Expand Energy reports $519 million third-quarter profit and raises 2026 capex outlook

Expand Energy reported third-quarter 2026 net income of $519 million, or $2.24 per diluted share, and adjusted net income of $338 million, or $1.46 per share, with $1.177 billion in operating cash flow and production of 7.54 Bcfe per day. The company completed its acquisition of Twin Eagle on September 16, ended the quarter with $4.6 billion of debt and 0.8x leverage, and repurchased $305 million of stock; it now expects approximately $3 billion of 2026 capital investment and 7.45–7.55 Bcfe per day of production. Expand Energy also plans to pay a $0.575-per-share dividend on December 3, 2026, to shareholders of record November 12.