Expand Energy

A detailed breakdown of third quarter production, capital expenditures and activity can be found in the supplemental slides which have been posted at https investors.

SEC original ↗Expand Energy — Earnings release (8-K exhibit)EX-99Oct 28, 2025

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.

SEC original ↗Expand Energy — Earnings release (8-K exhibit)EX-99Oct 28, 2025

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.

SEC original ↗Expand Energy — Earnings release (8-K exhibit)EX-99Oct 28, 2025

These non-GAAP financial measures include Adjusted Net Income, Adjusted Diluted Earnings Per Common Share, Adjusted EBITDAX, Free Cash Flow, Adjusted Free Cash Flow and Net Debt.

SEC original ↗Expand Energy — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Adjusted EBITDAX is presented as it provides investors an indication of the Company's ability to internally fund exploration and development activities and service or incur debt.

SEC original ↗Expand Energy — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Free Cash Flow Free Cash Flow is defined as net cash provided by operating activities less cash capital expenditures.

SEC original ↗Expand Energy — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Expand Energy Corporation (NASDAQ EXE) is North America s largest natural gas producer, powered by dedicated and innovative employees focused on expanding the value of natural gas by connecting global scale to growing markets.

SEC original ↗Expand Energy — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Expand Energy s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its advantaged portfolio, financial strength and operational excellence.

SEC original ↗Expand Energy — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Forward-looking statements often address our expected future business, financial performance and financial condition, and often contain words such as aim , predict , should , expect, could, may, anticipate, intend, plan, ability, believe, seek, see, will, would, estimate, forecast, target, guidance, outlook, opportunity or strategy.

SEC original ↗Expand Energy — Earnings release (8-K exhibit)EX-99Oct 28, 2025

General Unsecured Claim means any Claim against any Debtor that is not otherwise paid in full during the Chapter 11 Cases pursuant to an order of the Bankruptcy Court and is not an Administrative Claim, a Priority Tax Claim, an Other Priority Claim, an Other Secured Claim, a Revolving Credit Facility Claim, a FLLO Term Loan Facility Claim, a Second Lien Notes Claim, an Unsecured Notes Claim, an Intercompany Claim, or a Section 510(b) Claim.

SEC original ↗Expand Energy — 10-Q Quarterly report10-QOct 27, 2026

, based on net daily production, Expand Energy is focused on responsibly developing an abundant supply of natural gas, oil and NGL to expand energy access for all.

SEC original ↗Expand Energy — 10-Q Quarterly report10-QOct 27, 2026

Although we believe the expectations and forecasts reflected in our forward-looking statements are reasonable, they are inherently subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control.

SEC original ↗Expand Energy — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Legal Proceedings 52 Item 1A.

SEC original ↗Expand Energy — 10-Q Quarterly report10-QOct 27, 2026

Contingencies and Commitments Contingencies Business Operations and Litigation and Regulatory Proceedings We are involved in, and expect to continue to be involved in, various lawsuits and disputes incidental to our business operations, including commercial disputes, personal injury claims, royalty claims, property damage claims and contract actions.

SEC original ↗Expand Energy — 10-Q Quarterly report10-QOct 27, 2026

Our total accrued liability in respect of litigation and regulatory proceedings is determined on a case-by-case basis and represents an estimate of probable losses after considering, among other factors, the progress of each case or proceeding, our experience and the experience of others in similar cases or proceedings, and the opinions and views of legal counsel.

SEC original ↗Expand Energy — 10-Q Quarterly report10-QOct 27, 2026

While it is not possible at this time to estimate the amount of any additional loss, or range of loss that is reasonably possible, based on the nature of the claims, management believes that current litigation, claims and proceedings, individually or in aggregate and after taking into account insurance, are not likely to have a material adverse impact on our financial position, results of operations or cash flows.

SEC original ↗Expand Energy — 10-Q Quarterly report10-QOct 27, 2026

Many of these matters are in early stages and are all subject to inherent uncertainties.

SEC original ↗Expand Energy — 10-Q Quarterly report10-QOct 27, 2026