EXPAND ENERGY Corp reported first quarter 2026 results: net income $1,159 million, or $4.81 per fully diluted share, EPS $4.81 per fully diluted share. Guidance reaffirmed.
“2026 financial and operating results. • Net cash provided by operating activities of $2,402 million, reflecting continued strong cash generation from operations • Net income of $1,159 million, or $4.81 per fully diluted share; adjusted net income (1) of $923 million, or $3.83 per diluted share • Adjusted EBITDAX (1) of $1,968 million • Net production of ~7.44 Bcfe/d”
Debt Financings
EXPAND ENERGY Corp incurred revolving credit of $3.5 billion with JPMorgan Chase Bank, N.A. at term SOFR plus an applicable rate ranging from 1.125% to 2.00% per annum maturing five years from the Effective Date.
“On September 30, 2025 (the “Effective Date”), Expand Energy Corporation (“Expand” or the “Company”) entered into an amended and restated credit agreement (the “Credit Agreement”) with the lenders and issuing banks party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”), providing for an unsecured revolving credit facility (the “Credit Facility”) with initial aggregate commitments of $3.5 billion”
Benjamin E. Russ was removed as Executive Vice President, General Counsel and Corporate Secretary at EXPAND ENERGY Corp.
“Benjamin E. Russ was removed as Executive Vice President, General Counsel and Corporate Secretary of the Company as of October 1, 2024.”
Christopher Lacy was appointed as Executive Vice President, General Counsel and Corporate Secretary at EXPAND ENERGY Corp.
“On October 1, 2024, the Board announced the appointment of Christopher Lacy as the Company’s Executive Vice President, General Counsel and Corporate Secretary, effective as of October 1, 2024.”
Benjamin E. Russ departed as Executive Vice President – General Counsel and Corporate Secretary at EXPAND ENERGY Corp.
“Benjamin E. Russ will no longer serve as Executive Vice President – General Counsel and Corporate Secretary of the Company.”
Shameek Konar was appointed as Director at EXPAND ENERGY Corp.
“four new directors, Catherine A. Kehr, John D. Gass, S.P. “Chip” Johnson IV and Shameek Konar”
S.P. "Chip" Johnson IV was appointed as Director at EXPAND ENERGY Corp.
“four new directors, Catherine A. Kehr, John D. Gass, S.P. “Chip” Johnson IV and Shameek Konar”
John D. Gass was appointed as Director at EXPAND ENERGY Corp.
“four new directors, Catherine A. Kehr, John D. Gass, S.P. “Chip” Johnson IV and Shameek Konar”
Catherine A. Kehr was appointed as Director at EXPAND ENERGY Corp.
“four new directors, Catherine A. Kehr, John D. Gass, S.P. “Chip” Johnson IV and Shameek Konar”
Earnings Releases
EXPAND ENERGY Corp reported first quarter 2024 results: net income Net income of $26 million, or $0.18 per fully diluted share, EPS $0.18 per fully diluted share.
“Chesapeake Energy Corporation (NASDAQ:CHK) today reported first quarter 2024 financial and operating results. • Net income of $26 million, or $0.18 per fully diluted share; adjusted net income (1) of $80 million, or $0.56 per share”
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