Expand Energy — Oct 28, 2025 release

Including the carry, total land spend to date in the Western Haynesville is approximately $178 million and has the potential to yield more than 200 locations. A detailed breakdown of 2025 annual synergy, capital, and operating outlook can be found in the supplemental slides. Shareholder Returns Update Expand Energy expects to allocate $500 million to net debt paydown during the second half of 2025 to further strengthen its balance sheet and to create more balance sheet capacity at cycle lows. The Company plans to pay its quarterly base dividend of $0.575 per share on December 4, 2025 to shareholders of record at the close of business on November 13, 2025. 2 Conference Call Information A conference call to discuss Expand Energy's third quarter 2025 financial and operating results and 2025 outlook has been scheduled for 9 a.m. EDT on October 29, 2025. Participants can access the live webcast at https://edge.media-server.com/mmc/p/zvf6gidw/. Participants who would like to ask a question, can register at https://register-conf.media-server.com/register/BI243c1d6afdcd4bf89aff1f85c2c3ed71, and will receive the dial-in info and a unique PIN to join the call. Links to the conference call will be provided at https://investors.expandenergy.com/. A replay will be available on the website following the call. Financial Statements, Non-GAAP Financial Measures and 2025 Guidance and Outlook Projections This news release contains the non-GAAP financial measures described below in the section titled "Non-GAAP Financial Measures." Reconciliati