EXPAND ENERGY Corp executive Daniel F. Turco reported equity compensation transactions. He received common stock awards of 5,693 shares that vested at no cash cost and now holds 18,508 common shares directly. On the same date, 775 shares were forfeited back to the company at a value of $107.02 per share to cover tax withholding.
Turco was also granted performance share units in two awards, each covering 6,641 underlying shares of common stock. Each performance share unit can ultimately settle into zero to two shares depending on Expand Energy’s absolute and relative total shareholder return over the applicable performance periods, with expiration in 2029.
EXPAND ENERGY Corp VP-Accounting & Controller Gregory M. Larson reported equity compensation and related tax withholding for company shares. On March 15, 2026, he exercised performance share units that delivered 953 shares of common stock based on absolute and relative total shareholder return goals.
He also received grants of 1,186 + 1,186 performance share units and 2,372 shares of common stock as awards. To cover tax obligations on vesting, 522 shares and 276 shares were forfeited back to the issuer at a value of $107.02 per share, described as a 30‑day VWAP. After these transactions, he directly holds 14,560 shares of common stock.
EXPAND ENERGY Corp director and interim President and CEO Michael Wichterich bought additional company stock. On March 6, 2026, he made two open-market purchases of common stock totaling 2000 shares at prices of 107 and 108 per share. Following these transactions, his directly held stake rose to 83498 common shares.
EXPAND ENERGY Corp executive Lacy Christopher W disposed of 7,462 shares of common stock at $108.06 per share. These shares were forfeited back to the company to satisfy tax withholding obligations tied to the partial vesting of a previously granted restricted stock unit award. After this tax-withholding disposition, Christopher directly holds 54,158 shares of EXPAND ENERGY common stock.
Expand Energy Corp executive Raiford Brittany, VP, Interim CFO & Treasurer, reported a Form 4 transaction involving company common stock. On February 20, 2026, 485 shares were forfeited to the company at $108.06 per share to satisfy tax withholding tied to the partial vesting of a previously granted restricted stock unit award. After this tax-withholding disposition, Brittany directly owned 15,060 shares of Expand Energy common stock.
EXPAND ENERGY Corp director Matthew Gallagher reported an open-market purchase of 1,000 shares of common stock on February 19, 2026. The shares were bought at an average price of $100.66 per share. Following this transaction, his direct holdings increased to 17,917 common shares.
EXPAND ENERGY Corp executive Daniel F. Turco reported a tax-related share disposition. On the reported date, 740 shares of common stock were forfeited to the company at a reference price of $99.52 per share to satisfy tax withholding obligations tied to the partial vesting of a previously disclosed restricted stock unit award. After this non-market transaction, Turco directly owned 13,590 shares of EXPAND ENERGY common stock.
Expand Energy Corporation files its annual report detailing a transformed 2025 after its merger with Southwestern Energy. Expand positions itself as the largest independent U.S. natural gas producer, with total 2025 production of 2,622 Bcfe versus 1,375 Bcfe in 2024.
The company reports total proved reserves of 25,880 Bcfe at December 31, 2025, including 7,304 Bcfe of proved undeveloped reserves, with PV-10 of $19,374 million and a standardized measure of $17,126 million. It invested about $658 million to convert 1,585 Bcfe of PUDs and plans roughly $4.2 billion of future PUD development spending through 2030.
Management highlights balance sheet strengthening, including approximately $1.2 billion of debt reduction, an upsized $3.5 billion 2025 Credit Facility, S&P 500 index inclusion and about $865 million returned to shareholders. The report also outlines extensive regulatory, commodity-price, climate and methane-emissions risks that could materially affect future results.
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.