Expand Energy Buys Twin Eagle for $1.25B, Creates North America Leader

Expand Energy Corporation has agreed to acquire Twin Eagle Holdings for $1.25 billion in cash, expanding its position as North America's largest natural gas producer and leading gas marketer.

The transaction combines Expand's industry-leading supply with Twin Eagle's sophisticated marketing platform, creating a fully integrated natural gas company that can capture value across the entire chain in key US and Canadian markets.

With over 5 billion cubic feet of natural gas marketed daily, Twin Eagle's business spans wholesale marketing, asset management, structuring, and analytics, logistics, and market intelligence.

The acquisition is expected to deliver $750 million per year of incremental free cash flow from Expand's marketing and commercial strategy, an increase of 50% from its previous target.