Latham & Watkins Advises Twin Eagle and Five Point Infrastructure in Acquisition by Expand Energy Corporation

Expand Energy Corporation (Nasdaq: EXE) (Expand or the Company), the largest natural gas producer in North America, has announced that it has entered into a definitive merger agreement to acquire Twin Eagle Holdings N.A., LLC (Twin Eagle), a leading private asset‑backed natural gas marketing and optimization business, for US$1.25 billion from Five Point Infrastructure. The transaction is subject to typical purchase price adjustments, including working capital, and is expected to close in the third quarter of 2026, pending customary closing conditions and required regulatory approvals. The Company expects to fund the transaction through a combination of cash on hand and borrowings under its revolving credit facility.

Latham & Watkins LLP represents Twin Eagle and Five Point Infrastructure in the transaction with a corporate deal team led by partners Thomas Brandt and David Kurzweil, with associates Ziyad Barghouthy, Kevin Donovan, Patrick Donlon, and E.B. Nasir. Advice was also provided on tax matters by partners Tim Fenn and Jared Grimley; on environmental matters by partner Josh Marnitz; on employee benefits and executive compensation matters by partner Adam Kestenbaum, with associates Gaby Alvarez and Julia Harriman; on IP matters by associate Andrew Abokhair; on data privacy matters by partner Robert Brown, with associates Diya Jajal and Ryleigh Chen; on antitrust matters by partner Jason Cruise, with associate Brian Goodell; on sanctions matters by partner Les Carnegie, with associate Amulya Vadapalli; and on FCPA matters by Erin Brown Jones.