Company facts
- Industry
- Crude Petroleum & Natural Gas
- Headquarters
- Spring, Texas
- Most recent report
- 10-Q, filed Oct 27, 2026
- Incorporated
- Oklahoma
- Filings on record
- 1,000+ filings
- On EDGAR
- CIK 895126
- Fiscal year ends
- December
- Filer status
- Large accelerated filer
Financials 8 of 44
News 8 of 179
Prospectuses and Registrations 8 of 87
- 424B2 Prospectus supplement for an offering Sep 17, 2026
- FWP Free writing prospectus Sep 15, 2026
- 424B5 Prospectus supplement for an offering Sep 15, 2026
- 25-NSE Notice that a security was delisted Feb 6, 2026
- 424B2 Prospectus supplement for an offering Nov 22, 2024
- FWP Free writing prospectus Nov 21, 2024
- 424B5 Prospectus supplement for an offering Nov 20, 2024
- S-3ASR Automatic shelf registration Nov 20, 2024
Proxies 8 of 22
- DEFA14A Extra proxy material Apr 24, 2026
- DEF 14A Proxy statement for a shareholder vote Apr 24, 2026
- DEFA14A Extra proxy material Apr 25, 2025
- DEF 14A Proxy statement for a shareholder vote Apr 25, 2025
- DEFA14A Extra proxy material Apr 26, 2024
- DEF 14A Proxy statement for a shareholder vote Apr 26, 2024
- DEFA14A Extra proxy material Apr 28, 2023
- DEF 14A Proxy statement for a shareholder vote Apr 28, 2023
Ownership 8 of 541
- 4 Insider reported a trade Nov 2, 2026
- 4 Insider reported a trade Oct 28, 2026
- 3 Insider reported their initial holding Oct 28, 2026
- 4 Insider reported a trade Oct 19, 2026
- 3 Insider reported their initial holding Oct 16, 2026
- 4 Insider reported a trade Oct 16, 2026
- SCHEDULE 13G Large holder reported a passive stake Aug 7, 2026
- 4 Insider reported a trade Jun 15, 2026
Other 8 of 127
What to read: Sep 2026 10-Q
SECSift found 5 of 13 sections worth reading, with 0 positive, 15 notable, and 3 negative flags.
Financial Statements (Item 1)
Twin Eagle acquisition, new segments, debt restructuring, and large buyback all in this period.Notable- Acquired Twin Eagle for $1.4B, adding $349M goodwill and $1.1B intangibles; funded with cash and Credit Facility borrowings.
- Issued $500M of 5.65% senior notes due 2031; Credit Facility had $450M drawn and $3.1B available as of Sept 30, 2026.
- Redeemed $847M of 6.75% notes and $440M of 5.875% notes due 2029 for ~$1.3B, recognizing $37M gain.
- Entered 20-year LNG SPA with Delfin for ~1.15 MTPA; estimated commitments of ~$2.9B, deliveries expected in 2031.
- Repurchased 9.8M shares for $909M in the nine months ended Sept 30, 2026, up from 0.9M shares for $100M a year earlier.
Management's Discussion (Item 2)
New segment structure, Twin Eagle acquisition, large debt repayments, and heavy share buybacks.Notable- CEO replaced: Michael Wichterich interim Feb 2026, Daniel Brown appointed Oct 2026.
- Declared base quarterly dividend of $0.575 per share on Oct 27, 2026.
- Estimated $8.9B in future commitments under gathering, processing, transportation, storage agreements.
- Twin Eagle Credit Facility has $1.0B elected commitments, $266M letters of credit outstanding.
- Cash from operations rose to $4.675B (9mo 2026) from $3.619B, driven by higher prices and volumes.
- Separation costs of $12M (9mo 2026) and $22M Twin Eagle acquisition costs recognized.
- Income tax expense of $569M recorded for 9mo 2026, up from $329M; effective rate 20.6%.
Legal Proceedings (Item 1)
Bankruptcy court involvement and Chapter 11 cases are company-specific risks.NotableRisk Factors (Item 1A)
Company-specific risk: Twin Eagle integration may fail, disrupting operations and delaying benefits.Unregistered Sales and Repurchases (Item 2)
Large buyback activity in July; $1B remaining authorization.
What changed: Sep 2026 vs. Jun 2026
About 29% of EXE's Sep 2026 10-Q is new information. 127 paragraphs were added, 111 changed, and 32 removed. Below are the most important lines SECSift identified.
New
- Added $500M 5.65% senior notes due 2031 issued Sep 17, 2026.
- Added Exhibit 10.1: Agreement and Plan of Merger dated July 24, 2026, by Expand Energy, Twin Eagle N.A., LLC, Eikon AW Holdings, LLC and TERM Holdings, LLC.
- Added Exhibit 10.2: Second Supplemental Indenture dated September 17, 2026, between Expand Energy and Regions Bank as Trustee.
- Added Exhibit 10.3: Fifth Amended and Restated Credit Agreement dated May 16, 2025, among Twin Eagle Resource Management, LLC, Twin Eagle Resource Management Canada, LLC, and MUFG Bank.
- Added Exhibit 10.4: Amendment No. 1 to the Fifth Amended and Restated Credit Agreement dated September 10, 2026.
- Added Exhibit 10.5: Uncommitted Trade Receivables Purchase Agreement dated February 17, 2022, between Twin Eagle Resource Management, LLC and MUFG Bank.
Changed
- Liquidity fell to $3.9 billion from $4.2 billion, with cash dropping to $0.1 billion from $0.7 billion.
- Capital expenditure guidance narrowed to approximately $3.0 billion from a range of $2.75–$2.95 billion.
- Cash and cash equivalents fell to $118M from $663M as of June 30, 2026.
- Derivative assets rose to $889M from $602M as of June 30, 2026.
- Long-term debt, net rose to $4,632M from $3,685M as of June 30, 2026.
Everything here comes from EXPAND ENERGY Corp's own filings on SEC EDGAR. The filing list is rechecked every hour. SECSift analysis was completed on Oct 27, 2026, from the 10-Q for Sep 2026.