Diversified Energy TR-1

Rhea-AI Summary

Diversified Energy (NYSE:DEC) received a TR-1 notification from BlackRock, Inc. showing a resulting stake of 5.69% of voting rights as of 28-Jan-2026 (total voting rights: 4,585,169).

The filing lists securities lending of 672,452 votes (0.83%) and CFD exposure of 55,236 votes (0.06%). The company was notified on 29-Jan-2026; the previous notified total was 5.74%.

Positive

• BlackRock holds a direct stake totaling 4,585,169 voting rights
• Resulting disclosed stake equals 5.69% of voting rights

Negative

• Total reported stake decreased from 5.74% to 5.69%
• Financial instruments account for 0.89% of voting rights

News Market Reaction

+1.90%

1 alert

+1.90% News Effect

On the day this news was published, DEC gained 1.90%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Direct voting rights %: 4.800000% Financial instruments %: 0.890000% Total voting rights %: 5.690000% +5 more

8 metrics

Direct voting rights % 4.800000% Voting rights attached to shares in latest TR-1

Financial instruments % 0.890000% Voting rights through financial instruments in latest TR-1

Total voting rights % 5.690000% Combined voting rights position in latest TR-1

Total voting rights 4,585,169 Total voting rights held in issuer in latest TR-1

Prior total voting rights % 5.740000% Total voting rights in previous notification

Securities lending votes 672,452 Voting rights via securities lending (0.830000%)

CFD votes 55,236 Voting rights via CFDs (0.060000%)

Completion date 29th January 2026 Date of completion of TR-1 notification

Market Reality Check

Price: $13.40 Vol: Volume 342,419 vs 20-day ...

low vol

$13.40 Last Close

Volume Volume 342,419 vs 20-day average 581,665 (relative volume 0.59x), showing lighter trading ahead of this filing. low

Technical Price $13.14 is trading below the 200-day MA at $14.15, and about 23.79% under the 52-week high $17.24.

Peers on Argus

DEC was up 1.15% while peers were mixed: NFG +2.82%, CVE +0.69%, but CRGY, TGS, ...

DEC was up 1.15% while peers were mixed: NFG +2.82%, CVE +0.69%, but CRGY, TGS, and SLNG declined. Moves do not point to a unified Energy sector trend.

Historical Context

5 past events · Latest: Jan 28 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 28	Bond tap issue	Neutral	-1.2%	Announced USD 200M tap, lifting 2029 secured bonds outstanding to USD 500M.
Jan 26	TR-1 holding notice	Neutral	+2.5%	BlackRock reported 5.74% total voting rights after crossing a regulatory threshold.
Jan 26	TR-1 holding notice	Neutral	+2.5%	BlackRock disclosed 5.75% total voting rights with detailed share and instrument split.
Jan 23	Board resignation	Neutral	+2.5%	Director Randall Wade resigned after EIG ownership dropped below 10% threshold.
Jan 23	Planned bond tap	Neutral	-0.8%	Company considered at least USD 100M tap of 2029 senior secured bonds.

Pattern Detected

Recent news includes bond tap financing, repeated TR-1 holding notices from BlackRock, and a board change linked to a large shareholder’s reduced stake, with modest single-day price moves.

Recent Company History

Over the past weeks, Diversified Energy has focused on balance-sheet and ownership developments. On Jan 23, it flagged a potential bond tap of at least $100 million, followed by confirmation on Jan 28 of a $200 million tap, lifting outstanding 2029 bonds to $500 million. Multiple TR-1 filings detailed BlackRock’s voting-rights position around 5.7%. Separately, EIG-linked director Randall Wade resigned after ownership fell below a 10% threshold. Today’s TR-1 continues this theme of shifting institutional ownership.

Market Pulse Summary

This announcement details BlackRock’s updated major-holdings position, with total voting rights now ...

Analysis

This announcement details BlackRock’s updated major-holdings position, with total voting rights now at 5.69%, split between 4.80% via shares and 0.89% via financial instruments. It follows several recent filings on bond financing and large shareholder ownership shifts. Investors monitoring DEC may focus on how concentrated institutional stakes evolve, the mix of direct versus derivative exposures, and any subsequent governance or capital-structure updates that accompany these changes in reported voting rights.

Key Terms

tr-1, isin, voting rights, securities lending, +2 more

6 terms

tr-1 regulatory

"TR-1: Standard form for notification of major holdings"

A TR-1 is a financial form used by investors to report significant ownership stakes in a company, typically when they acquire or dispose of a large number of shares. It helps keep the market informed about major shareholders and potential changes in control, allowing other investors to make better-informed decisions. This transparency encourages fair trading and reduces surprises related to ownership shifts.

isin technical

"1. Issuer Details ISIN US25520W1071 Issuer Name Diversified Energy Company"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

voting rights financial

"An acquisition or disposal of voting rights"

Voting rights are the ability of shareholders to have a say in important company decisions, like choosing leaders or approving big changes. They matter because they give owners a voice in how the company is run, similar to how voters influence elections, ensuring the company acts in shareholders’ interests.

securities lending financial

"Type of financial instrument | ... | Securities Lending | | 672452 | 0.830000"

Securities lending is when an owner of stocks or bonds temporarily loans them to another party, usually so the borrower can sell them short or meet settlement needs; the lender receives a fee and typically some form of security in return. Investors should care because lending can generate extra income on holdings and affects market liquidity and short-selling activity, much like renting out a spare room brings income while someone else uses the space.

cfd financial

"Type of financial instrument | ... | CFD | | Cash | 55236 | 0.060000"

A CFD (contract for difference) is a financial agreement that lets an investor profit from the change in an asset’s price without actually owning that asset — like betting on a car’s value rising or falling without buying the car. It matters because CFDs use leverage, which can amplify gains and losses and allow easy access to different markets, so they change an investor’s potential return and risk profile and can lead to rapid losses if prices move unfavorably.

financial instruments financial

"% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)"

Financial instruments are assets or contracts that hold monetary value and can be bought, sold, or traded. They serve as tools for investors to grow, protect, or transfer money, much like how a ticket or voucher can be used to access goods or services. These instruments help individuals and organizations manage financial goals and risks across different markets and economic conditions.

AI-generated analysis. Not financial advice.

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN 
US25520W1071

Issuer Name 
Diversified Energy Company

UK or Non-UK Issuer 
Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name 
BlackRock, Inc.

City of registered office (if applicable) 
Wilmington

Country of registered office (if applicable) 
USA

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above 

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

28-Jan-2026

6. Date on which Issuer notified

29-Jan-2026

7. Total positions of person(s) subject to the notification obligation

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	4.800000	0.890000	5.690000	4585169
Position of previous notification (if applicable)	5.210000	0.530000	5.740000

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares 

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
US25520W1071		3857481		4.800000
Sub Total 8.A	3857481		4.800000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Securities Lending			672452	0.830000
Sub Total 8.B1			672452	0.830000%

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
CFD			Cash	55236	0.060000
Sub Total 8.B2				55236	0.060000%

9. Information in relation to the person subject to the notification obligation  
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
BlackRock, Inc. (Chain 1)	BlackRock Saturn Subco, LLC
BlackRock, Inc. (Chain 1)	BlackRock Finance, Inc.
BlackRock, Inc. (Chain 1)	Trident Merger, LLC
BlackRock, Inc. (Chain 1)	BlackRock Investment Management, LLC
BlackRock, Inc. (Chain 2)	BlackRock Saturn Subco, LLC
BlackRock, Inc. (Chain 2)	BlackRock Finance, Inc.
BlackRock, Inc. (Chain 2)	BlackRock Holdco 2, Inc.
BlackRock, Inc. (Chain 2)	BlackRock Financial Management, Inc.
BlackRock, Inc. (Chain 2)	BlackRock International Holdings, Inc.
BlackRock, Inc. (Chain 2)	BR Jersey International Holdings L.P.
BlackRock, Inc. (Chain 2)	BlackRock Holdco 3, LLC
BlackRock, Inc. (Chain 2)	BlackRock Cayman 1 LP
BlackRock, Inc. (Chain 2)	BlackRock Cayman West Bay Finco Limited
BlackRock, Inc. (Chain 2)	BlackRock Cayman West Bay IV Limited
BlackRock, Inc. (Chain 2)	BlackRock Group Limited
BlackRock, Inc. (Chain 2)	BlackRock Investment Management (UK) Limited
BlackRock, Inc. (Chain 3)	BlackRock Saturn Subco, LLC
BlackRock, Inc. (Chain 3)	BlackRock Finance, Inc.
BlackRock, Inc. (Chain 3)	BlackRock Holdco 2, Inc.
BlackRock, Inc. (Chain 3)	BlackRock Financial Management, Inc.
BlackRock, Inc. (Chain 3)	BlackRock International Holdings, Inc.
BlackRock, Inc. (Chain 3)	BR Jersey International Holdings L.P.
BlackRock, Inc. (Chain 3)	BlackRock Australia Holdco Pty. Ltd.
BlackRock, Inc. (Chain 3)	BlackRock Investment Management (Australia) Limited
BlackRock, Inc. (Chain 4)	BlackRock Saturn Subco, LLC
BlackRock, Inc. (Chain 4)	BlackRock Finance, Inc.
BlackRock, Inc. (Chain 4)	BlackRock Holdco 2, Inc.
BlackRock, Inc. (Chain 4)	BlackRock Financial Management, Inc.
BlackRock, Inc. (Chain 4)	BlackRock Holdco 4, LLC
BlackRock, Inc. (Chain 4)	BlackRock Holdco 6, LLC
BlackRock, Inc. (Chain 4)	BlackRock Delaware Holdings Inc.
BlackRock, Inc. (Chain 4)	BlackRock Institutional Trust Company, National Association
BlackRock, Inc. (Chain 5)	BlackRock Saturn Subco, LLC
BlackRock, Inc. (Chain 5)	BlackRock Finance, Inc.
BlackRock, Inc. (Chain 5)	BlackRock Holdco 2, Inc.
BlackRock, Inc. (Chain 5)	BlackRock Financial Management, Inc.
BlackRock, Inc. (Chain 5)	BlackRock Holdco 4, LLC
BlackRock, Inc. (Chain 5)	BlackRock Holdco 6, LLC
BlackRock, Inc. (Chain 5)	BlackRock Delaware Holdings Inc.
BlackRock, Inc. (Chain 5)	BlackRock Fund Advisors
BlackRock, Inc. (Chain 6)	BlackRock Saturn Subco, LLC
BlackRock, Inc. (Chain 6)	BlackRock Finance, Inc.
BlackRock, Inc. (Chain 6)	BlackRock Holdco 2, Inc.
BlackRock, Inc. (Chain 6)	BlackRock Financial Management, Inc.
BlackRock, Inc. (Chain 7)	BlackRock Saturn Subco, LLC
BlackRock, Inc. (Chain 7)	BlackRock Finance, Inc.
BlackRock, Inc. (Chain 7)	BlackRock Holdco 2, Inc.
BlackRock, Inc. (Chain 7)	BlackRock Financial Management, Inc.
BlackRock, Inc. (Chain 7)	BlackRock International Holdings, Inc.
BlackRock, Inc. (Chain 7)	BlackRock Canada Holdings ULC
BlackRock, Inc. (Chain 7)	BlackRock Asset Management Canada Limited
BlackRock, Inc. (Chain 8)	BlackRock Saturn Subco, LLC
BlackRock, Inc. (Chain 8)	BlackRock Finance, Inc.
BlackRock, Inc. (Chain 8)	BlackRock Holdco 2, Inc.
BlackRock, Inc. (Chain 8)	BlackRock Financial Management, Inc.
BlackRock, Inc. (Chain 8)	BlackRock Capital Holdings, Inc.
BlackRock, Inc. (Chain 8)	BlackRock Advisors, LLC
BlackRock, Inc. (Chain 9)	BlackRock Saturn Subco, LLC
BlackRock, Inc. (Chain 9)	BlackRock Finance, Inc.
BlackRock, Inc. (Chain 9)	BlackRock Holdco 2, Inc.
BlackRock, Inc. (Chain 9)	BlackRock Financial Management, Inc.
BlackRock, Inc. (Chain 9)	BlackRock International Holdings, Inc.
BlackRock, Inc. (Chain 9)	BR Jersey International Holdings L.P.
BlackRock, Inc. (Chain 9)	BlackRock Holdco 3, LLC
BlackRock, Inc. (Chain 9)	BlackRock Cayman 1 LP
BlackRock, Inc. (Chain 9)	BlackRock Cayman West Bay Finco Limited
BlackRock, Inc. (Chain 9)	BlackRock Cayman West Bay IV Limited
BlackRock, Inc. (Chain 9)	BlackRock Group Limited
BlackRock, Inc. (Chain 9)	BlackRock Advisors (UK) Limited
BlackRock, Inc. (Chain 10)	BlackRock Saturn Subco, LLC
BlackRock, Inc. (Chain 10)	BlackRock Finance, Inc.
BlackRock, Inc. (Chain 10)	Trident Merger, LLC
BlackRock, Inc. (Chain 10)	BlackRock Investment Management, LLC
BlackRock, Inc. (Chain 10)	Amethyst Intermediate, LLC
BlackRock, Inc. (Chain 10)	Aperio Holdings, LLC
BlackRock, Inc. (Chain 10)	Aperio Group, LLC

10. In case of proxy voting

Name of the proxy holder 

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

BlackRock Regulatory Threshold Reporting Team 

Jana Blumenstein

020 7743 3650

12. Date of Completion

29^th January 2026

13. Place Of Completion

12 Throgmorton Avenue, London, EC2N 2DL, U.K.

FAQ

What stake did BlackRock report in Diversified Energy (DEC) on 28-Jan-2026?

BlackRock reported a 5.69% voting stake in Diversified Energy. According to Diversified Energy, the filing shows 4,585,169 total voting rights held by BlackRock as of 28-Jan-2026, with notification made on 29-Jan-2026.

How much of BlackRock's Diversified Energy (DEC) position is via securities lending?

Securities lending represents 672,452 votes (0.83%) of the position. According to Diversified Energy, that amount is reported under financial instruments and contributes to the file's 0.89% total financial-instrument exposure.

Did BlackRock increase or decrease its stake in Diversified Energy (DEC) compared to the prior notification?

BlackRock's disclosed total stake declined slightly to 5.69% from 5.74%. According to Diversified Energy, the previous notification recorded a 5.74% total, and the current TR-1 shows a small reduction.

What financial instruments did BlackRock report in the TR-1 for Diversified Energy (DEC)?

The TR-1 lists securities lending and a CFD, totaling 0.89% of voting rights. According to Diversified Energy, securities lending equals 672,452 votes and CFDs equal 55,236 votes in the disclosure.

When was Diversified Energy (DEC) notified about BlackRock's threshold crossing?

Diversified Energy was notified on 29-Jan-2026 about the threshold crossing. According to Diversified Energy, the date on which the threshold was crossed or reached is 28-Jan-2026, with completion of the form on 29-Jan-2026.