EXE · 10-Q · 2026Q1 · Full report

Macroeconomic Factors Impact

EXPAND ENERGY Corp · 2026-04-28 · Importance 46 · Surprise 42

Management identifies heightened geopolitical tensions (notably an escalation involving the United States, Israel and Iran in late February and early March 2026) and supply disruptions as drivers of amplified price volatility across global natural gas, oil and NGL markets. Domestically, mild weather and robust production have depressed near‑term natural gas prices, while structural demand drivers — commissioning of new LNG export capacity, industrial onshoring and rapid expansion of AI data centers — are expected to tighten markets over time. The Company also monitors trade measures and tariffs on steel and oil‑related cost inputs such as diesel fuel for potential cost pressure on operations and partners. For additional discussion of price volatility and economic uncertainty risks, management refers to the 2025 Form 10‑K Risk Factors.

Key facts

• The Company has established a goal of net zero (Scope 1 and 2) greenhouse gas emissions by 2035.
• The Company has established a goal to maintain 100% responsibly sourced gas (RSG) certification across its portfolio.
• In late February and early March 2026, military conflict involving the United States, Israel and Iran escalated in the Middle East, increasing geopolitical uncertainty in global energy markets.

Impact estimates