $956 million, more than 150% higher than Q4 2024, with net income of $553 million, or $2.30 per diluted share, and adjusted net income of $481 million, or $2.00 per diluted share. Adjusted EBITDAX reached $1,425 million, and net production averaged about 7.40 Bcfe/d, up 15% year over year.
For full-year 2025, net cash from operating activities was $4,575 million and net income was $1,819 million, or $7.57 per diluted share, compared with a net loss in 2024. Adjusted net income was $1,467 million, or $6.10 per diluted share, and adjusted EBITDAX totaled $5,078 million. The company produced roughly 7.18 Bcfe/d (92% natural gas), reduced gross debt by about $660 million in 2025 and about $1.25 billion since the merger close, and returned $865 million to shareholders through dividends and share repurchases.
For 2026, Expand Energy plans a quarterly base dividend of $0.575 per share, expects to invest approximately $2.85 billion of capital to produce around 7.5 Bcfe/d, and targets at least $1 billion of additional debt reduction while continuing shareholder returns via the base dividend and opportunistic buybacks.
Expand Energy Corporation announced a leadership change and a planned headquarters move. Chairman Michael Wichterich has been appointed Interim President and CEO, replacing Domenic (Nick) J. Dell’Osso Jr., who resigned from the board and will advise during the transition.
The company plans to relocate its corporate headquarters from Oklahoma City to Houston in mid-2026, while keeping Oklahoma City as a key operations center. Wichterich will receive a monthly base salary of $125,000 plus long-term equity awards with a grant date fair value of $3.6 million. Expand Energy reaffirmed its synergy, capital and operating outlook for the fourth quarter and full year 2025 and will report those results after market close on February 17, 2026, followed by a conference call on February 18, 2026.
Expand Energy Corporation furnished a press release reporting third quarter 2025 financial and operational results under Item 2.02, with the release attached as Exhibit 99.1. The company also announced it will present its Q3 2025 results on October 29, 2025, and has posted the presentation on its investor website.
The materials were furnished, not filed, meaning they are not subject to Section 18 liability and are not incorporated by reference unless specifically stated.
Expand Energy Corporation entered into an amended and restated unsecured revolving credit facility providing initial aggregate commitments of $3.5 billion, plus up to $1.0 billion of incremental capacity. The facility has a five-year maturity and includes a $1.0 billion letter of credit sublimit and a $100.0 million swingline loan sublimit.
The agreement includes covenants typical for investment-grade borrowers, such as limits on additional priority debt, dividends, mergers, liens, major asset sales and certain affiliate transactions. Expand must maintain a debt-to-capitalization ratio not exceeding 65%. Proceeds will refinance its existing credit facility and fund working capital, capital expenditures and other general corporate purposes.
Expand Energy Corporation reported that Executive Vice President and Chief Financial Officer Mohit Singh will depart the company due to a termination without cause, effective August 13, 2025. He will receive post-employment benefits under the company’s Executive Severance Plan, subject to its terms and conditions.
The company appointed Brittany Raiford, currently Vice President - Treasurer, as Interim Chief Financial Officer and principal financial officer effective the same date while a search for a permanent CFO is conducted. Raiford joined Expand Energy in 2024 through its merger with Southwestern Energy Company, where she held senior roles in investor relations and financial reporting. In her interim role, she will receive an annual base salary of $334,750, a monthly cash stipend of $12,000, and $200,000 in restricted stock units vesting in equal installments over three years, conditioned on continued service. The company also entered into an indemnification agreement with her consistent with its standard form.