Expand Energy to Acquire Twin Eagle for $1.25 Billion

Expand Energy Corporation is set to acquire Twin Eagle Holdings, N.A., LLC in a deal worth $1.25 billion. The acquisition will create North America's leading integrated natural gas company, combining Expand's industry-leading supply with Twin Eagle's sophisticated marketing and optimization platform.

The transaction is expected to close in the third quarter of 2026, pending customary closing conditions and required regulatory approvals. On a pro forma basis, the combined portfolio will have approximately 14 Bcf/d of marketed volume supported by roughly 9 Bcf/d of firm transportation and 49 Bcf of storage capacity.

Expand's Interim President and Chief Executive Officer, Michael Wichterich, said that this transaction accelerates Expand's evolution into a leading integrated natural gas company with a commercial and marketing advantage compared to peers.