Expand Energy’s Q2 2026 filing does not report a separate construction-in-progress (CIP) balance, so the title’s €0.00 million figure is not verified as a company-reported amount. At June 30, 2026, the company reported $34.14 billion in property and equipment before accumulated depreciation, depletion, and amortization, and $24.45 billion net.
Does Expand Energy report construction in progress separately?
No separate CIP line appears in Expand Energy Corporation’s Form 10-Q for the quarter ended June 30, 2026, filed July 28, 2026. The balance sheet instead presents proved natural gas and oil properties, unproved properties, and other property and equipment. That filing does not substantiate a CIP balance of €0.00 million; the figure in the supplied title should not be read as a verified company disclosure.
The filing reports total property and equipment of $34,140 million before accumulated depreciation, depletion, and amortization, and $24,450 million net at June 30, 2026. Those are broader property-and-equipment balances, not CIP amounts. The absence of a separate CIP line also does not establish that the underlying amount is zero.
Which Expand Energy identifiers does the title refer to?
Cboe Europe’s April 2, 2026 notice identifies Expand Energy Corp under UMTF name CS1d and ISIN US1651677353, with EUR currency and XETR MIC; the listing became effective April 7, 2026. The company’s U.S. common-stock ticker is NASDAQ: EXE. These are different market identifiers, not interchangeable ticker symbols.
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How to read the company’s property and spending figures
Property carrying values at a point in time and capital spending over a period answer different questions. Expand Energy’s reported capital-expenditure figures also differ by accounting basis:
| Measure | Period | Reported amount | What it represents |
|---|---|---|---|
| Property and equipment, before accumulated depreciation, depletion, and amortization | As of June 30, 2026 | $34,140 million | Balance-sheet carrying amount across the stated property-and-equipment categories; not a separate CIP balance. |
| Property and equipment, net | As of June 30, 2026 | $24,450 million | Net balance-sheet amount after accumulated depreciation, depletion, and amortization; not a CIP balance. |
| Cash capital expenditures | Six months ended June 30, 2026 | $1,460 million | Cash-flow statement measure for the first half. |
| Accrued capital expenditures | Three months ended June 30, 2026 | $851 million | Accrued spending measure for Q2, as reported in the company’s Q2 results release. |
| Accrued capital expenditures | Six months ended June 30, 2026 | $1,567 million | Accrued spending measure for the first half, as reported in the company’s Q2 results release. |
Do not substitute accrued capital expenditures for cash capital expenditures: they are separately reported measures and are not equal for the periods shown. Nor can either spending figure be treated as the CIP balance at June 30.
What operating plans provide context for the filing?
In its July 28, 2026 Q2 release, Expand Energy reported second-quarter net production of approximately 7.48 Bcfe/d, 92% of it natural gas. The company reaffirmed full-year 2026 production guidance of 7.4–7.6 Bcfe/d and projected capital expenditures of approximately $2.75–$2.95 billion. Its Form 10-Q also projected 205–235 gross wells turned in line using approximately 11–12 rigs. These are company forecasts and can change with business, financial, industry, or market conditions; they are not evidence of a disclosed CIP balance.
The same Q2 release reported net cash from operating activities of $1,096 million for the quarter and $3,498 million for the first half of 2026. It reported cash capital expenditures of $753 million for Q2 and $1,460 million for the first half. Separately, its accrued-capital-expenditure table reported $851 million for Q2 and $1,567 million for the first half.
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The filing describes Expand Energy as “the largest natural gas producer in the U.S., based on net daily production.” That is the company’s own description. It lists operations in Louisiana, Texas, Pennsylvania, West Virginia, and Ohio, and says its strategy includes allocating capital to projects it believes offer the highest cash return on invested capital and applying drilling and completion technology across its portfolio.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What did Expand Energy disclose about Twin Eagle?
The Form 10-Q says that on July 24, 2026, the company agreed to acquire Twin Eagle Holdings for approximately $1.25 billion, subject to customary adjustments, closing conditions, and regulatory approvals. At the time of the filing, Expand Energy expected the transaction to close in Q3 2026. The reviewed filing does not establish whether it later closed.
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