Expand Energy 2Q26 net income rises to $522 million; adjusted EBITDAX falls to $1.18 billion - EXE News | RalliesExpand Energy 2Q26 net income rises to $522 million; adjusted EBITDAX falls to $1.18 billion
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EXE• 2Q 2026 results and capital returns
- Expand Energy posted 2Q 2026 GAAP net income of $522 million; non-GAAP adjusted EBITDAX totaled $1.18 billion.
- Free cash flow was $343 million; total capital expenditures were $851 million, including $656 million of drilling and completion spending.
- Output averaged 7,482 MMcfe/d, keeping it the largest domestic natural gas producer at about 7.5 Bcfe/d.
- Year-to-date share repurchases reached $849 million; a new roughly $1 billion buyback authorization was announced.
- Expand agreed to buy Twin Eagle for $1.25 billion in cash, targeting $350 million of annual EBITDA post-synergies; closing is expected in 3Q 2026.
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