Expand Energy : 2026 First Quarter Outlook
EXE
Published on 04/28/2026 at 04:23 pm EDT
Management's Guidance as of April 28, 2026
Production (MMcfe/d)
1Q2CA
2Q2CE
202CE
Total Production
7,436
7,400 - 7,500
7,400 - 7,600
Haynesville
3,148
~3,175
~3,200
Northeast Appalachia
2,785
~2,650
~2,675
Southwest Appalachia
1,503
~1,625
~1,625
Capital Expenditures ($mm)
1Q2CA
2Q2CE
202CE
Total DCC
$568
$600 - $650
$2,250 - $2,350
Haynesville
52%
~51%
~52%
Northeast Appalachia
20%
~18%
~23%
Southwest Appalachia
28%
~30%
~25%
Other Capex (Field)(1)
$106
$125 - $150
$350 - $450
Other Capex (Corporate)(2)
$42
$45
~$150
Total Capital Expenditures
$716
$770 - $845
$2,750 - $2,950
Operating Costs (per Mcfe of Projected Production)
1Q2CA
202CE
Production Expense
$0.28
$0.23 - $0.28
Gathering, Processing and Transportation (GPCT)
$1.07
$1.01 - $1.13
GPCT Expense
$1.03
$0.95 - $1.05
GPCT FMV Liability (3)
$0.04
$0.06 - $0.08
Severance and Ad Valorem Taxes
$0.09
$0.08 - $0.10
General and Administrative
$0.09
$0.07 - $0.10
Depreciation, Depletion and Amortization
$1.06
$1.10 - $1.15
Corporate Expenses ($mm)
1Q2CA
202CE
Interest Expense
$59
:180 - :200
Cash Income Tax Ranges at Flat Prices
$0
$3.50
$0
$4.00
$0 - $25
$4.50
$25 - $50
Basis Differentials (excluding hedges)
1Q2CA
202CE
Estimated (E) Basis Deduct to NYMEX Prices, based on 4/21/2026 Strip Prices:
Natural Gas ($/Mcf)
($0.12)
($0.30) - ($0.40)
Oil ($/Bbl)
($7.56)
($9.00) - ($11.00)
NGL (:/Bbl, realized price)
:25.49
:22 - :2c
Other Capex (Field) includes Leasehold and Workover expenses.
Other Capex (Corporate) includes PPCE, Capitalized GCA and Interest expenses.
GPCT fair market liability related to the amortization of the $150mm - $200mm net liability for out-of-market contracts assumed in the Southwestern Merger.
1Q 2026 Earnings
Disclaimer
Expand Energy Corporation published this content on April 28, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 28, 2026 at 20:21 UTC.