Overview
- Expand will relocate its executive headquarters from Oklahoma City to Houston in mid-2026 while keeping Oklahoma City as an operational center.
- Chairman Michael Wichterich was named interim CEO, Nick Dell’Osso stepped down and will advise during the transition, and the board began a search for a permanent chief.
- The company reaffirmed its fourth-quarter and full-year 2025 outlook and set Feb. 17 for results with a Feb. 18 investor call.
- Shares fell roughly 6% after the relocation and leadership changes were announced.
- Executives framed the move as a way to leverage Houston’s role in LNG and trading, reflecting a wider industry gravitation to the city that includes Devon Energy’s planned relocation.