Diversified Energy Announces Departure of Randall Wade from Board of Directors
Rhea-AI Summary
Diversified Energy (NYSE: DEC) announced that Randall Wade, co-founder of EIG, resigned from the board on January 23, 2026 after EIG’s ownership fell below 10% of outstanding shares under the Relationship Agreement tied to Diversified’s 2025 acquisition of Maverick Natural Resources.
The company said Wade contributed expertise to its acquisition strategy and the Maverick integration and that his resignation was not due to any disagreement with Diversified Energy. Management reiterated focus on acquiring, operating, and optimizing cash-generating energy assets to create shareholder value.
Positive
- Randall Wade credited with guiding the integration of the 2025 Maverick acquisition
- Board transition followed a clear ownership trigger: EIG ownership <10%
Negative
- None.
News Market Reaction – DEC
On the day this news was published, DEC gained 2.49%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Diversified Energy Company (“Diversified Energy” or the “Company”) (NYSE: DEC, LSE: DEC) today announced that pursuant to the terms of the Relationship Agreement executed with EIG Management Company, LLC (“EIG”) upon Diversified Energy’s acquisition of Maverick Natural Resources from investment funds managed by EIG and other owners in 2025, Randall Wade, Co-Founder of EIG, has today resigned from the Company’s Board of Directors following a reduction in EIG’s ownership of Diversified Energy below
“We are grateful for Randy’s leadership and guidance during a pivotal period for Diversified Energy,” said Rusty Hutson, Jr., Chief Executive Officer of Diversified Energy. “His insights have been instrumental in shaping our acquisition strategy, integrating our transformative Maverick acquisition, and strengthening our position as a leading U.S. energy provider.”
The Company remains focused on delivering sustainable returns and creating shareholder value through its platform by acquiring, operating, and optimizing cash-generating energy assets, operational excellence, disciplined acquisitions, and innovative technology deployment.
For further information, please contact
| Diversified Energy Company | +1 973 856 2757 |
| Doug Kris | dkris@dgoc.com |
| Senior Vice President, Investor Relations & Corporate Communications | |
| FTI Consulting | dec@fticonsulting.com |
| U.S. & UK Financial Public Relations |
About Diversified Energy Company
Diversified is a leading publicly traded energy company focused on acquiring, operating, and optimizing cash-generating energy assets. Through our unique differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.
FAQ
Why did Randall Wade resign from the Diversified Energy board (DEC) on January 23, 2026?
Did Diversified Energy (DEC) say Wade left due to a disagreement with the company?
What role did Randall Wade play in Diversified Energy’s Maverick acquisition (DEC)?
Will Randall Wade’s resignation change Diversified Energy’s strategic focus (DEC)?
When did Diversified Energy complete the Maverick Natural Resources acquisition referenced in the DEC announcement?
