Diversified Energy Company Plc Stock Price, News & Analysis

Diversified Energy Company PLC (LSE: DEC) has executed a share buyback program, purchasing 37,142 Ordinary Shares at a volume weighted average price of 1,008.37 pence per Share through Peel Hunt LLP. The acquired shares will be cancelled.

Following the cancellation, Diversified will have 80,936,013 Ordinary Shares outstanding, with no shares held in treasury. This figure can be used by shareholders for calculating interest notifications under FCA's Disclosure Guidance and Transparency Rules.

Diversified Energy Company (LSE: DEC) (NYSE: DEC) has executed a share buyback program, purchasing 12,000 Ordinary Shares at a volume weighted average price of 1,043.48p per share through Peel Hunt LLP. The acquired shares will be cancelled.

Following the cancellation, Diversified will have 80,973,155 Ordinary Shares outstanding, with no shares held in treasury. This figure serves as the denominator for shareholders' interest calculations under FCA's Disclosure Guidance and Transparency Rules.

Diversified Energy operates as a publicly traded energy company specializing in natural gas and liquids production, transport, marketing, and well retirement, focusing on acquiring existing long-life assets and improving their environmental and operational performance.

Diversified Energy Company (LSE: DEC) (NYSE: DEC) reported that Board member Martin Thomas, Non-Executive Vice Chair of the Board, conducted transactions in ordinary shares on March 20, 2025. The transactions involved ordinary shares with a nominal value of 20p each. No specific details about the volume, price, or nature of the transactions were disclosed in the announcement.

Diversified Energy Company (LSE: DEC) (NYSE: DEC) has executed a share buyback program, purchasing 5,000 Ordinary Shares at a volume weighted average price of 1p per share through Peel Hunt LLP. The acquired shares will be cancelled, reducing the total number of outstanding Ordinary Shares to 80,985,155.

This updated share count will serve as the denominator for shareholders' calculations regarding interest notifications under the FCA's Disclosure Guidance and Transparency Rules. The transaction was conducted in compliance with Article 5(1)(b) of the Market Abuse Regulation.

Diversified Energy Company (LSE: DEC) (NYSE: DEC) has announced details of its Share Buyback Program following approval at the 2024 Annual General Meeting. The program allows for the repurchase of up to 4,756,842 shares with a total consideration not exceeding £52.3 million.

The buyback program will run until the earlier of June 30, 2026, or the Company's 2026 Annual General Meeting. The Board initiated this program believing the shares are trading at a substantial discount to net asset value, viewing it as an appropriate use of cash resources.

The company has engaged Peel Hunt LLP to execute the buyback on the London Stock Exchange, operating within regulatory parameters including Market Abuse Regulation and FCA Listing Rules. Repurchased shares will initially be held as treasury shares and subsequently cancelled in accordance with the Companies Act 2006.

Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) reported insider trading activity involving Board members' transactions in ordinary shares during March 18-19, 2025. The transactions involved David Johnson, Non-Executive Chair of the Board, and David J. Turner, Jr., Independent Non-Executive Director.

The company, which focuses on natural gas and liquids production, transport, marketing, and well retirement, implements a strategy of acquiring existing long-life assets and improving their environmental and operational performance before retiring them safely.

Diversified Energy Company (LSE: DEC) (NYSE: DEC) has announced changes in PDMR shareholdings following the vesting of Performance Stock Units (PSUs) and Restricted Stock Units (RSUs). Key executives receiving these awards include Co-Founder and CEO Rusty Hutson, Jr. (PSUs only), President and CFO Bradley Gray, and Senior EVP/Chief Legal & Risk Officer Benjamin Sullivan (both PSUs and RSUs).

The company will transfer Ordinary Shares from its Employee Benefit Trust (EBT) to settle these awards, net of customary withholdings including taxes. Further details about the 2022 long-term incentive plan can be found in the company's Annual Report for the year ended December 31, 2024.

Diversified Energy Company (LSE: DEC) (NYSE: DEC) has announced plans to conduct fixed income investor meetings starting March 24, 2025, with DNB Markets appointed as Sole Bookrunner. Following these meetings, the company intends to launch an offering of four-year US$ denominated senior secured notes.

The proceeds from this contemplated bond offering will be used to repay existing debt and for general corporate purposes. The offering will be exclusively available to qualified institutional buyers in the United States under Rule 144A of the Securities Act of 1933. The notes will not be registered under the Securities Act or state securities laws.

Diversified Energy Company (LSE: DEC) (NYSE: DEC) has confirmed the exchange rate for its Q3 2024 dividend payment. The company will distribute 29 cents per share to shareholders, with those opting for GBP payments receiving 22.241 pence per share based on the March 17, 2025 exchange rate of GBP 0.76693=US $1.00.

The Q3 2024 dividend payment is scheduled for March 31, 2025, with the record date set as February 28, 2025.