# EXPAND ENERGY Corp (EXE) — merger [completed]
Source: SEC API (secapi.ai) · situation sit_d1ebe62d0c4340a0cb65 · retrieved 2026-08-11T16:02:32.745Z

## Overview
Expand Energy Corporation is an oil and natural gas company that engages in crude petroleum and natural gas exploration and production.

On July 24, 2026, Expand Energy Corporation entered into an Agreement and Plan of Merger to acquire Twin Eagle N.A., LLC and its subsidiaries, which operate an independent asset-backed natural gas marketing and optimization business. Merger Sub (Eikon AW Holdings, LLC, a wholly owned subsidiary of Expand Energy) will merge with and into Twin Eagle, with Twin Eagle surviving as a wholly owned subsidiary of Expand Energy. The aggregate consideration consists of a base purchase price of $1.25 billion, subject to post-closing adjustment for working capital, cash, indebtedness, and unpaid transaction expenses. Expand Energy paid a cash deposit of $62.5 million upon execution of the Merger Agreement. The consummation is subject to customary closing conditions, including accuracy of representations and warranties, expiration or termination of Hart-Scott-Rodino Act waiting periods, receipt of required approvals under Canada's Competition Act, and Federal Energy Regulatory Commission approval under Section 203(a) of the Federal Power Act.

## Terms
- Counterparty: Twin Eagle N.A., LLC · Deal value: $1.25B · Consideration: cash

## Key dates
- Expiry 2027-01-24 · Expected close 2027-01-24 · Completed 2026-07-30

## Timeline
- 2026-07-30 · 8-K (0001104659-26-088451): 8-K - EXPAND ENERGY Corp — *Expand Energy Corporation is an oil and natural gas company that engages in crude petroleum and natural gas exploration and production.* On July 24, 2026, Expand Energy Corporation entered into an Agreement and Plan of Merger to acquire Twin Eagle N.A., LLC and its subsidiaries, which operate an independent asset-backed natural gas marketing and optimization business. Merger Sub (Eikon AW Holdings, LLC, a wholly owned subsidiary of Expand Energy) will merge with and into Twin Eagle, with Twin Eagle surviving as a wholly owned subsidiary of Expand Energy. The aggregate consideration consists of a base purchase price of $1.25 billion, subject to post-closing adjustment for working capital, cash, indebtedness, and unpaid transaction expenses. Expand Energy paid a cash deposit of $62.5 million upon execution of the Merger Agreement. The consummation is subject to customary closing conditions, including accuracy of representations and warranties, expiration or termination of Hart-Scott-Rodino Act waiting periods, receipt of required approvals under Canada's Competition Act, and Federal Energy Regulatory Commission approval under Section 203(a) of the Federal Power Act.
  https://www.sec.gov/Archives/edgar/data/895126/0001104659-26-088451.txt

## Citations
- 0001104659-26-088451 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926088451