Expand Energy Using M-U as “Cash Flow Machine” in 2026

Expand Energy turned in its fourth quarter and full-year 2025 update earlier this week. The company reported a year of "phenomenal execution," marked by a 15% reduction in Haynesville breakevens and significant debt reduction post-Southwestern merger. The company, the largest natural gas producer in the U.S., had combined (Marcellus/Utica and Haynesville) production of 7.4 Bcfe/d, up 16% from 6.4 Bcfe/d for the same period in 2024. Interim CEO Michael Wichterich said the company is making a "strategic move" to Houston (from Oklahoma City) to align with a projected 40% rise in natural gas demand over five years.

---

To view this content, log into your member account. (Not a member? Join Today!)