EXE · 10-Q · 2026Q1 · Full report

LNG Sales Agreement

EXPAND ENERGY Corp · 2026-04-28 · Importance 47 · Surprise 60

On April 22, 2026 Expand executed a Sales and Purchase Agreement with Delfin FLNG 1 LLC for long-term liquefaction offtake, subject to final investment decision. Under the SPA the company will purchase approximately 1.15 million tonnes of LNG per annum at a Henry Hub price, with a targeted contract start date in 2031. The agreement supplants previously announced SPAs, and the company notes that the previously announced SPAs with Delfin and Gunvor Group Ltd have been terminated. The SPA represents a material long-term marketing commitment tied to future LNG export capacity.