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Gotrade News - Expand Energy (EXE) reported third-quarter 2026 net income of $519 million, or $2.24 per fully diluted share, and adjusted net income of $338 million, or $1.46 per diluted share, according to the company's official release, published at 4:03 p.m. ET on Tuesday, October 27, 2026.
Regular-session close on October 27, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Market cap: that close times the shares outstanding on the latest 10-Q or 10-K cover (SEC EDGAR).
Expand Energy Earnings Details
The company reported net cash provided by operating activities of $1,177 million for the quarter, which it said was driven by operational performance and liquids revenue. Adjusted EBITDAX, a non-GAAP measure, came to $1,229 million. Net production averaged 7.54 Bcfe/d, 92% of it natural gas, including 6.9 Bcf/d of natural gas, 17 MBbls/d of oil and 87 MBbls/d of natural gas liquids.
Total debt stood at $4.6 billion at quarter-end, with a leverage ratio of 0.8x. The company repurchased $305 million of common stock in the quarter, and said year-to-date repurchases total approximately $900 million, or 4% of shares outstanding. It has $1 billion of capacity for additional repurchases under its previously announced expanded authorization.
For the full year 2026, the company expects to run 11 to 12 rigs, has updated its capital investment guidance to approximately $3 billion and expects average daily production of approximately 7.45 to 7.55 Bcfe/d. It reported $150 million of marketing adjusted EBITDA for the nine months ended September 30, 2026, and expects $80 million of marketing EBITDA in the fourth quarter, reflecting the impact of the Twin Eagle acquisition.
Why It Matters for EXE
Expand Energy, which describes itself as the largest natural gas producer in the U.S., completed its acquisition of Twin Eagle Holdings, N.A., LLC on September 16, 2026. President and Chief Executive Officer Danny Brown said the company is "uniquely positioned to monetize the volatility we see in the gas market today, provide advantaged supply to premium markets and capitalize on the demand growth we expect in the future." He added that he looks forward to working with the team "to continue the momentum built and firmly establish Expand Energy as North America's leading integrated gas company."
The company said it expects to continue an allocation of capital that includes opportunistic share repurchases, while preserving balance sheet capacity. It plans to pay its quarterly base dividend of $0.575 per share on Thursday, December 3, 2026, to shareholders of record at the close of business on Thursday, November 12, 2026.
What to watch next: Expand Energy holds a conference call to discuss its third-quarter 2026 results and 2026 outlook at 9 a.m. ET on Wednesday, October 28, 2026.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
