Expand Energy to buy Twin Eagle for $1.25 billion

Reuters2026/07/27 11:05

By:Reuters

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Expand Energy to buy Twin Eagle from Five Point Infrastructure for USD 1.25 billion, subject to customary purchase price adjustments.
Close targeted in Q3 2026; funding planned through cash on hand, borrowings under its revolving credit facility.
Twin Eagle expected to add more than USD 200 million of projected annual EBITDA; annual synergies projected at USD 150 million by end-2028.
Deal adds an asset-backed gas marketing platform; Twin Eagle markets more than 5 Bcf/d, manages about 44 Bcf storage, holds about 2 Bcf/d firm transport.
Pro forma marketed volume seen at about 14 Bcf/d, supported by about 9 Bcf/d firm transport and 49 Bcf storage.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Expand Energy Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607270700PRIMZONEFULLFEED9788345) on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Expand Energy to buy Twin Eagle for $1.25 billion

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