Expand Energy to Buy Twin Eagle for $1.25 Billion
Filed with the SEC on · Summarized by InvestorsBot
Expand Energy agreed on July 27, 2026, to acquire Twin Eagle Holdings from Five Point Infrastructure for $1.25 billion, with closing expected in the third quarter of 2026 subject to regulatory approvals and other conditions. The company expects the deal to add more than $200 million in annual EBITDA initially and generate $150 million in annual synergies by year-end 2028; it also raised its target for annual incremental free cash flow from its marketing strategy to $750 million.