Expand Energy — Apr 28, 2026 release

• Net cash provided by operating activities of $2,402 million, reflecting continued strong cash generation from operations • Net income of $1,159 million, or $4.81 per fully diluted share; adjusted net income (1) of $923 million, or $3.83 per diluted share • Adjusted EBITDAX (1) of $1,968 million • Net production of ~7.44 Bcfe/d (93% natural gas), reaffirming full-year 2026 guidance of ~7.5 Bcfe/d • Total debt of $5.0 billion as of quarter-end reduced by ~$1.3 billion from senior note redemption during April 2026 • Reported quarter-end net debt (1) of $2.8 billion, down $1.6 billion from year-end 2025 • Repurchased $150 million of common stock through April 24, 2026, complementing debt reduction with meaningful shareholder returns • Signed 20-year Sales and Purchase Agreement (SPA) with Delfin FLNG Vessel 1 for ~1.15 million tonnes of LNG offtake per year, further extending market reach to growing global demand centers (1) Definitions of non-GAAP financial measures and reconciliations of each non-GAAP financial measure to the most directly comparable GAAP financial measure are included at the end of this release. “The world critically needs natural gas supply to meet rapidly rising power demand, growing industrial activity, and global LNG expansion to address a global reset in energy security," said Mike Wichterich, Interim President and Chief Executive Officer of Expand Energy. “We’re built for this future as the largest, low-cost, market-connected natural gas producer in America, with differentiated opportunity to grow free cash flow and enhance returns for shareholders.