Expand Energy Corporation

“Expand Energy is the largest independent natural gas producer in the U.S., based on net daily production”

“All monetary values, other than per unit and per share amounts, are stated in millions of U.S. dollars unless otherwise specified.”

“Our share-based compensation program consists of restricted stock units and performance share units granted to employees and restricted stock units granted to non-employee directors under our Long Term Incentive Plan.”

“Haynesville - Haynesville and Bossier Shales in Louisiana and Texas. Northeast Appalachia - Marcellus Shale in Pennsylvania. Southwest Appalachia - Marcellus and Utica Shales in Ohio and West Virginia.”

“Total Production2,4095.929.62,622”

“the total value of such shares of our common stock issued to Southwestern’s shareholders was approximately $7.9 billion”

“We intend to fund our capital expenditures through cash flows from operations, and to the extent that is not sufficient, borrowings under our revolving credit facility.”

“Competitors include multinational oil companies, independent production companies and individual producers and operators.”

“we assumed Southwestern’s oilfield service business that will allow for some vertical integration of our exploration and production operations”

“Moody’s upgraded the rating on our senior unsecured notes from Ba1 to Baa3, with a stable outlook.”

“extended the 2025 Credit Facility’s maturity date from December 2027 to September 2030”

“"Credit Agreement" means the Amended and Restated Credit Agreement, dated as of September 30, 2025, which provides for the 2025 Credit Facility with the lenders and issuing banks party thereto from time to time, and JPMorgan Chase Bank, N.A., as administrative agent.”

“political instability or armed conflict in natural gas and oil producing regions, including in connection with the continued armed conflict between Russia and Ukraine, instability in the Middle East and Venezuela, and changes in China-Taiwan relations”

“Our forecasted 2026 capital expenditures, inclusive of capitalized interest, are $2.75 - $2.95 billion compared to our 2025 capital spending level of $2.85 billion.”

“our current hedge positions that provide a floor price on over 60% of our projected gas volumes through the end of 2026”

“As of December 31, 2025, we had $4.1 billion of liquidity available, including $616 million of cash on hand”

“matters relating to armed conflict between Russia and Ukraine, instability in the Middle East and Venezuela and changes in China-Taiwan relations, along with the effects of the current global economic environment”

“On October 1, 2024, Chesapeake Energy Corporation completed its previously announced merger with Southwestern Energy Company. In connection with the Southwestern Merger, Chesapeake Energy Corporation changed its name to Expand Energy Corporation.”

“"Class A Warrants" means warrants to purchase 10 percent of the common stock ... at an initial exercise price per share of $27.63. The Class A Warrants were exercisable from the Effective Date until February 9, 2026.”

“Cash settlements of our derivative instruments are generally classified as operating cash flows unless the derivatives are deemed to contain, for accounting purposes, a significant financing element at contract inception”

“we are subject to various state privacy laws, such as the California Consumer Privacy Act (“CCPA”), which came into effect in January 2020, and the California Privacy Rights Act (“CPRA”)”

“Natural gas, oil and NGL prices fluctuate widely, and lower prices for an extended period of time are likely to have a material adverse effect on our business.”

“If commodity prices fall or drilling efforts are unsuccessful, we may be required to record write-downs of the carrying value of our natural gas and oil properties.”

“CIRCIA mandates that all owners and operators of critical infrastructure report cyber incidents to the U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) within 72 hours and ransomware payments within 24 hours.”

“our headquarters is currently located in Oklahoma City, Oklahoma, an area that experiences earthquakes and severe weather events, including tornadoes.”

“Certain financial institutions, funds and other sources of capital have also elected to restrict or eliminate their investment in certain fossil fuel-related activities, which may restrict our access to capital.”

“In addition, acquisitions may be financed by borrowings, requiring us to incur more debt, or by the issuance of our common stock.”

“Fuel conservation measures, alternative fuel requirements, increasing consumer demand for alternatives to natural gas and oil, technological advances in fuel economy and energy generation devices could reduce demand for natural gas and oil.”

“During these periods, there is often a shortage of drilling rigs and other oilfield equipment and services, which could adversely affect our ability to execute our development plans on a timely basis and within budget.”

“the availability, proximity and capacity of pipelines, other transportation facilities and processing facilities”