Diversified Energy Response to Media Speculation

(Neutral)

Rhea-AI Summary

Diversified Energy (NYSE: DEC, LSE: DEC) addressed media speculation by confirming it has held preliminary discussions about a possible acquisition of Birch Resources. The company emphasized that talks are at an early stage, no agreement has been reached, and there is no certainty any transaction will occur or on what terms. Diversified noted acquisitions are core to its strategy, having completed 35 deals totaling over $7 billion in value since its 2017 IPO. The company stated this announcement constitutes inside information under UK MAR.

Market Context

The prior 3.06% 24-hour reaction to earnings provides context for weighing this uncompleted transact...

Analysis

The prior 3.06% 24-hour reaction to earnings provides context for weighing this uncompleted transaction discussion. The active S-3ASR registers resale shares, not company fundraising; its status and the absence of an agreement remain key distinctions.

Key Figures

Acquisitions since IPO: 35 acquisitions Acquisition value: over $7 billion

2 metrics

Acquisitions since IPO 35 acquisitions since 2017 IPO

Acquisition value over $7 billion total value of acquisitions since IPO

Historical Context

5 past events · Latest: Aug 11 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 11	PDMR shareholding	Neutral	+2.2%	Restricted stock units vested for former chairman under equity incentive plan.
Aug 05	2Q26 earnings	Positive	+3.1%	Second-quarter results included production, cash flow, guidance, and acquisition updates.
Aug 05	Dividend declaration	Positive	+3.1%	Declared second-quarter dividend with December record date and payment date.
Aug 05	Board leadership change	Neutral	+3.1%	Chairman retired; CEO became chairman and board named lead independent director.
Jul 29	Results scheduling notice	Neutral	+0.1%	Scheduled second-quarter operational and financial results publication after market close.

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

Pattern Detected

Positive reactions followed earnings and dividend news, while several neutral disclosures also coincided with positive 24-hour moves.

Key Terms

inside information, uk mar

2 terms

inside information regulatory

"This announcement contains inside information for the purposes of Article 7"

Information not available to the public that, if known, would likely cause a company’s stock or bonds to rise or fall—for example, undisclosed earnings, deals, product results, or management plans. It matters because trading on that information gives an unfair advantage, can distort market prices, and is typically illegal or subject to strict rules, so investors watch for proper disclosure and compliance to protect fair, transparent markets.

uk mar regulatory

"Market Abuse (“UK MAR”), as it forms part of the UK domestic law"

UK MAR is the UK Market Abuse Regulation, a set of laws designed to prevent insider trading, market manipulation and other dishonest practices in financial markets while setting rules for how companies must disclose important information. It matters to investors because it helps ensure a fair playing field and timely, reliable disclosures so price changes reflect real news rather than secret deals—think of it as the rulebook that keeps the market honest and predictable.

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

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08/14/2026 - 02:00 AM

Diversified Energy Response to Media Speculation

Diversified Energy Company (NYSE: DEC, LSE: DEC) (the “Company” or “Diversified”) notes recent media speculation regarding a potential transaction involving the Company.

Diversified has an acquisition strategy driven by discipline, focus, skill, and precision. The Company has made 35 acquisitions totaling over $7 billion of value since its IPO in 2017. Acquisitions are a core aspect of the Company’s strategy, and the Company regularly engages in preliminary discussions with potential counterparties in this regard.

The Company confirms that it has had preliminary discussions concerning a possible acquisition of Birch Resources. Discussions are ongoing and remain at an early stage. No agreement has been reached, and there is no certainty that any transaction will occur, nor as to the terms on which any transaction might proceed.

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse (“UK MAR”), as it forms part of the UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

For further information, please contact:

Diversified Energy Company
Investor Relations	ir@dgoc.com

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

What did Diversified Energy (DEC) announce about a potential Birch Resources acquisition on August 14, 2026?

Diversified Energy confirmed it has held preliminary discussions regarding a possible acquisition of Birch Resources. According to Diversified Energy, these discussions are ongoing, remain at an early stage, and no agreement has been reached, so there is no certainty that any transaction will proceed or on what terms.

How advanced are Diversified Energy’s talks to acquire Birch Resources and what certainty is there for DEC investors?

Diversified Energy said discussions regarding Birch Resources are preliminary and at an early stage. According to Diversified Energy, no agreement has been reached, and there is no certainty that any transaction will occur, nor clarity on potential terms if a deal were to proceed.

How many acquisitions has Diversified Energy (DEC) completed since its IPO and what is their total value?

Diversified Energy reported completing 35 acquisitions with over $7 billion of total value since its 2017 IPO. According to Diversified Energy, acquisitions are a core aspect of its strategy, and it regularly engages in preliminary discussions with potential counterparties to pursue disciplined, focused growth.

What is Diversified Energy’s acquisition strategy as it considers a possible Birch Resources deal?

Diversified Energy describes its acquisition strategy as driven by discipline, focus, skill, and precision. According to Diversified Energy, acquisitions are central to its business model, and the company frequently holds preliminary discussions with potential counterparties, such as Birch Resources, without assurance that any specific transaction will close.

Does Diversified Energy’s confirmation of talks with Birch Resources guarantee a takeover of Birch by DEC?

No, the confirmation does not guarantee a takeover of Birch Resources by DEC. According to Diversified Energy, discussions are ongoing and early stage, no agreement has been reached, and there is no certainty that any transaction will occur or what its terms might be.

Why does Diversified Energy say this Birch Resources update contains inside information under UK MAR?

Diversified Energy states the update contains inside information under Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse. According to Diversified Energy, the information forms part of UK domestic law via the European Union (Withdrawal) Act 2018, requiring this disclosure.