Commodities
Expand Energy Acquires Twin Eagle in $1.25 Billion Deal
Expand Energy Corporation has agreed to acquire Twin Eagle Holdings for $1.25 billion, creating North America's largest integrated natural gas company.
The deal combines Expand's industry-leading supply with Twin Eagle's sophisticated asset-backed marketing platform, allowing the combined business to capture additional margin across the value chain.
Expand expects the transaction to contribute more than $200 million of projected annual EBITDA and deliver $750 million per year of incremental free cash flow from its marketing and commercial strategy.