Expand Energy reports $522 million profit and adds $1 billion buyback authorization
Filed with the SEC on · Summarized by InvestorsBot
Expand Energy reported second-quarter 2026 net income of $522 million, or $2.19 per diluted share, on $1.096 billion of operating cash flow and 7.48 Bcfe/d of production; it reaffirmed 2026 production guidance of 7.4–7.6 Bcfe/d and capital spending of $2.75–$2.95 billion. Total debt was $3.7 billion at June 30, down about $1.3 billion from year-end, while the company repurchased about $530 million of stock during the quarter and authorized an additional approximately $1 billion; it also announced the acquisition of Twin Eagle Holdings, though the filing provides no transaction value or closing date.