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EXPAND ENERGY Corp

NYSE:EXE
US$88.12Close 7 Oct 2026 · delayed

Past year: ▼ 15%(84.09 – 121.93 USD)

Market cap
A$28.87bn
Shares on issue
232m
Story beats
63 since 2016
Last event
30 July 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

30 July 2026business combination▲ GoodMajor

Expand Energy agreed to acquire Twin Eagle, an independent natural gas marketing and trading business, for $1.25 billion - delivering on the global marketing-and-trading ambition the company laid out when the Southwestern Energy merger was first announced.

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18 Feb 2026listing compliance notice▼ BadMajor

EXPAND ENERGY Corp deregistered its securities, ending its obligation to file reports with the SEC.

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6 Feb 2026listing compliance notice● NeutralMajor

EXPAND ENERGY Corp's exchange filed to remove a class of its securities from listing.

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30 Sept 2025debt financing▲ GoodMajor

Expand Energy replaced its credit facility with a new $3.5 billion unsecured revolving facility (expandable to $4.5 billion) maturing in 2030 - a large, unsecured, investment-grade-style facility that stands in sharp contrast to the secured, covenant-heavy credit agreements Chesapeake relied on before its 2020 bankruptcy.

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2 Dec 2024debt financing▲ GoodMajor

The $750 million note offering closed, adding long-dated, investment-grade-priced debt to Expand Energy's balance sheet.

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22 Nov 2024material agreement▲ GoodMajor

Expand Energy raised $750 million in a public offering of 5.700% notes due 2035, issuing debt at markedly better terms than Chesapeake's pre-merger high-yield notes - a direct benefit of its new investment-grade profile.

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15 Nov 2024business combination▲ GoodMajor

A follow-up filing confirmed the Southwestern Energy merger had formally closed on October 1, 2024, with Southwestern now a wholly owned subsidiary of the renamed Expand Energy Corporation - now the largest natural gas producer in the US.

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1 Nov 2024material agreement▲ GoodMajor

Now renamed Expand Energy after closing the Southwestern Energy merger, the company amended its bond indentures and credit agreement to reflect newly achieved investment-grade credit ratings, a milestone that releases collateral and eases covenants versus its prior secured, high-yield debt structure.

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1 Oct 2024asset acquisition disposition▲ GoodMajor

Chesapeake completed its all-stock merger with Southwestern Energy, renamed itself Expand Energy, and began trading as EXE on Nasdaq -- forming the largest natural gas producer in the US and marking the company's full recovery from its 2020 bankruptcy.

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26 Sept 2024merger communication▲ GoodMajor

The FTC's antitrust waiting period on the Southwestern Energy merger expired, clearing the last major hurdle; the companies said the deal would close in the first week of October and the combined company would be renamed Expand Energy, trading on Nasdaq as "EXE."

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13 June 2024merger communication● Neutral

Chesapeake corrected a proxy-advisor (ISS) error about executive severance tied to the Southwestern Energy merger vote, clarifying that executives' equity only accelerates if they are terminated after closing, not automatically.

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10 June 2024business combination▲ Good

A formal 8-K confirmed the same milestone: the merger registration statement had gone effective and proxy materials were being mailed to shareholders ahead of the vote.

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10 June 2024merger communication▲ GoodMajor

The Southwestern Energy merger's registration statement was declared effective on May 17, 2024, and Chesapeake and Southwestern began mailing the joint proxy statement to shareholders for the merger vote.

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8 May 2024merger communication▲ GoodMajor

As the merger registration statement was formally filed, CEO Nick Dell'Osso announced the post-close executive team (himself as CEO, Chris Lacy as General Counsel, Mohit Singh as CFO, Josh Viets as COO) and an expanded board chaired by Mike Wichterich, drawing from both Chesapeake and Southwestern.

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7 May 2024merger communication● Neutral

Chesapeake published an internal FAQ for employees about the pending Southwestern Energy merger.

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7 May 2024business combination● Neutral

Amendment No. 2 filled in the dates the previous version had left blank: both special meetings on June 18, 2024, off April 22 record dates, with the implied value of the 0.0867 ratio marked to May 3 prices. That put the $7.4 billion Southwestern merger on a definite path to a vote.

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1 May 2024merger communication● Neutral

Chesapeake's first-quarter 2024 earnings call reaffirmed the pending Southwestern Energy merger amid broader macro and geopolitical risk discussion.

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11 Apr 2024business combination● Neutral

Amendment No. 1 to the Southwestern registration, still preliminary: it refreshed the implied value of the fixed 0.0867 ratio to April 10, 2024 prices and added the registration mechanics for the two virtual special meetings, whose dates and record dates were still left blank. The terms it registers read the same as in February.

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5 Apr 2024merger communication● Neutral

CEO Nick Dell'Osso told employees the FTC's second request was routine for a deal of this size and reaffirmed a second-half 2024 close for the Southwestern Energy merger.

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5 Apr 2024business combination▼ Bad

Chesapeake's formal 8-K disclosed the FTC's second request and the revised second-half 2024 closing timeline for the Southwestern Energy merger.

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5 Apr 2024merger communication▼ BadMajor

The FTC issued a "second request" for more information on the Southwestern Energy merger, extending the antitrust review and pushing the expected closing from mid-2024 into the second half of the year.

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29 Feb 2024business combination● NeutralMajor

Registration statement and joint proxy for Chesapeake's all-stock merger with Southwestern Energy, the deal that produced the largest US gas producer: 0.0867 Chesapeake shares per Southwestern share, about $6.69 a share and roughly $7.4 billion in total at the January 10, 2024 announcement. Neither side's holders get appraisal rights, and Chesapeake owes Southwestern a $389 million break fee in the circumstances the agreement specifies.

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22 Feb 2024merger communication▲ Good

Chesapeake's fourth-quarter 2023 earnings call reiterated progress on the pending Southwestern Energy merger alongside strong Marcellus well-cost improvements.

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11 Jan 2024merger communication● Neutral

A refiled version of the Southwestern Energy merger investor presentation, covering the same synergy and production highlights.

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11 Jan 2024merger communication▲ GoodMajor

Chesapeake and Southwestern's joint press release detailed the merger's $7.4 billion equity value, expected synergies, and plan to build an investment-grade balance sheet as a combined company.

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11 Jan 2024merger communication▲ Good

An internal message framed the Southwestern Energy deal as "transformational," emphasizing accretion to per-share metrics and progress toward an investment-grade credit rating.

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11 Jan 2024merger communication● Neutral

Chesapeake and Southwestern executives held a joint call with analysts to discuss the newly announced merger.

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11 Jan 2024business combination▲ Good

Chesapeake's Reg FD disclosure carried the same joint press release announcing the Southwestern Energy merger.

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11 Jan 2024merger communication▲ GoodMajor

Chesapeake agreed to merge with Southwestern Energy in an all-stock deal valued at about $24 billion in combined enterprise value (0.0867 Chesapeake shares per Southwestern share), creating the largest natural gas producer in the US by combining their Appalachia and Haynesville positions; Chesapeake shareholders will own about 60% of the combined company, which will take a new name with Nick Dell'Osso as CEO.

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11 Jan 2024merger communication▲ Good

A procedural filing pointed investors to the forthcoming SEC registration statement for the Southwestern Energy merger.

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