Diversified Energy TR-1

Rhea-AI Summary

Diversified Energy (NYSE:DEC) TR-1 shows Barclays PLC crossed a reporting threshold on 02-Mar-2026, notifying on 04-Mar-2026. Total voting rights held equal 5.26% (4,036,749 votes). Breakdown: direct shares 2.46% (1,886,282); right to recall 1.82% (1,396,705); financial instruments 0.98% (753,762).

The notification lists CFDs, equity and portfolio swaps, expiry windows, and states the trading book exemption no longer applies. Completion and place: 04-Mar-2026, London.

Positive

• Total disclosed voting rights of 5.26% (4,036,749)
• Direct voting rights of 1,886,282 representing 2.46%
• Financial instruments account for 0.98% (753,762)
• Right to Recall exposure of 1.82% (1,396,705)

Negative

• Trading book exemption no longer applies
• Significant derivative exposure via portfolio swap 0.87%

News Market Reaction – DEC

+0.34%

1 alert

+0.34% News Effect

On the day this news was published, DEC gained 0.34%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Total voting rights %: 5.260000% Shares voting rights %: 2.460000% Instruments voting rights %: 2.800000% +5 more

8 metrics

Total voting rights % 5.260000% Resulting situation on threshold crossing date

Shares voting rights % 2.460000% Voting rights attached to shares (Section 8.A)

Instruments voting rights % 2.800000% Voting rights through financial instruments (8.B1 + 8.B2)

Total voting rights held 4,036,749 Total number of voting rights in issuer held by Barclays

Indirect voting rights 1,886,282 Indirect voting rights attached to shares (GB00BQHP5P93)

Right to Recall votes 1,396,705 Voting rights via Right to Recall instrument (8.B1)

CFD voting rights 52,508 Voting rights via CFD financial instrument (8.B2)

Threshold crossing date 02-Mar-2026 Date on which the threshold was crossed or reached

Market Reality Check

Price: $14.57 Vol: Volume 1,097,714 is 1.61x...

high vol

$14.57 Last Close

Volume Volume 1,097,714 is 1.61x the 20-day average of 680,149, indicating elevated activity ahead of this TR-1. high

Technical Shares at $14.46 are trading above the 200-day MA $14.24, near the upper half of the 52-week range.

Peers on Argus

DEC gained 4.39% while key peers like CVE (-2.51%), SLNG (-2.14%), and CRGY (-1....

DEC gained 4.39% while key peers like CVE (-2.51%), SLNG (-2.14%), and CRGY (-1.83%) declined, pointing to stock-specific interest around the Barclays TR-1 rather than a sector-wide move.

Historical Context

5 past events · Latest: Feb 27 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 27	Major holdings TR-1	Neutral	+4.1%	Barclays prior TR-1 showing stake moving below reportable thresholds.
Feb 26	Full-year earnings	Positive	+4.1%	Record 2025 revenue, net income and adjusted EBITDA with strong guidance.
Feb 26	Dividend declaration	Positive	+4.1%	Announcement of a $0.29 per share interim dividend for 4Q25.
Feb 26	Asset acquisition	Positive	+4.1%	Agreement to acquire complementary East Texas gas assets for $245 million.
Feb 12	Results timing	Neutral	-2.2%	Announcement of timing and call details for 2025 full-year results.

Pattern Detected

Recent fundamental and capital markets updates, including the prior Barclays TR-1 and strong 2025 results, have generally coincided with positive price reactions, suggesting the market has rewarded both operational delivery and major-holder disclosures.

Recent Company History

Over the past month, Diversified Energy has reported record 2025 results, announced a sizeable East Texas acquisition, and declared a $0.29 quarterly dividend, all on Feb 26, with shares reacting positively. A prior Barclays TR-1 filing on Feb 27 also aligned with a gain. Today’s TR-1 shows Barclays at 5.26% of voting rights, extending an active period of ownership changes, balance-sheet activity, and capital returns.

Market Pulse Summary

This announcement details a TR-1 major holdings notification showing Barclays at 5.260000% of voting...

Analysis

This announcement details a TR-1 major holdings notification showing Barclays at 5.260000% of voting rights, combining 2.460000% via shares and 2.800000% through financial instruments such as a Right to Recall and swaps. It adds to a series of recent ownership and financing disclosures. Investors may watch how Barclays’ stake evolves, how other large holders respond, and how this interacts with ongoing acquisition, dividend, and balance-sheet plans.

Key Terms

voting rights, financial instruments, cfd, equity swap, +2 more

6 terms

voting rights financial

"Total number of voting rights held in issuer"

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.

financial instruments financial

"An acquisition or disposal of financial instruments"

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.

cfd financial

"CFD | n/a | n/a | Cash | 52508 | 0.070000"

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.

equity swap financial

"Equity Swap | 16/08/2027 - 24/11/2027 | n/a | Cash | 31591"

An equity swap is a private financial contract where two parties agree to exchange the gains and losses from a stock or stock index for the cash returns from another investment (like a loan rate or different asset). It lets an investor get the economic benefits or risks of owning a stock without actually holding the shares, similar to trading the fruit harvest from one orchard for the profits of another. Investors use equity swaps to gain exposure, manage risk, take temporary positions, or achieve tax or regulatory goals without buying or selling the underlying stock.

proxy voting regulatory

"10. In case of proxy voting Name of the proxy holder"

Proxy voting is a process that allows investors to have their voting power on company decisions exercised by someone else if they cannot attend meetings in person. It ensures that their opinions are still represented, similar to authorizing someone else to vote on their behalf at an election. This helps investors influence company actions even when they cannot be physically present.

trading book exemption regulatory

"Trading book exemption no longer applies"

A trading book exemption is a regulatory allowance that lets a bank or investment firm treat certain assets as part of its short-term trading portfolio rather than its longer-term lending or investment book, so those assets follow different capital, reporting and risk rules. Investors care because where assets are placed changes how risky and liquid a firm looks, how much capital it must hold against losses, and how volatile reported profits can be—similar to keeping goods on a shop floor versus in long-term storage, which affects insurance, pricing and visibility.

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 financial instruments

3. Details of person subject to the notification obligation

Name

Barclays PLC

City of registered office (if applicable)

London 

Country of registered office (if applicable)

United Kingdom

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

02-Mar-2026

6. Date on which Issuer notified

04-Mar-2026

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

	% 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	2.460000	2.800000	5.260000	4036749
Position of previous notification (if applicable)	0.000000	0.000000	0.000000

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)
GB00BQHP5P93		1886282		2.460000
Sub Total 8.A	1886282		2.460000%

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
Right to Recall	n/a	n/a	1396705	1.820000
Sub Total 8.B1			1396705	1.820000%

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	n/a	n/a	Cash	52508	0.070000
Equity Swap	16/08/2027 - 24/11/2027	n/a	Cash	31591	0.040000
Portfolio Swap	24/03/2026 - 04/08/2031	n/a	Cash	669663	0.870000
Sub Total 8.B2				753762	0.980000%

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
Barclays PLC	Barclays Bank PLC
Barclays PLC	Barclays Capital Inc.
Barclays PLC	Barclays Capital Securities Limited

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

Full chain of controlled undertaking:
Barclays PLC
Barclays Bank PLC (100%)
Barclays Capital Securities Limited (100%)

Barclays PLC 
Barclays Bank PLC (100%)
Barclays US Holdings Limited (100%)
Barclays US LLC (100%)
Barclays Group US Inc. (100%)
Barclays Capital Inc. (100%)

Trading book exemption no longer applies

12. Date of Completion

04-Mar-2026

13. Place Of Completion

London

FAQ

What stake did Barclays report in Diversified Energy (DEC) on 02-Mar-2026?

Barclays reported a total holding of 5.26% of voting rights in DEC. According to Barclays, this equals 4,036,749 voting rights combining direct shares and financial instruments.

How are Barclays' voting rights in DEC split by instrument type?

Barclays holds 2.46% via direct shares, 1.82% via a right to recall, and 0.98% via derivatives. According to Barclays, the breakdown totals 5.26% of voting rights.

Which derivatives did Barclays disclose related to its DEC position and their sizes?

Disclosed derivatives include CFDs (0.07%), an equity swap (0.04%), and a portfolio swap (0.87%). According to Barclays, these instruments total 0.98% of voting rights exposure.

When was the DEC threshold crossing notified and where was it completed?

The threshold was crossed on 02-Mar-2026 and notified on 04-Mar-2026. According to Barclays, the TR-1 completion date is 04-Mar-2026 in London.

What does 'trading book exemption no longer applies' mean for Barclays' DEC report?

It means Barclays cannot exclude certain trading positions from disclosure for this holding. According to Barclays, the trading book exemption no longer applies, affecting reported instrument classification.