Quarterly ResultApr 28, 2026, 04:12 PM
EXE Q1 Net Income $1.16B, EPS $4.81; Debt Reduced $1.3B
AI Summary
Expand Energy Corporation reported strong first quarter 2026 results with net income of $1.16 billion and diluted EPS of $4.81, reflecting robust cash generation. The company significantly reduced total debt by $1.3 billion and repurchased $150 million of common stock. Additionally, Expand Energy signed a 20-year Sales and Purchase Agreement with Delfin FLNG Vessel 1 for 1.15 million tonnes of LNG offtake per year, extending its global market reach.
Key Highlights
- Net income was $1,159 million, a significant turnaround from a $249 million loss in Q1 2025.
- Diluted EPS reached $4.81, compared to a diluted loss of $1.06 per share in Q1 2025.
- Net cash provided by operating activities increased to $2,402 million from $1,096 million YoY.
- Total debt was reduced by approximately $1.3 billion through senior note redemption in April 2026.
- Repurchased $150 million of common stock through April 24, 2026.
- Signed a 20-year SPA with Delfin FLNG Vessel 1 for ~1.15 million tonnes of LNG offtake per year.
- Net production was ~7.44 Bcfe/d, reaffirming full-year 2026 guidance of ~7.5 Bcfe/d.
- Declared a quarterly base dividend of $0.575 per share payable on June 4, 2026.
Price Impact
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