| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 4.4K | 100.2% |
| Total Income | 4.4K | 100.2% |
| Expenditure | 2.9K | 16.3% |
| PBT | 1.5K | 566.8% |
| Net Profit | 1.2K | 565.5% |
| OPM | 34.82% | 47.02pp |
| NPM | 26.36% | 37.70pp |
| EPS | 4.83 | 555.7% |
Expand Energy Reports Q1 2026 Results: Net Income $1.159 Billion
03 May 2026 · 3 May, 6:24 pm
Summary
Expand Energy Corporation reported its Q1 2026 financial results, highlighting strong cash generation and significant debt reduction. Net income for the quarter was $1,159 million, or $4.81 per fully diluted share, with adjusted EBITDAX at $1,968 million. The company's net production averaged 7.44 Bcfe/d. Expand Energy also executed a Sales and Purchase Agreement for long-term LNG offtake, and continued to return cash to shareholders through debt redemption and share repurchases.
Key Highlights
- 1
Expand Energy reported net cash provided by operating activities of $2,402 million for Q1 2026.
- 2
Net income for Q1 2026 was $1,159 million, or $4.81 per fully diluted share.
- 3
Adjusted EBITDAX for Q1 2026 reached $1,968 million.
- 4
Net production averaged approximately 7.44 Bcfe/d (93% natural gas) during Q1 2026.
- 5
Total debt was reduced by approximately $1.3 billion in April 2026 through senior note redemption, reaching $5.0 billion as of quarter-end.
- 6
The company repurchased $150 million of common stock through April 24, 2026.
- 7
Expand Energy signed a 20-year Sales and Purchase Agreement (SPA) with Delfin FLNG Vessel 1 for approximately 1.15 million tonnes of LNG offtake per year.
Management Comments
Mike Wichterich
“The world critically needs natural gas supply to meet rapidly rising power demand, growing industrial activity, and global LNG expansion to address a global reset in energy security," said Mike Wichterich, Interim President and Chief Executive Officer of Expand Energy. “We’re built for this future as the largest, low-cost, market-connected natural gas producer in America, with differentiated opportunity to grow free cash flow and enhance returns for shareholders. Our scale, direct access to rapidly expanding global markets, and operational discipline aren't aspirations, they're the foundation we're building upon.”
Informational and educational content only. Not investment advice.