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Expand Energy Increases Q2 Output, Keeps 2026 Production Guidance Unchanged

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Expand Energy (EXE) reported Tuesday Q2 earnings showing net production of 7.48 billion cubic feet equivalent per day, up from 7.20 Bcfe/d a year earlier.

Natural gas production increased to 6.90 Bcf/d for the quarter ended June 30, up from 6.60 Bcf/d a year earlier, accounting for 92% of total output.

Oil production declined to 14,000 barrels per day for the quarter, down from 18,000 b/d for the same quarter last year. Natural gas liquids production held steady at 83,000 b/d.

Total production in the Haynesville rose to 3.19 Bcf/d, up from 2.98 Bcf/d in the year-ago quarter, while Northeast Appalachia produced 2.63 Bcf/d, compared with 2.66 Bcf/d a year earlier.

Southwest Appalachia increased total production to 1.67 Bcfe/d from 1.56 Bcfe/d a year earlier.

Expand Energy operated an average of 12 rigs, drilled 55 wells and turned 48 wells in line during the quarter.

The company reaffirmed its 2026 production outlook of 7.4 Bcfe/d to 7.6 Bcfe/d.

The company also reaffirmed plans to operate 11-12 rigs in 2026 and invest approximately $2.75 billion to $2.95 billion in capital spending to support development across its portfolio.

Expand Energy announced the acquisition of Twin Eagle, which it said will create North America's largest integrated natural gas company and broaden access to demand markets across the continent.

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