EXE — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-10-27

• On September 16, 2026, we completed the acquisition of Twin Eagle, a provider of natural gas marketing and logistics services, through a merger with one of our wholly owned subsidiaries. The aggregate purchase price was approximately $1.4 billion, including purchase price adjustments. See Note 2 of …

• On October 6, 2026, we obtained consent from the lenders to an amendment to extend the maturity date of the Credit Facility by one year to September 30, 2031. See Note 4 of the notes to our condensed consolidated financial statements included in Item 1 of Part I of this report for further discussion…

• In October 2024, our Board of Directors authorized the Company to repurchase up to $1.0 billion, in aggregate, of the Company’s common stock and/or warrants. On July 24, 2026, our Board of Directors authorized an expansion of the share repurchase program by $1.0 billion, bringing the total authorize…

• Domestically, mild weather and strong production weighed on natural gas prices during the first nine months of 2026. Over the longer term, we expect structural demand growth, led by new LNG export capacity, industrial demand, and power demand from data center expansion, to tighten the market and inc…

• Elevated geopolitical tensions and episodic supply disruptions have continued to contribute to price fluctuations across energy commodity markets, with attendant risks to the broader global economy. During 2026, for example, renewed military conflict and instability in the Middle East raised concern…

Text removed vs the prior filing · source: 10-Q · 2026-07-28

• On July 24, 2026, we entered into an agreement and plan of merger with Twin Eagle, a provider of natural gas marketing and logistics services, and one of our wholly owned subsidiaries whereby we will acquire Twin Eagle. The transaction is subject to customary closing conditions, including certain re…

• In October 2024, our Board of Directors authorized the Company to repurchase up to $1.0 billion, in aggregate, of the Company’s common stock and/or warrants. On July 24, 2026, our Board of Directors authorized an expansion of the share repurchase program by $1.0 billion, bringing the total authorize…

• Elevated geopolitical tensions and episodic supply disruptions have continued to amplify price volatility across energy commodity markets, with attendant risks to the broader global economic outlook. During the first half of 2026, for example, renewed military conflict and instability in the Middle …

• Domestically, a confluence of mild weather and robust production has negatively impacted natural gas prices during the first half of 2026. However, structural demand drivers, led by the commissioning of new LNG export capacity, accelerating industrial onshoring, and the rapid expansion of AI-powered…

• We continue to monitor factors impacting commodity supply and demand situations, including tariffs on steel and oil related cost inputs such as diesel fuel, to assess their impact on our business, business partners and customers. For additional discussion regarding risk associated with price volatil…

Text added vs the prior filing · source: 10-Q · 2026-10-27

• Additionally, we are exposed to interest rate risk associated with the valuation of certain commodity contracts. Although these contracts are not recorded at fair value under GAAP, we monitor their economic value for internal risk management purposes by discounting the expected future contractual ca…

• We have international operations that expose us to foreign currency exchange rate risk and portion of our revenues and operating expenses are denominated in the Canadian dollar; however, our exposure is not material to our condensed consolidated financial statements.

Text added vs the prior filing · source: 10-Q · 2026-10-27

• During the Current Quarter, we completed the Twin Eagle Acquisition and began integrating the acquired assets into our internal control over financial reporting. We will continue to evaluate and monitor our internal control over financial reporting and will continue to evaluate the operating effecti…

• Except as noted above, there were no changes in our internal control over financial reporting during the period covered by this quarterly report on Form 10-Q that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2026-07-28

• There were no changes in our internal control over financial reporting during the period covered by this quarterly report on Form 10-Q that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text added vs the prior filing · source: 10-Q · 2026-10-27

• The benefits attributable to the Twin Eagle Acquisition may vary from expectations.

• We may fail to realize the anticipated benefits expected from the Twin Eagle Acquisition. The success of the Twin Eagle Acquisition will depend, in significant part, on our ability to successfully integrate Twin Eagle, grow the Company’s revenue and realize the anticipated strategic benefits from th…

• we are not able to realize the anticipated benefits expected from the Twin Eagle Acquisition within the anticipated timing or at all, our business and operating results may be adversely affected.