Past year: ▼ 15%(84.09 – 121.93 USD)
Each one in plain English, with the numbers worked through for a shareholder.
30 July 2026business combination▲ GoodMajor
Expand Energy agreed to acquire Twin Eagle, an independent natural gas marketing and trading business, for $1.25 billion - delivering on the global marketing-and-trading ambition the company laid out when the Southwestern Energy merger was first announced.
18 Feb 2026listing compliance notice▼ BadMajor
EXPAND ENERGY Corp deregistered its securities, ending its obligation to file reports with the SEC.
6 Feb 2026listing compliance notice● NeutralMajor
EXPAND ENERGY Corp's exchange filed to remove a class of its securities from listing.
30 Sept 2025debt financing▲ GoodMajor
Expand Energy replaced its credit facility with a new $3.5 billion unsecured revolving facility (expandable to $4.5 billion) maturing in 2030 - a large, unsecured, investment-grade-style facility that stands in sharp contrast to the secured, covenant-heavy credit agreements Chesapeake relied on before its 2020 bankruptcy.
2 Dec 2024debt financing▲ GoodMajor
The $750 million note offering closed, adding long-dated, investment-grade-priced debt to Expand Energy's balance sheet.
22 Nov 2024material agreement▲ GoodMajor
Expand Energy priced a $750 million offering of 5.700% senior notes due 2035 at 99.609% of face value, expected to close December 2, 2024. Proceeds, with cash, were to fund a tender for its 5.500% notes due 2026 and redemption of its 8.375% notes due 2028.
15 Nov 2024business combination▲ GoodMajor
Expand Energy filed Southwestern's audited 2023 and unaudited September 2024 financial statements, plus unaudited pro forma combined financials, for the merger that closed October 1, 2024. Southwestern's nine-month 2024 results showed a $2.4 billion net loss, including $3.2 billion of impairments.
1 Nov 2024material agreement▲ GoodMajor
Now renamed Expand Energy after closing the Southwestern Energy merger, the company amended its bond indentures and credit agreement to reflect newly achieved investment-grade credit ratings, a milestone that releases collateral and eases covenants versus its prior secured, high-yield debt structure.
1 Oct 2024asset acquisition disposition▲ GoodMajor
Chesapeake completed its all-stock merger with Southwestern Energy on October 1, 2024, with each Southwestern share converted into 0.0867 of a Chesapeake share. The company renamed itself Expand Energy and changed its Nasdaq ticker from CHK to EXE, with trading under the new symbol expected from October 2.
26 Sept 2024merger communication▲ GoodMajor
The FTC's antitrust waiting period on the Southwestern Energy merger expired, clearing the last major hurdle; the companies said the deal would close in the first week of October and the combined company would be renamed Expand Energy, trading on Nasdaq as "EXE."
13 June 2024merger communication● Neutral
Chesapeake corrected a proxy-advisor (ISS) error about executive severance tied to the Southwestern Energy merger vote, clarifying that executives' equity only accelerates if they are terminated after closing, not automatically.
10 June 2024business combination▲ Good
Chesapeake disclosed four shareholder lawsuits and several demand letters alleging the merger proxy was misleading. It denied the claims but voluntarily added supplemental disclosures, such as updated share counts and forecast details, to the proxy.
10 June 2024merger communication▲ GoodMajor
Chesapeake disclosed that four stockholder lawsuits and several demand letters challenged the Southwestern merger proxy statement as incomplete. It called the claims meritless but voluntarily added supplemental disclosures, including updated share counts and forecast details, to moot them.
8 May 2024merger communication▲ GoodMajor
As the merger registration statement was formally filed, CEO Nick Dell'Osso announced the post-close executive team (himself as CEO, Chris Lacy as General Counsel, Mohit Singh as CFO, Josh Viets as COO) and an expanded board chaired by Mike Wichterich, drawing from both Chesapeake and Southwestern.
7 May 2024merger communication● Neutral
Chesapeake published an internal FAQ for employees about the pending Southwestern Energy merger.
7 May 2024business combination● Neutral
Amendment No. 2 filled in the dates the previous version had left blank: both special meetings on June 18, 2024, off April 22 record dates, with the implied value of the 0.0867 ratio marked to May 3 prices. That put the $7.4 billion Southwestern merger on a definite path to a vote.
1 May 2024merger communication● Neutral
Chesapeake's first-quarter 2024 earnings call reaffirmed the pending Southwestern Energy merger amid broader macro and geopolitical risk discussion.
11 Apr 2024business combination● Neutral
Amendment No. 1 to the Southwestern registration, still preliminary: it refreshed the implied value of the fixed 0.0867 ratio to April 10, 2024 prices and added the registration mechanics for the two virtual special meetings, whose dates and record dates were still left blank. The terms it registers read the same as in February.
5 Apr 2024merger communication● Neutral
CEO Nick Dell'Osso emailed employees that the FTC's second request for more information was common for deals of this size and profile. He said Chesapeake now expected the Southwestern merger to close in the second half of 2024.
5 Apr 2024business combination▼ Bad
Chesapeake's formal 8-K disclosed the FTC's second request and the revised second-half 2024 closing timeline for the Southwestern Energy merger.
5 Apr 2024merger communication▼ BadMajor
The FTC issued a "second request" for more information on the Southwestern Energy merger, extending the antitrust review and pushing the expected closing from mid-2024 into the second half of the year.
29 Feb 2024business combination● NeutralMajor
Registration statement and joint proxy for Chesapeake's all-stock merger with Southwestern Energy, the deal that produced the largest US gas producer: 0.0867 Chesapeake shares per Southwestern share, about $6.69 a share and roughly $7.4 billion in total at the January 10, 2024 announcement. Neither side's holders get appraisal rights, and Chesapeake owes Southwestern a $389 million break fee in the circumstances the agreement specifies.
22 Feb 2024merger communication▲ Good
On its Q4 2023 call Chesapeake said it was cutting 2024 capital by nearly 20% and production by about 15%, dropping two rigs and two frac crews and limiting turn-in-lines because gas was oversupplied. It also cited a 17% Marcellus well-cost improvement and noted the Southwestern merger announcement.
11 Jan 2024merger communication● Neutral
A refiled version of the Southwestern Energy merger investor presentation, covering the same synergy and production highlights.
11 Jan 2024merger communication▲ GoodMajor
Chesapeake and Southwestern's joint press release detailed the merger's $7.4 billion equity value, expected synergies, and plan to build an investment-grade balance sheet as a combined company.
11 Jan 2024merger communication▲ Good
An internal message framed the Southwestern Energy deal as "transformational," emphasizing accretion to per-share metrics and progress toward an investment-grade credit rating.
11 Jan 2024merger communication● Neutral
Chesapeake and Southwestern executives held a joint call with analysts to discuss the newly announced merger.
11 Jan 2024business combination▲ Good
Chesapeake's Reg FD disclosure carried the same joint press release announcing the Southwestern Energy merger.
11 Jan 2024merger communication▲ GoodMajor
Chesapeake agreed to merge with Southwestern Energy in an all-stock deal valued at about $24 billion in combined enterprise value (0.0867 Chesapeake shares per Southwestern share), creating the largest natural gas producer in the US by combining their Appalachia and Haynesville positions; Chesapeake shareholders will own about 60% of the combined company, which will take a new name with Nick Dell'Osso as CEO.
11 Jan 2024merger communication▲ Good
Chesapeake published an investor presentation on January 11, 2024 about its proposed merger with Southwestern Energy. It set out terms including a stock-for-stock exchange of 0.0867 CHK shares per Southwestern share and roughly 60%/40% pro forma ownership.
