Quarterly ResultJul 28, 2026, 04:08 PM
Expand Energy H1 Net Income $1.68B, EPS $7.03; Reduces Debt
AI Summary
Expand Energy reported strong first-half 2026 results with net income of $1.68 billion and basic EPS of $7.03, significantly up from the prior year. However, Q2 2026 saw a decline in net income to $522 million and basic EPS to $2.19 compared to Q2 2025. The company substantially reduced its long-term debt by $1.32 billion and entered a 20-year LNG sales agreement with Delfin for 1.15 MTPA.
Key Highlights
- H1 2026 net income increased to $1.68 billion, up 133.8% YoY.
- H1 2026 basic EPS rose to $7.03, up 131.25% from H1 2025.
- Q2 2026 net income was $522 million, down 46% from Q2 2025.
- Long-term debt decreased by $1.32 billion to $3.68 billion since Dec 31, 2025.
- Net cash from operating activities for H1 2026 was $3.50 billion, up 44.6% YoY.
- Signed 20-year LNG sales agreement for 1.15 MTPA with Delfin, starting 2031.
- Repurchased $580 million of common stock in H1 2026.
- Maintained quarterly dividend of $0.575 per share.
Price Impact
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