What were Expand Energy's key financial and operational updates for 2026, and what factors drove these revisions?

Expand Energy raised its 2026 capital spending forecast to approximately $2.85 billion and expects daily production of 7.5 billion cubic feet equivalent per day, supported by running 11 to 12 rigs. These upward revisions were driven by stronger natural gas commodity prices — with first-quarter average realized price at $4.28 per thousand cubic feet (up from $3.51 a year earlier) — and higher output, citing elevated U.S. natural gas futures (up over 8% year-on-year in Jan–Mar 2026) due to Winter Storm Fern and sustained global demand for LNG and energy security.

What major long-term LNG agreement did Expand Energy announce, and what are its key terms?

Expand Energy announced a deal with Delfin FLNG 1 to purchase about 1.15 million tonnes per year of LNG starting in 2031, subject to Delfin’s final investment decision.

Expand Energy lifts annual production, capex forecasts on higher natural gas prices

Apr 28, 2026

Expand Energy raised its 2026 production and capital spending forecasts after beating Q1 profit estimates driven by higher natural gas prices. The company plans to invest $2.85 billion and secured an LNG supply deal starting in 2031.

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