Expand Energy Corporation: Capital Research Global Investors filed Amendment No. 2 to report beneficial ownership of 6,798,764 shares of common stock, representing 2.8% of 240,398,260 shares believed outstanding as of the filing. The filing shows sole voting power for 6,792,529 shares and sole dispositive power for 6,798,764 shares.
Positive
None.
Negative
None.
Insights
Large institutional stake disclosed without change-in-control implications.
Capital Research Global Investors reports holding 6,798,764 shares, or 2.8% of the outstanding common stock. The position size is below 5% and is reported via a Schedule 13G/A amendment.
As a passive institutional holder under a 13G filing framework, this reporting is a disclosure of position rather than an active takeover signal; subsequent filings would show any change in intent or scale.
Voting and dispositive powers are concentrated within the reporting group.
The filing lists sole voting power for 6,792,529 shares and sole dispositive power for 6,798,764, indicating centralized decision authority within the investment management entities named.
Because the stake is reported as 5% or less, governance outcomes and control thresholds are unaffected; any material change would be visible in later amendments.
Key Figures
Beneficially owned shares:6,798,764 sharesPercent of class:2.8%Shares outstanding (reference):240,398,260 shares+2 more
5 metrics
Beneficially owned shares6,798,764 sharesAmount beneficially owned reported in Schedule 13G/A
Percent of class2.8%Percent of class based on 240,398,260 shares believed outstanding
Shares outstanding (reference)240,398,260 sharesShares believed to be outstanding as cited in the filing
Sole voting power6,792,529 sharesNumber with sole power to vote as stated in Item 4
Sole dispositive power6,798,764 sharesNumber with sole power to dispose as stated in Item 4
Key Terms
Schedule 13G/A, beneficial owner, sole dispositive power
3 terms
Schedule 13G/Aregulatory
"Amendment No. 2 to Schedule 13G/A reporting beneficial ownership"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficial ownerregulatory
"CRGI is deemed to be the beneficial owner of 6,798,764 shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 6,798,764"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
How many shares of EXE does Capital Research Global Investors report owning?
Capital Research Global Investors reports beneficial ownership of 6,798,764 shares of Expand Energy common stock, per Amendment No. 2. The filing states this equals 2.8% of 240,398,260 shares believed outstanding.
What voting and disposition powers does Capital Research report for EXE?
The filing shows sole voting power for 6,792,529 shares and sole dispositive power for 6,798,764 shares. No shared voting or dispositive powers are reported in the amendment.
What form was filed to disclose Capital Research's position in EXE?
Capital Research filed a Schedule 13G/A (Amendment No. 2) to disclose its position in Expand Energy. The amendment format indicates reporting of an institutional investor's beneficial ownership under the Schedule 13G framework.
Does the filing indicate control or an intent to acquire more of EXE?
The amendment reports a 2.8% beneficial stake and cites the reporting group as an investment management entity. It does not state any control change or an intent to acquire additional shares within the disclosed text.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Expand Energy Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
165167735
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
165167735
1
Names of Reporting Persons
Capital Research Global Investors
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
6,792,529.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
6,798,764.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,798,764.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.8 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Expand Energy Corporation
(b)
Address of issuer's principal executive offices:
6100 N WESTERN AVE, OKLAHOMA CITY, OK 73118, United States of America
Item 2.
(a)
Name of person filing:
Capital Research Global Investors
(b)
Address or principal business office or, if none, residence:
333 South Hope Street, 55th Fl, Los Angeles, CA 90071
(c)
Citizenship:
N/A
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
165167735
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
6,798,764 **
**Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 6,798,764 shares or 2.8% of the 240,398,260 shares believed to be outstanding.
(b)
Percent of class:
2.8 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
6,792,529
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
6,798,764
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Capital Research Global Investors
Signature:
Jae Won Chung
Name/Title:
Vice President and Senior Counsel II, Capital Research and Management Company
