Expand Energy Corporation Reports Third Quarter 2026 Results
Expand Energy reported Q3 2026 net income of $519 million ($2.24 per diluted share) and adjusted net income of $338 million ($1.46 per diluted share, up 51% YoY from $0.97), with adjusted EBITDAX of $1,229 million. Production averaged 7.54 Bcfe/d (92% natural gas) on 11 rigs; the company updated FY26 guidance to ~$3 billion of capital and 7.45-7.55 Bcfe/d of production, and closed the Twin Eagle acquisition on September 16 for $1,395 million net.
Key figures
- Eps
- 2.24
- Revenue
- 3286000000
- Guidance
- FY2026: 11-12 rigs, capital investment of approximately $3 billion, average daily production of approximately 7.45-7.55 Bcfe/d; Q4 marketing EBITDA of $80 million expected
- Revenue Yoy
- 11%
- Total debt
- 4600000000
- Q3 buybacks
- 305000000
- Adjusted eps
- 1.46
- Adjusted fcf
- 354000000
- Ytd buybacks
- 900000000
- Free cash flow
- 339000000
- Leverage ratio
- 0.8x
- Net income yoy
- -5% ($519M vs $547M)
- Adjusted ebitdax
- 1229000000
- Adjusted eps yoy
- +51% ($1.46 vs $0.97)
- Adjusted net income
- 338000000
- Operating cash flow
- 1177000000
- Buyback capacity remaining
- 1000000000
- Net production bcfe per day
- 7.54
- Quarterly dividend per share
- 0.575
AI analysis
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