Transaction in Own Shares
- Share buyback demonstrates company's confidence in its financial position and commitment to returning value to shareholders
- Average purchase price of $13.9435 shows disciplined capital allocation
- Reduction in share count will increase earnings per share for remaining shareholders
- Buyback reduces company's cash reserves that could be used for operational growth or debt reduction
- Small buyback size of 52,701 shares represents minimal impact on total share count
Insights
DEC's ongoing share buyback reduced outstanding shares by 0.07%, a modest capital return signal amid stable execution of previously announced program.
Diversified Energy Company (DEC) has repurchased
The financial impact of this repurchase is relatively minor in scale. The total value of shares repurchased amounts to approximately
This buyback follows the typical pattern of energy companies using excess cash flow to return capital to shareholders. For DEC specifically, which focuses on acquiring long-life natural gas and liquids assets and improving their performance, maintaining a balanced capital allocation strategy is crucial to their business model.
While this specific transaction is modest in size, it represents continued execution of their announced strategy. The detailed disclosure of individual trades across multiple venues demonstrates regulatory compliance with Market Abuse Regulations, particularly important for a dual-listed company (LSE and NYSE).
The repurchase activity could indicate management's view that the shares represent good value at current price levels, though the limited size suggests this is part of a programmatic approach rather than an aggressive move to significantly alter the capital structure or signal substantial undervaluation.
DIVERSIFIED ENERGY COMPANY PLC
("Diversified", or the "Company")
DIVERSIFIED ENERGY COMPANY PLC (LSE:DEC, NYSE:DEC) announces that, in accordance with the terms of its share buyback programme announced on 20 March 2025, the Company has purchased 52,701 Ordinary Shares of 20 Pence each in the capital of the Company (the "Shares") in the market at a volume-weighted average price of
Aggregated Information
| Date of Purchase: | 4 June 2025 |
| Aggregate Number of Ordinary Shares Purchased: | 52,701 |
| Lowest Price Paid per Share (USD): | 13.80 |
| Highest Price Paid per Share (USD): | 14.00 |
| Volume-Weighted Average Price Paid per Share (USD): | 13.9435 |
Following the cancellation of Shares, Diversified will have 78,704,313 Ordinary Shares of 20 Pence each in issue and no Ordinary Shares are held in treasury. This figure of 78,704,313 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), (as in force in the UK and as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019), the table below contains detailed information of the individual trades made by Mizuho Securities USA LLC as part of the buyback programme.
Schedule of Purchases
| Shares purchased: | DIVERSIFIED ENERGY COMPANY PLC (ISIN: GB00BQHP5P93) |
| Dates of purchases: | 4 June 2025 |
| Investment firm: | Mizuho Securities USA LLC |
| Aggregate number of ordinary shares acquired | Daily volume weighted average price paid | Daily highest price paid per share | Daily lowest price per share | Trading Venue | |||
| 2,970 | $13.9111 | $14.00 | $13.86 | ARCX | |||
| 111 | $14.0000 | $14.00 | $14.00 | ASPN | |||
| 675 | $13.9825 | $14.00 | $13.95 | BAML | |||
| 2,460 | $13.9471 | $14.00 | $13.87 | BATS | |||
| 963 | $13.9867 | $14.00 | $13.88 | BATY | |||
| 300 | $14.0000 | $14.00 | $14.00 | CDED | |||
| 100 | $13.9400 | $13.94 | $13.94 | EDGA | |||
| 1,500 | $13.8990 | $14.00 | $13.80 | EDGX | |||
| 27,599 | $13.9522 | $14.00 | $13.88 | IEXG | |||
| 709 | $14.0000 | $14.00 | $14.00 | ITGI | |||
| 89 | $14.0000 | $14.00 | $14.00 | JPMX | |||
| 2,158 | $13.8967 | $13.91 | $13.89 | JSJX | |||
| 100 | $14.0000 | $14.00 | $14.00 | LEVL | |||
| 300 | $14.0000 | $14.00 | $14.00 | SGMT | |||
| 3,591 | $13.9731 | $14.00 | $13.90 | UBSA | |||
| 100 | $14.0000 | $14.00 | $14.00 | VFMI | |||
| 452 | $13.9945 | $14.00 | $13.99 | XBOS | |||
| 200 | $13.9550 | $14.00 | $13.94 | XCIS | |||
| 3,426 | $13.9538 | $14.00 | $13.83 | XNAS | |||
| 4,898 | $13.9028 | $14.00 | $13.81 | XNYS | |||
For further information, please contact:
| Diversified Energy Company PLC | +1 973 856 2757 |
| Doug Kris | dkris@dgoc.com |
| Senior Vice President, Investor Relations & Corporate Communications | www.div.energy |
About Diversified Energy Company PLC
Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our 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
How many shares did Diversified Energy (DEC) buy back on June 4, 2025?
What was the average price paid per share in DEC's June 4 buyback?
How many shares will Diversified Energy have outstanding after this buyback?
What was the price range for DEC's share buyback on June 4, 2025?
Which trading venue had the largest volume for DEC's buyback?
