Diversified Energy TR-1

Rhea-AI Summary

BlackRock, Inc. notified that it crossed a regulatory voting threshold in Diversified Energy (DEC) on 23-Jan-2026, with the issuer notified on 26-Jan-2026. The resulting position reports 4,619,877 total voting rights representing 5.74% of voting rights. Direct voting rights via shares are 4,190,400 (5.21%). Financial instruments total 429,477 voting rights (0.53%), comprised of securities lending 364,817 (0.45%) and CFDs 64,660 (0.08%). The notification lists BlackRock’s controlled-entity chain and gives completion details dated 26-Jan-2026 in London.

Positive

• Position exceeds regulatory threshold at 5.74% total voting rights
• Direct shareholding of 4,190,400 voting rights (5.21%)
• Financial instruments disclosed: 364,817 securities lending voting rights

Negative

• Total reported voting share slightly down from prior notification (5.75% to 5.74%)
• Reliance on securities lending and CFDs accounts for 0.53% of voting rights

News Market Reaction

+2.49%

1 alert

+2.49% News Effect

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.

Key Figures

Voting rights in shares: 5.210000% Voting rights via instruments: 0.530000% Total voting rights %: 5.740000% +5 more

8 metrics

Voting rights in shares 5.210000% BlackRock % of voting rights attached to shares (8.A)

Voting rights via instruments 0.530000% BlackRock % of voting rights through financial instruments (8.B)

Total voting rights % 5.740000% BlackRock total % of voting rights (8.A + 8.B)

Total voting rights held 4,619,877 Total number of voting rights held in issuer

Indirect voting rights 4,190,400 Number of indirect voting rights (DTR5.2.1)

Securities lending rights 364,817 Voting rights via securities lending (8.B1)

CFD voting rights 64,660 Voting rights via CFD instruments (8.B2)

Threshold cross date 23-Jan-2026 Date threshold was crossed or reached

Market Reality Check

Price: $12.99 Vol: Volume 497,147 is 9% belo...

normal vol

$12.99 Last Close

Volume Volume 497,147 is 9% below 20-day average 545,997. normal

Technical Trading 8.9% below 200-day MA at $14.11, with shares at $12.85.

Peers on Argus

DEC slipped 0.77% while key peers showed mixed moves, including SLNG up 24.21%. ...

1 Up

DEC slipped 0.77% while key peers showed mixed moves, including SLNG up 24.21%. With only one peer in momentum and no consistent direction across others, trading pointed to stock-specific factors rather than a broad Energy sector move.

Historical Context

5 past events · Latest: Jan 12 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 12	Share buyback update	Positive	-3.9%	Company repurchased 143,851 shares for cancellation under its buyback program.
Jan 09	Share buyback update	Positive	-6.0%	Repurchase of 144,395 shares at VWAP $14.0275, reducing shares outstanding.
Jan 08	Share buyback update	Positive	+5.0%	Company bought 162,102 shares at VWAP $13.5372 for cancellation.
Jan 07	Share buyback update	Positive	-2.5%	Repurchase of 162,102 shares at VWAP $13.9584 under existing buyback.
Jan 06	Share buyback update	Positive	-3.0%	Company bought 145,914 shares at VWAP $14.0956, to be cancelled.

Pattern Detected

Recent buyback announcements often saw negative next-day moves, suggesting frequent divergence between positive corporate actions and short-term price reaction.

Recent Company History

Over the last several weeks, news flow focused on Diversified Energy’s share buyback program, with multiple "Transaction in Own Shares" updates in January 2026. Each disclosed specific repurchase sizes, VWAPs near $14, and reduced outstanding share counts into the 78–79M range. Despite generally shareholder-friendly repurchases, four of five events were followed by negative 24-hour price reactions, indicating that short-term trading often diverged from the constructive tone of these announcements.

Market Pulse Summary

This announcement highlights a TR-1 disclosure of BlackRock’s holdings in Diversified Energy, report...

Analysis

This announcement highlights a TR-1 disclosure of BlackRock’s holdings in Diversified Energy, reporting total voting rights of 5.74%, with 5.21% via shares and 0.53% through financial instruments. Investors may view such filings alongside recent buyback activity and regulatory disclosures to track changes in key shareholder positions. Monitoring future changes in reported voting rights and additional regulatory filings can help contextualize shifts in the company’s ownership landscape.

Key Terms

voting rights, financial instruments, securities lending, cfd, +1 more

5 terms

voting rights regulatory

"An acquisition or disposal of voting rights 3. Details of person subject"

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

"% 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.

securities lending financial

"Type of financial instrument | Expiration date | Exercise/conversion period | ... Securities Lending"

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 | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights CFD"

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.

proxy voting regulatory

"10. In case of proxy voting Name of the proxy holder The number and %"

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.

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

23-Jan-2026 

6. Date on which Issuer notified 

26-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	5.210000	0.530000	5.740000	4619877
Position of previous notification (if applicable)	4.840000	0.910000	5.750000

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		4190400		5.210000
Sub Total 8.A	4190400		5.210000%

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			364817	0.450000
Sub Total 8.B1			364817	0.450000%

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	64660	0.080000
Sub Total 8.B2				64660	0.080000%

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)	BlackRock Holdco 2, Inc.
BlackRock, Inc. (Chain 1)	BlackRock Financial Management, Inc.
BlackRock, Inc. (Chain 1)	BlackRock International Holdings, Inc.
BlackRock, Inc. (Chain 1)	BR Jersey International Holdings L.P.
BlackRock, Inc. (Chain 1)	BlackRock (Singapore) Holdco Pte. Ltd.
BlackRock, Inc. (Chain 1)	BlackRock HK Holdco Limited
BlackRock, Inc. (Chain 1)	BlackRock Lux Finco S.a.r.l.
BlackRock, Inc. (Chain 1)	BlackRock Japan Holdings GK
BlackRock, Inc. (Chain 1)	BlackRock Japan Co., Ltd.
BlackRock, Inc. (Chain 2)	BlackRock Saturn Subco, LLC
BlackRock, Inc. (Chain 2)	BlackRock Finance, Inc.
BlackRock, Inc. (Chain 2)	Trident Merger, LLC
BlackRock, Inc. (Chain 2)	BlackRock Investment Management, LLC
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 Holdco 3, LLC
BlackRock, Inc. (Chain 3)	BlackRock Cayman 1 LP
BlackRock, Inc. (Chain 3)	BlackRock Cayman West Bay Finco Limited
BlackRock, Inc. (Chain 3)	BlackRock Cayman West Bay IV Limited
BlackRock, Inc. (Chain 3)	BlackRock Group Limited
BlackRock, Inc. (Chain 3)	BlackRock Investment Management (UK) 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 International Holdings, Inc.
BlackRock, Inc. (Chain 4)	BR Jersey International Holdings L.P.
BlackRock, Inc. (Chain 4)	BlackRock Australia Holdco Pty. Ltd.
BlackRock, Inc. (Chain 4)	BlackRock Investment Management (Australia) Limited
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 Institutional Trust Company, National Association
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 6)	BlackRock Holdco 4, LLC
BlackRock, Inc. (Chain 6)	BlackRock Holdco 6, LLC
BlackRock, Inc. (Chain 6)	BlackRock Delaware Holdings Inc.
BlackRock, Inc. (Chain 6)	BlackRock Fund Advisors
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 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 International Holdings, Inc.
BlackRock, Inc. (Chain 8)	BlackRock Canada Holdings ULC
BlackRock, Inc. (Chain 8)	BlackRock Asset Management Canada Limited
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 Capital Holdings, Inc.
BlackRock, Inc. (Chain 9)	BlackRock Advisors, LLC
BlackRock, Inc. (Chain 10)	BlackRock Saturn Subco, LLC
BlackRock, Inc. (Chain 10)	BlackRock Finance, Inc.
BlackRock, Inc. (Chain 10)	BlackRock Holdco 2, Inc.
BlackRock, Inc. (Chain 10)	BlackRock Financial Management, Inc.
BlackRock, Inc. (Chain 10)	BlackRock International Holdings, Inc.
BlackRock, Inc. (Chain 10)	BR Jersey International Holdings L.P.
BlackRock, Inc. (Chain 10)	BlackRock Holdco 3, LLC
BlackRock, Inc. (Chain 10)	BlackRock Cayman 1 LP
BlackRock, Inc. (Chain 10)	BlackRock Cayman West Bay Finco Limited
BlackRock, Inc. (Chain 10)	BlackRock Cayman West Bay IV Limited
BlackRock, Inc. (Chain 10)	BlackRock Group Limited
BlackRock, Inc. (Chain 10)	BlackRock Advisors (UK) Limited
BlackRock, Inc. (Chain 11)	BlackRock Saturn Subco, LLC
BlackRock, Inc. (Chain 11)	BlackRock Finance, Inc.
BlackRock, Inc. (Chain 11)	Trident Merger, LLC
BlackRock, Inc. (Chain 11)	BlackRock Investment Management, LLC
BlackRock, Inc. (Chain 11)	Amethyst Intermediate, LLC
BlackRock, Inc. (Chain 11)	Aperio Holdings, LLC
BlackRock, Inc. (Chain 11)	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 

26^th January 2026

13. Place Of Completion 

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

FAQ

When did BlackRock cross the 5% threshold in Diversified Energy (DEC)?

BlackRock crossed the threshold on 23-Jan-2026 and the issuer was notified on 26-Jan-2026.

What total voting rights and percentage did BlackRock report for DEC on 23-Jan-2026?

BlackRock reported 4,619,877 total voting rights, representing 5.74% of voting rights.

How many direct voting rights does BlackRock hold in DEC and what percent is that?

BlackRock holds 4,190,400 direct voting rights, equal to 5.21% of voting rights.

What financial instruments did BlackRock disclose in the DEC TR-1 and their totals?

Disclosed instruments total 429,477 voting rights (0.53%): securities lending 364,817 and CFDs 64,660.

Where and when was the TR-1 for BlackRock’s DEC holding completed?

The TR-1 was completed on 26-Jan-2026 at 12 Throgmorton Avenue, London, EC2N 2DL, U.K..