--- title: "Expand Energy | 8-K: FY2026 Q2 Revenue: USD 2.96 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294106599.md" datetime: "2026-07-28T20:04:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294106599.md) - [en](https://longbridge.com/en/news/294106599.md) - [zh-HK](https://longbridge.com/zh-HK/news/294106599.md) generator: "portal-rs" --- # Expand Energy | 8-K: FY2026 Q2 Revenue: USD 2.96 B Revenue: As of FY2026 Q2, the actual value is USD 2.96 B. EPS: As of FY2026 Q2, the actual value is USD 2.19, beating the estimate of USD 1.1698. EBIT: As of FY2026 Q2, the actual value is USD 715 M. ### Net Income and Adjusted Net Income Expand Energy Corporation reported a net income of $522 million for the second quarter of 2026, compared to $968 million for the same period in 2025. Adjusted net income for Q2 2026 was $317 million, up from $265 million in Q2 2025. For the six months ended June 30, 2026, net income was $1,681 million, an increase from $719 million in the prior year. Adjusted net income reached $1,240 million for the first half of 2026, up from $752 million in the first half of 2025. ### Adjusted EBITDAX Adjusted EBITDAX for the second quarter of 2026 was $1,183 million, a slight increase from $1,176 million in Q2 2025. Year-to-date Adjusted EBITDAX was $3,151 million, compared to $2,571 million for the first six months of 2025. ### Revenue Total revenues and other for the second quarter of 2026 were $2,960 million, down from $3,690 million in Q2 2025. For the six months ended June 30, 2026, total revenues and other increased to $7,357 million from $5,886 million in the prior year period. Natural gas, oil, and NGL revenue was $1,830 million in Q2 2026, down from $2,021 million in Q2 2025. Marketing revenue was $681 million in Q2 2026, compared to $788 million in Q2 2025. ### Operating Expenses and Income from Operations Total operating expenses for the second quarter of 2026 were $2,299 million, a decrease from $2,421 million in Q2 2025. Income from operations for Q2 2026 was $661 million, down from $1,269 million in Q2 2025. For the six months ended June 30, 2026, total operating expenses were $5,165 million, up from $4,885 million in the prior year. Income from operations was $2,192 million for the first half of 2026, significantly higher than $1,001 million in the first half of 2025. ### Cash Flow from Operating Activities Net cash provided by operating activities was $1,096 million in the second quarter of 2026, down from $1,322 million in Q2 2025. For the six months ended June 30, 2026, net cash provided by operating activities increased to $3,498 million from $2,418 million in the prior year period. ### Free Cash Flow Free cash flow was $343 million in Q2 2026, compared to $665 million in Q2 2025. Adjusted free cash flow for Q2 2026 was $343 million, down from $692 million in Q2 2025. For the six months ended June 30, 2026, free cash flow was $2,038 million, up from $1,198 million in the prior year. Adjusted free cash flow was $2,047 million for the first half of 2026, up from $1,269 million in the first half of 2025. ### Capital Expenditures Cash capital expenditures for the second quarter of 2026 were - $753 million, compared to - $657 million in Q2 2025. Accrued capital expenditures totaled $851 million in Q2 2026, up from $727 million in Q2 2025. For the six months ended June 30, 2026, cash capital expenditures were - $1,460 million, compared to - $1,220 million in the prior year. Accrued capital expenditures were $1,567 million for the first half of 2026, up from $1,389 million in the first half of 2025. ### Debt and Leverage Total debt as of quarter-end was $3.7 billion, a reduction of approximately $1.3 billion from year-end 2025. Net debt stood at $3.1 billion, resulting in a peer-leading leverage ratio of approximately 0.5x. ### Shareholder Returns Expand Energy Corporation repurchased approximately $530 million of common stock in the second quarter of 2026. Year-to-date repurchases totaled approximately $850 million, or 4% of shares outstanding. The company announced an additional $1 billion buyback authorization. ### Production Net production for the second quarter averaged approximately 7.48 Bcfe/d, with natural gas accounting for 92% of production. ### Operational Metrics by Segment (Q2 2026) - **Haynesville:** Natural Gas production was 3,187 MMcf per day at $2.62/Mcf. - **Northeast Appalachia:** Natural Gas production was 2,625 MMcf per day at $2.15/Mcf. - **Southwest Appalachia:** Natural Gas production was 1,084 MMcf per day at $2.47/Mcf. Oil production was 14 MBbl per day at $84.71/Bbl. NGL production was 83 MBbl per day at $26.26/Bbl. ### 2026 Capital and Operating Outlook Expand Energy Corporation reaffirmed its full-year 2026 net production guidance of 7.4 – 7.6 Bcfe/d. The company expects to operate 11 – 12 rigs and invest approximately $2.75 – $2.95 billion in 2026. Expand Energy plans to continue its returns-focused capital allocation, including share repurchases, and will pay a quarterly base dividend of $0.575 per share on September 3, 2026. ### Related Stocks - [EXE.US](https://longbridge.com/en/quote/EXE.US.md) ## Related News & Research - [Expand Energy Expects Capital Spending To Tail Off In 2H26](https://longbridge.com/en/news/294219899.md) - [Expand Energy 2Q26 net income rises to $522 million; adjusted EBITDAX falls to $1.18 billion](https://longbridge.com/en/news/294106311.md) - [Skye Bio amends 8-K to set Aug. 24 effective date for reverse stock split](https://longbridge.com/en/news/296471274.md) - [Northann amends 8-K to file former auditor LAO Professionals’ letter on resignation](https://longbridge.com/en/news/296825824.md) - [Webstar amends 8-K to clarify Pipara resignation timing and communication method](https://longbridge.com/en/news/296828037.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**