Commodities
Expand Energy Acquires Twin Eagle Holdings for $1.25 Billion
Expand Energy has announced its largest acquisition yet, spending $1.25 billion to buy Houston-based Twin Eagle Holdings. The deal positions Expand as a leading integrated natural gas company with direct access to customers and structural demand growth.
Twin Eagle's earnings are primarily supported by recurring physical supply and delivery relationships, asset-backed portfolio optimization, and experienced commercial, logistics, and operating capabilities.
Expand CEO Michael Wichterich said the acquisition accelerates the company's evolution into a leading integrated natural gas company with a commercial and marketing advantage over peers.