Expand Energy Acquires Twin Eagle for $1.25 Billion
Expand Energy Corporation has entered into a definitive merger agreement to acquire Twin Eagle Holdings, N.A., LLC from Five Point Infrastructure for $1.25 billion.
The transaction combines Expand Energy's supply strength and financial solidity with Twin Eagle's physical marketing platform, which currently markets more than 5 billion cubic feet per day (Bcf/d) of natural gas and manages roughly 44 Bcf of storage capacity.
On a pro forma basis, the combined portfolio will represent approximately 14 Bcf/d of marketed volume, supported by roughly 9 Bcf/d of firm transportation and 49 Bcf of storage capacity.
Expand Energy plans to fund the deal through a combination of cash on hand and borrowings under its revolving credit facility, expecting the transaction to close in the third quarter of 2026.