Diversified Energy Provides Board of Director Update

Diversified Energy (NYSE:LSE: DEC) appointed Kirk Oliver as an independent non-executive director, effective May 21, 2026.

Rhea-AI Summary

Diversified Energy (NYSE:LSE: DEC) appointed Kirk Oliver as an independent non-executive director, effective May 21, 2026. Oliver joins the Board’s Audit and Risk and Sustainability and Safety committees, bringing about 20 years of energy-sector and financial leadership experience.

Positive

• Appointment of experienced independent non-executive director effective May 21, 2026
• New director brings roughly 20 years of energy and financial expertise
• Background includes CFO roles at Equitrans Midstream and UGI
• Strengthens Audit and Risk as well as Sustainability and Safety committees

Negative

• None.

Argus May 21 session

-3.67% close to close Open Argus

Details

News Market Reaction – DEC

In the May 21 session, DEC declined 3.67%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement adds an independent non-executive director with roughly two decades of energy and ...

Analysis

This announcement adds an independent non-executive director with roughly two decades of energy and financial experience, reinforcing board oversight of audit, risk, sustainability and safety. It follows recent milestones including Q1 2026 results, a Camino acquisition agreement and ABS refinancing activity. Investors may monitor how enhanced board expertise influences capital allocation, integration of new assets and execution against guidance, alongside the impact of registered resales of 7,501,585 shares under the existing S-3ASR.

Key Figures

Industry experience: 20 years Appointment effective date: May 21, 2026

Industry experience

20 years

Kirk Oliver’s energy and financial expertise

Appointment effective date

May 21, 2026

Effective date of board appointment

Historical Context

5 past events · Latest: May 20

5 events

1. May 20

   ABS refinancing

   24h Move

   -1.4%

   Completed $850M ABS XII refinancing backed by ~14,000 Mid-Continent wellbores.

2. May 08

   AGM results

   24h Move

   +0.5%

   All AGM resolutions passed with strong support for directors, auditors and pay.

3. May 06

   Quarterly earnings

   24h Move

   +1.4%

   Reported Q1 2026 production growth, $556M revenue and 157% FCF increase.

4. May 06

   Dividend declaration

   24h Move

   +1.4%

   Declared $0.29 per share first-quarter dividend with set record and pay dates.

5. May 06

   Acquisition partnership

   24h Move

   +1.4%

   Partnered with Carlyle on $1.175B Camino asset acquisition with ABS funding.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Diversified Energy Provides Board of Director Update

BIRMINGHAM, Ala., May 21, 2026 (GLOBE NEWSWIRE) -- Diversified Energy Company (NYSE: DEC, LSE: DEC) is pleased to announce that its Board of Directors (the “Board”) has appointed Kirk Oliver as an independent non-executive director, effective May 21, 2026.

Mr. Oliver brings approximately 20 years of energy industry and financial expertise. He most recently served as Executive Vice President and Chief Financial Officer of Equitrans Midstream Corporation.

Prior to joining Equitrans, Mr. Oliver was the Chief Financial Officer of UGI. Mr. Oliver has also held senior executive and financial leadership positions at Allegheny Energy, TXU Corporation and Hunt Power. Earlier in his career, Mr. Oliver worked in investment banking at Lehman Brothers in the Global Power and Energy Group. Mr. Oliver received his Bachelor of Science degree in Electrical Engineering from Lawerence Technological University and holds a Masters in Business Administration from the University of Chicago Booth School of Business.

Upon his appointment, Mr. Oliver will become a member of the Board’s Audit and Risk and Sustainability and Safety Committee.

Commenting on the appointment, David Johnson, Chairman, said:

“It is my pleasure to welcome Kirk to Diversified’s Board of Directors. His breadth of experience, leadership, and reputation in the energy industry will provide valuable perspectives. We look forward to Kirk’s contributions as Diversified continues to progress its strategy of acquiring, operating, and optimizing cash generating energy assets that create value for shareholders.”

For further information, please contact:

Diversified Energy Company
Doug Kris				dkris@dgoc.com
Senior Vice President, Investor Relations & Corporate Communications				973 856 2757
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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board change did Diversified Energy (DEC) announce on May 21, 2026?

Diversified Energy announced the appointment of Kirk Oliver as an independent non-executive director, effective May 21, 2026. According to Diversified Energy, he joins the Board to add energy industry and financial expertise supporting its strategy of acquiring and optimizing cash-generating energy assets.

Who is Kirk Oliver, the new Diversified Energy (DEC) board member?

Kirk Oliver is an energy-sector executive with about 20 years of industry and financial experience. According to Diversified Energy, he previously served as Executive Vice President and Chief Financial Officer at Equitrans Midstream and earlier held CFO and senior roles at several energy companies.

Which Diversified Energy (DEC) board committees will Kirk Oliver join?

Kirk Oliver will serve on Diversified Energy’s Audit and Risk Committee and its Sustainability and Safety Committee. According to Diversified Energy, his financial background and leadership experience are expected to support oversight of financial reporting, risk management, and the company’s sustainability and safety priorities for shareholders.

When does Kirk Oliver’s role as independent non-executive director at Diversified Energy (DEC) begin?

Kirk Oliver’s appointment as an independent non-executive director is effective May 21, 2026. According to Diversified Energy, he joins the Board immediately on that date and begins participating in governance and committee responsibilities from the time of his appointment.

What experience does Kirk Oliver bring to the Diversified Energy (DEC) board?

Kirk Oliver brings approximately 20 years of energy industry and financial experience to Diversified Energy’s board. According to Diversified Energy, his background includes CFO roles at Equitrans Midstream and UGI, senior positions at multiple utilities, and earlier investment banking work in global power and energy.

How could Kirk Oliver’s appointment affect Diversified Energy (DEC) shareholders?

Kirk Oliver’s appointment may enhance board oversight in finance, risk, sustainability, and safety through his sector experience. According to Diversified Energy, his perspectives are expected to support the company’s strategy of acquiring, operating, and optimizing cash-generating energy assets aimed at creating value for shareholders.