EXE · 10-Q · 2026Q1

EXPAND ENERGY Corp

Filed 2026-04-28 · Energy

Ranked Events

• Senior Notes RepaymentImportance 71 · Surprise 60
  On April 15, 2026 Expand repaid the 6.75% Senior Notes due 2029 for approximately $875 million, including accrued interest. On April 17, 2026 the company repaid the 5.875% Senior Notes due 2029 for approximately $446…
• Interest Rate and Refinancing ExposureImportance 64 · Surprise 42
  On April 15, 2026 Expand repaid the 6.75% Senior Notes due 2029 for approximately $875 million, including accrued interest, and on April 17, 2026 repaid the 5.875% Senior Notes due 2029 for approximately $446 million.…
• Outstanding IndebtednessImportance 64 · Surprise 42
  Expand repaid two series of senior notes in April 2026, extinguishing the 6.75% notes (due 2029) for ~ $875 million on April 15, 2026 and the 5.875% notes (due 2029) for ~ $446 million on April 17, 2026, using cash on…
• Liquidity and Cash PositionImportance 56 · Surprise 24
  As of March 31, 2026, the Company reports $5.7 billion of available liquidity, comprised of $2.2 billion of cash on hand and $3.5 billion of aggregate unused borrowing capacity under its Credit Facility, with no…
• LNG Offtake AgreementImportance 47 · Surprise 60
  On April 22, 2026 Expand executed a long-term liquefaction SPA with Delfin FLNG 1 LLC, subject to final investment decision, to purchase ~1.15 million tonnes of LNG per annum with a targeted contract start date in 2031…
• LNG Sales AgreementImportance 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…
• Macroeconomic Factors ImpactImportance 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…
• Capital Return ProgramImportance 46 · Surprise 42
  The Board has an existing $1.0 billion authorization to repurchase common stock and/or warrants (authorized October 2024); during the Current Quarter the company repurchased 0.6 million shares for $66 million and…
• Hedging and Price ProtectionImportance 38 · Surprise 24
  Expand states its future estimated cash flow is partially protected through hedge positions that provide a floor on over 65% of projected gas volumes through the end of 2026, using costless collars and three‑way…
• Market Demand TrendsImportance 38 · Surprise 24
  Domestically, the company reports near‑term pressure on natural gas prices from mild weather and robust production, reducing realized commodity prices in the recent period. However, Expand highlights structural demand…
• Management ChangesImportance 38 · Surprise 60
  On February 6, 2026 the Board appointed Michael Wichterich, Chairman of the Board, as Interim President and Chief Executive Officer, replacing Domenic J. Dell’Osso, Jr., effective immediately. In connection with that…
• Gross Margin DriversImportance 38 · Surprise 24
  Expand reports that its hedge positions provide a floor price on over 65% of projected gas volumes through the end of 2026, using costless collars and three-way collars. These positions partially protect estimated cash…
• Supply Chain Tariff ImpactImportance 20 · Surprise 24
  The company is monitoring tariffs on steel and oil‑related cost inputs such as diesel fuel for potential impacts on its business, partners and customers. These input cost risks can influence well construction,…
• DividendsImportance 19 · Surprise 6
  On April 28, 2026 Expand declared a base quarterly dividend of $0.575 per share payable on June 4, 2026 to holders of record as of May 14, 2026. That quarterly rate annualizes to $2.30 per share, consistent with the…
• Derivative and Hedging ActivitiesImportance 13 · Surprise 6
  The company confirms that changes in market prices for natural gas, oil and NGL materially affect reported operations and cash flows and that it uses derivative instruments to mitigate downside commodity risk. Expand…
• Investment Grade RatingsImportance 10 · Surprise 6
  As of the filing, Expand holds investment grade issuer and debt ratings from the major rating agencies: S&P has an issuer-level rating of 'BBB-' (issuer credit rating 'BBB-') with a stable outlook, Fitch has 'BBB-' on…

Revenue by Product (in millions)

Revenue by Geography (in millions)