The company said it completed the Twin Eagle acquisition on September 16, 2026, with a total consideration of about $1.4 billion, including purchase price adjustments. The company explained that it used a portion of $450 million in net borrowings under the Credit Facility, along with cash on hand, to fund the acquisition.

1. 01

   The company said it completed the Twin Eagle acquisition on September 16, 2026, with a total consideration of about $1.4 billion, including purchase price adjustments. The company explained that it used a portion of $450 million in net borrowings under the Credit Facility, along with cash on hand, to fund the acquisition.

2. 02

   The company said it issued $500 million of 5.65% Senior Notes due 2031 in an underwritten public offering on September 2026. It also said it repaid and terminated 6.75% Senior Notes due 2029 for about $875 million, and 5.875% Senior Notes due 2029 for about $446 million, in each case including accrued interest, using cash on hand.

3. 03

   Expand Energy said it repurchased 9.8 million shares for a total of $909 million during the Current Period. Operating cash flow was $4,675 million for the Current Period and $3,619 million for the Prior Period. The company cited higher prices for the natural gas it sold and higher sales volumes as the reasons for the increase.

4. 04

   The company said its liquidity was $3.9 billion as of September 30, 2026, including $0.1 billion of cash on hand, $3.1 billion of unused borrowing capacity under the Credit Facility and $0.7 billion of unused capacity under the Twin Eagle Credit Facility. As of the same date, borrowings outstanding under the Credit Facility were $450 million.

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

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