Expand Energy 10-Q Details Q3: $519M Net Income, $1.4B Twin Eagle Deal Closed
EXE is trading near its 52-week low of $83.25 (14% above the low).
Summary
Expand Energy's Q3 10-Q confirms $519 million net income ($2.24 per diluted share) and details the closed $1.4 billion Twin Eagle acquisition, which added $349 million of goodwill and $1.1 billion of intangibles while debt fell to $4.6 billion.
Key Events · Earnings and Guidance · EXE
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Q3 Net Income $519 Million
Net income of $519 million, or $2.24 per diluted share, on total revenues and other of $3,286 million; nine-month net income reached $2,200 million versus $1,266 million a year earlier.
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Twin Eagle Purchase Accounting Disclosed
The $1.4 billion acquisition closed September 16, 2026, with total consideration of $1,405 million allocated to $1,089 million of intangibles and $349 million of goodwill — the company's first goodwill.
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Debt Cut, $37 Million Gain
Redeemed $847 million of 6.75% 2029 notes and $440 million of 5.875% 2029 notes, recognizing a $37 million gain; long-term debt fell to $4,632 million from $5,009 million.
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Cash Flow and Liquidity
Nine-month operating cash flow of $4,675 million versus $3,619 million, capital expenditures of $2,298 million, and $3.9 billion of total liquidity including $3.1 billion undrawn on the revolver.
Analysis · EXE · Energy & Transportation
The headline numbers were already out, but the 10-Q is where the balance sheet and the Twin Eagle purchase accounting become visible. Net income of $519 million ($2.24 per diluted share) held roughly flat year over year even as revenue rose, and nine-month earnings of $2.2 billion more than doubled on higher gas prices and volumes. The $1.4 billion Twin Eagle marketing acquisition added $1.1 billion of intangibles and $349 million of goodwill — the first goodwill on the books — and pushed marketing revenue up. Debt fell to $4.6 billion after redeeming $1.29 billion of 2029 notes at a $37 million gain, leaving roughly $3.9 billion of liquidity. The main thing to watch is whether the marketing segment and the new intangibles earn their keep as amortization builds.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.7% of the 1698 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, EXE was trading at $95.00 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $21.9B. The 52-week trading range was $83.25 to $126.62. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.