Expand Energy reports $522 million profit and authorizes $1 billion buyback
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 in operating cash flow, while production reached approximately 7.48 Bcfe per day and full-year guidance remained 7.4–7.6 Bcfe per day. Total debt fell to $3.7 billion at June 30 after a $1.3 billion senior-note redemption, and the company repurchased about $530 million of stock during the quarter before authorizing an additional $1 billion; it also announced the acquisition of Twin Eagle Holdings, though the filing provides no purchase price or closing date.